After taking a number of courses in economics, finance, accounting and even management, I am often dumbfounded by the actions of our elected officials. There seems to be no rhyme or reason to the decisions they make. They have the mentality that I had when I was 10 years old, which caused me to ask my mother, "why don't we just print more money to buy the things we want?" She responded by explaining (very simply) that the more money we print, the less every dollar is worth. I walked away with the knowledge that inflating the dollar isn't a viable option to pay for things I couldn't afford. Why doesn't the government practice the basic truths we teach our children? How can you justify asking for more money than is available in the entire planet's financial markets, just to pay for things you want? The more I learn about what we are doing as a nation, the more sick I become. Why is an elementary knowledge of economics absent in congress?
I've always been annoyed at those who claim to "hate the government" but now I am simply mad because of the reasons they always cite. I'd rather live in an imperialist nation than a nation governed by complete disregard for the future. As long as we were an imperialist nation who looked ahead further than 60 days.
I can't stand the health care debate. This new "Cadillac Tax" is a perfect example of how the government crowds out the private sector when they become involved. We have all sorts of anti-trust law to prevent businesses from gaining monopoly power, but the government won't even attempt to compete without using the bureaucracy to make the playing field a bit more uneven. President Obama claims taxing high-end health insurance plans will hopefully get people to come to ONE source for ALL of their health care needs. They already get to pass through all of the business hurdles with their "government" status, the playing field is already uneven when you compare business with the all powerful government. This is obvious in looking at interest rates. When interest rates go up, businesses and households stop borrowing. When interest levels go up, the government keeps borrowing like nothing has changed.
They've given us all a share of the national debt over $100,000 a person, which amazes me when I think of how little we got in return at that price. As a college student and recently married 23 year old, I'm a little more than concerned about what happens next.
I have always been one to stand up for the USA when people start to mock us, but I can no longer stomach doing so until we make great changes in our policy. I'm tired of being physically ill in class while we learn about inflation and the fiscal policy of the USA. It is a terrifying time to be alive, but I suppose it has always been terrifying to be alive.. And while we're all going to end up taking it in the shorts, There is very little we can do about it right now. First step is to START APPLYING THE KNOWLEDGE WE LEARNED AS CHILDREN! Stop buying things we don't need at prices we can't afford. Don't ask for a handout at the cost of everyone else. Don't vote for people because of the promises to "help" you out in return.
Study economics and understand supply and demand. While you are at it, study the great depression and pre-WWII Germany. The only way out of our current situation is serious inflation..