How much?

In my last post I talked a little bit about my childhood, I’d like to expand on that a little bit.

One thing I was taught fairly early was something that is really only common sense and should be glaringly obvious: You can’t spend your way out of debt! This is something that apparently is a very foreign concept to those people we entrust our financial well being  to.

This country is so far in debt that I don’t see any way we’ll ever be able to recover, and yet the liberal left, the “progressives” are wanting to pile more and more debt on top of our already insurmountable debt. Not only do they want to expand Medicaid, now Hillary has taken on the “Bernie” mantra of “free” college for everyone. My one, incredibly BIG question is: Who the hell is going to pay for this? Someone has to. I doubt that, even though it’s “just” community college, this will be done by the institutions for free.

Do you honestly think all the professors will “donate” their time and knowledge? Not a chance. While they may sit in their “Ivory Towers” and be very, very good at telling you how you should be spending your money. When it comes to giving their money away, that’s where they draw the line. It’s funny how the liberal left is real good at telling everyone else how they should be spending their money. It’s also really ironic how the uber-liberal Hollywood elite rail against the filthy, disgusting one percenters while most of them are themselves, one percenters. Can you spell hypocrite? It also never ceases to amaze me how their star blind fans turn a blind eye to this hypocrisy. These are people that you chronically see in bankruptcy court or being investigated for questionable tax filings.

We need to get the proper people in office, ones who WILL make the right, hard financial decisions to get this country back on course. If we don’t, in a few short years we will be carrying bushel baskets of paper money to the store just to buy a loaf of bread.

You don’t think it could happen to us? Germany in the 1920s Argentina in the 1970s, Zimbabwe in the 2000s and Venezuela today. It was so bad in Zimbabwe that they were printing 100 TRILLION dollar notes, and they were literally not worth the paper they were printed on! Inflation was running 80,000% a year (that’s not a typo). They finally gave up and now have a multi-currency economy. Included is the American dollar. When the Zimbabwe dollar was finally demonetized and withdrawn from circulation, the official rate of exchange was 35 QUADRILLION Zimbabwe dollars to ONE American dollar!  In the 1990s their currency was denominated like ours 1, 5, 10 etc. Once hyper-inflation takes over, it doesn’t take long.

100 trillion

One thing you need to understand, the government and economists too, want you to look at the cost of living as “things get more expensive”. That way, there’s nothing that can be done about it, things just cost more.

But when you think about it, that argument doesn’t hold water. Nothing was done to make it more expensive, they didn’t add anything, they didn’t start suddenly using better quality materials, it didn’t suddenly take more manhours to produce and on and on. The way you need to look at rising prices is things are getting more expensive because the American dollar is worth less and less. This can be tracked directly to failed government economic policies.The trying to spend our way out of debt.

As long as the printing presses are running, trying to fulfill empty “have your cake and eat it too” economic policies, we are headed towards economic Armageddon and I see nothing on the horizon that is going to stop it.

 

 

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