More Examples of Why Politics Sucks ... Simple Economics Requires Looking at the Other Side of the Same Coin ... But Guess Which Side the Politicians Won't Mention

While they claim otherwise, politicians are continually advocating policies leading to slower economic growth when they encourage ever higher individual and government debt burdens, increased taxes and price increases for consumer purchases.

And while they certainly won't admit to that being the case, that's exactly the approach being taken.

In short, consider a few samples of their ongoing and highly successful vote getting 'plan.'

(1) When the politicians say the way to economic salvation is to increase credit (student loans and home loans, as examples), they are really saying that the way to economic salvation is to increase debt;

(2) When the politicians say the way to our nation's well being is to provide extensive government subsidies to pay for ever increasing  health care costs (ObamaCare is just the latest example), they are really saying that the way to increase national wealth is to increase taxes; and

(3) When they say that the way to economic recovery is to increase wage rates (minimum wage) without accompanying productivity gains, they are really saying that the way to economic recovery is to increase the prices paid by customers.

The above examples are merely different ways of looking at the two sides of the same coin and seeing and saying the exact same thing after considering both sides ... both the seen and the unseen, as well as the said and the unsaid, in other words.

I could go on with countless other examples, but there's no need for that.

And that's why politics sucks.

Thanks. Bob.