Saturday, November 20, 2010

Not quite an obituary

But Bob Herbert examines the sad case of the American Dream. What is left is in pretty bad shape.
The human suffering in the years required to recover from the recession will continue to be immense. And that suffering will only be made worse if the nation embarks on a misguided crash program of deficit reduction that in the short term will undermine any recovery, and in the long term will make true deficit reduction that much harder to achieve.

The wreckage from the recession and the nation’s mindlessly destructive policies in the years leading up to the recession is all around us. We still don’t have the money to pay for the wars that we insist on fighting year after year. We have neither the will nor the common sense to either raise taxes to pay for the wars, or stop fighting them.

State and local governments, faced with fiscal nightmares, are reducing services, cutting their work forces, hacking away at health and pension benefits, and raising taxes and fees. So far it hasn’t been enough, so there is more carnage to come. In many cases, the austerity measures are punishing some of the most vulnerable people, including children, the sick and the disabled.

For all the talk about the need to improve the public schools and get rid of incompetent teachers, school systems around the country are being hammered with dreadful cutbacks and teachers are being let go in droves, not because they are incompetent, but strictly for budget reasons. There was a time when the United States understood the importance of educating its young people and led the way in compulsory public schooling. It also built the finest higher education system in the world. Now, although no one will admit it publicly, we’ve decided to go in another direction.
30 years of reactionary ascendancy has gutted our country and diverted our wealth into the hands of a few. The economy will only grow when the money flows through it again. And that will only happen when we get smart enough to tax the shit out of people and corporations who are sitting on it.

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