Last week or so I was perusing yahoo reading a story on the economy and the recession, and all the lessons that we have learned since then and how we have grown and evolved past that moment in time etc, learning from our mistakes.
That we have learned from our greed, have learned to not go into debt and to be more smart with where we spend our money, and how banks spend their money.
Now this is another long term example of something that has been bothering me for a long time now, the hypocrisy from our current government on this issue, and certain government officials.
Now to me, right now, this is an unintentional hypocrisy on the part of economists and the author(s) of this article. They are blameless (I will assume) in this, after all they do give good advice. We do need to learn several crucial lessons from this crisis and its after math, many of them listed by these economists.
But the question is: Why do these very same very sensible rules also not apply to the government?
You have many people (that I talk to often) talking and condemning the excesses of Capitalism, but not of the federal government.
Merely, that the same rules should apply to the government. Extravegent spending beyond your means, paying for something when you do not have the money, getting into debt, and getting indebted to others.
All things that popular media and history have warned us about for time unremembered, but yet the fed has a nasty habit of doing these things. No matter who is in power, getting us into debt and spending extravagantly on themselves and their own corrupt projects instead of for the things that they are supposed to.
That we have to live with limits, but that they do not and they can even live high off the hog, spending all the money that they want. Does this make sense to people?
To have these unsustainable practices that if we engage upon them privately are bad, but when the fed does them they are suddenly…sustainable and right.
I think not.