If there is no struggle, there is no progress.

- Frederick Douglas

We Are Killing Ourselves

In any economy, it is unwise to prop up failing businesses because you are simply prolonging failure and postponing solutions, but what are the politicians going to stop spend money you, your children, your grandchildren, there grandchildren have yet to earn?

$1,000,000,000 in cash for clunkers, then $2,000,000,000 more. AIG is up to ~$180,000,000,000. Fannie Mae was a $85,000,000,000 hole, but...you guessed it, they need more money, just another $10,700,000,000.

In economics you learn a very simple rule that applies to all of life: You get what you pay for. If you pay for failure, you are rewarding failure and get more failure.

Your politicians, on your behalf, are investing not in greatness but failure, so you can be assured we will continue to get the failure we desire. Now, if we allowed failure to mean something fails and success wins, your friends would be able to pay their bills and we could have a successful, growing economy.

posted at 18:52:25 on 08/06/09 by clearpolitics - Category: Economics - [Permalink]

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The Gross National Debt