Wednesday, October 23, 2013

A Potpourri


The tea party debacle shutdown of the federal government kept us busy in weeks past. In that time good ideas were bandied about the internet and I reproduce a few in this posting.

Cory Booker, newly elected interim Senator from New Jersey and most recent mayor of Newark, New Jersey, offered this view to ponder:

“Before you speak to me about your religion, first show it to me in how you treat other people. Before you tell me how much you love your God, show me in how much you love all His children.”

With wisdom like this I have high hopes for Cory Booker and his service in the US Senate!  He has a gift of distilling important ideas to their core meaning and making it easy for all to understand. He reminds me of Bernie Sanders, Vermont’s independent US Senator, who said:

“At a time when the middle class in America is disappearing and wealth and income inequality is greater than at any time since the Roaring ‘20’s, we must not balance the budget on the backs of the weak and the vulnerable.”

Balance the budget is a good thing to work on. It need not be immediately managed. We can restore balanced budgets over time. It takes time to do this sort of task. Long term results count here, not short term ones. Remember the role of macro and micro economics? Macro pertains to nations and their internal economy. Micro economics pertain to households and businesses. The latter do not control the printing of money or the control of banking enterprises. Macro economics does. Deficit spending in the short term is a tool to invest in the nation’s ability to produce solutions to outstanding problems as well as fund the long term vision of quality of life for the masses.  It is our mortgage for the future.

Taking economic principles in pieces to serve ideological ends without justice profoundly destroys the mechanism of economics itself. We need to watch the whole picture, not bits of it.

Here is a quote on clearing up a myth on Obamacare:

“Myth: The Affordable Care Act is socialized medicine and a government
             takeover of health care

Fact: Obamacare allows us all to purchase our own private insurance in a regulated market place. This embraces the ideas of capitalism, regulated free market and freedom of choice, along with the government’s protection of your new health care related rights.”

If anyone doubts that just look at the Medicare Advantage programs rolling out right now. The choices are huge. The pricing is market determined, not government determined. Elders have a bewildering array of plans to choose from. The same is true of plans the uninsured and under-insured folks have under Affordable Care Act provisions. The objective is to increase access to appropriate health care levels to everyone. Everyone pays. Everyone is part of the national health care industry. Private providers, hospitals, clinics, doctors and insurance companies abound. Competitive interests are served. Consumer protections are provided.

This is socialized medicine? I think not!

On a broader topic this quote is offered:

“The real threat to this world is not terrorism or socialism. The real threat is the fact that the greed of billionaires is out of control.”

This is a global issue. There are billionaires in Russia, China, the Middle East, Europe and the Americas (north, central and south!). These individuals have gathered control of specific regional markets and parlayed them into global monopoly chips. They make vast sums of money. They gather enormous wealth without thinking what it is buying or will buy in the future.

At some point they have to ask: “What’s it all about?”  It is not about wealth alone; or power; or influence. No it has to be about something more than that if it is about lasting value and purpose to the individual and his/her family.

What might that be? Is it religion? Is it historical significance? Is it pure luxury? Is it seeking and procuring pleasure? Over done or not, such seeking and acquiring has diminishing value to the individual. To what end are they amassing their wealth? And at what cost to others is this being done?

Justice is a funny thing. It is earned in the largest of public squares or the tiniest corners of one person’s mind. But justice in the end will be had. Better the participants understand this sooner rather than later.

October 23, 2013


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