Theoretically there are primarily three ways to respond to a vast and increasing public debt.
1) Cut services and spending
2) Increase taxes
3) Increase efficiency in services enabling spending reduction
The U.S. Government demonstrably likes none of those approaches.
Public responses to poor government may be apathetic or ineffective. With globalism and concentrating wealth the governing class of elected offcials easily have a two-worlds existence. Few are motivated by increasing government efficiency, innovating new approaches to create social well-being or even improve a general philosophy of government. Simply being there and enjoying the benefits personally seems to be the main thing.
http://www.nationaldebtclocks.org/debtclock/unitedstates
1) Cut services and spending
2) Increase taxes
3) Increase efficiency in services enabling spending reduction
The U.S. Government demonstrably likes none of those approaches.
Public responses to poor government may be apathetic or ineffective. With globalism and concentrating wealth the governing class of elected offcials easily have a two-worlds existence. Few are motivated by increasing government efficiency, innovating new approaches to create social well-being or even improve a general philosophy of government. Simply being there and enjoying the benefits personally seems to be the main thing.
http://www.nationaldebtclocks.org/debtclock/unitedstates
