I have a genius idea and I’m sharing it with you, my loyal readers—and indiscriminate web-surfers who accidentally ended up here while searching for LOLcat memes.
Imagine I have a massive mound of debt, and I’m sick of it. However, I have good credit and am ready to put it to good use. I am going to use that line of credit, borrow every penny I can, and buy up as much stock as I can in companies I believe are the way of the future. I’ll sell that stock for a profit once it gains like I expect it will, and payoff both my old and new debts; maybe even pocket a few bucks along the way.
To be fair, I’m not a professional stock broker or anything, and I really don’t know that much about these industries other than I believe them to be really cool, futuristic, and impressive. Since they’re futuristic companies, I assume they have people much smarter than me solving problems, and therefore, there is little doubt any of them will fail.
I know what you’re thinking; this man is a genius! How can it fail—right?
If you’re still reading, and you’ve never read me before, you’re probably thinking I’m a whack job who bathes in peanut oil while playing GI Joe and pretending he’s fighting off the perfect storm. I’m sorry to say however, that I do not. This genius idea of mine is pure nonsense that no intelligent person should ever endorse it.
But let’s look at what is happening here on our little section of planet Earth commonly referred to as America. We have our hard-earned money forcibly taken from us taxpayers and put into government coffers. When our country was founded, we drafted a constitution that laid out the limitations and responsibilities of our federal government. Those tax dollars were meant to pay for such expenses. In the proper limited government mentality our forefathers intended, that’s all they would pay for, but these days, what was once a mole hill, has become a fairly impressive mountain.
It’s no secret we have a lot of debt. At the time of writing this, we were at 16.5ish trillion dollars. Let’s do some math for fun. A dollar bill is 0.0043 inches thick. Stack 16.5 trillion of them on top of each other and you have a pile 1,119,792 miles high. That’s enough to go to the moon and back twice, then around Earth a couple of times for good measure. I’ve heard Obama and his merry band of Democrats say we don’t have a debt problem, but I suspect he hasn’t done the same math I just did yet. Out of sight, out of mind. So not-so-respectfully, I disagree Mr. President—we have a @#$%& debt problem.
In the president’s infinite wisdom, he’s decided that instead of working on reducing our spending and applying more of our tax dollars to reduce our debt, something any family facing a debt problem would do, he’s decided that he’s going to invest instead. Not only is he going to invest, he’s going to do so having no prior experience or formal training in investments, and he’s investing in things like green energy. For those of you unaware, his schooling is in law. He does not have a degree relating to solar energy, physics, chemistry, biology, or any of the related fields for which these investments are based on.
It’s OK though, because he knows that global warming is settled science. Never mind that the scientific community doesn’t know this. They do know that animal life, including mankind create a lot of CO2, and we have a general idea that as our animal population grows (humans are animals; FYI) it should effect the planet’s ability to radiate the sun’s heat. This effect may be harmful to our ecosystem leading to life-altering consequences.
But we don’t know how our planet will react to it. Plant life thrives in a carbon-rich environment. It’s quite possible that the increase in CO2 from the animal kingdom will merely result in an increase in life from the plant kingdom to counteract it. That’s what an ecosystem does after all; it constantly strives to balance itself out.
There have been several scientific experiments with predicted models that led to surprises instead of confirmed hypotheses. There’s a prime example here. I’m not making the assertion my previous example is true, but suffice it to say that scientists without an agenda all agree we don’t really know exactly how the planet will ultimately react to a growing population.
So if Al Gore turns out to be full of more hot air than facts, these green energy investments will be horrible ones. Putting our eggs in a risky basket is a bad, BAD investment. With failures to a myriad of government boosted companies like Solyndra, clearly the president doesn’t understand the science, smart investing, or that our tax dollars are not his personal E*Trade account in the first place. If he really wants to invest money, I suggest he talk to his friend Warren Buffett and let Berkshire Hathaway lead Uncle Sam down the path of proper investing.
So while my “genius idea” is clearly ridiculous, it is virtually identical to what has been done with our tax dollars for the last 4 years, and our gambling-addict-in-chief is showing no signs of reversing course any time soon.