One of my earliest articles on this site was on the danger of our rapidly skyrocketing national debt. What was once perceived as, at best, a necessary evil that should be limited to whatever extent possible has, since the Vietnam War, become and immense burden of truly unimaginable proportions. How gargantuan? Well, the national debt is now $85,210 per person.
Professor Michael Busler at Stockton University warns that President Joe Biden’s high deficit economic polices could lead to 1970s-style stagflation—inflation and a stagnant economy. He says if taxes are raised, it will make things even worse because it will suck more cash from the productive economy.