Krugman and Brooks can argue all day, but the way to save our economy is obvious.
Stowe Boyd, the guy behind Underpaidgenius.com recently posted something about a cat fight between economy-heads, David Brooks and Paul Krugman—however, the most important thing that was mentioned in the post was Boyd’s own commentary:
Only people like Krugman are telling us what’s actually going on: 75% of the Federal budget is going to war, social security and health care entitlements, and financing our debt.
What we should be doing is nationalizing health care and shutting down the wars in Iraq and Afghanistan, and continued stimulus to get the economy running on all cylinders again. Not ‘austerity now’ baloney.
I’m sure that 75% number isn’t exact, but if you are paying attention to what the USG spends its/our money on, you know it’s a very safe estimate.
Essentially, what’s going on here is that, America is falling apart and the USG doesn’t want to practice the tough love that is clearly required to force the big corporations to actually give a crap about the folks that got them where they are today (us).
A child can understand the basics of how our economy works (if the child would be trusted with the truth, anyway). The reality is simple: a strong economy means a strong dollar. This means we must add value to the dollar by creating more inside the US. This starts with jobs at companies that make stuff here or provide services here.
It’s really that simple. What’s slowing us down? Companies that want to continue to make more with less. It’s all about TheGreed at this point…