A prerequisite to considering solutions to America’s financial needs is to start with a clear definition of the overarching problem. That is, conservative ideologues oppose government’s role in optimizing return on national resources, while moderates recognize that engineering a sustainable economy requires public and private collaboration, and partnership. The political left is a small fringe these days when comparing the population’s needs and how America is thinking. Conservatives like to trump up a fight with the left, but the left truly doesn’t exist.
The Middle Class is shrinking. 15% of Americans live in poverty while 35% live on the edge. Factor that with 1% controlling 90% of the wealth and that points to a problem. Exacerbate that with a slow economy that fails to produce sufficient upward mobile opportunities, and you have an economic calamity.
Conservatives and wealthy Americans control the business sector that is failing to produce sufficient growth and revenue. That is a big part of the problem. Instead, conservatives blame the increasing demand for social needs and services on poor people and now the Middle Class. They say, that the problem is that the government has grown too big. It has gotten bigger because the problems created by economic mismanagement have produced more people in need.
The symptom is big government, but that is not the problem.
The top three elements of a solution to the nation’s fiscal needs and problems include:
1. Sustainable essentials
2. Economic growth
3. Revenue increase
Increasing revenue to fund government obligations is essential. Halting foreign policy that we cannot afford is a first step. Priming business enterprise to invent the technology we need for a sustainable economy is the primary stimulus required to expand the economy and increase needed revenue.
This article expands consideration of these elements in the annotated list.