Three seems to be a magical number for humans and especially for the religious. But this is not about religion; it is about the idiocy in DC. Or is the idiocy there a religion?
The latest in a non-ending series of economic terrorism abetted by our nation’s witless leaders is strangely titled the sequester. Try to attach that word with something to do with finances. There is no connection, which clearly designates the term worthless. And the idea as well. Nonetheless, it it the big topic in DC and for that matter, all throughout this nation. This week, at least.
Cut, Cut, Cut. Another triad. Of course there were the Three Stooges.
The title of this post is from the 4th chapter of the ebook, Here’s the Deal by the Washington bureau chief of theNew York Times David Leonhardt. It was released this month.
Note that the pig has 3 slits and the triad: taxes, spending cuts and investments. Oddly [not really] the word investments is not heard among the din raised by our so-called leaders. The first two seem to be the only two solutions offered. Rather, Leonhardt suggests that the third option, investment, ought to rise to the top of the swill. He writes:
“Perhaps the single most counterproductive deficit-reduction approach the country could adopt would be reducing money for high-return investments. It would save millions now at the expense of billions later. One of the most promising deficit-reduction strategies, strange as it may sound, involves spending more money on such investments.”
By ‘such investments,’ he refers to those invested by the government, often during times of crisis. He lists investments in synthetic rubber, penicillin, radar, the radio, the jet engine, the semiconductor and the technology behind oil and gas extraction, the Internet and modern biotechnology; the construction of the Erie Canal, the transcontinental railroad and the interstate highway system.
These were funded by the government through both military,scientific and medical research projects. Investments in ‘products’ such as these by private investors would never result in profits worth the investment capital. The author further notes the importance of investment in education. He writes:
There really is no secret about why education would be the lifeblood of economic growth. On the most basic level, education helps people figure out how to make objects and accomplish tasks more efficiently. It allows companies to make complex products that the rest of the world wants to buy and thus creates high-wage jobs. Education helps a society leverage every other investment it makes, be it in medicine, transportation or alternative energy.
Yet those on the political right are determined to eliminate the Department of Education. And the Christian Right has science on its hit-list. Of course, both of these groups find a home in the wing of the Republican Party that calls the shots today. Leonhard notes that we have been consuming rather than investing. He says, “We’re suffering from investment-deficit disorder.”
But we will not hear any of this in the next 72 hours. Nada. Rather, the blame game will ensue and We, the People will end up where we always are: collateral damage.