Trillions for symptoms, but not one dime for root causes. Back in the early 1800’s there was a saying “millions for defense but not one cent for tribute”. It spoke of America’s determination to stand strong in the face of terror and extortion. Unfortunately today, we are seeing that we would rather throw money at the economic problems we are facing than address the root causes of these problems. Some of the solutions do not even cost money to implement. It was a fool hardy approach taken by the Bush administration and it seems like the Obama administration is willing to continue it. I guess it is more of the same instead of the change we need.
There are many myths about the economy including that the last stimulus bill and its payments didn’t work. They did. They worked in 2002 and they worked in 2008. They helped delay the downturn by several months and should be part of a new package. The problem is that unlike 2002 this downturn was more than cyclical. It had some stubborn root causes which went unaddressed.
This writer called for us to address the housing crisis back in February 2008. It is still not done. We don’t need to buy toxic assets. We need to give the banks compensation for modifying mortgages and entice them to mass modify ARM’s and troubled mortgages of people who are not literally on the block. Economists estimate that federally guaranteed 4% mortgages done this way would cost us 300 billion dollars. Yet it would save the average family several hundreds of dollars a month for as long as they keep that mortgage. That would do more than any one time check. Let’s do it. We could use the second half of the TARP or use it in the stimulus bill. We should also extend the temporary credit to first time homebuyers. It would cost 20 billion but as an interest free loan paid back over 15 years it would really cost us nothing but the interest we pay.
We should give aid to the states so they don’t raise taxes and layoff workers which would worsen the economy. I would say pick up 95% of Medicaid for two years and give block grants for “shovel ready projects”. We should also pick up unemployment, federally mandated student testing, at 100% for two years federally.
Energy policy should be in the stimulus because it will help create a long term recovery. It is also a national emergency.
Cut the corporate tax rate and give accelerated depreciation to small and medium size businesses. Give a $1000 a person rebate this summer and cut the payroll tax for two years in half so businesses are rewarded for each person they keep and people have more money every week.
Taken together these steps would save and create millions of jobs without socializing and regulating the economy beyond recognition.
Tell me, would that type of policy work better than putting down new sod, giving out contraceptives, and funding starving artists?
It didn’t work this time. The blue tide was too strong. I thank everyone who put their time, money, and heart into this race.
Congratulations to the winners. I have National Guard make up Thursday so I will not be at returns day. None the less I say may God give you wisdom as you continue to serve us Mr. Angel.
Noontime, September 11th 7 years ago, found almost all of us praying. There is a movement to pray in all 50 State Capitols and D. C. called Cry Out America. The gathering for Delaware is on the Green. Those so inclined are hereby invited.
It was a close campaign. Some very important issues were raised. I praise Mr. Lynn for his hard work to bring valid concerns to the people. The haphazard way the county makes policy has opened us up to million in liability and 38 lawsuits. The job base is shrinking not expanding. We need a better way to address the future of the county.
I welcome Mr. Lynn and his supporters. All of those who still believe we need change are welcome to join the team. I also believe we need to address issues of emergency preparedness, a positive business climate, and affordable housing. We need to win because we can not stay in put. Mr. Angel has accomplished what he sought to do. Now it is time to move forward. I welcome Republicans, Democrats, Independents, and everyone else in this campaign to improve our county.
Get the best in Primary analysis on channel 12 or WHYY.org. You also can get my perspective between 8 and 9:30.
It will be three years since Hurricane Katrina woke up America to emergency preparedness, and Kent county still isn’t ready for an emergency. It has been two years since the Dow/ Reichhold accident and we are still not ready. They couldn’t even handle the recent minor flooding in Kitts Hummock and Bower’s Beach. What if we had a chemical spill with toxic chemicals? What if we had a major storm and had wide spread flooding?
Tell me there is not a critical failure of leadership. The sad part is I doubt Kent county is alone. The state has made improvements but they didn’t filter down to the counties very well.
The lack of emergency preparedness concerns me. The Reichhold Chemical incident was our wake up call and our county leadership seems to have hit the snooze alarm. I testified before the state and city governments about our concerns, but I don’t see enough movement on the county level. The notification system is still not sufficient. The county needs to take charge and make sure the citizens are protected.
I know from my duty providing Katrina Relief with the National Guard that local government matters. Whether the relief operation went smoothly or was a source of frustration was directly related to the competence of the local officials. I saw elected officials who rose to being local heroes selflessly serve their community. They were models of leadership. I saw others get in way, and even divert aid to their friends. I saw first hand that local government matters. My family lives here and I am not comforted by our lack of coordination between first responders and the local government.
Each person needs to take responsibility for themselves and their families, but we still need government to keep us informed and help us when we need it. It is crazy for there to have been a chemical spill and the local hospital not be informed why people are coming in when the government is on site. It was beyond belief that people were going to shelters and Red Cross not be notified that the shelter was open let alone to stock it. It is absurd that there are no sirens to go off during an emergency because they are loud. It is sad that a recent storm came and people were stuck in their homes because the roads were flooded and the government didn’t even invest in marking the roads so emergency vehicles could find them. Every year we still have failures. It is like we heard the wake up call and hit the snooze.
We need at least one person to bring up these issues for the sake of your families. We need real change.
…At least we paid for this year. Cost of Government day came this week. “Cost of Government Day (COGD) is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of spending and regulatory burdens imposed by government on the federal, state and local levels”, according to Americans For Tax Reform. Congratulations, my fellow Americans, you are now free to look out for yourself and your fellow man.
The worst part of the sad fact that Americans work the equivalent 197 days to deal with the economic consequences of government is that it will likely get worse. The entitlement bomb is crying out for reform. According to the Concord Coalition we face 53 trillion dollars (present value of money terms) of unfunded liabilities if we don’t implement reforms. That is about the equivalent of the world’s economy. If you took every dollar earned in the world this year, you could pay the promises Congress has made the people. That should be a wake up call.