Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts

With all due respect to the caution of the Democratic leadership, this guy has to go, now.

"It appears that Trump has a plan in order to fund the $8.6 billion for border wall funding and the $861 billion in increased military spending called for in his new budget: cut all funding for the arts and humanities, public television and radio, and libraries and museums.

"For the third time in a row, Trump’s proposed budget plan calls for the shuttering of the National Endowment of the Arts, the National Endowment for the Humanities, the Corporation for Public Broadcasting, and the Institute for Museum and Library Services. The cuts come to a total of $897 million."


The rest of the story:
The White House says the cuts are part of the elimination of "wasteful or unnecessary spending." As if it couldn’t get worse, Trump budget would cut all funding for arts, libraries by Alexandra Jacobo (Nation of Change)

Budget deficit. So what.

Liberals and progressives need to think twice about making an issue of deficits. The federal debt, per se, is not a problem. If the government uses deficit spending to invest in the nation's future prosperity, as it must and should, we would not have a complaint. What needs to be attacked is our retrogressive tax system, corporate welfare, and military waste and adventurism. Deficit funding -- of efficient and economically competitive infrastructure; health care; lifetime education (not just pre-K to college and technical school, but skill-maintenance and retraining to avoid obsolescence); housing; and guaranteed basic income -- would be a bargain in the long run. Fetishizing the federal deficit runs the risk of making needed spending too expensive politically.

Water, water everywhere...

I'd bet the word I use most often in political discussions is "infrastructure." Along with education, it was infrastructure that gave us our biggest advantage over economic rivals in the 20th century. Natural resources are abundant in North America, of course, but it was government infrastructure spending in the form of railroads, electric grids, highways, port facilities, and so on (and a work force trained and educated in publicly financed schools) that enabled us to convert resources into wealth. Forty years of feckless leadership has squandered this advantage; a succession of Democratic and Republican regimes has presided over the transfer of public wealth into private hands, leaving virtually nothing to spend on the commons.

The penalty for allowing our government to devolve into kleptocracy is coming due, however.

Take water as an example. Even though it is more important to life than any other factor, we treat it with about as much consciousness as goldfish in a bowl. Even now, with two-thirds of the country in severe drought, with aquifers, lakes, reservoirs and rivers drying up -- even the Mississippi is close to being unnavigable for lack of water -- we routinely waste unconscionable quantities of H2O. And the crumbling infrastructure is making a bad situation worse. According to the U.S. Geological Survey, we "lose" 1.7 trillion gallons of water each year -- enough to supply 68 million people -- to aging, leaky pipes (650 water mains burst on the average day). As the population grows and the supply of water declines, we will be forced to make changes in everything from agriculture to personal hygiene. And security planners say international tensions caused by water disputes will be a further burden on our ability to be the World's Policeman. Upgrading our water infrastructure will cost a bundle, at least $1 trillion, probably a lot more, but the costs of not doing anything -- in disease, productivity, unrest, and so on, are sure to be far greater. If we fail to act, and access to clean water dries up, we won't last much longer than goldfish flopping next to a broken bowl.

As with all our infrastructure problems, we have to resources to set this right, but doing so would require two seemingly impossible changes in our politics: we would need to raise taxes significantly and we would have to reorient our national priorities away from militarism and corporate welfare and toward spending for the common good. Neither of these outcomes is possible unless there is a radical updating of our political system to make it more democratic. Constitution 2.0 is long past due.
 
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