I Believe We Have A Serious Problem With Our Congress
Stop now if you don't want to read a political rant.
I have a serious problem with the economic machine that is our two-party congress. Every few terms we switch between the Dems and the Repubs having control and favor.
When the Dems are in power, they tend to increase government spending and increase taxes in order to pay for it. When the Repubs are in power, they tend to lower taxes, but they fail to also lower government spending, so we're forced to borrow money to make ends meet. They'll supposedly try to cut the budget, but they'll always fail, knowing that even if it is the right move, it would make them unfavorable amongst the people who are in the receiving end of government spending.
After a few of these cycles, a pattern will emerge. Taxes will merely oscillate in a bearable range, but government spending will always increase, and as a result we'll always end up with more debt and a big deficit in the budget. Every time that the government borrows money to pay for the deficit, we get inflation, which ends up causing wages to effectively drop across the board and puts us in an even worse spot than we would be had we just increased taxes.
When will someone say enough is enough? Will we ever cut spending? This nonsense wasn't possible until the government decided to stop tying our currency to gold.
/rant
I have a serious problem with the economic machine that is our two-party congress. Every few terms we switch between the Dems and the Repubs having control and favor.
When the Dems are in power, they tend to increase government spending and increase taxes in order to pay for it. When the Repubs are in power, they tend to lower taxes, but they fail to also lower government spending, so we're forced to borrow money to make ends meet. They'll supposedly try to cut the budget, but they'll always fail, knowing that even if it is the right move, it would make them unfavorable amongst the people who are in the receiving end of government spending.
After a few of these cycles, a pattern will emerge. Taxes will merely oscillate in a bearable range, but government spending will always increase, and as a result we'll always end up with more debt and a big deficit in the budget. Every time that the government borrows money to pay for the deficit, we get inflation, which ends up causing wages to effectively drop across the board and puts us in an even worse spot than we would be had we just increased taxes.
When will someone say enough is enough? Will we ever cut spending? This nonsense wasn't possible until the government decided to stop tying our currency to gold.
/rant
