Biden sees open borders and terrorists, drug cartels, human sex traffickers and rapists coming across our borders in the future. Trump sees a future where the borders are closed to illegal aliens—and those already here are sent back to their native country.
Trump sees a future of prosperity, ending inflation and opportunities for success. Biden sees raising taxes to their highest amount eve, more control over businesses and regulations that force American businesses to close.
Biden sees the future as using the FBI, DOJ, CIA to control our population. Trump sees a future of the Rule of Law and the end of lawfare and warfare against American citizens.
That is what at stake, and more on November—our future as a free nation—and a Third World totalitarian nation.
WHAT ABOUT TOMORROW?
By Richard Colman, Exclusive to the California Political News and Views, 6/24/24 www.capoliticalnewsandviews.com.
It’s the height of irresponsibility: Candidates for public office are ignoring the future.
Donald Trump and Joe Biden are not addressing the nation’s future needs. Neither one deserves to be president.
Trump and Biden -– like their immediate predecessors (George W. Bush and Barack Obama) -– have a record of spending money recklessly. Congress, which controls financial outlays, is also to blame.
Currently, the U.S. national debt is $34 trillion. In 1981, the debt was $1 trillion.
On June 18, 2024, The New York Times reported “. . . that the U. S national debt is poised to top $56 trillion by 2024.” Also, on June 18, an editorial in The Wall Street Journal stated, “Spending is the real problem, and it’s getting worse.”
The federal fiscal year runs from October 1 to September 30.
For the fiscal year that ended on September 30, 2023, the U.S. spent $6.1 trillion and received $4.4 trillion in income. The deficit for that fiscal year was $1.7 trillion.
The national debt is the accumulation of yearly deficits.
In 1837, when Andrew Jackson was president, there was no national debt. From 1996 to 2000, the U.S. had annual fiscal surpluses. Each year’s surplus lowered the national debt.
When federal expenditures exceed income, the U.S, has to borrow money. To borrow the needed money, the U.S. Treasury has to sell bonds, which are often called “U.S. Treasuries.” The U.S. government has to pay interest on the borrowed funds.
Who buys American bonds? The answer is American citizens, American corporations, and foreign entities like Japan and China.
As long as borrowers expect to the paid back, there are no difficulties with the national debt.
However, if lenders have doubts about repayment, they may refuse to buy U.S. Treasuries or buy less debt.
No one knows if the current national debt of $34 trillion will make borrowers curtail their future purchases of U.S. Treasuries.
If the lenders stop lending, the U.S. will have to cut spending, raise taxes, or do both to bring about some sort of fiscal equilibrium.
To date, lenders have kept buying U.S. Treasuries. Such buying is a vote of confidence in the American economy.
However, a day of reckoning might be coming. If American debt gets too high, borrowers might see the U.S. as a version of such heavily indebted countries as Argentina.
American spending falls into three main categories: Social Security; Medicare; and national defense.
Cutting funds in any of these categories would be unpopular.
Trump and Biden in their respective 2024 presidential campaigns have not addressed the issue of overspending. Lack of attention to overspending is a form of political negligence.
Moreover, neither candidate has addressed the nation’s financial future.
Trump spends much of his time complaining about the American voting system. He often says that the 2020 election was rigged. He continually insults people and places. Recently, he called Milwaukee, the site of the 2024 Republican national convention, a “horrible” city.
Biden keeps canceling student debt and has not shown that he is really willing to halt illegal immigration. In addition Biden, since he became president in 2021, has had to endure inflation, which makes groceries, medicines, home loans, and car loans more expensive.
The issue of the candidates’ respective ages is a threat to American political stability. Trump is 78, and Biden is 81. The American presidency is the toughest job in the world. Do Americans want either of two elderly people running the country?
But, perhaps most important, neither Trump nor Biden is talking about the nation’s future.
When John Kennedy was president, he talked about putting a man on the moon and returning him safely to earth. Ronald Reagan argued that government was too big and too expensive. Bill Clinton said he wanted to prepare American for the 21st century.
If Trump and Biden cannot address the nation’s future, what good are they and why should anyone vote for either of them?
What About Tomorrow? If you want a good tomorrow, vote for Trump! If not vote for Biden. You choose.
Soooo, who y’all going to vote for? A third party candidate who has addressed the obviously unsustainable national debt? Or, cast a protest vote? In my old country at one time the presidential candidates were so bad, voters started voting for the newest baby animal at the local zoo. Are we there yet?