I wrote this letter to WAKW my local Christian radio station:
Dear Sir,
This morning, one of the DJs (Kurt Wallace) posed the question, why have gas prices gone up so sharply? I was driving to work at the time, so I couldn’t call in. I tried when I got to work, but there was no answer. One caller called in and said that the reason was that OPEC cut production. This may be the reason for the recent hikes, but Kurt also mentioned that the last time oil was at $100/barrel, gas was only $3.00/gallon. The fact that OPEC cut production doesn’t explain this, because if this was the real reason, then oil would be priced much higher than $100/barrel now. This could be explained by the fact that there are fewer refineries, but I have an alternative, more fundamental reason that most people aren’t aware of.
The amount of money that the federal government takes in taxes (including income, estate, excise, gas, and tariffs) is not nearly enough to pay for all of what the federal government spends. It borrows massive amounts of money from anyone who loan it (private citizens, corporations, Saudi Arabia, China, etc.). Even after taking on all this debt (which is $9.5 trillion and counting), they still fall over a $1 trillion short every year. To pay for all these expenses, they simply create new money to pay for it. This devalues the dollar, which in turn causes inflation. This increases the cost of both the oil and the cost of refining it.
The federal government spends massive amounts of money on:
the Center For Disease Control, educational grants, the FDA, FEMA, Medicare, Medicaid, Social Security, the Department of Energy, the redundant Department of Homeland Security, the Department of Education (so that they can figure out what is the best way to teach our children how we evolved from slime and what is the safest way to fornicate themselves)… etc, farm subsidies, oil subsidies, and healthcare subsidies (some of this money goes to Planned Parenthood)…etc.
They are also spending massive amounts of money on:
the trillion dollar wars in Iraq and Afghanistan, 767 overseas military bases, border security on the Iraq/Syria border, border security on the Iraq/Iran border, border security on the South Korea/North Korea border (while our own border security suffers), weapons for Israel, weapons for enemies of Israel, and tons of other international aid/interventions.
So when you pay higher gas prices (or higher prices on anything else), remember that these are things you are paying for. When planning your family’s budget, you need to factor in what the federal government is spending as well as your own expenses. Whether they raise your taxes or devalue the dollar, you always have to pay every penny of it.
Sincerely,
Matthew Miller
Dear Sir,
This morning, one of the DJs (Kurt Wallace) posed the question, why have gas prices gone up so sharply? I was driving to work at the time, so I couldn’t call in. I tried when I got to work, but there was no answer. One caller called in and said that the reason was that OPEC cut production. This may be the reason for the recent hikes, but Kurt also mentioned that the last time oil was at $100/barrel, gas was only $3.00/gallon. The fact that OPEC cut production doesn’t explain this, because if this was the real reason, then oil would be priced much higher than $100/barrel now. This could be explained by the fact that there are fewer refineries, but I have an alternative, more fundamental reason that most people aren’t aware of.
The amount of money that the federal government takes in taxes (including income, estate, excise, gas, and tariffs) is not nearly enough to pay for all of what the federal government spends. It borrows massive amounts of money from anyone who loan it (private citizens, corporations, Saudi Arabia, China, etc.). Even after taking on all this debt (which is $9.5 trillion and counting), they still fall over a $1 trillion short every year. To pay for all these expenses, they simply create new money to pay for it. This devalues the dollar, which in turn causes inflation. This increases the cost of both the oil and the cost of refining it.
The federal government spends massive amounts of money on:
the Center For Disease Control, educational grants, the FDA, FEMA, Medicare, Medicaid, Social Security, the Department of Energy, the redundant Department of Homeland Security, the Department of Education (so that they can figure out what is the best way to teach our children how we evolved from slime and what is the safest way to fornicate themselves)… etc, farm subsidies, oil subsidies, and healthcare subsidies (some of this money goes to Planned Parenthood)…etc.
They are also spending massive amounts of money on:
the trillion dollar wars in Iraq and Afghanistan, 767 overseas military bases, border security on the Iraq/Syria border, border security on the Iraq/Iran border, border security on the South Korea/North Korea border (while our own border security suffers), weapons for Israel, weapons for enemies of Israel, and tons of other international aid/interventions.
So when you pay higher gas prices (or higher prices on anything else), remember that these are things you are paying for. When planning your family’s budget, you need to factor in what the federal government is spending as well as your own expenses. Whether they raise your taxes or devalue the dollar, you always have to pay every penny of it.
Sincerely,
Matthew Miller
How could I forget the corporate bailouts?
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