The National Debt Is A Great Thing

The National Debt Is A Great Thing

Getting rid of it would be an absolute disaster.
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A couple of months ago I published an article claiming that the national debt wasn't a problem. But that was before I learned the realities of our monetary system and how it actually worked. I later realized I was wrong. The national debt isn't just a non-problem, it's actually a virtuous thing that has done incredible things for this country. Getting rid of the national debt would be catastrophic. Here's why:

The national "debt" isn't even debt. It's an accounting identity.

Here's the difference between government debt, and private, personal, or household debt. Households, businesses, Individuals like you and me, and even state and local governments are users of dollars, but the federal government is the monopoly issuer of dollars, and can never run out of them. The government doesn't need to borrow what it has created in the first, there's no logic to that.

When people talk about us "owing money" they're talking about government bonds that the treasury sells. But we don't owe that bond money, we owe the interest, which as of right now is extremely low (under a three percent interest payment for a 30 year bond).The bond itself sits in a savings account at the Federal Reserve, and when the bond has matured, it gets switched to the Fed's checking account with the three percent interest attached with it. That's it. No implosion of the government, no massive debt passed on to our kids. Nothing. Just switching money from the Fed's savings account, to it's checking account.

As of right now, the total national debt for the United States Federal Government is about $19.3 trillion. And that only means one thing and one thing only: It means that since the birth of our country in 1787, our government has put in $19.3 trillion more into the economy, than it has taken away from us in taxes. This is a good thing. New net wealth cannot be created, if the government is taking away more from us than it is putting in, which means the government trying to get rid of its debt, and trying to run surpluses in their budgets, is a dangerous thing for our economy.

But politicians from both parties, including far left progressives like Bernie Sanders and Jill Stein, still make erasing our federal debt a priority. This is because mainstream economists use models left over from the legacy of the gold standard, which we abandoned completely in 1971. In the gold standard days, the federal government was a user of dollars convertible to gold, and was therefore constrained in the amount of dollars they had. Now that we're no longer on a gold standard, the federal government has become the monopoly issuer of dollars, and is no longer constrained in the amount that they can create, and will never default on its debts unless the government wants to. But that's a political restraint, not a financial one.

Getting rid of our national debt would be terrible for us.

Politicians like Libertarian Presidential candidate Gary Johnson, support something called a balanced budget amendment, which means the federal government would not be able to spend more than it has taken in from taxes.

This is terrifying, because that means the government would have to take away more money from the economy than it puts in. In other words, it means that the economy would literally have to shrink every single year. Because according to basic accounting, for every debit there is a credit. If the government runs a debt, the people have a surplus of wealth. If the government runs a surplus, we the people will be in a deficit, and nobody wants that. A modern day example would be the Clinton surpluses, which increased household debt dramatically, and decreased the people's savings.

So let's stop thinking about the economy through the lens of a gold standard anymore, and look at it through the lens of the modern monetary system that we are currently living in. Once we do that, we'll realize that the national debt isn't a problem, it's a virtue.

Cover Image Credit: nationaljournal.com

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I'm An 18-Year-Old Female And I Will Never Be A Feminist

Honestly, I'd rather be caught dead than caught calling myself a modern-day feminist.
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"A man told me to have a good day... I'm triggered." How ludicrous does that sound? Tune in because that is the extent of modern day feminism.

Sure, I think boys are stupid and that I'm probably better than 90% of the male population, but that doesn't make me a modern-day feminist. Now I believe that woman should stand up for themselves, and Golding's quote: "I think women are foolish to pretend they are equal to men, they are far superior and always have been," is by far one of my favorite quotes... but modern day feminism is not something I want to be associated with.

I'm all for "anything you can do I can do better," and "We can do it!" but realistically speaking in some situations, that isn't feasible. As an 18-year-old woman who works out regularly, and is stronger than the average female, I couldn't carry a 190-pound man back to a safe zone after he was shot on the front line of a war even if I tried. It is not anatomically possible for a grown woman to be as strong as a fully developed male.

Reality check: Men and women are not equal.

They are not physically equal, they are not mentally equal. Modern-day feminism is equality between the two genders, but corrupt and on steroids. I support what feminism used to be. I support women who work hard and have goals and ambition... not girls who hate men and stomp around with no shirts on to piss off the public. Feminism has developed into a polluted teaching that young men and women are plunging into.

We are built dissimilarly.

The human brain is literally an organ that is sex oriented. There is a cognitive difference, that singlehandedly destroys gender equality.

I will not spend my time running a revolution against anyone who likes Donald Trump. I am not going to binge watch Trump's twitter in an effort to start some leftist gob of drama. I refuse to be part of this head hunt to attack all Republicans on the newest Instagram post made about how feminism is stupid. I do not hate men, and society would crash and burn without the successful men and women who work together to create what we call the United States of America.

Why, you ask? Why are the 15-25 year olds of our society clinging to feminism? They are hopping on the rapidly growing bandwagon where all the hipsters, feminists and Trump haters reside. It's "cool" to hate Donald Trump. Twitter is a world of liberalism, hatred and fake love towards all. Social media is where this generation is living — and modern-day feminism brews there.

We need to keep separation in the household within roles.

We must raise our children to do what they are best at rather than trying to do something they are incapable of just to prove an irrelevant point.

Women must stand up for what they believe in and be strong in their shoes, while not getting so caught up in what your modern day feminist says she thinks is right.

We cannot let this briskly changing society sway us away from what is going to keep the world working precisely.

Cover Image Credit: Macey Joe Mullins

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President Trump's Government Shutdown Is A Threat To National Security

Airports now have fewer screeners and security agents, which entails shutting down security lines or conduct more brief security checks.

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Just as Americans were settling in for the holiday season, President Trump initiated a shutdown of the federal government by rejecting any budget that did not include funding for a massive wall along the U.S.-Mexico border. There is a four-way wrangle between, Mr. Trump, senators who are for the wall, senators who detest the wall, and senators who are clueless about what to do next. About 380,000 of federal government employees(civil servants and government contractors) are on unpaid leave while another 420,000 essential security personnel (FBI agents, Border Patrol, Secret Service agents, airport security agents, etc.) are working without pay. The shutdown began on December 22, 2018, and is still continuing in mid-January, 2019.

Mr. Trump's is asking for over $5.6 billion of homegrown American taxpayer dollars to complete the wall. Neither Mexico nor Central America countries have indicated any desire to pay for it, another promise Trump campaign on. Mr. Trump states that "Drugs, terrorists, violent criminals, and child traffickers are entering our country" with consequences of "drug debts, violent murder, gang violence." Of course, we cannot allow that to happen. From his "state of emergency" and "TEXT BORDER" advertisement, it looks like America is in a war zone.

But are we?

A concrete or steel wall might be practical if there were a stamped of drug dealers, gangs, and violent criminals charging toward the U.S.-Mexico border. The only war zone there is on the U.S. Senate floor, where neither party nor the president can come to a conclusion about border funding. President Trump is also pushing for the establishment of the United States Space Force to keep our country safe. The issue is that if the country can't even maintain a ground force at the southern border, how can there be a Space Force?

On a more serious note, hundreds of thousands of federal employees will be missing their first paycheck. While raising the minimum wage is debatable, receiving no pay is not. This past Christmas, many federal employees, and their families had to cut back on Christmas gifts and spending in general as they face financial hardship. That's not even the worst part. The 420,000 essential security personnel are forced to work for no pay because America cannot be kept safe without them. Recently, close to 21% of TSA employees, who work in airport security, have called in sick. The men and women who work in airport security usually earn an average starting salary of $15.50 an hour. Airports now have fewer screeners and security agents, which entails shutting down security lines or conduct more brief security checks. Longer lines will lead to more frustrated passengers and lateness for those traveling for business purposes. It is very likely that airports will move towards looser security check since impatient crowds of people aren't going to sit still. It is also possible that more people will avoid flying and drive instead-if the route is driveable.

Due to the government shutdown, the National Oceanic and Atmospheric Association (NOAA) is now unable to make forecasts for hurricanes and other natural disasters. These forecasts could save countless lives by preparing for necessary evacuation and alerts well in advance.

National parks are unstaffed, but not closed. Americans can visit them without paying an entrance fee, but it is "go at your own risk." Bathrooms are unmaintained or closed, there are no rangers to ask for guidance or help, and few if no one to call in an emergency.

The FDA is affected by the shutdown, meaning food safety inspections will be conducted even less frequently, which will increase one's risk of foodborne illness, especially the elderly, those with weak immune systems and younger children.

While the Department of Homeland Security (DHS) is still in operation, but the staffing is down to 45 percent, which will reduce their capability to detect and prevent cyber security threats. These individuals already overworked, and not paying them would only decrease their morale, further lowering productivity. DHS was also received one of the lowest ranks in the best places to work in the government, which can lower prospects for seeking new employees to fill vital roles in government cybersecurity.

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