Op-Ed: The next stimulus should be spent on job training and rebuilding a better American economy

[libertybele]

I couldn't agree more!

Op-Ed: The next stimulus should be spent on job training and rebuilding a better American economy

Government spending from the Treasury Department and Congress along with stimulative bond purchases from the Federal Reserve are at unprecedented levels. 

Deficit spending for the U.S. is over $3 trillion so far this year.  While the costs are clear, the benefits are less so. Financial relief for millions of Americans furloughed or unemployed has been a humanitarian godsend​. 

Some argue that it was too much, and it may have been for some, but at moments of crisis, ​moments of necessity, more is better than not enough. The relief provided by the initial $1,200 checks and the ongoing supplemental unemployment insurance was the difference between being able to endure lockdown and going hungry for many of our fellow Americans. .......

.............What if we were to spend your trillion to provide job training in computer coding, artificial intelligence jobs, renewable energy jobs and jobs rebuilding infrastructure?  That trillion dollars would create a generation of producers and earners and creative innovators and problem solvers that would better the future for generations to come. 

That trillion dollars could produce returns for many years that would also result in higher tax revenues. The devastating part of all this heretofore one-buck-for-one-bang aid, is that it keeps heaping on the national debt​, without sparking the ongoing economic prosperity to pay for the debt.  This is a shameful legacy and inheritance for our grandchildren.

Stimulus needs to, well, stimulate. We have an opportunity, and a common shared national interest in building a better economy out of the ruins in which we find ourselves. The argument shouldn’t be over more money or less money — but is the money an investment in the long term health of the country that will, in societal and civic terms, as well as purely economic terms, create a tomorrow that will be better than yesterday?............

https://www.cnbc.com/2020/08/16/op-ed-the-next-stimulus-should-be-spent-on-job-training-and-rebuilding-a-better-american-economy.html

[Hoodat]

The next stimulus should be paid with existing surplus dollars from our existing money supply instead of newly printed ones that add to our existing money supply.

[Smokin Joe]

How about we just get government the heck out of the way and let Americans solve this?

That was working so well until we took unprecedented actions to wreck an economy over a new disease that the government now insists be allowed to develop into something serious and deadly instead of being nipped in the bud.

[Cyber Liberty]

What a novel idea!  What will they think of next?

[Bigun]

How about we just get government the heck out of the way and let Americans solve this?

That was working so well until we took unprecedented actions to wreck an economy over a new disease that the government now insists be allowed to develop into something serious and deadly instead of being nipped in the bud.

    

[XenaLee]

I couldn't agree more!

Op-Ed: The next stimulus should be spent on job training and rebuilding a better American economy

Government spending from the Treasury Department and Congress along with stimulative bond purchases from the Federal Reserve are at unprecedented levels. 

Deficit spending for the U.S. is over $3 trillion so far this year.  While the costs are clear, the benefits are less so. Financial relief for millions of Americans furloughed or unemployed has been a humanitarian godsend​. 

Some argue that it was too much, and it may have been for some, but at moments of crisis, ​moments of necessity, more is better than not enough. The relief provided by the initial $1,200 checks and the ongoing supplemental unemployment insurance was the difference between being able to endure lockdown and going hungry for many of our fellow Americans. .......

.............What if we were to spend your trillion to provide job training in computer coding, artificial intelligence jobs, renewable energy jobs and jobs rebuilding infrastructure?  That trillion dollars would create a generation of producers and earners and creative innovators and problem solvers that would better the future for generations to come. 

That trillion dollars could produce returns for many years that would also result in higher tax revenues. The devastating part of all this heretofore one-buck-for-one-bang aid, is that it keeps heaping on the national debt​, without sparking the ongoing economic prosperity to pay for the debt.  This is a shameful legacy and inheritance for our grandchildren.

Stimulus needs to, well, stimulate. We have an opportunity, and a common shared national interest in building a better economy out of the ruins in which we find ourselves. The argument shouldn’t be over more money or less money — but is the money an investment in the long term health of the country that will, in societal and civic terms, as well as purely economic terms, create a tomorrow that will be better than yesterday?............

https://www.cnbc.com/2020/08/16/op-ed-the-next-stimulus-should-be-spent-on-job-training-and-rebuilding-a-better-american-economy.html

Better yet.... announce that we are canceling our "debt to China" due to the damage their virus and their cover-up, lying and obstruction has done to this nation.... and apply that to the next stimulus...

if there has to be a "next" one. 

It's all imaginary money anyway.