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Causes and Cures for our Current Debt Crisis

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Richard Backus
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These problems could be solved in a single day by the U.S. congress. They only need to give up the AMA's, ADA's, hospital's, insurance company's, and pharmaceutical companies' more-than-generous "contributions"- to their political campaigns and vote for a single-payer health system developed in the interest of all the country's citizens.

An even-more important single law would quickly solve the U.S. trade imbalance (at least eliminating the unfair wage advantage of foreign workers over their their counterparts in the U.S.). The U.S. congress simply needs to promote legislation requiring a worldwide (living) minimum wage for workers producing internationally-traded goods, with a proviso that products of non-complying countries be subject to an "equalizing"- tariff based upon wage and benefit differentials. Not only would U.S. and other western countries' trade imbalances disappear, but workers worldwide would benefit. It's time for all good people everywhere to demand a living wage for workers of all countries. Every man working in full faith for 40 hours a week deserves, as a matter of morality and justice, to receive a living wage for himself and his family! Anyone tolerating or condoning less than this should be recognized as an "exploiter"- and suffer the disdain of his fellow citizens.

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Richard Backus is a journalist specializing in economics and politics.He has degrees in physics and engineering, and considerable experience in computer systems development. He is single, a good bridge player, and an enthusiastic tennis player.
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