analyticsbox | Sep 21, 2021
Current D.C. Policy is Killing the U.S.
America was founded by statesmen who were interested in developing the country based on logical reasoning and responsible fiscal policy. The constitution they developed has stood the test of time and with the principals they incorporated, the United States has become the most advanced country the world has ever known. It is based on individual freedom, private property, rule of law, and provides incentives for its citizens to work, innovate, and create more and better goods and services for the populace. It has worked amazingly well.
BUT, things have changed in the recent decades. As Thomas Sowell, a contemporary economist noted, “In recent decades, we have been changing policies that worked, for policies that sound good.”
In our zeal to redistribute money, we have instituted fiscal policies that just don't work, that have led to deficits and federal debt beyond imagination (see Facts No Spin Newsletter # 4). Maybe the intent is good or my cynical side agrees with the comments by Tocqueville 200 years ago. He noted that the republic will stand until politicians realize they can bribe voters with their own money. They are just buying votes by promising ‘free’ goodies, paid for by others or debt, actually both. We know that nothing is free, it is just a matter of who pays the bill.
Just how much of other people’s money are voters entitled to? Redistribution has been going on for decades and now is escalating out of control. Let’s face reality, the US is broke and getting broker. It is imperative that we deal with fiscal insanity before it is too late!
THE BOTTOM LINE
Fiscal insanity is accelerating and it is true for almost every country on this planet. We are rapidly strangling the goose that laid the golden egg. Big government, slows growth, big debt will someday do us in. We must fix it now or serious problems are headed our way soon! We may be the brightest bulb on the tree, but it is dimming rapidly.