The most important issue never resolved was the issue of fairness. In particular, the discussion of fairness was cut short by the imposition of ideology - mostly on constitutional terms.
In these ideological debates, a great deal is made of the Preamble to the Constitution, the Declaration of Independence, and the first 10 Amendments, but very little attention if paid to the intrinsic wisdom in other areas.
If you step back from the Constitution and look at it as a system of governance, not government, much of the ideological barricading is quickly lost.
Friday, December 24, 2010
Tuesday, December 14, 2010
Small is better
Why would giving the government more money even anything out?
If the "have nots" are not getting paid enough for some to consider it fair, giving more money to the government certainly does not help out the working middle class. Or does it?
Why would it not? For an economy to grow and prosper, the growth has to come from the lower levels of the population.
The philosophy of 'trickle down' economics has proven a failure backed by lies, damned lies, and statistics. Put more money in the hands of the wealthy and the GDP grows along with the deficit; the proportion of the economy controlled by the wealthy increases, and middle class disintegrates. If you only look at GDP, it's a success.
Before the GFC, the Reagan, Bush 41 and Bush 43 administrations accounted for about 2/3rd of the national debt.
Bush 43 nearly doubled the nominal amount again in his last days in office by signing away $650 billion in TARP funds, and committing the government to another $450 billion. Obama has not expended $450 billion of the TARP funds.
If the "have nots" are not getting paid enough for some to consider it fair, giving more money to the government certainly does not help out the working middle class. Or does it?
Why would it not? For an economy to grow and prosper, the growth has to come from the lower levels of the population.
The philosophy of 'trickle down' economics has proven a failure backed by lies, damned lies, and statistics. Put more money in the hands of the wealthy and the GDP grows along with the deficit; the proportion of the economy controlled by the wealthy increases, and middle class disintegrates. If you only look at GDP, it's a success.
Before the GFC, the Reagan, Bush 41 and Bush 43 administrations accounted for about 2/3rd of the national debt.
Bush 43 nearly doubled the nominal amount again in his last days in office by signing away $650 billion in TARP funds, and committing the government to another $450 billion. Obama has not expended $450 billion of the TARP funds.
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