The Myth of a Balance Budget

The Myth of a Balance Budget

Is It Even Possible Anymore?

There was a time when the United States was far more than just one of the major superpowers of the world. We were the envy of the world. We not only had the cowboy attitude and never say die approach that helped to tame the wilds of the west, but were also self sufficient.

We were an isolationist country and proud of it. It wasn't until after World War II that we really opened up our borders for import and export. Roosevelt helped get us out of the Great Depression partly by increasing the exportation of American goods such as bullets to a Allied countries. When we entered the fray of World War II and eventually toppled the Nazis and other Axis powers, we stopped being isolationist.

Fast forward half a century and we are in debt to anyone and everyone in the world. Trillions of dollars in debt to people and its not going to stop anytime soon. As parts of Europe near financial collapse (Yes, I'm talking to you Greece and Spain), the United States stands on the precipice of another Great Depression. We've all thought about calling this Great Recession by that name, but we're not quite there yet.

I have no doubt that the federal government is trying their best, but with political infighting between Republicans and Democrats have superseded any efforts to improve the situation. This past election cost $2 billion dollars and we have thousands of people unable to afford heat this winter. Something tells me this isn't how Teddy Roosevelt would have done things. He wasn't afraid to make people made. The sad truth is that the budget isn't going to be balanced anytime soon and America will continue to degrade.