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One year more. It's going fast. Am I taking advantage of every opportunity? You betcha.

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Posts Tagged “economics”

Economy

With the recent problems in Europe boiling over an election that have drew the socialist party into power in France for the first time since the 1980′s. I find myself half-afraid and half-intrigued. In America, the idea of having a socialist party legitimate enough to gain power is laughable.

One of my most shocking experiences abroad occurred in Vienna. I visited Austria after my classes had ended and before my flight home. While I visited, the Austrian Labor Day occurred, and to celebrate all of the Socialists in the surrounding regions paraded through the city. This was a huge event for me. I could never imagine something like this occurring in Indianapolis, for example. At the very least, I can’t envision itbeing without incident.

Socialist Party Colors

This granted me a bit of perspective. Although I’m still in the process of discerning my own political affiliations, I can appreciate what we do have here in America. Call me sentimental, but I like the idea of a man pulling himself by his boot straps, working hard and being rewarded in the end. I can’t bring myself to support a system which levels all people. Not that I want to make this post a political statement–my point is moderation is great, and I believe America works very hard between its two parties to achieve this.

But it all raises the question of how should a country deal with fiscal problems? Is it a matter of spending more to heal an economy, or should the spending of a government be restricted to its means? I sometimes fear that the standard of living in our country is a house built on the sand of trillions of dollars of debt, waiting for a storm to sweep us away.

What I urge my readers is to inform themselves. Nothing is more harmful to a political or economic crisis than ignorance and a population willing to believe anything it hears. I’m trying to work through this. I’ll be the first to admit that it’s quite difficult. Good thing I have a place to turn to.