Unlike the solemn debt honored on Memorial Day, this one grows not from sacrifice but from avoidance, avarice and unaccountability
No interest rate can measure it. No budget line can contain it. It is final, irrevocable, and sacred.
Every year, we pause, as we should, to acknowledge that liberty is no accident. Its purchase price is steep. Many stood a post, walked point, climbed into a cockpit, or sailed into hostile waters so that we could enjoy the ordinary luxuries of American life: arguing about politics, grilling in the backyard, complaining about work, raising families in relative peace. The fallen paid the ultimate debt, while the rest of us live on the dividends of their courage.
There remains another debt that all Americans must face, one far less noble and far more self-inflicted: the national debt that at $39 trillion is growing faster than the economy and its current path is unsustainable with interest payments amounting to $1 trillion a year--a figure most cannot comprehend.
Unlike the solemn debt honored on Memorial Day, this one grows not from sacrifice but from avoidance, avarice and unaccountability. It is the bill we keep pushing onto future generations because those elected lack the discipline and forbearance to make the difficult choices.
The contrast is stark.
On one side are the young Americans who never hesitated when their country asked for everything. On the other, a political culture that bemoans over the smallest act of fiscal restraint. The fallen gave their lives, while Washington can’t forego a spending increase.
Memorial Day reminds us that debts must be paid.
The laws of economics will not suspend themselves out of patriotic courtesy. We borrow to fund today’s comforts while expecting tomorrow’s citizens, many of whom are not yet born, to pay the bill.