Economics is Key To Security or Downfall
Our country has played a key role in helping to establish and maintain freedom and security throughout the world. For instance, the U.S. accounts for over 40% of military expenses. Are we ready for another country to lead the world? The U.S. has been a major player in the World Bank, in the United Nations, and the list goes on and on. The merits of these organizations can be debated. However, that isn’t the point. The question is, what has enabled the U.S. to at least strive to be such an important force for good throughout the world? Our belief in liberty, justice and freedom for all. Our own economic security. Values and resources. A country can desire to do a great work, but if it does not have its house in order, unless it is economic strong, it loses its ability to help others – let along to protect itself.
The worst thing our country could have done is to create a debt. Should there have been a constitutional amendment outlawing a national debt? Look at the consequences today because we have trusted politicians. We have become entitlement oriented and now expect future generations to bail us out. Politicans have put their interests first. What would George Washington say today? The debt we have run up is incomprehendable. Republicans and Democrats point fingers at – but at this point it makes no difference. It is what it is. They have both done the inexcusable. They have put future generations into bondage. Where is true leadership today?
Economics should be simple. Having so called “economists” run around advocating we borrow more money defies anything that can be thought of as common sense. Good economics is spending less than what you make and saving the difference for a rainy day. It is that simple. There is no excuse for a deficit. There is no excuse for a debt. With the economy we have our country should have a sizable surplus that we use wisely to better the world.
A second simple economic principle is to invest only in those things that give you an acceptable return on investment (ROI). The other day I was at Flaming Gorge in Utah and Wyoming. The construction of the dam there was begun in 1959 and finished in 1964. The cost of the construction and ongoing costs have been recovered, people have received an invaluable services – electrical power, and there is an ongoing profit that is reinvested towards the national park.
Throwing stimulas money around thinking that it will revitalize the economy is irresponsible on many levels. The money isn’t even being spent in most cases with a focus on ROI. This simulas money does little to sustain a huge economy in the short-term, it creates debt, it puts us into bondage, and it becomes a terrible eroding force.
The entitlement mentality is one of our country’s worst enemies right now. The question is, who is going to pay the bill? Our children? How bankrupt are we? Where are our values? How digraceful have we become? Debt, entitlement – all lead to a black hole. There is no magic to pull us out of a black hole. It will take every bit of focus and discipline we can muster. We have two choices: 1. address the problem head-on; or, 2. pretend it doesn’t exist and get sucked in.
Economics is Key To Security or Downfall
For more information on U.S. economic trends go to government income and expenditures
Economics is Key To Security or Downfall
U.S. Scorecard 