Runaway budget deficits

No matter what the politicians say, our deficits and our debt is a serious problem. If we continue on our current path, a monumental depression is guaranteed. This article in the Washington Times gives an insight to the China-US trade war that could be on the horizon.

• The U.S. and China could be on the verge of an explosive trade war that could damage an already shaky global economy, says a top financial analyst.

  Stephen Roach, chief economist at Morgan Stanley, blamed the threat primarily on political leaders in the United States who had failed to rein in the deficit and American consumers who spent more than they earned.

No truer words were ever spoken. No "Fair Tax" plan or private social security accounts can solve the frenzy of pork-barrel spending coming out of Congress. Somebody on Capitol Hill needs to summon the will to tell Americans the hard truth. Our government is spending too much money on a wide variety of unConstitutional agendas. First on my short list would be: the War on Drugs, the War on Poverty, public schools, AIDS in Africa, and funding for arts/humanities such as the National Endowment of the Arts. I reject the idea that some of these initiatives represent only "small" amounts of spending, and therefore aren't "really" part of the problem, because at this point every bit of fiscal restraint would help.