Our outgo is exceeding our income
Ross L. Talbott
Glenwood Springs, CO Colorado
Sometimes simplifying the complicated tends to disperse the haze and confusion and help grasp the basic concepts with clarity.
For example, here is my quick course of business 101.
For emphasis, point with your finger in the appropriate direction as you verbalize these four basic points. 1) When your upkeep 2) causes your outgo 3) to exceed your income 4) it becomes your downfall.
Have you gotten the feeling that our representatives at the state and federal level don’t grasp that basic business concept?
We, in the professions and business, can’t just wave our hand and take money like the Federal Reserve and the federal government seem to be able to do.
It’s necessary to take a hard look at the upkeep portion and eliminate waste and unnecessary costs and find less expensive supplies.
Then take a hard look at the income side. In business, competition and demand set limits on how much you can raise those areas.
It seems the government can arbitrarily raise fees, taxes and service charges, not realizing the depressing effect on the economy.
It’s rather like a business that tries to increase income by increasing what it charges; the resulting loss of business only aggravates the situation.
If fiscal responsibility was really the issue, then it wouldn’t take a genius to figure out that you can’t tax us into prosperity.
Some years ago I served on a state central committee. I soon discovered how naive I was. Money is only a secondary issue. The big driving force of most politicians is power. The ego trip that comes with high political office is incredibly addictive.
The more areas of the economy. and even people’s personal lives, that elected officials can control, the greater their sense of importance.
They also realize that they can sucker us into support by playing on our egos. They send letters that say, “To be opened only by (your name)”, or “You have been specially selected ——.” Don’t you feel important that senator what’s-his-name has selected you to be a vital part of his team?
A large number of our so-called leaders are so ego driven that they will sell their soul to Lucifer to get re-elected. When will they wake up and realize that the wealth-producing side of the economy is being driven out of business or driven overseas by their policies?
The foremost consumers of public wealth, in this respect, are the legal system. Courts, lawyers, cops and jails produce nothing of value but instead suck up wealth in great quantity.
Right behind the legal system is the so called health care system. Increasing government control will only exacerbate the problem.
The third general area of great consumption is all the government agencies. Can you think of one government organization that actually creates anything of value?
At what point does the term parasite come into play?
On the other side of the spectrum are those businesses that create wealth. Among those primarily are agriculture, mining, drilling, timbering, construction and manufacturing.
Basically, any business that creates a valuable product or takes a basic product and increases its worth creates wealth and enriches our whole society.
Does buying oil from our enemies make sense when we could produce our own? Does taxing industry to the point that they move to Mexico make sense?
I challenge you to go into any retail outlet and try to find products made in America.
We were waving American flags on the 4th of July that were made in China. How embarrassing!
Why is it less expensive to ship Apples from Australia than to grow them here?
Now our outgo exceeds our income. It’s called a negative balance of trade, and that will cause our downfall. It’s time to look up.
Ross L. Talbott lives in New Castle.
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