2011-08-07

An Optimist's Take on the Down-Grade

This is what the US government doesn't want you to know about their downgraded bond rating: The economy of the United States is entirely independent of the federal government's bond-rating status.

We are the people. We do not require federal funds to have a healthy economy. If we want a healthy economy, all we need to do is come up with ideas, produce them, sell them, and improve our conditions.

Sometimes I think that some of us have effectively "out-sourced" our economy to the federal government. What it says, goes. If we want jobs, we ask Gub to do something to "create" them. If we want better access to health care, we ask Gub to pass regulations that "provide" it to us. If we want to buy a home, we ask Gub to offer us a preferred lending rate. We need to stop this insanity.

Look, this is really good news. It's a good thing to know that the US federal government can effectively collapse, and we'd all be okay, economically speaking. It's a good thing to know that no matter what kind of games they play on Capitol Hill, all any of us really needs to do is keep producing valuable resources and bringing them to market. We don't need those jokers. They can't really hurt us unless they resort to despotism.

Despotism is a credible threat in the short run, but in the long run the American people will never go for it. They will reject it completely. This is why I am not too concerned about that. But Gub's constant encroaching on every aspect of our lives is getting exhausting. And frankly, we are the ones to blame for that. We honestly believe that it's up to Obama and Boehner to "fix the economy." Hogwash. You hold the key to the kingdom in your very hands, if you will but use it.

Let the federal government's ability to take on debt completely collapse. We don't need it. Our economy is in our own hands. That's good news.