In the last 20 years, our country’s national debt has exploded. In 2001, when George W. Bush took office, the national debt was $5.8 trillion. It took around 225 years -- booms, busts, depressions, wars, etc. -- to amass that much national debt. In just eight years, Bush and a compliant Congress doubled the number to $11.7 trillion. In Barack Obama’s two terms, another $8.6 trillion was added. During the past four years, Donald Trump and Congress fought many battles, but not over this: In that time, America’s future was mortgaged to the tune of another $6.7 trillion. Today, the national debt is around $27 trillion, a four-fold increase in the last two decades. That doesn’t count unfunded mandates. And there is no end in sight.
Whenever human beings gather to accomplish a task, any task, without strong and effective oversight, a natural evolution takes place. Whether it be in business, academia, philanthropy, or government, every activity morphs from the original goal to self-aggrandizement. In government, this process is particularly toxic. There are no profits, let alone a profit motive. No concern with productivity. No incentive to turn off the proverbial lights. No measure of success. No motivation to end counterproductive activities.