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Friday, March 18, 2011

Economics 101 or stop the rationalization

                Let’s clean up our own back yard before we start on our neighbors.
How can we afford to build roads, bridges and dams in Afghanistan, Iraq and around the world but not have the funds to do it in Texas, New York, Nevada and the rest of our country? Well the answer is we CAN NOT! The real cost of a project in a foreign country is far more that it appears to be. If we spend one million dollars abroad we have lost that one million dollars (plus the interest we pay China for the cash). However,  if we spend that money in the U.S.A. It cost us nothing. The logic is this; “ What happens in Vegas (or any USA city) stays in Vegas.”   That is not all. We have lost the jobs, the profits to American suppliers and the taxes that feed money back to the government. Spend it on foreign soil and our economy is bled. Spend it at home and it is nourished. We can stop this drain of our nation’s wealth (i.e. your wealth and your children’s wealth.) only If our representatives listen to our collective voice. We should write, call or visit our representatives in government so they know how to represent us.  Our own back yard needs help so let’s start at home before we work on the rest of the world.

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