Economic Improvement

It seems to me…

Unfortunately, we see many of our elected leaders attempting to destroy the principles and strengths on which our nation depended to reach where we are today.  They have lied and mislead us into believing we no longer can afford to invest in our future or cultivate that spirit of innovation which has allowed us to achieve so much more than any other nation in the world.  They say we no longer can afford to provide a quality education to future generations of Americans.  That quality healthcare no longer is affordable.  That we have to close national parks and scenic areas.  That environmental issues or food safety do not matter.  That police and fire protection costs too much.  That there isn’t anything we can do about our decaying transportation infrastructure.

They say that the rich have earned their money and are entitled to it in spite of the biblical teaching that to whom much is given, much is expected (but it is the rich that fund their reelection campaigns).  They support tax “incentives” for large petro-chemical or agri-business corporations even though those companies’ profit margins are higher than at any point in history.  They support tax loopholes for self-serving interest of lobbyists.

While our recent recession might “officially” be over, unemployment remains high.  History is replete with examples of double-dip recessions or jobless recoveries resulting from the failure by the public sector to adequately invest so as to sustain and promote recovery.

“Those who don’t know history are destined to repeat it.”  ~ Edmund Burke (1729-1797).

There are a significant number of our congressional representatives that apparently never studied history.  While perhaps counterintuitive, history has repeatedly demonstrated that tax reductions never have resulted in economic stimulation regardless of wishful thinking to the contrary.  Too many members of Congress seem to be looking romantically back to a time in our nation’s past that never was – isn’t it preferable to look forward to a still better future?

Instead of concentrating on where to cut spending to balance our national budget, we instead need to think about how to grow our economy.  An increase in our GDP of only a couple percent would not only eliminate the deficit, we would be able to start reducing our national debit making all the current political acrimony meaningless.  Our taxes (combined federal and state) currently are at their lowest level since 1950 and the lowest of any industrial economy.  I do not believe in a free lunch and am willing to pay when shown it is to my long-term benefit.  Yes, there is waste in government and the deficit problem must ultimately be remedied – but the medicine should be appropriate to the illness and not kill the patient.

And for the attempt to label President Obama as a socialist for supporting Social Security or Medicare, Social Security definitely was NOT our nation’s first socialistic policy; we always have had social programs.  Starting in the colonies, local villages and towns recognized an obligation to aid the needy when family effort and assistance provided by neighbors and friends were not sufficient.  This aid was carried out through the poor relief system and almshouses or workhouses.  Gradually, measures were adopted to provide aid on a more organized basis, usually through cash allowances to certain categories among the poor.  Mothers’ pension laws, which made it possible for children without paternal support to live at home with their mothers rather than in institutions or foster homes, were adopted in a number of States even before World War I.  In the mid-twenties, a few States began to experiment with old-age assistance and aid to the blind.  A Federal law covering civilian employees of the Government in hazardous jobs was adopted in 1908, and the first State compensation law was enacted in 1911.  By 1929, workers’ compensation laws were in effect in all but four States.  So much for socialism.  I am tired of the politically motivated mendacity and would appreciate the truth for a change.

I do not always agree with Obama or Pelosi but now consider wingnuts like Limbaugh or the Tea Party’ers to be the primary threats to the future of our nation – not foreign terrorists.  Forced governmental austerity measures will not only perpetuate our nation’s current unemployment crisis but guarantee an extended period of economic stagflation.  In this, the conservative extremists have successfully inflicted the “perfect storm” not only on the U.S. but also on the rest of the industrialized world.

That’s what I think, what about you?

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About lewbornmann

Lewis J. Bornmann has his doctorate in Computer Science. He became a volunteer for the American Red Cross following his retirement from teaching Computer Science, Mathematics, and Information Systems, at Mesa State College in Grand Junction, CO. He previously was on the staff at the University of Wisconsin-Madison campus, Stanford University, and several other universities. Dr. Bornmann has provided emergency assistance in areas devastated by hurricanes, floods, and wildfires. He has responded to emergencies on local Disaster Action Teams (DAT), assisted with Services to Armed Forces (SAF), and taught Disaster Services classes and Health & Safety classes. He and his wife, Barb, are certified operators of the American Red Cross Emergency Communications Response Vehicle (ECRV), a self-contained unit capable of providing satellite-based communications and technology-related assistance at disaster sites. He served on the governing board of a large international professional organization (ACM), was chair of a committee overseeing several hundred worldwide volunteer chapters, helped organize large international conferences, served on numerous technical committees, and presented technical papers at numerous symposiums and conferences. He has numerous Who’s Who citations for his technical and professional contributions and many years of management experience with major corporations including General Electric, Boeing, and as an independent contractor. He was a principal contributor on numerous large technology-related development projects, including having written the Systems Concepts for NASA’s largest supercomputing system at the Ames Research Center in Silicon Valley. With over 40 years of experience in scientific and commercial computer systems management and development, he worked on a wide variety of computer-related systems from small single embedded microprocessor based applications to some of the largest distributed heterogeneous supercomputing systems ever planned.
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3 Responses to Economic Improvement

  1. berlioz says:

    You are writing about a lot of themes here. Social justice for one thing and unearned rent from land. Do you know about Henry George and his book “Progress and Poverty” ? He thought he had the remedy. He was one of yours. He wrote for “those who, seeing the vice and misery that spring from the unequal distribution of wealth and privilege, feel the possibility of a higher social state and would strive for its attainment.”
    Peter

    • lewbornmann says:

      As for Henry George, no, I have not read “Progress and Poverty” but probably would not totally agree with some of his libertarian philosphy. I’m also not sure what you specifically were referring to when you say “He was one of yours.”
      While not in favor of incurring a large national debt burden, I do subscribe to the Keynsian recommendation that public-sector economic stimulation is necessary to increase employment following a jobless recovery. While some corporate tax adjustment is necessary to increase international competitiveness, monetary infusion would be feasible only if balanced by a corresponding increase in government income. While perhaps somewhat counterintuitive, general tax reductions historically have failed to produce desired results as they typically are either reinvested (the wealthy) or spent primarily on imports.
      No, I do not have the answers on what needs to be done but feel what we currently are doing will negatively affect our economy. I just hope I am wrong.

  2. berlioz says:

    ‘I’m also not sure what you specifically were referring to when you say “He was one of yours.”’

    By this I meant he was American and it would be good if his ideas would be recognised and followed in his home country. He was once very popular. If his ideas work in the US, I’m sure, the rest of the world would follow.
    The Keynesian recommendation are only good if the government had saved during the good times. Some debt is ok, but the stimulation should come mainly from savings. For years governments all over the world have been afraid to raise taxes and relied heavily on deficit financing of their budgets. And G.W. Bush’s tax cuts for the rich were plainly robbery.

    Henry George advocated a single tax based on the economic rent land produces through the effort of the community. Land is in the hand of only a few and they are getting all the rent it produces.

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