Woo-hoo! We can thank Uncle Sam for letting federal spending skyrocket and go out of control with his trillion-dollar war and his costly new entitlement programs. History shows that socialism advances even faster under a GOP Congress and White House collectively than it does under a divided government. It's seriously not that funny. It plays no small part in the reality, young persons get out of college to find a labor market devoid of any meaningful opportunities.

As of now, the national debt stands at an astronomical:

So each citizen's share of this debt is over $30,262.93 and growing. The naive Vice President Dick Cheney naively says, "Deficits don't matter."

My generation, and even worse my posterity's generation are going to pay for the years and years of reckless runaway spending, in the form of diminished economic opportunity, spiraling inflation, a dying U.S. Dollar, the crushing weight of taxes, and the continual numbing dead-weight of all of government's taxes and regulations. All of this economic stagnation collectively acts to sap the nation of its economic vitality, the potential for a broader, more affluent middle class, and a deeper distribution of private property in this country. History shows that a republican society needs a broad-based middle class, not a radical disparity between rich and poor.

Big Government advocates of the status quo of stagflation Keynesian economics make up excuses, such as "It's just money we owe ourselves," but in reality, this money we just owe ourselves is increasingly owned by foreigners who hold the interest-bearing T-Bills. Moreover, the interest on the national debt, consumes a great and greater share of tax receipts with each passing year.

I got ticked off listening to the hypocrites in Congress grovel after the Enron and Worldcom scandals, because the United States government sure as heck isn't following generally-accepted accounting principles (GAAP), and they are cooking their accounting books too. They conceal their sins, by inflating the Dollar to pay debts, and stealing money from the so called Social Security Trust Fund to cover the real staggering size of the bloated half-trillion-plus annual budget deficits.

"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."
—Thomas Jefferson

Thomas Jefferson's legacy to Americans was an earnest commitment to republicanism and a recognition of the follies of exorbitant public expenditures, deficits, and debts. He warned about the establishment of a central bank and its susceptibility to manipulation by politicos. Jefferson wrote his friend John Taylor, in 1798 declaring: "I now deny [the Federal Government's] power of making paper money or anything else a legal tender." Following his election in 1800, he took steps to effectuate the retirement of the national debt, something Hamilton created with the hope of making it as a permanent fixture of government. Jefferson succeeded in large part, but his campaign was interrupted by the War of 1812. Jefferson warned his generation of Americans against the folly of having an inflationary currency (which we have today) and favored reliance instead upon precious metals as the common currency.

"The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested clamors and sophistry of speculating, shaving, and banking institutions. Till then, we must be content to return quoad hoc to the savage state, to recur to barter in the exchange of our property for want of a stable common measure of value, that now in use being less fixed than the beads and wampum of the Indian, and to deliver up our citizens, their property and their labor, passive victims to the swindling tricks of bankers and mountebankers."
—Thomas Jefferson to John Adams, 1819. ME 15:185