Is the party over in America? Are we just to become another second rank nation?
by Charlie Leck
Here’s a tease! Paul Krugman’s August 8 column in the NY Times is really worth reading. I’ll provide its opening below and you see if you can then resist going to read the rest.
“The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno.
“Meanwhile, a country that once amazed the world with its visionary investments in transportation, from the Erie Canal to the Interstate Highway System, is now in the process of unpaving itself: in a number of states, local governments are breaking up roads they can no longer afford to maintain, and returning them to gravel.
“And a nation that once prized education — that was among the first to provide basic schooling to all its children — is now cutting back. Teachers are being laid off; programs are being canceled; in Hawaii, the school year itself is being drastically shortened. And all signs point to even more cuts ahead.
“We’re told that we have no choice, that…” [to read the rest of the story, click here]
Why is it happening? Krugman’s got it nailed! How could it be fixed? Krugman is right on! Then why won’t we fix it? Krugman explains!
Can you still resist reading what he’s got to say? If so, you’re amazing!
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What's amazing to be is that economists like Krugman do not address the the enormous cost of being a Superpower. Money that goes to nation building and support as well as wars we cannot win should be diverted to building our own nation.
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