There's Nothing Common About Sense

If you only had 15 dollars in your checking account, would you go out and spend 30 dollars for dinner? No, of course you wouldn’t. Common sense dictates that we cannot spend more money than we have. So why do we believe our government when they tell us that we can “Spend our way to prosperity”? This applies to both our Democratic and our Republican leaders. President Bush claimed eminent catastrophe unless we bailed out Bear Stearns. President Obama claimed the same thing would happen unless we bailed out the banking and car industries. The only thing that was accomplished was to delay the inevitable. By circumventing the natural consequences of bad business practices, we merely enabled these practices to continue and allowed the government to further work its way into the private sector. Disaster averted, but for how long and to what end?

Let’s talk about the economic stimulus packages. Bush borrowed money from China in hopes that distributing this money would inspire Americans to go out and buy things, thus stimulating the economy. While nobody I know failed to cash their checks, what exactly did this accomplish? Sure, many Americans went on shopping sprees and paid bills with their money, but what happened when the money was gone? We were right back in the same place where we started. So wouldn’t common sense tell you that the economic stimulus created was actually false? Obama, rather than using borrowed money, decided to stimulate the economy by giving stimulus credits. This met with the same end as what Bush had tried to do. Isn’t the definition of insanity; doing the same thing over and over and expecting a different result? Look at reality, you cannot create false market and expect it to be sustainable. Simply saying that something is worth 400,000 does not make it so anymore than sticking feathers up my ass would make me a chicken. At some point, it will come crashing down. All the government control and intervention will not be able to stop it. So why are we sitting idly by while our government is leaving us to foot the bill for their insane attempts to maintain the false value of the market?

Wouldn’t it be safe to say or even assume that if a financial strategy would not work for your household, it also will not work for the government? If you have credit card debt and you only pay the minimum amount due, the interest compounded will soon add up to an amount that you just cannot repay. That is about where the American economy is right now and instead of demonstrating fiscal responsibility, they are still trying to grow the government at our expense. How does this make sense?