Showing posts with label deficits. Show all posts
Showing posts with label deficits. Show all posts

Thursday, November 15, 2012

The Grand Conundrum


The headline read:  "Romney blames loss on Obama's 'gifts' to minorities and young voters".  

In a conference call with many of his big-money supporters Mitt Romney told them that it was Obamacare (calling it a gift to lower-income Americans, perceived to be primarily minorities), the Dream Act (which prohibited deportation of young illegal immigrants who were brought here by their parents when they were very young), and the forgiveness of a considerable amount of the interest incurred by students (who are relying on student loans to get their education) that was responsible for his defeat.  He said these "gifts" to targeted groups bought Obama enough votes to put him over the top. 

Or to put it another way, the status quo didn't work for the Republicans.  This needs to be their wake-up call.  They need to find a way to embrace these groups and broaden their base of supporters.  Making the recent election an "us vs them" affair is no way for Republicans to turn their fortunes around.

Here's the conundrum:  Yes, we need to cut our budget deficit.  We can't go on indefinitely running up a trillion dollars a year in red ink.  But at the same time, we DO need to expand health care.  Where a decade ago 65% of companies provided health insurance to their employees, today it's roughly 55%.  You see the trend?  An unhealthy, broke workforce is not what we need to compete economically with the rest of the world.

And we DO need a highly trained workforce, which obviously requires a highly educated workforce.  The days of getting a high school diploma and then spending the next 40 years working at the sawmill are over.  Education costs lots of money, money most families don't have.  Government does, except it's all borrowed money.

And we DO need immigrants.  While many developed countries actually have a shrinking population, ours is still growing, thanks to births to recent immigrants.  Without them working and paying in to "the system" we won't be able to honor our commitments to our baby boomers now at or nearing retirement.  We need to find a way to expeditiously, responsibly admit new immigrants.  And legitimize many (but not all) of those here now.

It seems we need to do lots of things to stay on top in the world, but they all cost money.  Money we don't have.  What to do?

S




Wednesday, August 22, 2012

I should do this more often

WOW!  What a great birthday so far!  I took the dog out this morning at oh-dark-thirty to find the temperature at 63 degrees.  Woohoo!  Then I came back in to a big plate of brownies K made for me, complete with "Happy B-Day" written across it.  I would show it to you, but I've already eaten "Happ..".  Yes, I had a brownie for breakfast.  Sue me. ;)

Today is supposedly the first day of my semi-retirement, but all I see ahead of me is work.  Besides the client I met with last Saturday, another one of our homeowners from 16 years ago has sold their home and wants us to build them another.  I've been helping them look for some property, and yesterday they made an offer on one and it was accepted.  Looks like the next step is to visit the architect.  Then another one of our homeowners, this one from 14 years ago, wants to meet today to discuss building them a new home, too.  Looks like I'll have to postpone "sleeping in" for a while longer.
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Looks like this election will be the most expensive ever....to the tune of $2 BILLION dollars spent, which means at least that much was donated to the politicians all combined, right?

OK, let's think this through:  We have a TRILLION dollar deficit and our Congress / President are beating the bushes looking for ways to save a buck.  They've come up with the noble idea of closing tax loopholes and ending expensive subsidies to selected companies and industries, ideas which have been (on the surface) universally praised.  

At the same time rich individuals and large corporations and their PAC's have donated the vast bulk of that $2,000,000,000 the politicians have in their re-election war chests.  So we're to believe they're giving generously to politicians to show their support for them for closing THEIR tax loopholes and ending THEIR subsidies?

Why yes, I would like to buy a time share in a high-rise ocean-view condo in Nebraska, complete with a private white sandy beach and palm trees.  Who should I make the check payable to?

S