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Key to U.S. growth is building wealth, not entitlements

Larrry

Well-known member
Key to U.S. growth is building wealth, not entitlements

Democrats should focus on a new signature cause: policies that build national and individual wealth.
AP
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For much of the 20th century, progressives put their political capital into building a safety net to protect Americans against market excesses. They aimed for economic security from cradle to retirement.


Today, many on the left say that health care reform is just one more step in this effort.


But it would be a mistake for Democrats to make expanding the entitlement state the defining goal in the 21st century as well.


Rather, they should focus on a new signature cause: policies that build national and individual wealth.

For Democrats, who may be more familiar with how to cut up the pie than increase its size, this marks a significant shift.


Progressives have been reluctant to champion a pro-growth, pro-business, pro-wealth agenda — particularly in the financial meltdown of the past 18 months.


But if Democrats are going to remain politically relevant and govern effectively, there are three reasons to organize around expanding the economic pie.


First, the United States is now about as close to being Denmark as can comfortably fit our values, vision and economic model. Because of the progressives’ relentless efforts, we’ve eradicated many extreme privations of hunger, poverty and old age that marred the American experience in the past 75 years.


Health care reform now weaves the last major thread into our social safety net — a robust system that includes not only guaranteed health coverage access but also Social Security, Medicare and Medicaid, disability and unemployment insurance, welfare, disability, food stamps and housing vouchers. Let’s declare victory and move on.

Second, a new growth agenda could help preserve the long-term viability of the existing safety net, which now looks to be on an unsustainable trajectory. Our publicly held debt is projected to triple to $18 trillion in 2020 from almost $6 trillion in 2008, according to the Congressional Budget Office.

http://www.politico.com/news/stories/0510/36825.html
 

Larrry

Well-known member
don said:
seems like your banks, car manufacturers and oil companies are the ones wanting entitlements.
Exactly, along with unions, acorn type groups onto welfare to able bodied people.

But the biggest one with their hand out expecting entitlements is the US gov so they can blow at their own free will.
 
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