Most of us know that U.S. government spending is too high. And the deficit and the debt are going to get us one day. So why doesn’t someone do something? And why has President Trump done a “$320 billion budget deal” with Speaker Pelosi that kicks the can down the road yet again? How come he’s willing to do a deal with Nancy Pelosi that increases spending and raises the debt ceiling through the 2020 election? Well, of course. Trump wants to clear the decks for electoral action, and he doesn’t want to be stubbing his toe on a debt ceiling crisis just before the election in 2020. And, don’t forget, Trump ran in 2016 promising not to cut Social Security and Medicare. What would it take to get the federal budget under control? It would take a ruling class, on left and right, agreed that debt should be controlled. We did it before, as this chart of the federal debt since 1900 proves. In World War II federal debt went to 120 percent...(Read Full Article)