In order to combat the ongoing issue of inflation, it is important for the rate to return to a more normal range of 1-2%. This would help bring down the prices of everyday commodities and essentially give everyone a raise. However, factors such as interest rates, national debt, and excessive spending are hindering the economy and contributing to the inflation problem.
To address this issue and bring inflation back to a normal rate, the country needs access to cheap energy. Transportation of goods relies heavily on modes such as planes, trains, ships, barges, and trucks, which in turn depend on affordable energy sources like diesel fuel, aviation fuel, natural gas, and electricity. By reducing dependence on other nations for energy supply and utilizing domestic resources, the nation can become stronger and more self-sufficient.
Out-of-control spending in Washington, D.C. is another significant factor contributing to inflation. The government’s excessive spending without adequate funds leads to a decrease in the value of currency, resulting in higher prices for consumers. It is crucial for the bureaucracy to be held accountable for their spending and for measures to be taken to eliminate waste and fraud, ultimately achieving a more realistic budget.
As citizens, it is essential to hold our representatives and government agencies accountable for their actions. The failure to establish a sustainable budget is not only unacceptable but also dangerous for the country’s stability. It is important to support those in Congress who strive to make positive changes and work towards a better future for all. Our way of life and livelihood are at stake, and it is crucial to take action to address the issue of inflation and excessive spending.
Al Peach resides in Sioux Falls, S.D.
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