If anybody was wondering, and it’s not that I think you
were, I didn’t watch the State of the Union. I’ll read the transcript and watch the video
later.
I expected there to be talk of gun control and entitlement
reform. Was I right?
Anyway, what he needed to say was that we should be
borrowing money by the boatload. People are
paying the US
to buy bonds so they can park their money in US dollars so we can borrow at
less than 0% interest.
If you could do that wouldn’t you?
Then we spend it as fast as we can fixing roads and bridges
and schools and water mains and the electric grid. We build schools, hire teachers and fire
fighters and police. That will put
millions back to work and the money they spend and the taxes they pay will fix
the economy and reduce the debt. It really
isn’t rocket science.
Then the President should have talked about Medicare for all,
allowing negotiation for drug prices, and eliminating the FICA cap and then
doubling Social Security benefits. Both of
those would also improve the economy and reduce spending on medical coverage.
I imagine none of that was mentioned last night. It should have been. Austerity will hurt the country and a lot of
people as well. Spending will fix our
problems – it worked during the Depression and WWII and led to the growth of
the world’s biggest economy and greatest middle class. Some talk about unions might be nice but
maybe that’s asking too much.
At any rate I might check out the speech later, but I don’t expect
to see anything I want to see in there.