Saturday, June 19, 2010

Give-a-ways

We, that is the US government, just paid $158,000,000.00 to the country of Brazil to settle a lawsuit. While this only amounts to about 50 cents apiece, it disturbs me. It disturbs me for several reasons. first all, we do not have the money. We are broke. We must borrow the money. Every dollar borrowed from Americans means one less dollar for investment in productive ventures. Also I wondered what benefit do we derive for this transfer of funds to Brazil. It turns out that we have broken an international agreement in subsidizing American sugar producing companies. This benefits us by allowing Americans to pay higher prices for anything that uses sugar. and of course we are all in favor of higher prices. We are now allowed to borrow another $3,000,000,000.00 (that's 3 BILLION or about $10.00 each) to give to the American companies. Our option was to let tropical Brazil impose import taxes on our goods, making us non-competitive and thus increasing our unemployment rate. We have borrowed about 50 billion dollars over the past several decades and now we must borrow another billion or so to pay the interest on the money that we borrowed in order to give away so we can pay more for sugar. Don't blame this all on the democrats. Republicans support this programs. Maybe I was harsh. I should not have said democrats and republicans. I should have professional politicians. It is time to do away with the incumbents. Replace everyone who has spent three terms and anyone who has voted for any earmarks. Why don't we produce crops in which we have a comparative advantage the world market needs like corn or soybeans.

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