Economic Terms
There are a few economic terms that I just love…
Rational Ignorance – You spend more time choosing you TV than your elected officials.
Diminishing Return – When you’ve gone past any more effort being useful.
So I now propose “Ignorance Returns” as a new term. Since both are important to understanding our government.
Ignorance Returns – The reelection of Congressman, Senators and the President. Or that we allow the same people who voted them in to vote again.
Oh, did I mention we all owe $36,000 person, we are spending too much, that we are out of money, are printing money so fast it will cause inflation, that we will be $20 trillion in debt 10 years from now, are close to loosing the AAA rating the US has, probably going to bailout the fiscally irresponsible states (California – I’m looking at you), have a $50 trillion future expenses, the world is discussing not using the dollar as the global standard and nobody knows or gets why this is bad?
But never mind, your kids will pay for this… and their kids…. and their kids… and their kids.
They will pay the debt. They will pay with a ruined economy. They will pay by no longer being the world power. They will pay by reaping what has been sown by a hundred years of US diplomacy, military supremacy and economic dominance. They will know what it is like to be the weaker party.
Eh… who cares as long as we get our stimulus check, the next iPod and can text our vote into American Idol.
Ok rant over….
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