I must say, sadly, that the level of
economic ignorance I've seen in a goodly portion of the American
populace is mind boggling. What's worse is that some of that
ignorance is willful, meaning the ignorant want to be that way. Why
bother to learn how things really work when one can stick by long
discredited and disproven talking points in regards to economics?
There's no need to think, no need to question. And that's a shame.
This same ignorance must also apply to
basic arithmetic skills. How else can we possibly explain the
doomsday scenarios portrayed by the White House, the usual Democrat
suspects in Congress, and the Lame Stream Media in regards to the
sequestration? The same sequestration put forth by the very same
president who is now condemning it?
I don't know how many harebrained
'explanations' I've listened to or read in newspapers or in the
various blogs or forums on the 'net about how taxing the hell out of
people will somehow save the economy. They really don't get it,
really don't understand that when you pull increasing amounts of
capital out of the economy in the form of taxes, the economy suffers.
They really don't understand that greatly increasing government
spending, particularly when you borrow the money to pay for that
spending, is a no-win situation for everybody. Eventually the bill
must be paid or the flow of money disappears. The really don't
understand that spending cuts and decreasing the rate of increased
spending aren't the same thing at all. They really don't understand
that $85 billion is a very small percentage of the money the
government spends, about 2.3 percent of all government expenditures.
They don't understand that a reduction in the expanded government
spending by that same 2.3% is a drop in the bucket. But to listen to
some folks, it's the END OF THE WORLD!!!
It's amazing what the gullible and
willfully ignorant will believe, especially when it comes from the
Empty Suit/Used Car Salesman sitting in the Oval Office. It disgusts
me.