If the economy were bustling we wouldn't be having the National Debt Discussion. We have an official unemployment rate of close to 10% and an unofficial one of closer to 20%. Many people have jobs beneath their skill levels, working for less than they are used to.
It would be easy to turn this post into a comedy and put the entire blame for our National Debt upon these people. The unemployed are not paying taxes and that is the problem!
It is all a vicious circle. The farther down one is, the more beaten and desperate, the less you have to spend. American business is being hurt because they do not have enough customers.
We can not turn back the clock and return to five cent coffees and 10 cent telephone booths. We have never really been in this position before, not this bad, not this long. Congress seems to have its own agenda and has no sight, no feel of consequence, no real understanding of economics or how money works.
Sometimes I wish they were made up of more average people, more similar to the Americans they are supposed to represent. When they made a law it would also apply to them. For instance, if 40% of Americans have good health insurance, well then, 40% of our congressmen could have good health insurance. As they discovered a method of increasing this percentage maybe to include all Citizens, then they too could have what we have. How about unemployment between sessions of Congress? Not working? don't get paid! That is what we do. I think a gymnasium in a workplace, like our Congress has, is an excellent idea... if every workplace had one!
They have lost total touch with Reality and don't know the price of a loaf of bread! They don't represent me. They have absolutely no clue about Economics. You do not improve a situation by making less money available and that is all there is to that!
"Hell-o! is anyone there?" Is anyone discussing the option of generating more money? Making something more efficient? Maybe keeping more of our money here at home, not sent overseas and not stock piled into off shore bank accounts? Somehow spread out a little more equitably so it could be spent?
Every time money changes hands it is taxed. Every time it is stock piled it remains stagnant, safe, secure, off
shore and not taxed. When it is invested in China we build up their economy.
It sounds so altruistic to cut back. In the laws of economics it is absolutely the wrong thing to do. It is really simple: more begets more and less begets less. Our situation can get much worse.
The idea of borrowing and putting a debt on our children, and now grandchildren is of course repugnant.
Sometimes borrowing can be profitable. Businesses do it all the time. We do it for major purchases, for a house or car and in our country for medical requirements. There is always a risk. That gets put into the equation. It is all mathematics. Some things we borrow for generate wealth and other things go down the drain.
"Hell-o! is anybody there?" I want some answers. Our little skirmish in Lybia caused France to run out of ammunition after three days! I wonder what their military budget is? I know what ours is. We have the largest in the world, more than all other countries combined! Okay, I am not here saying this is good or bad. I am just wondering what we are getting for our money? Is it creating more jobs, more wealth? or is this money down the drain? Money that might be better spent here, or money that shouldn't be borrowed in the first place?
I don't know. The older I get the less I know. I know I am being lied to by both political parties. I know they are playing with me. They are both appealing to my emotions and neither think I am capable of making a decision based on the facts, just the pure science of economics and a sense of fair play.
What I do think is that Congress should be a part time job, half a year at most. The other half they should get a real job. An "average job" for an average wage. They should work hard and live off their wages. Just like we do.