- Published on Friday, 20 April 2012 23:03
- Written by Super User
By CHARLIE ALLO
Many people are having problems with evaluating the state of the Nation’s economy and what needs to be done to put it on an even keel.
There are a number of diametrically opposing forces that are being applied to the problem with various degrees of success or failure.
One of the major forces is related to where the responsibility for this stabilization should rest; one camp suggests that the responsibility should fall on the Federal Government, while the other position contends that it should be resolved by giving the individual the freedom to accept the responsibility for righting the economy.
It’s impractical to completely eliminate the role the Federal Government plays in managing the Nation’s economy, but evidently it is unwise to allow it to have as much control as its been exercising over the economy.
Most of the problems have been created by the government throughout the Nation’s history.
The Government has suggested that its intervention was necessary to protect some segments of the population, but its intervention has always lead to an expansion of bureaucratic agencies and regulations; all of which has contributed to extracting more capital from the individual taxpayer and private sector businesses. The
Government’s economic policies are impacting all levels of the private sector that have the ability to contribute to the Government’s programs.
The Nation’s debt is growing each year, and there are no sound solutions to bringing this trend to an end.
The planned expansion of government service programs to help some segments of the population that cannot afford to pay for these services may be a laudable concept, but the money needed to accomplish this is not in the treasury; this means the Government will need to raise even more taxes, which will push the country into a depression.
The Government is unwilling to consider any major cutbacks in the bureaucracy or the massive regulations that are impeding the growth of businesses in the private sector. The mindset of the Government appears to be that it can allocate the taxpayer’s money better than the taxpayer.
Given the continuing reports presented in the media, one would have to question the validity of the Government’s position. These revelations are not unique to the current administration; they are an indictment against government’s ability to manage programs in a fiscally responsible manner.
The electorate need only look at a number of other nations around the world that have already gone over the brink with their finances because they have employed the same political policies that our nation has been applying for some time.
They are called political policies because they are not fiscally responsible policies; they are related to the acquisition of power and have no relationship to fiscal responsibility.
The electorate will be casting their votes this November; it is unclear at this point as to how they are going to vote, but one can only hope they are not so deluded that they believe that the government is improving or expanding the safety net.
The safety net is an illusion; it does not exist. One has to question what is being presented by the politicians.