Official Deficit for November $172,112 Billion
Looking at the Treasury’s posting of last month’s Federal deficit, it is obvious that ours is not a revenue issue. After all, November FY 2013 saw a $9 billion increase in revenue. Spending, though, increased by $44 billion year over year.
The bottom line problem is that people are voting their self-interest. When one can vote for a free ride, today’s wisdom says do it.
Unfortunately for this Republic to survive, its citizenry must possesses virtue. Virtue, among other things includes patriotism, thrift, a strong work ethic, and independent spirit, religiosity, morality, and a sense of shame. Virtue in one sense, tends to keep the state at arms length. While one might be proud of their nation, that same person also exhibits a streak of independent thinking and behavior, which sees a certain shame in becoming a ward of the state.
Today, a large plurality of our population lacks the virtue necessary to keep a Republic healthy. They have traded their birthright as a free citizen of a republic for that of a subject, dependent upon the good will of the king, tyrant, despot, or authoritarian.