Money Worries

The United States has morphed from a manufacturing society to a service society, leading to the greatest number of unemployed/underemployed Americans since the Great Depression. With working Americans making less and less, the U.S. is running out of funding for its welfare programs. This is happening at a time when programs like health care and welfare are becoming more and more necessary.

The U.S. government has become too dependent on foreign debt, largely due to our unfunded wars. Unnecessary spending on wars should not be an excuse to cut government spending on necessary programs. With tax reform, we could cut debt while making sure Americans can still live secure in the knowledge that they will be able to retire and care for the poor.

We need to fix the system to provide for America without punishing working Americans.

We should not have to depend so heavily on foreign imports. We are losing $600 billion a year in our trade deficit. If we make more here, that money could remain in the states, keeping the middle class alive. We have had a trade deficit for too long. Tariffs should be a part of the answer – other nations should pay for the privilege of selling to the largest consumer country in the world. In addition, reducing the income tax and adding a value-added tax would also level the playing field and bring back American jobs.

Companies should not need to rely on outsourced jobs. Self-sufficient American companies should be incentivized to hire American citizens and penalized for outsourcing. Corporations should be held responsible for the damage they are doing to the American economy.

We need to work now for the future generations. America ranks below the top 20 countries in education. This is unacceptable. Without a proper education, the youth of today will not be able to ensure a better tomorrow. In addition,college education or vocational training should be affordable to all.

Net neutrality, green technology and space exploration should also be a top priority to keep the American economy healthy and strong. We should be leaders in these fields, not followers.

There is no reason the U.S. should be renting shuttles from another country to get our people into space. America, it is time we broke free from our vicious cycle and started fresh. Not with blood or bullets, but with real hope and real change.

The New Dream for America should be equality and an ever forward vision for a better future for the coming generations. Let’s stop talking about it and let’s work together and make it happen.

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Editor's Note:  This article was originally published on November 20, 2011, at Economy In Crisis. Photo: Licensed by LikeTheDew.com on iStock.com. © haydenbird
E. David Ferriman

E. David Ferriman

A graduate of Franklin University with a Bachelor of Science in Digital Communications, E. David Ferriman is President/Director of Digital Communications for Economy In Crisis.