Money is getting tighter, unemployment is on the rise, and our national debt is in the double digits…in trillions of course. It comes to no surprise that we are in a recession. Some of us have no idea how we got to this point, but others are shaking their heads and wishing they were policy makers. But this is not just a problem for us, right now, in the present; this burden will be passed onto the next generation if we cannot fix the problem now.
How did we even let our debt get to this point? The two main causes are national debt and borrowing from other countries. In December of 2008, the wars in Iraq and Afghanistan cost United States tax payers about 1 trillion dollars. That’s twelve zeros (1,000,000,000,000)! Politicians in the past have foolishly lead the citizens of the U.S. in the dark about the real economic difficulties we now are dealing with. Our taxes are going to increase, social security may disappear for the elderly, and who knows what else.
What is done is done and there is no going back in time to make those critical decisions over again. But what we can do is educate ourselves on basic economics, and learn it well enough to then pass it on to the next person. We need to have U.S. companies provide jobs for people here. In that way, our economy will benefit because after earning money, citizens will turn around and most likely spend money locally. We will start having a booming economy again, as long as the businesses are sticking to modern ideas. The world calls for being ‘green’. Perhaps with the new presidential administration this will be possible. Maybe the government can even offer big corporations special incentives by providing jobs for U.S. citizens. Who wouldn’t mind a tax break here and there?