Congress just passed a bill that allows our government to continue spending money at its current rate for another two months.
This is considered by most as being a good thing, because
then the government won’t shut down, because it has run out of money. Actually, it wouldn’t run out of money. More like you left you wallet at home while
at the store. You have the money; you
just can’t access it right that minute.
They say that we would be defaulting on our debt if we didn’t
raise the debt ceiling.
No. We would be defaulting
on our debt if we were going out of business.
But we are not.
What they might not mention is that it’s not that there
isn’t enough money to be had. This is
money that they want to borrow.
The government is in debt.
They are not interested in paying off the debt. They are only interested in paying interest
on that debt.
They don’t see a problem with this.
Does anybody see a problem with this?
You wouldn’t do this.
You wouldn’t advise anybody to do this.
Only very foolish people would do this, just keep going
deeper and deeper into debt without any intention of paying off the debt. Those people and our federal government. You can add some state governments to that as
well.
This means that an ever-increasing amount of any money they
get will be used for interest payments, or, you could say, just totally wasted
money. Billions and billions of dollars
every year.
The Federal Reserve Bank, which for some unknown reason, has
been given responsibility for the health of our economy, in their extraordinary
wisdom, has been keeping interests rates as low as possible for years now.
They say this is to stimulate the economy. It is also to hide
the magnitude of the government debt as well as to lower the interest payments.
When I was a kid, it was common for people to retire and
live off the interest on their savings accounts. But since the government has gone off on its spend-as-much-money-as-possible
agenda, the Fed has no interest in returning to normal interest rates. Then we would be spending a trillion dollars
a year just on interest. Again, totally
wasted money.
So the government has totally ruined a significant retirement
option for millions of our people.
Why?
The short answer would be that they want(ed) to use the money
for short-term political gain. The more
money they spend, which is often just given to people in some way, the more public
favor they believe they will receive. They
can create new headlines to distract people from the longterm losses to our
people.
I believe it is time to end this. Long past time, and we need to do this now.
No more.
You may ask how we can do this. What action can I take right now to change
this?
And I would have to say I don’t know.
You can write the politicians, but I don’t even know if they
will see the letters. You can write the
newspapers, but they won’t print the letters.
The place to start is public awareness. Talk about this. Every time you get in a political discussion. Or start a political discussion with this
issue.
If you meet candidates, tell them what you think. Don’t just ask them what they think. Tell them what you think and expect.
The biggest problems in government right now are not
specific bills but the culture.
Writing massive bills that are too big to read and discuss,
where you have to vote for ten things you don’t like to get five things you do. Drawing Congressional districts that almost
ensure a particular party’s success. Spending
money that only increases the size of the federal government and the dependency
of the American people on the government.
Oh, and spending money the government doesn’t have, so that
it has to borrow money for pay for these things. And that includes letting the Federal Reserve
create money, but that’s another story.
All these things have gone on for too long with nobody
apparently trying to stop it. Oh, a few
people have tried. Rand Paul is
one. But he’s not trying hard enough, or
the system is too entrenched for him to make any headway. If you’re not in the majority party in the
Senate, or the House for that matter, the leaders of those chambers won’t give
you much attention.
So it’s up to us. The
people. I’m sorry I can’t give you more
things to do with a greater chance of success.
Maybe somebody reading this can do that.
I hope so.