I’ve been hearing quite a bit of flack about our fearless leader’s new spending plan. Old school capitalists and hardcore Republicans are calling out America’s death toll, running for the hills because the sky is falling.
I’m no economist, in fact, I have a fairly serious dyslexia when it comes to numbers. The just get all garbled in my head and fade almost instantly, so take my opinion for what it is worth. But I will say, this plan makes perfect sense to me.
Let me put this into a metaphor. Lets say you run a house painting business–you have a small truck, some old equipment, and, lets say for arguement, you just happen to be the best house painter in the world. Now, even with all the talent you possess, the business is failing. You need to get the word out there, you need to sell your services, and you need to pull in more jobs and do them faster.
How do you do that? You hire people, taking time to train them to your level of desired skill. You buy more equipment for the new workers, and spend money on advertising your business. You buy new trucks, and put a little eye catching gloss on your image so that consumers will be attracted to your business. All of this takes money.
The point is, who is going to make more money and be solvent enough to pay off debts–the guy with a fleet of trucks, well trained workers and high profile advertising, or the guy with a beat up truck and no one to help? Americans are still coasting on the idea that we are #1, but the numbers tell a different story; even I can see that. We absolutely need to invest in a broader scope. A system in which 5% of the people control 95% of the wealth is NOT something to be protected. You can call foul on the perceived Socialism that is coming, but it doesn’t change the fact that we really, really need to do something.
I think wealthy people consider their money theirs, and theirs alone, and as a Libertarian I admit, if you earn it, it is yours. However, what they fail to account for is that America, all us ‘little people’, are the very asset that makes them rich, and they should have to pay for the use of that asset. Without a solid middle class and a well trained and inspired lower class, there are no rich people, there is no capital to generate. You cannot make your fortune if everyone else is broke.
I understand that spending one’s way out of debt might be counter intuitive, but there is a big difference between macro and micro economics. America, for better or worse, is still going to be here. Even if the government collapses and the currency becomes worthless, we the people are still going to get up in the morning and try to figure out a way to feed ourselves and our families. I’m not suggesting that total social breakdown is a GOOD thing, I’m making the point that people are going to be motivated to live and thrive no matter what. Obama is attempting to give us the resources to do just that, to increase our resources so that we CAN pay it all back someday.
It may not work, but I will say this–I would rather this country go broke trying to repair ourselves instead of going broke trying to destroy other countries in some Neo-conservative wet dream of global domination. The weathy and the scared put a man in power that really messed things up; time will show to those who put him there just how much worse he made things for them. By creating a bubble that raised the lucky few so very high, they are going to find themselves with no where to stand, and a long way to fall.