I got a phone call today from somebody representing a presidential hopeful. I don't like taking phone calls while driving, and I drive all the time. So I said no. She asked me to answer just 1 question: which one is the most important issue? Military strength, Gas prices, or Health care?
I answered: "I would put deficit at the top." When deficit spending is in trillions and GDP is in billions, you know there's something wrong. Those of you who are serving debt knows that a lot of resources are being spent just servicing the debts. And if you have a lot of debt in proportions of your income, then there's a good chance you'd go bankrupt.
Except that nations don't go bankrupt. They'd just print more money. That means inflation. I can just see it that somebody would suggest printing a few trillion dollar bills and wipe the national debt that way. The problem is that to make good that kind of foolish amount, we may have to sell a few islands, such as Ellis island, Manhattan Islands, or Hawaii Islands. Either that or create a humongous rate of inflation just like Germany did during WW2. Not pretty.
The problem here, of course, isn't that we inherit the earth from our parents, but that we borrow it from our children. Social Security won't go bankrupt. It's just that either money will be pittance, or Social Security taxes will be increased. Which one? Just take a look at history: which was more often? Benefit cuts or increased taxes?
Trade deficit is like dealing with the devil. I'll give you money now, but when it's time to collect and you can't pay, then I'll have your soul! A debt is a bind. A chain that holds you dear. We know this, yet still we spent too much money on useless things.
Personally, my eating habits and entertainment doesn't change all that much with salary increase. I'm putting money now to buy a house. Certainly, I want nice things, too, but get real. I'm too busy working 11-12 hrs a day to have too much fun. I don't need fast car, just a good clean one that can hit the speed limit. If I splurge on anything it's books and magazine. I think I bought too many books lately. Used to be that I bought some once per month, but it's been once a week of late. Mostly technical books, though. I call it "research". I'll be picking up a new hobby or two later this year.
That's really investing the future. Not too many people do that. Not while over 60% of business school graduates admitted to cheating on their college exams. They'd rather have empty skills with fake certifications instead of real, up-to-date knowledge without a school name attached. I want usable skills!
So here we are with tremendous debt load and what those presidential nominees are talking about is how to spend more? Don't they care about debt anymore?
The downfall of economy is really those lazy people being stupid, not illegal immigrants. Imagine good honest American people losing to a bunch of stupid illegal immigrants. They don't speak English and we lost to them? How embarrassing! Instead of admitting stupidity, however, we'd just blame them and kicked them out. Guess what? The jobs went out with them to India, China, Korea, just to name a few. Who gets the job done?
That Reaganomic promises prosperity, but only if we increase our productivity. That didn't happen. I'd like to see a plan that would address this issue.
The one word question is: DEFICIT. The one word answer is: INFLATION. I'd like to see a presidential candidate who can give me an answer I can plug into the calculator and end up with a positive number at the end.
Inflation is a destroyer. Oil prices will increase, certainly. Military strength will be reduced to peace keeping missions as patrols being cut back due to lack of operating budget. We spent $50,000 per day per ship out. As for Health Care? I predict skyrocketing fees since it's purely domestic without other nation's influence, and 30% of it is shuffling paperwork anyway.
You can give bad people Heaven, they'd just turn it into Hell. That's one deal I definitely don't want to see happening. How about stop worrying about image and start saving the planet?