Let us begin with a thesis: scarcity breeds excellence, and abundance produces garbage.

I am compelled, naturally, to write about this topic thanks to yet another multi-trillion dollar federal boondoggle, this one in the form of the “once in a generation opportunity to invest” announced by the President. Of course, this statement implies that the federal government has been cautiously and conservatively watching every penny for years and now, at long last, it will finally loosen the purse-strings and actually spend a bit on the country. This is, of course, patent nonsense, as the $28 trillion in debt incurred by countless years of government waste, quite plainly attests.