Tuesday, March 19, 2013

Put Down The Scissors

Everyone should be talking about the House Progressives' budget proposal. Not everyone agrees that we need to cut, cut, cut to reduce America’s deficit.

America doesn't have a spending problem. We have an investment problem. Despite the popular trope, a government budget is not the same as a household budget. We need to stop thinking of it as grocery list and think of it as a form of mutual fund.

We as taxpayers pay the government and, in turn, the government invests money to produce a return for the taxpayers. The discussion should not be, “what to cut.” The discussion we need to have is, “what to invest in.”

"We have been here before." Graphic CC Sean Thornton
It's not a waste of money to invest in bridges, roads, and schools. Programs like WIC, Social Security, Medicare, and Medicaid contribute to the general welfare of the country. Bridge and road projects create jobs, contribute to public safety, and help spur business development in new areas. Schools can create the next generation of software programmers or engineers that can help America compete in a crowded global market.

Our investment in defense is wasteful. We invest more in defense than the next 13 countries combined. What return are we seeing on that? It’s wasteful to invest almost $4 trillion in a decade long war in a country that posed no threat. It’s wasteful to continue spending $1.5 trillion on an over-budget fighter jet that can’t fly without knocking out its pilots.

We need jobs. We need well-paying jobs that provide people a living wage. We need to make sure people can afford health care. We live in the richest nation in the world. There is no excuse for children to go hungry or die from preventable diseases here.

People are a good investment. People are the smartest investment America can make. But it’s a responsible investment that the "party of fiscal responsibility" doesn't believe in.

Fiscal responsibility isn't about cutting spending and being afraid of taxes. It's about using our money in ways that will do the most good. We can get a solid return on our investments. But only if we choose the right priorities.


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