The liberal chatter on "resolving equity issues," wealth redistribution and guaranteed minimum income, leave most of us normal people confused as to who will foot the bill for such socialist initiatives.
Is the expectation that the Town of Hilton Head Island, the state of South Carolina or the federal government will pay the tab?
Let's just say "Big Brother" will pay the bill.
The total national debt today is a staggering $18 trillion and expanding by over $1 trillion a year -- equivalent to about $57,000 for each and every American, or $154,000 per taxpayer.
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Much of this debt is for existing social programs. It seems doubtful that the government can pay for "equity issues" and other social/wealth "re-ordering" given that the existing mountain of national debt is a full-fledged economic crisis already. Interest payments on the debt alone will cost $272 billion this year.
Higher taxes or reduced federal benefits and services -- or a combination of both -- are the inevitable consequences we all face in the near term.
It's easy to say "spend, spend, spend" when it's someone else's money -- but we're talking about all of our collective monies, and we're tapped out.
Hilton Head Island