Politics and Economics
Politics: the Art of how
resources are shared (someone said the Aristotle said this). It
really makes politics sound easy: whose gold is it? whose land is
that? who has rights to the waterhole? Etc, etc.
Economics is something else
altogether. I do not have a succinct definition for it, but we all
know it is the study of resources and how they effect society.
Our national debt is one
resource that is in the public eye because there is so much of it and
controversy. Like the laws of the United States of America, there is
not a definitive book or source of information about it. You know it
is there and some have an idea of how much it is and how it
accumulates, but just how much it is and who it is owed to is
ambiguous.
It is obvious what our
national debt is for: to pay for stuff we want as dictated by our
representatives in Congress. The politics comes in here: do we pay
for a war? do we pay unemployment? do we pay for medical assistance
for poor people? The problem is that we approaching the point of
inability to service it. ('service it' means to pay the interest on
the principle) That creates the political problem: How do we pay for
what we deem socially good? And How do we pay for the national debt?
Comments
Post a Comment