It’s a lifeline to those who the U.S. have promises to keep. To those that are collateral damage from U.S. macroeconomic policy. To people who need to be bailed out, because the U.S. values it. Anyone who received a loan as a part of the attempted reparations of the Clinton era is not at fault in my opinion.
It’s also a down payment into infrastructure projects, but unlike WWII we are not building factories to build bombs, fighters, war research, and war machines. We are benchmarking the money for hospitals, medical research, green technology, repairing all those roads and bridges that we build back in 1940, and generally re-defining what the U.S. is.
This is an opportunity to completely shed the military industrial complex that was the U.S. into one that is different, maybe a technology industrial complex. Technologies in environment, healthcare, efficient cars on efficient roads, etc... What an exciting time to do what you want to do...in the name of good progress and good growth. Personally, I think the priorities should be healthcare, energy, and the environment. These are sectors that can lead to great immediate benefit as well as provide long term meaningful employment for future generations.
Sacrifice
The U.S. will have to borrow money to keep its promise to baby boomers (Medicare & Social Security), to African Americans in the form of reparations, and to rescue and reshift the work force.
And my generation and the next generation will bear the costs.
I am willing to bear the costs. The Great Depression had a $5.4 trillion dollar bailout in the form of WWII that left us with a military industrial complex.
This recession (depression?) will need more than the current $785 billion dollar bailout. It was just that, a bailout. We'll need stimulus dollars next.
As the requests for $5 trillion more in infrastructure spending (i.e. stimulus) come in, let's make sure we're building the infrastructure that is important to us. Unlike the Great Depression, WE HAVE A CHOICE about what we can spend the coming $5 trillion on. The U.S. has an opportunity to redefine itself. This is our trade. My generation and the next generation will define what the U.S. will be. In exchange, we're funding the baby boomer ponzi scheme. I hope I can end the ponzi scheme and not pass the debt to my children. But these are justified costs, costs that arose from racism and war.
Obama, it's your show. I'd love to help you out.
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