We cannot spend our way out of debt. But it’s not just government spending. It is what government does that causes all of us to need to spend more. How?
OIL! Yes, Oil.
We have not built a new refinery in nearly 35 years.
We have not built a new nuclear power plant in 15 years.
Solar and wind energy are not practical and cost several
times more than other gas and nuclear.
We have severely restricted our drilling for oil. Oil could be cheap and is plentiful.
With these restrictions the price of oil has gone up – thus:
EVERYTHING costs more.
We pay whatever price others set on oil by others, because
there is less competition.
When the price of oil goes up – EVERYTHING costs more.
Manufacturing products made from oil (nearly 6,000 items)
cost more.
Manufacturing ANYTHING cost more due to the increase in
energy costs related to it.
Transporting EVERYTHING costs more.
Heating my house costs more.
Getting to work costs more – whether by car or bus.
Food costs more when corn (which is in most products) is
diverted to energy. (Some of the least effective energy made today.)
Food costs more because of the expenses related to planting
and harvesting and transporting it.
Think of how many items we buy are wrapped in plastic or
carried home in plastic. Plastic is made
from oil.
Synthetic fabrics are made from oil – so the cost or clothes
will rise.
If you want to see the price of EVERTHING go down – allow drilling,
allow refineries, allow nuclear power.
Dave O.