Government Debt is Good for the Economy???

16. March 2010 by admin.

I shouldn’t watch YouTube videos.  Yesterday somehow I got to watching a video about a congressman being interviewed.  He said that USA taxes were voluntary.  However, it was mandatory that you pay your taxes.  If you did not comply with the mandatory law then you would be forced to pay.

Boy what a mis-use of words that was.  Then I watched another video by yet another brain-dead congressman stating that Federal debt was a good thing, that it showed strength of the economy.

The interviewer kept asking about the interest on the debt and if that was hurting the USA economy.  Of course the congressman could not get the interviewer to see that government debt was different from personal debt and that it was OK to have to be paying billions in interest and not to worry about our growing debt.  In fact we should borrow another couple trillion dollars to help spur the economy.

I guess I should have taken economics in college so I could understand his logic.  Instead I majored in math and psychology.  In my math classes I learned that 4 minus 12 was a negative number and not a good thing when those numbers denoted dollars.  If the result was a negative then it represented a loss and I would need to get a second or third job, sell some of my “toys” and put my wife and kids to work as well in order to get out of debt.

The government, not having to live by the same rules of mathematics, has easier ways to get out of debt.  They can raise taxes and print more money.

In the early days when a person was in debt they were thrown in jail thus making it impossible to repay their debt.  Perhaps we should exercise the same formula with governments who overspend “OUR” money and throw them in jail.  At least that would keep them from spending more, taxing us more and printing more money.

Of course, we can’t actually throw them in jail, that would be too humane.  We should, instead, vote them out of office and take away all of their benefits.  Yes, we do run the risk of voting in new scoundrels.  Perhaps the next group could be given the ultimatum of either follow the Constitution or we remove them immediately.

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