Below I cut and pasted words from an article published in the Wall Street Journal by Bernie Sanders. I promise that while I didn't want to take all his words, I did not misrepresent his meaning. I took enough words so you could see what this guy wants to do to our country.
Looking at each individual item, you might say he sounds reasonable. There is a lot in the USA that should be fixed.
But pay attention to his last line where he concludes by saying "it is time for bold action."
Make no mistake, he wants to do it all at once within the scope of a $3.5 trillion Reconciliation Package.
I don't need to say much else. I just ask you to read his words and then wonder if we can handle bold action. He is not the least bit shy here. And he shows absolutely no worry that we can make significant progress on so many fronts. You might say that if you don't wish big you won't ever reach your dreams. I could also say that if you wish too big then maybe you are in the wrong profession. Is he a politician or a preacher?
It reminds me of you or me declaring that we are going to get really smart. It is time to act and so we are going to become really smart with respect to biology, economics, physics, astronomy, leg pain, cooking, habits of crows, and a few other things.
It sounds good, right? But really, how do you quickly become an expert in all those areas? Bernie has no worry about doing a lot of things boldly at once. His actual words are below my summary of his list. What do you think?
My summary: Make rich people pay their fair share of taxes, reduce the greed of pharmaceutical companies, reduce child poverty by extending tax credits, reduce our dysfunctional child care system by capping childcare expenses, expand higher education and job training by making community colleges free, guarantee paid family and medical leave to all, expand Medicare for seniors by making hearing aids and glasses free, provide healthcare to all uninsured people, provide enough doctors, dentists, and nurses in underserved areas, help seniors and others with disabilities to get care without leaving their homes, make unprecedented investments in affordable housing, provide pathways for citizenship for undocumented persons, move our transportation, electrical generation, buildings and agriculture towards clean energy, and hire hundreds of thousands of young people to protect our natural resources and guard against global warming.
That's all he wants to do. All we need is bold action. Below is much of the article he wrote.
Bernie Sanders: Why
We Need the $3.5 Trillion Reconciliation Package
- August 3, 2021
By: Bernie Sanders; Wall Street Journal
THE AMERICAN RESCUE
PLAN BOOSTED THE ECONOMY DURING THE PANDEMIC. BUT IT DIDN’T GO FAR ENOUGH.
The bad news is that the American Rescue Plan
didn’t address the long-neglected structural crises that many U.S. families
face.
But we will use it (the reconciliation process)
to support the middle class and struggling families and, in the process, create
millions of good-paying jobs.
Here is some of what is in the $3.5 trillion
reconciliation package that the Senate Budget Committee agreed to:
We are going to end the days of billionaires
not paying their fair share of taxes by closing loopholes, while also raising
the individual tax rate on the wealthiest Americans and the corporate tax rate
for the most profitable companies in our country.
We will take on the greed of the
pharmaceutical industry, which charges U.S. residents the highest prices in the
world by far for prescription drugs. Under our proposal, Medicare will finally
be allowed to negotiate prescription drug prices with the industry.
We will end the absurdity of the U.S. having
the highest levels of childhood poverty of almost any major nation by extending
the Child Tax Credit so families continue to receive monthly direct payments of
up to $300 a child.
We will radically improve our dysfunctional
child-care system so that no working family pays more than 7% of its pretax
income on child care, and we will provide universal pre-K to every 3- and
4-year-old.
We will expand higher education and
job-training opportunities for students by making community college
tuition-free for all Americans.
We will end the international disgrace of the
U.S. being the only industrialized country not to guarantee paid family and
medical leave. Women shouldn’t have to return to work a week after giving birth
because they have no paid leave and can’t afford to stop working.
We will expand Medicare for seniors to cover
dental needs as well as hearing aids and glasses. We will also make sure that
we have enough doctors, nurses and dentists in underserved areas, while
expanding Medicaid to provide healthcare to the uninsured.
We will give hundreds of thousands of seniors
and people with disabilities the ability to get the care they need in their own
homes instead of in expensive nursing facilities.
We will also address homelessness and the
national housing crisis by making an unprecedented investment in affordable
housing.
Further, we will provide undocumented people
living in the U.S. with a pathway to citizenship, including Dreamers and the
essential workers who courageously kept our economy running in the middle of a
deadly pandemic.
Perhaps most important, we will begin the
process of shifting our energy system away from fossil fuels and toward
sustainable energy to combat the existential threat of climate change. This
effort will include a nationwide clean-energy standard that moves our
transportation system, electrical generation, buildings and agriculture toward
clean energy. We will also create a Civilian Climate Corps, which will hire
hundreds of thousands of young people to protect our natural resources and fight
against climate change.
Now is the time for bold action.
I’m still a faithful follower of your wisdom, but I’m socially devastated as your old Barber that I didn’t get to buy you lunch during your Bloomington visit. Crosstown no longer exists and I’m at Bill’s Barbershop in Bloomington. Look me up next time you’re in town. Drinks are on me !! Frank
ReplyDeleteSo nice to hear from you Frank. My trip to B'town was very brief this time. Not sure what will bring me back there again but I would love that lunch whenever I do. If you are ever out in the great Northwest give me a hollar. Best.
DeleteI think it is possible that you and Bernie just came together on at least one point: Interest in an offer of a "free lunch"! ( Just kidding!).
ReplyDeleteThanks Ed. You have a sharp eye.
DeleteThis is a bit tangental to the discussion but I'll make the comment anyway. Fed Chair Powell, along with his predecessors has gone on record saying that a return to many traditional aspects of the pre-pandemic economy is not likely to happen. He cites work-at-home, changes in buyer/supplier interaction behavior, revised business models to take advantage of lower costs and surprisingly robust profit margins, as well as some other changes which are essentially behavioral in nature. Today's WSJ points to some rethinking at Ford about their dealer distribution model--not to address the chip shortage--but to capture the lower costs of taking delayed orders for vehicles rather than producing larger inventories and the increased profits that have arisen from customer willingness to pay more due to the perception of scarcity. Addressing the chip shortage as a strategic capability problem for the US is not on the radar screen of any particular vehicle producer. Coupled with these developments are an increase in robotics and away from human labor, the latter being subject to things like COVID, the former obviously not. There also seems to be a trend away from lower paid service providers in the travel, leisure and restaurant business which may or may not be temporary and which are also subject to revised business models with the same cost reduction and profit enhancing goals. Where Bernie's considerations ( however extreme) bear thinking about is the obvious impacts on worker retraining,housing, child care, health programs, etc.--perhaps not in anyway to the lengths he is willing to take them. But big business model changes do have social consequences. Sadly, I do not see any path forward that will bring the differing views to the table but I do forecast that the piper will be paid for failure to simply see these issues as somebody else's problem.
ReplyDeleteThanks Ed, Interesting point. Yes, it is hard to see how political ideology can be overcome. But I agree with you that they need to. While Covid itself might be temporary, the changes in lifestyle and habits will likely endure. Working at home and childcare are good examples. So we should be ready to embrace some significant changes in government. It is sad that we don't have practical analytical minds in Washington to work on those. Instead we have politicians like Bernie who care about little more than their own ideological reputations and re-elections.
Delete