Who's responsible for the US's massive debt? You and I!

Why does the President always get blamed for the economy, but Republicans in Congress get a pass?

To take one statistic that President Obama is often cited for by his critics, long-term unemployment. Those numbers have risen because of things like Baby Boomers leaving the workforce to retire, among other positive signs. The influence of retiring Boomers on the economy and statistics like jobs numbers will continue as the wave of Boomers grows, and peaks. Whoever is President in that period should see that number rise, and that's a positive sign that the economy is strong enough that they feel confident enough to retire rather than stay working. 

So when his critics - say everyone at Fock Snooze or the rest of the Conservative talking heads - cite these numbers, they should - but they don't - discuss why the numbers have changed. It's disingenuous to suggest they're something they're not.

As for the rising debt, what other course would  he have taken? It's entirely incorrect to use the family budget comparison that people like Paul Ryan employ - families can't print new money as needed nor are family budgets comprised of billions of line items; the complexity difference should suggest that anyone using the comparison really does not understand the complexity of the Federal economy - but that's often cited by budget conservatives as reason to cut the budget. 

Neither a family nor a nation can cut its way out of debt. The only hope is to raise income. For the family, that means a new revenue stream - someone else working or someone bringing in more money. But for a government, that means helping citizens make more money so tax revenues will rise proportionately, which in turn are used to pay down the debt.

But, just like FDR used debt to rebuild our economy following the Great Depression, had we not incurred new debt, our economy would have flatlined because in order to make money available to lenders - banks - to lend to businesses to finance new ventures or expansions in order to grow the economy, the US had to borrow it from abroad. At that point, new money can be made available - printed or made electronically utile - for workers who then spend it and it recycles throughout the economy, including a portion of which goes to pay down the debt.

This is also one of the reasons that being tied to a gold standard is like having an albatross around one's neck. If you only have a specific amount in the treasury, you can only print notes or make electronic funds available in that amount. A gold standard note - or even a treasury note for that matter - is a check. A gold standard bill is owned by the government, whereas a treasury note is owned by the central bank. So the more money you must print as both your population and economy grow, the less each note is worth because just like your own checking account, if you have checks and have to split the money in your account evenly between them - just as each $1 note is worth the same as every other - then the notes - or checks - become worth less the more you have to write or print. Simple math. But being able to borrow new money - incur debt - allows the government to add money to the treasury as needed to insure that everyone has money available to them. Yes, wealth still accumulates, but with a gold standard, we would have long ago run into the situation wherein the wealthy would own everything and the poor would own nothing because, eventually, the wealthy would have ended up with ALL of the limited gold-backed notes. The problem of continuing down that road is self-evident. It's not even up for discussion, and that's why even fiscal conservatives only mention it - the few who actually understand it, that is - when the rabble get fired up about it by some radio dittomonger. 

No President creates jobs. None. He doesn't own the companies that actually create them. All he can do is to make enough money available that banks feel comfortable enough to lower interest rates - following the Fed's lead - and making massive amounts of money available to investors so that they feel comfortable enough to borrow. 

That money has been available for several years now. But what has happened is that multinationals have used the opportunity to move either their headquarters or their operations offshore to increase their bottom lines while putting Americans out of work, and they're doing it on American taxpayers' dimes. Or trillion-dollar notes, as the case actually is. The President can't stop that. Congress must. And both John Boehner and Mitch McConnell have refused to allow legislation to pass that will prevent American taxpayers' money from being used abroad. 

Add to that that Conservative media like Fock Snooze and others have used the opportunity to fearmonger rather than unite the republic. 

The debt has grown because people think that jobs aren't coming back. They are. 

The debt has grown because people think that the government - meaning the President because they give the real problem, Republicans in Congress, a pass - isn't doing enough, so it has to continue to borrow money to make more and more of it available - which it is in unprecedented measure - in order to create new jobs. The jobs are there. What's not there is an honest media which will put partisanship aside and tell the truth.

The debt has grown because American corporations have used American taxpayers' money to fund their overseas expansions and tax evasion.

The debt has grown because Americans have been duped into thinking that the economy is too complex for them to understand unless the false equivalence of a family budget is used, and they can't make sense of it because you can't explain a complex system of that order using an example that doesn't fit.

The debt has grown because Americans have been lied to for so long, so deeply, and so broadly that they think that the guilty parties are innocent, and the innocent parties are guilty. 

The debt has grown because Americans demand cheap goods from abroad. We want to shop at Walmart and Kmart and Target and dollar stores, and we want cheap goods, and the only way to secure those things is if you have enough money in your account to make your currency worth more than that of the person from whom you're buying things.

The debt has grown because we demand that it grow.

Who's responsible for the debt growing? You and I.

Civilian Conservation Corps Redux - It's Deja Vu All Over Again At Area 54

The rewiring of America could easily and less-expensively be done with a national service plan like the CCC. 

Besides rebuilding our transportation infrastructure, our electrical grid and fiber optic futures could be secured while simultaneously providing young - and older - with work that anyone would be able to look back on with pride; work that would pay instead of unemployment or other Federal, state, or local aid. Work like our grandfathers were proud to point to and say, "I built that!"

Imagine large tent cities where CCC 'Conservants' come in after a disaster and help communities clean up and rebuild in a matter of weeks rather than long months, or even years like after Katrina. 

Imagine government and industry partnering to provide Master Builders, Master Electricians, Master Masons, Master Plumbers, Master Roofers, Masters of all sort to train apprentices - Conservants - in a trade that they can use the rest of their lives and which will always be needed. 

Imagine that people learn to work together as one rather than pulling each on his own end of the rope so that nothing ever gets done. Imagine those Conservants going back to their communities after their 1-2 years of service to the republic and rather than sowing seeds of discontent, become the new voices of reason, just as millions of our brave warfighters have learned in their times of service.

The Great Recession was far deeper than almost anyone knew. We can point fingers, or we can fix it, but an industrious hand has no time for pointing. 

We have a national need. We have millions still out of work. We have gridlock in Washington, DC. And we have a proud history written in stone, wood, and forestland, the Crown Jewels which are our National Parks. The enduring structures built by our forefathers who served in the CCC are signs that when America wills it, we can - literally, if need be - move mountains. Our will can also protect them. Either way, it takes willpower to do it.

We don't have these testaments to the strength of our American resolve because our leaders thought small. On the contrary, they thought large, they thought in terms of centuries rather than decades, and they thought to wield the greatest weapon in our American arsenal in the war against apathy: American grit.

What we need is a President with the same, built from the steel that Detroit once hammered into the finest cars in the world. We need a President who can grip the reins of this mighty American beast and lead us down the path of renewed national service. 

He or she will certainly face opposition, mainly from Big Business whose current leaders are so blinded by short gains that they can't see the long game. That President will need to channel the man who championed our national park system - Teddy Roosevelt. That President will need to wield the bully pulpit if necessary and not back down from using it. He or she will need to lash opposition with the whip of public shame for failing to take up the cause until such time that they shrink from view and either join the cause, or retire in shame.

Between FEMA, our nation's military, and volunteers with needed skills who can teach Conservants, we can form a cadre.

There are over 11 million unemployed Americans. No single person or politician is to blame for that; we all share in that burden, and in the responsibility for its cause. But it's time to move on. This is how we do it.

       

Some of you will no doubt say that it will cost too much. I answer that by saying that we're already paying it, we should get something for our money. This will have the added value of an ongoing national service program that can help train those who have no plans for college, or help those who do set aside a special educational fund created just for Conservants.

Yes, it will be an enormous undertaking. Yes, it will require building a cadre. Yes, it will require purchasing equipment or repurposing military equipment and then letting our military have the new replacements.

Yes, it will take resolve. Yes, there will be a rocky path. Yes, there will be corruption. Yes, there will be dissent. Yes, there will be every sort of crime committed by the same demographic wherever they are.

Yes, we can do it.

Or, we can sit on our hands and hope this crisis fixes itself.