Debt Ceiling, The Basic Issue

With respect to the default on U.S. debt, government spending is too high. The economy cannot grow fast enough to pay everything that is owed. If government spending is not cut, no problem is solved. Government is shut down because spending is so high that it is impossible to collect enough revenue to cover our obligations. Contrary to common belief, government spending does not stimulate the economy. All it does is allocate resources inefficiently, insuring an eventual depression.
The basic problem in economics is that there is never enough of anything for everyone to have all they want. Assigning a task to government does nothing to change that basic reality.
Anyone who is not focused on this basic problem has an agenda other than solving the budget problem. There is no solution other than cutting government spending.

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