It was a year of drought and depression and the President said "Let us dip into the government till and pay people to make work. Farmers are hurting so let's buy their produce and destroy it and they will be happy." The New Deal worked wonderfully well and the farmers and WPA workers were happy to vote Democrat.
Then the President said "Old people are dying of neglect so let us collect money from everybody and pay it back only to those who live beyond the normal age when a majority of people die. We'll put the money in a 'lockbox' and it will be there when our old people need it." He did that and it was good. The people were pleased and voted to keep President Roosevelt and the Democrats in power.
Never in the projections of cost of those social programs was there any analysis of cost vs. benefit calculated. It was simple; if we need more money simply raise taxes a little and everybody will still be happy.
President Truman understood the program and when commodity prices dipped they initiated a farm program and created a loan program to guarantee that minimum prices were maintained. They might have miscalculated a bit, though, and huge surpluses of certain commodities began to accumulate. The solution was simple -- just sell the governments' surplus on the world market and make up the difference by taxing everybody just a little more.
Meanwhile our progressive elected officials learned from our leaders and slipped items that would be good for their voters back home who could vote to have the incumbents re-elected. Run a cost benefit analysis to determine that it was good for the whole country? -- never happened. That program earned a pejorative label called "pork" so the action became known as "earmarks" which had less objectionable connotation.
Then people began to complain that taxes were becoming a burden so the Democrats raided the Social Security lockbox. Well, rather than just steal the cash from the lockbox, they simply wrote an IOU redeemable sometime in the future by transferring money from the treasury when the IOU's came due.
Then the bad old conservatives in Congress began to complain that taxes again were becoming a burden. The solution was simple, just borrow from the future by selling treasury notes to any foreign investor who would buy them and everybody was happy. What could go wrong?
Meanwhile a wave of awareness was sweeping the land and those people began to believe that mankind was going to destroy our environment. Those people are true believers and vote Democrat, so massive regulation was decreed by the administration. Never mind that excessive, ill thought out, governmental regulations stifle production of goods and services -- we are saving the earth. Cost verses benefit? -- never mind.
Then, too it was noticed that pouring money into the liberal education community was a good thing because those people mostly vote Democrat. Re-elect the incumbents who showered down the free money and that was good. Ah, let's create a system of grants to get more students into college, free money, and they vote Democrat, good plan. Never mind that the cost of a college education spirals ever upward as bureaucracy expands exponentially because they, too, vote Democrat.
Then the pundits began to notice that the national debt kept going up up up and that eventually our children and grandchildren would have to pay it back. In effect, we were living high now and were selling our children and grandchildren into the slavery of a crushing tax burden.
What to do? Cutting spending was unthinkable, so the only solution was to raise taxes. Enter a bunch of concerned patriots calling themselves "The Tea Party" who had elected enough conservatives to Congress to block any raising of taxes. Great consternation. The President, who has never been a fan of capitalism and the greatness of the United States, threatened to default on our loan obligations if the debt ceiling wasn't raised so that we could pay all our bills and so it happened. Now our credit rating gets downgraded. What kind of a deal is that?
The template is available to study as it has all happened before. Turn to Genesis 47 read and ponder.
A man named Joseph, a Hebrew, son of Jacob, had risen to be Secretary of the Treasury, right hand man of Pharaoh in Egypt. It was a time of famine and crops continued to fail. So Joseph collected all the money in exchange for food to feed the starving people and brought the money to Pharaoh's treasure-house.
The next year people were still hungry so Joseph told them to give their livestock to Joseph in exchange for food. Soon all the horses, flocks, herds and donkeys were in Pharaoh's possession.
Then the people said take all our land and we will be servants to Pharaoh. Then Joseph struck a deal and provided seed for planting in exchange for Pharaoh receiving one-fifth of the harvest and the people kept four-fifths to eat and seed to plant for next year's harvest. Problem solved.
Eventually the yoke of slavery became unbearable and the people gathered what they had and departed Egypt. They then made a new life in a new land, the land promised them by their ancestor Abraham.
I am a man of hope. I pray that we the people won't have to leave, as we already are living in the Promised Land.
Hopefully we can just replace the Pharaoh with a new one who understands capitalistic economics, has faith in our Constitution and the greatness of this country founded on Judeo-Christian principals.
That is the way I saw it.