The Debt
Even though Republicans got most of what they wanted in the debt-ceiling deal, including a long-term deficit reduction plan, the debt is not going away, either as a problem or a talking point. And it's true: the debt is a big problem. A mammoth one, in fact. However, if the House and Senate let the debt become the biggest issue of this and next term, they will be throwing away any tentative, stumbling progress the US economy has made and will send a message to the more than nine percent of Americans who are unemployed that they do not matter.
After all, the debt is a long-term problem; it has been around for decades and will be around for decades. Any serious solution to the deficit will be a big one and will involve years worth of budget-reassessment and will probably include cuts into the big three: Medicare, Medicaid, and Social Security as well as gigantic, damaging cuts into non-defense discretionary spending.
Now, though, is the worst time to make damaging cuts into non-defense discretionary spending, which includes education, infrastructure, job creation, and many other crucial government programs that are both the base of the US job creating ability and its "win the future" programs that make up most of President Obama's docket. These programs have already been cut to the bone through the debt-ceiling deal as well as from other budget cuts that were passed in this Congress, and cutting them any more would be devastating. There are school districts in America that will start up school in September with its students going to only four days of classes, and American students need to be in school more days, not less. Rabid debt-cutters always remind the US public that the deficit is putting a burdon on America's children, which is, generally, true. But that is not as big as a burden for American children as the one of school budget cuts. American children are mis- and under-prepared for a world economy, less educated then their foreign peers, and barely reaching standards that are dwarfed by those of Europe and Asia.
And then there is the matter of unemployment, the real problem in America, not the debt or budget deficits. When over nine percent of job-seeking Americans are unemployed, it is the responsibility of Congress to invest in job-creating measures. And it's not that hard; Congress has the power to fund desperately-needed projects for infrastructure or research or scientific development and to re-saturate the budgets of school districts. That's how jobs are created by the government. Some argue that it should be businesses creating jobs in America. Well, that's fine; they can. But in order for businesses to have any kind of incentive to move their job-creating factories and other means of production (after all, America is supposed to be a production-based economy) back to the US, Congress has to impose taxes on goods created out of the United States, even if the companies that make those goods are based in America. Otherwise, the jobs that left America will not return and nine-percent unemployment will become the norm while blooming overseas markets capitalise on low minimum wages and workers rights to attract the companies that once fueled US employment.
These are the important economic issues in America; these are the ones that need the imminent attention of Congress. While the debt is a problem and does require a long-term conversation on how to reduce it, the paramount issue is the jobs crisis America is facing and the elimination of non-defense discretionary spending that could have helped America "win the future."
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After all, the debt is a long-term problem; it has been around for decades and will be around for decades. Any serious solution to the deficit will be a big one and will involve years worth of budget-reassessment and will probably include cuts into the big three: Medicare, Medicaid, and Social Security as well as gigantic, damaging cuts into non-defense discretionary spending.
Now, though, is the worst time to make damaging cuts into non-defense discretionary spending, which includes education, infrastructure, job creation, and many other crucial government programs that are both the base of the US job creating ability and its "win the future" programs that make up most of President Obama's docket. These programs have already been cut to the bone through the debt-ceiling deal as well as from other budget cuts that were passed in this Congress, and cutting them any more would be devastating. There are school districts in America that will start up school in September with its students going to only four days of classes, and American students need to be in school more days, not less. Rabid debt-cutters always remind the US public that the deficit is putting a burdon on America's children, which is, generally, true. But that is not as big as a burden for American children as the one of school budget cuts. American children are mis- and under-prepared for a world economy, less educated then their foreign peers, and barely reaching standards that are dwarfed by those of Europe and Asia.
And then there is the matter of unemployment, the real problem in America, not the debt or budget deficits. When over nine percent of job-seeking Americans are unemployed, it is the responsibility of Congress to invest in job-creating measures. And it's not that hard; Congress has the power to fund desperately-needed projects for infrastructure or research or scientific development and to re-saturate the budgets of school districts. That's how jobs are created by the government. Some argue that it should be businesses creating jobs in America. Well, that's fine; they can. But in order for businesses to have any kind of incentive to move their job-creating factories and other means of production (after all, America is supposed to be a production-based economy) back to the US, Congress has to impose taxes on goods created out of the United States, even if the companies that make those goods are based in America. Otherwise, the jobs that left America will not return and nine-percent unemployment will become the norm while blooming overseas markets capitalise on low minimum wages and workers rights to attract the companies that once fueled US employment.
These are the important economic issues in America; these are the ones that need the imminent attention of Congress. While the debt is a problem and does require a long-term conversation on how to reduce it, the paramount issue is the jobs crisis America is facing and the elimination of non-defense discretionary spending that could have helped America "win the future."
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