We do have a national debt of around twenty-trillion-dollars and I would love to bring that down and you can only do that through stronger economic growth, higher employment, with raising wages and deficit reduction. As long as you have a deficit, the debt will always go up. Which is how you get a national debt through annual deficits that are always adding to the debt. And again, divided government with a military oriented national security party that believes the best interest of corporations are always the best interest of the country. And a party that is more interested in domestic and economic spending, that tends to believe that the best interest of labor unions is always the best interest of the country.
So unless you have people from both parties who say, “we need to cut the deficit and I’m willing to give some of my priorities in a smart intelligent way, but I’m not going to hurt them, if you do the same thing with your priorities”, we’re always going to have guns and butter. Republicans, will get more military spending. Democrats, get more domestic spending like in the areas of infrastructure, education, medical research. And at best you’ll get a bipartisan agreement to fund and not borrow the money to pay for each parties priorities, but you won’t have a real agreement to deal with the long-term debt and budget deficit. That is how Congress works especially when the margins are fairly close both in the House and Senate and the President is from the other party that is not leading Congress. And this is also how you avoid government shutdowns and defaulting on the national debt. Which would have been the worst possible outcome.
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