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Again, government debt is the same as your household debt. If your income drops you do not have enough money to cover your obligations. Not rocket science. As a household, we decide what expenses we can cut to make our income strech. We do not increase spending in the hopes it will generate more income. A business may think this way regarding advertising their product/service. Government does not produce any products to generate income/revenue. When taxes collection drops and expenses increase you have a deficit. Not rocket science. If the spending does not create adddiotnal taxes it was money spent for no other purpose than getting votes and tell the 'sheeple' what they want to hear, that government will take care of them.
As webmasters and website operators, we should all remember the mid 90's. The age of the internet and the .com bubble. That decade produced tremendous income for the US Economy which translated into high tax revenues creating a true surplus. After the bubble burst incomes dropped along with tax revenues but spending increased. Then came along 9/11. Ouch.
It's simple economics 101. The thing is, no one what's to step up to the plate and take responsibility to tell the sheeple the truth. Times are hard. Non essential spending needs to be cut to match tax revenues. REGARDLESS of who is in the White House or controls either house of Congress. Your community support of art museums needs to be transferred to the private sector. Community support of the needy needs to shift to faith based organizations that have the resources through charitable giving. If it does not concern defense, national security, or interstate commernce, let the private sector step up and take care of the need.
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