I hope our kids forgive us someday for putting them in record debt...
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- I am married and we have 3 adult daughters. We live in Plymouth MN. My interests are learning, communicating, home improvement projects, motorcycling, boating, and other outside activities. Thank you for reading my blog and have a great day !!!
9 comments:
The difference between the two parties is that the Democrats make choices that are inflationary, while Republicans make choices that lead to inflation.==Hiram
Our finances are the way they ar e because thay are the sum total of the choices we have made. And quite frankly, there is far more agreement on those choices between the two parties than difference. If we want to be "fiscaly responsible", our nation is going to have to be different in many fundamental ways from the nation we have today. The reason we don't talk about that is because we don't have the political will to reimagine our nation in that way. That said, we have in the last couple of weeks done something really big that has the potential to have a huge impact on the world economy. We have basically chosen to reduce the world's oil supply by 30%, either indefinitely or forever. I don't have the expertise to do the numbers, but it seems to me that our decision has the potential to fundamentally alter the way our economy works. We may to very suddenly have to make those tough choices we have avoided so successfully for generations. Maybe they should talk about that on the Sunday morning news shows.==Hiram
US citizens have become very selfish...
"Stop voter suppression. -- When the people find that they can vote themselves money, that will herald the end of the republic." -- Ben Franklin
If balanced budgets were in the people's interest, the selfish thing would be to vote for them. If inlation is not in the people's interest, I don't see how it is selfish for people to vote for it. But people do.--
hiram
Was it the Boy Scouts who said "Leave your camp site better than you found it." To do so requires sacrifice or at least responsibility by the visitors.
People in our age group were given a low Debt country and we have under paid and over received for decades... :-( Thereby leaving this camp site deeply indebted...:-(
I will never understand why you think that is acceptable.
I don't know if we have ever been a low debt country, and people have always groused about it, but they always do it in the abstract. They don't talk about the specific choices we have made the ha ve resulted in the situation we are in, and they don't understand the complex natiure of the problem. Debt isn't one thing, it's two. It combines spending and revenue, two very different things.
Social Security isn't the problem, IMO. We are in the rainy day period all of us have been saving all of our lives for. We have been putting in more money than we have been taking out. We knew the demographics would change as the baby boom generation aged. That's why the program was modified in the 1980s. That in itself was quite remarkable. It's hard to fix a problem for 40 years, but that fix has worn out, and for a lot of reasons we are very different country then we were in 1985.--Hiram
We have a debt because it is in no one's interest not to have one. Nobody in DC hires a lobbyist to get their taxes raised or to get the amount of money they receive from the government reduced. But if the debt is going to be a priority we need to start talking about the way and speak to the issues that bring it about. On the federal level, we s pend money on two things that matter in financial terms; health care and national defense. If we are going to reduce spending we are going to have to reduce the things we spend money on and those are it. We can do that. Anyone who has experience in health care knows we can reduce a vast amount in what we spend. A vast amount of money goes into making hospitals into nice places, money that isn't related to providing health care. We can stop that. Should we? As for national defense, Trump says American should be first, that we really don't need Europe. Is he right? Should we withdraw from the world, as we did for much of this country's history? If debt is a priority we are going to have to have that discussion and we are not having it now.==Hiram
I think that is my argument... I do believe we need to cut spending and raise revenues. (ie stop being selfish and greedy Americans) Unfortunately I am in the minority. :-O
Yes we were a low debt country before and after WWII. It is mostly the last 46 years where we lost our fiscal responsibility as a nation...
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