Somewhere along the line in Washington, an old idea got lost: That when the government spends money, it has to raise revenue.
A national debt approaching $25 trillion — about $76,000 for every man, woman and child in the country — attests to how completely that idea has been banished.
As I write this, a day before the inauguration of President Biden, I am expecting Congress to vote soon on a plan to send my wife and me $1,400 apiece in what are called “survival checks” to help us somehow make it through the COVID-19 pandemic. The only problem is, we are “surviving” just fine without
