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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-06-11 09:06 AM
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Taboo Economics
http://www.commondreams.org/view/2011/05/06-4

I have a proposal: Lets double US government funds devoted to promoting renewable energy. Lets expand allocations for foreclosure prevention to help another million Americans keep their homes. Lets launch a $10-billion infrastructure programme to repair crumbling roads and bridges. Lets double the number of new maths and science teachers that President Obama hopes to train, bringing the total to 200,000. And lets hire back all of those police officers fired by the city of Camden, New Jersey already among the most dangerous places in the country before budget constraints compelled it to dismiss half of its police force in December.

While were at it, lets reduce the deficit by about $40 billion.

This proposition is not voodoo economics. It is taboo economics. All of these things could be accomplished by trimming US military spending by just 10 per cent. Some of these suggestions (teacher training, Camden cops) are trifling items by the standards of Pentagon budgeting, together accounting for less than the cost of a single Lockheed Martin F-35 fighter jet.

Last year, the New York Times website offered an interactive feature, through which readers could attempt to balance the budget by choosing between a variety of cost-saving measures. The exercise showed that runaway healthcare expenses must be controlled for the US government to remain solvent in the long term. Yet, even with the troublesome burden of our private healthcare system, covering the projected 2015 budget shortfall was easy, provided you did two things: allowed Bush-era tax cuts to expire (including estate tax cuts for the wealthy) and opted for a selection of modest rollbacks for the military.

More at the link --
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