Active Citizenship: Can We Really Influence Government Spending and National Debt?

Many believe that individual actions by average citizens have no real impact on significant issues such as government spending and national debt. While it may seem that overpaying taxes or demanding policy changes is futile, there are steps one can take to contribute positively. However, the effectiveness of these actions often depends on the broader political and economic context.

Understanding the Context

Historically, trying to combat an unwanted war and pay off the national debt has been met with limited success. In the 1960s and 1970s, despite attempts to address these issues, funds intended to address the national debt were re-directed elsewhere. Today, the same politicians who were in office during that period remain in power, raising questions about the effectiveness of change.

War and Fiscal Policy

The conflict in Ukraine and the broader geopolitics have underscored the complexities of fiscal policy. In the current environment, war is both profitable and costly. Government spending has shifted, with a lack of relief funding for critical issues like Social Security. Instead, welfare and other grants have been prioritized, often without addressing core economic challenges like inflation.

Citizen Action vs. Policy Reality

Individual citizens may feel powerless against these large-scale issues. However, there are several actions the average person can take:

Voting in Local Elections: Local elections play a crucial role in shaping the future of national politics. About thirty percent of Americans participate in these elections, yet they influence the career politicians who shape fiscal policy. Supporting candidates who prioritize fiscal responsibility and reduced government spending can make a difference. Investing in Treasury Notes or Bonds: These investments are a valid way to support the economy and reduce the national debt. JPMorgan helped pay off America's debt by paying with cash and treasury bonds. Treasury bonds and notes are a form of investment that citizens can use to contribute positively to the economy. Refusing Government Benefits: Farmers can reject federal subsidies if they believe these funds are misallocated. Similarly, individuals can refuse to take Social Security benefits or Medicare reimbursements if they believe these programs are a drain on national resources.

The Tinkertoy Model of Impact

While these actions may seem like small steps, they represent a Tinkertoy approach to solving complex fiscal issues. Even if individual citizens cannot significantly reduce the national debt or curb government spending on their own, collective action and persistent advocacy can influence the dialogue around these issues.

It is important to recognize that change is often incremental. While one person may not single-handedly solve these challenges, their actions can contribute to a broader movement that influences policy makers and fiscal decisions.

Conclusion

While the concept of individual citizens significantly influencing government spending and national debt may seem impractical, several concrete actions can be taken. Voting in local elections, investing in treasury bonds, and refusing government benefits are meaningful steps that can contribute to a larger effort to reduce fiscal deficits.

Ultimately, the fight against inflation and excessive government spending requires a combination of collective action, advocacy, and strategic financial decisions. Citizens who take these steps play a vital role in shaping the future of their country's fiscal health.