- “No one really cares about the U.S. federal debt,” remarked a colleague and Economic Prism reader earlier in the week. “You keep writing about it as if anyone gives a lick.”
- We could tell he was just warming up. So, we settled back into our chair and made ourselves comfortable.
- “The voters certainly don’t care about the federal debt,” he continued. “They keep electing the same spendthrifts to office.
- “And the politicians know the voters don’t care. They also know that making more and more promises is the formula for getting reelected.
- “Deep down, the aging masses know they need massive amounts of government debt to pay their social security, medicare, and disability checks. On top of that, many of the so-called gainfully employed are really on corporate welfare; they hang their hats on government contracts to fund their paychecks.