Debt Limits and Drug Addicts …

Think of the country, or at least the federal govt., as a serious alcoholic or drug addict.

Many of us who believe that a smaller federal govt. is the right way to go (morally, economically, & Constitutionally), want to see the drug addict cut-off from his fix. There is no question that in the short term this will cause discomfort. For the drug addict this would be sweats, pain, the DTs, the whole enchilada. Certainly unpleasant. For an economy, this cutting of the size of the federal budget would cause some short-term displacement and shuffling of resources. But I firmly believe would make us better off in the not-so-distant future.

[Do You Think We Have a Spending Problem?]

The alternative is to let the addict continue his addict ways. While this will make him feel better in the near-term than quitting, it is clearly worse for him in the long-run. But the situation is even worse than that, in the case of the federal government, the spending is not just static at an obscene amount, which would be bad enough. It actually continues to grow at an alarming rate.

[This is no more than a disgusting political stunt]

Additional links:
Do You Think We Have a Spending Problem?
Ron Paul: Stop Raising the Debt Ceiling
Will Congress Raise the Debt Ceiling?
YouTube – ‪Ron Paul: Debt Ceiling Is Where We Should Draw the Line in the Sand
How Government Debt Grows by Ron Paul (from back in 2006)
About that Debt Limit
Ushering in the Age of Transparency

  • Wintercow20

    Maybe we should send our elected officials, on our dimes of course, to those vomit camps I just read about in Thailand …

  • Harry

    By chance, I touched Speedmaster’s name on TUBW, and voila! got to the website for epistemological doubt.

    I will cross-reference the Coyote Blog, and the Club for growth.

    WC’s comment reveals he is a big pussycat.

    I assume my email address will be confidential, Speedmaster.

    • speedmaster

      Harry, GREAT to see you here, please visit often! And yes, completely confidential.