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OpEdNews Op Eds    H3'ed 2/23/20

The Real Cost of Doing Nothing

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Yet when Warren and Sanders propose ambitious plans for reducing empirically verifiable costs of large and growing public problems, they are skewered by fellow Democrats and the press for not having ways to pay for them.

A third line of criticism is that Sanders' and Warren's proposals are just too big: they're risky, they may fail or have unintended consequences, they'll be difficult to implement.

This argument might be convincing if the problems Sanders and Warren address were growing slowly. But if anything, they're speeding up. Experts on the environment, health, education and infrastructure are nearly unanimous: these problems are worsening exponentially.

We can no longer pretend that climate change, a wildly dysfunctional healthcare system and a yawning deficit in public investment pose insignificant challenges. Doing nothing or doing too little will make them far worse. Obsessing about the cost of addressing them without acknowledging the cost of failing to address them is dangerously irresponsible.

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Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

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