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Home » Handling the Mounting U.S. Debt
The Beschloss Perspective

Handling the Mounting U.S. Debt

FDR opened up the government’s coffers to end the Great Depression and produce military materials for World War II.

June 1, 2021
Morris Beschloss
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TW0621_American-debt.jpg

Since time immemorial, incoming presidents were confronted with a mountainous U.S. debt that was piled on their desks, a major problem with which to contend.

It started during World War II. After the 10-year (1929-39) Great Depression, President Franklin D. Roosevelt wisely opened up the federal government’s bank vault to end the depression and win the war. 

With the depression coming to an end as the United States supported the United Kingdom and Russia in fending off Hitler’s Wehrmacht, the ordering of national taxation was displaced with a major new U.S. monetary debt. It was enacted to solve the depression and then support the allies fighting Hitler with “war material.” This became even more amplified as women joined men in the factories to produce critical war weapons once America fought both Japan and Germany.

After World War II ended successfully, the United States took it upon itself to help rebuild the unquestionable destruction the war had wrought. To stop the red tide of victimizer communism from sweeping over all of Europe, Germany and Italy were also included in some of these rehabilitates. 

However, such extraordinary spending has never stopped, even as the first trillion-dollar debt introduced a new (trillion) definition onto the Washington, D.C., vocabulary.

While the increasing debt has become each new president’s load to carry, the ability to pay the debt’s low interest and keep the impossible eradication of the base seems to be not a major issue. It’ll always be there, as each new president no longer focuses on even attempting to lower the multi-trillion monetary dollar national debt.

Global Coal Shortage Ramifications

While coal has become the worst example of elemental “air defamation” by climatological air-fouling standards, most of the world’s nations are totally dependent on this rejected element for heat, light, refrigeration and cheap prices. 

This is especially true of China, now the world’s leading user of coal for all purposes. With a population of nearly 1.4 billion, the largest in the world, China is already complaining of unanticipated coal shortages — and most of it still comes from its major world competitor, the United States. The ultimate irony of getting enough coal from America at a reasonable price has become a major chink in China’s armor. 

While tackling a giant game of protecting the world’s climate, the Chinese are, by far, the worst air foulers but are not severely accused by global China-doting partners for their constant hypocrisy of blaming others.

On the other hand, America’s largest excavator of coal, West Virginia and adjacent states, are becoming the target of the Biden administration’s climatologists. It is expected that tens of thousands of coal-related jobs are on the drawing board of future extermination. 

This will put President Biden and his administration into the unpleasant position of confronting this large political segment that delivered these coal states to the Democrats in the past.

Since President Biden put climatological cleansing on the top of his list of key objectives, it will take an unbelievable twist of steps to solve that growing political problem. While the president has gained the upper hand, due to the Jan. 6 Congressional building attack and desecration, as well as ridiculing the outgoing President Trump, the resolution of this multifaceted fiasco will be interesting to watch as 2021 progresses.

The Resiliency of the United States

Today, where there seems no limit to turbulence, confrontation and open warfare, the United States of America is the only world-leading nation with nothing to fear from invasion, generally, or an unexpected stab in the back.

The mad dog Adolph Hitler, who had rolled over most of Europe with ease, was stupid enough to declare war against America after the Japanese had bombed Pearl Harbor with a shrewd attack on Dec. 7, 1941. Hitler’s rationale was based on the assuredness it would be matched by a Japanese attack on Eastern Russia. 

The German “emperor” obviously had not looked at the map, which indicated thousands of miles existing between the Soviet’s Eastern Siberia and where a potential attack by a Japanese force would have to take place. The Nazi madman also knew nothing about history, where the Japanese got a “bloody nose” when facing the Russians in Manchuria.

What this war declaration against the United States accomplished was to give America the excuse to wage war on Germany. As late as the Pearl Harbor massacre, the overwhelming percentage of the American people were against another foreign war, such as America’s involvement in World War I. 

 Overlooked by both enemies and the U.S. population were the billions of dollars’ worth of war materials already being shipped to both the U.K. and the Soviet Union. This now opened the door for President Franklin D. Roosevelt to join both the U.K. and the Soviets in eventually overpowering Hitler and the Germans, half of whom were declared Nazis.

While Hitler was still alive, he attempted a pathetically weak attack on this country by submarines and the threat of guided missiles, which were at the beginning stages of development. It was to no avail.

Whether one blesses the providence of God on having two relatively peaceful neighbors, the United States of America remains the world’s most important and safest country.

Fortunately, the type of political government we enjoy, despite the ups and downs of presidents, also makes internal upheavals a distinct impossibility.

Distributor PVF Wholesalers & Distributors
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