Economics 101

I don’t usually link to articles that don’t somehow relate to personal finance, unless it is an article/post that deals with the national economy. Today I came across a very good article written by Lance Burri at Right Wing News. The title of the article, “Keynsian putzery“, almost caused me to skip to the next post. I don’t even know what Keynsian putzery means, but I am glad I didn’t skip this one, and I hope you will read the article also.

The best quote from the article:

what we’ve done over the past couple of years has had great bearing on our long-term problems. What we do “over the next couple of years” most certainly does have bearing “on our ability to deal with these long-run problems.”

Mr. Burri hits the nail on the head with this one, but I want to inject that this is not a Democrat or a Republican problem. This is a United States of America problem that both Democrats and Republicans have had a hand in making.

However, the problem isn’t unique to the Federal government. The majority of families that have found themselves in trouble financially took years to accumulate the amount of debt they have. Some will say the hole is too big to get out of and simply give up. They need to understand that years of bad mistakes can’t be corrected overnight, but correcting the problem does begin today.

It begins with sacrifice. It begins when we realize that the government can’t (and won’t) fix our problems. It begins by deciding today that you cannot continue living like yesterday. The decisions you make today will influence not just your own future, but the future of your family.

When the government realizes that correcting the broken economy means that we can no longer spend money we do not have, we will begin the journey, as a country, to correcting our broken economy.