The federal government consistently ignores financial facts and responsibility. It imposes high taxes, but then spends trillions of dollars more than the taxes bring in.
That’s why we have a national debt of more than $12 trillion — which is growing more than a trillion dollars a year!
We, as individuals, could not follow that horrible example without disaster.
Neither can state and local governments.
We have to act responsibly or tragic results will arrive in short order.