I am always amazed at the lack of understanding of basic economics that people with advanced degrees seem to have. They dont seem to realize or want to admit that our country is going broke.
Let me give you some real-world examples. I am 88 years old and I bought my first home in 1963. It was a three-bedroom rambler with a car port and a full basement 2,080 square feet and cost $17,500. I bought a twin home in Brookings in 2024, 1,671 square feet, and it cost $435,000 with a very small yard owned by the homeowners association. I do have a nice double garage. That calculates out that todays dollars are only worth four cents compared to 1963 dollars.
I was making $10,000 per year in 1963; I would have to make $250,000 a year to have as much spending power as I had in 1963. I worry that my great-grandkids will never be able to afford a house. The bottom line is that we have almost twice as much government as we can afford and if we dont get it cut back, this inflation is only going to get worse.
You may not like the way they are cutting it, but we are running out of time and it must be cut quickly before our dollar goes to 1 cent from its current 4-cent value. If you dont like what they are cutting, how about some ideas on what they could cut to save the same amount of money? It would be more helpful than moaning about how and what they are doing.
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