First Blog

 10/5/22. This very day the national debt hit $31 trillion, comparable to credit card debt as there is no equity involved. Many discount this as insignificant, but is it? The total income to the government is about $4 trillion annually. This means the government owes almost 8 times its income. Forget the $4T is almost totally encumbered, i.e. spent. Let's now measure this debt in comparison to your debt. Suppose you make free and clear $100,000 annually.  Suppose you owe in credit card debt 8 times this amount. Your debt would be $800,000. (Your house and car, as equity, don't figure in.) Most people would consider a revolving credit card debt of $10,000 as huge to the max.  Now you have a personal idea of how much the government owes.  It also tells us why the Fed doesn't want to increase interest rates to curb inflation. An increase of just 2% in the prime rate requires the government to pay more than $600 billion in additional interest - each freaking year! Translated th

  All people want to feel good about themselves. Many are poor and many are rich, but all want that same feeling or sense of value, importance, independence, and well-being. These are the “highs” of life. Hard work, even if not well paid, gives these senses. Achievement gives the same. They allow the natural down turns and down days everyone has. Achievement modulates depression. Achievement stimulates well-being. Drugs give an artificial high without work, achievement, or anything else. It’s temporary and chemical. It ends quickly, but more drugs boost the spirits high again. A cycle. Welfare is similar. It gives the illusion of value simply because you can pay for food or other needs. Like a drug, you can become addicted to this easy cash*. Your sense of value disappears, and you become dependent on your provider. As you need more, you are re-cycled. *You may see this all around your world. My first experience was in grad school with Teaching Assistants, grad students teachin