President Obama has continued George W. Bush's
economic policy since 9-11 of tax cuts and deficit spending to pump prime the
economy. Reliance upon kindling to start a fire can be expensive when there is
nothing to burn besides because the wood wasn't chopped. The U.S. economy may
have a hard time catching fire with so many drafts, constraints and dangers to
the environment and its resources from that internal engine of combustion.
President Bill Clinton's intelligence failures led
to the sacking of Glass-Steagle and the rise of Moslem terrorist threats to the
U.S. and eventually 9-11. President Obama continued that failure with his
present foreign intelligence team in Benghazzi and depleted the intellectual
capital inherited from the Bush II years that developed the capture of Osama
Bin Laden and wrapping up of the Iraq troop deployment.
It is President Obama's continuation of G.W.
Bush's economic policy of tax cuts and deficit spending that is the major
threat to U.S. economic stability ahead. Perhaps there will be a natural
readjusting downward economic collapse ever decade or two cycling the deficit
spending based economy.
With the immediate economic slump in the U.S.
following the twin attacks on the World Trade Center and Pentagon the two wars
against Iraq and Afghanistan stimulated the U.S economic without being paid for
with increased taxes. Like Obama deficit spending the wars were economic
stimuli added to the U.S. public debt. President Bush did not know of the
flimsy Clinton era reforms of banking and home mortgages well enough to
anticipate better than most Wall Street forecasters that the U.S. economy could
not survive the economic stress of two wars or tax increases. President Bush cut
taxes to stimulate economic growth and in December 2010 President Obama was the
head cheerleader for renewing the Bush II tax cuts for the remainder of his
administration.
With twelve years of deficit spending to stimulate
and economic that transitioned from bloated no-competition defense contractor
outlays to quantitative easing (printing dollars to buy U.S. bonds) with
trillion dollars annual federal budget deficit the U.S. economy cannot even
keep pace with population growth in job creation or environmental inspiration.
The hot air of deficit financed growth paying down trillion dollar annual
federal budget deficits is a failure to recognize the continuity of an economy
misfiring since 9-11 that needs fundamental reform and a different economic
approach.
I would like to point out that the United States
could be a leading example in showing how democracy and team enterprise can
lift all citizens out of poverty rather than circling the wagons around a
declining middle class attacked on all sides by their own lack of political
intelligence. A real perpetual democratic revolution in the U.S.A. would
renormalize from the growth of large stable and ad hoc elitist organizational
hegemony to one of individualistic enterprise and legal egalitarianism. The
United States should assure that no citizen lacks the basic food, transport,
shelter and minimum cash income needed to get the citizen out of circumstantial
economic whirlpools of oppression that cannot be escaped.
The pursuit of enlightened self-interest and the
concurrent pursuit of happiness require that individuals have the actual
opportunity to do so. A modern democracy should limit the size of corporations
and the number of corporations an individual can invest in to let government
and political expression per citizen be more meaningful. The broadcast media
should be reallocated to individual citizen podcast slices. If the media at the
time of the revolution were owned by just the rich it is probable that less
support for the revolution would have developed.
For democracy to mature as a political form it
must trust its own citizens enough to not feel a need to repress them in place
trough economic oppression. For many modern intellectual enterprises economic
stability is required even for basic ventures such as writing computer
programming or other intellectual capital development investments of time. If
an author must go without electricity and live in the stone age of a yurt
annually his or her productivity will decline-and that's simply socially extravagant
profligacy.
If the United States cannot mature in governance
to reform democracy such that it really works for all citizens (and secure
no-immigration borders are requisite of rationing governance) it isn't likely
that any nation shall. The citizens need to be encouraged to be active, healthy
and intelligent all of their lifetime. They should be able to be reactive to
environmental challenges and arrest the decline of life on Earth. U.S. citizens
should also have the intellect to create better lifestyles and dwellings
without displacing the ecosphere in which human life coheres. If the United
States cannot run a balanced budget and improve the lives of their citizens
from the bottom up then who can?
The down side of being a nation of immigrants is
that they can be fair seas sailing opportunists steeped in avarice that flee
from significant changes and challenges that require if not sacrifice at least
diversion from unreasoned consumerism. If the economy and environment are in
decline in then U.S.A. well heck, why not just invest over the border?