Prepared by Mike Schell for LCI Issues
Day after day, night after night, all we hear, read and watch is “Trump, Trump, Trump.” Tweets, leaks, Rose Garden nose thumbing at Europe, science and climate change, mega bombs, cruise missiles and on and on.
Let’s step back. What should we be doing, thinking, watching? The Trump Show is a distracting Side Show. We need to pay attention to real stuff, real issues, real needs of the country and all its citizens. We need prescriptions for what is ailing us. This is a large and panoramic challenge, but let’s start somewhere.
I am starting with the substance of a recent article by Paul Rosenberg entitled The GOP’s biggest budget lies: Take these down, and progressives will start to win. I urge you to read it. Clink on this link to get it.
Here’s the crux of what it says – all solidly supported by historical evidence and logical analysis.
The proposition that the federal budget must be balanced notwithstanding whatever suffering, famine and human destruction is left in the wake of the effort rests on three lies. The first is that the national debt is a problem. It isn’t. The second is that the cause of recent increases in the national debt is welfare spending. It isn’t. The third is that Republicans are better, more reliable, responsible managers of the economy and the finances of the Federal government. Demonstrably, they aren’t.
The author’s refutation of the second lie is particularly illuminating of the real issues to which we should be addressing ourselves:
Indeed, as Thomas Ferguson and Robert Johnson explained just over a year ago, in their paper A World Upside Down? Deficit Fantasies in the Great Recession, all of the US long-term federal debt is due to just three oligopoly sections: the military-industrial complex (the backbone of empire, with bases all around the world and almost half the world’s military spending), the medical-industrial complex (with twice the per capita dollars of other systems), and the financial section (which has recently cost trillions of dollars in lost wealth and economic activity).
All three of these are enormous cash cows for the one per cent, and equally enormous cost-centres for the 99 per cent. Without the costs imposed by lack of competition, regulation and accountability in these sectors, the US would have no long-term debt problem. We would be paying it down, rather than running it up.
The refutation of the third lie is also interesting – supported as it is with historical economic data. The conclusion: “Democrats are superior for the economy as a whole – GDP growth, unemployment rate, inflation – for the stock market, and for controlling government deficits, etc.” A century of economic evidence supports this conclusion.
This one article lays the foundation for several things that need to be done: Investment in America – infrastructure, education, jobs programs, increasing the minimum wage. Healthcare as a right for everyone provided in a system that continues and improves Obamacare’s flattening of the cost curve. Making Wall Street work for Main Street – not the other way around.
This is not the entire program, but it’s a beginning. More to come. I hope you’ll read the article.
Fired up & ready to go. Sunny Side Up.