"Not since World War II has America spent so much money so quickly. In the last two years, the United States has run up deficits that amount to a combined $2.5 trillion dollars -- almost a fourth of all the debt the nation has taken on in its entire history."As Fox News proclaimed today, the government is spending money as quickly as it had during World War II. This idea would trouble the conservative spenders, who dislike deficits and understand basic economic principles. The said fact is that most students learn that World War II led the United States out of the Great Depression. The logic then becomes that this is a good thing for the country. But is it really good?
America's Deficit-Spending Spree Raises Alarms - Fox News
Let take a good hard look at what the result of these policy will lead. The youth of America will owe China and other friendly countries big bucks. The American dollar will be depreciated, like during the 1930's and 40's to reflect the large amount of cash in circulation. I know we all can't wait until and Hersey's Chocolate bar is $2.50 and a Coca-Cola is $3.00 at the Dollar Tree! Why would this be?
Basic economic law states that the more a good (money for example) is in the market, the lower the value. So, American money is being increased while those with the powers to end the mess (the Republicans under Bush and the Democrats under Obama) have done absolutely nothing to stop the spending. Ben Bernanke, continues to give the US government unlimited IOU's.
The Economy will correct itself, the longer we delay the inevitable, the worse it will be. Example, the Great Depression. The Great Depression shows us the fruits of the Federal Reserves labor. Past Recessions pale in comparison to this bust because the powers that be understood that when the government has control of an economy, such things will happen. The modern American is so concerned with the comfort of TV and Radio and Video Games that they are not willing to allow the economy to work.
"The Republican need to save us!" In the election year, the Republicans under Bush were willing to bail out anyone (unless you were the competitor for the Secretary of the Treasury's company!) and everyone. They lost, because the policy were going to fail! (and did)
"The Democrats need to save us!" After the Republicans failed by increasing speeding, the Democrats attempt to try the same thing! It like they actually wanted the Republicans to loose in order to do the exact same thing. The Democrats mixed it up a bit, they increased internal government spending along with giving the Banking and Auto industry money.
I guess we need to give up on the Democrats and Republicans, because they can't seem to figure out what every American family facing foreclosure has discovered – when a person, company, government, increases their spending without increasing their revenue they will face bankruptcy, other forms economic failure, or a combination of the two.
So, what does this have to do with Constitutional Thinking?
It is impossible for the Constitution to function properly if the people do not hold their elected officials accountable. The only way a person can hold an elected official accountable, is by threatening them with lose of office. But, as this situation has shown, the Democrat and Republican Parties show very little difference in policy choices. The only way we can get into their head that we, the People, do not want this spending, do not want this lifestyle, that we do not want to pay for the education of the Chinese and Iranian children with our tax dollars is by voting for third parties.
Libertarians, Constitutionalists, etc. They have not yet been corrupted by politics, and might be a way out politically.
Sources
http://www.foxnews.com/politics/first100days/2009/02/20/americas-deficit-spending-spree-raises-alarms/
Politically Incorrect Guide to Capitalism written by Robert P. Murphy
Politically Incorrect Guide to American History written by Thomas E. Woods Jr.
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