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Wednesday, August 22, 2012

Why Has the GOP Stopped Believing?

These guys still believe, but...

The GOP no longer believes in America's greatness.

Let me explain how I've reached this conclusion.

According to the plan they've put forth and defended, Romney and Ryan do not believe the American economy is strong or dynamic enough for our government to provide my generation and future generations with the services it has provided for the Baby Boomers and the Greatest Generation.

Specifically, the GOP believes the government cannot provide future generations with retirement income, healthcare for the retired, or assistance for the poorest among us. They seek to cut funding to the programs that support those services and allow the Baby Boomers to use up what funding is left.

So, according to the GOP, my generation should expect these programs to have shrunk or disappeared by the time they would be of any use to us.

Now, before we get into whether or not the programs are sustainable, let's look at the history of the America that had those programs in place.

Social Security, Medicare, and Medicaid are benefits that progressives put in place between the 1930s and the 1960s. My grandparents and my parents spent their adult lives with those benefits as part of the American economic landscape. I know conservatives hate those programs, but look at all our nation achieved with those programs in place. With Moon landings, the end of the Cold War, and the networking of the globe at the top of the list, it is difficult to paint those decades as anything but prosperous.While those programs were in place (although not necessarily because of them), our nation's wealth, strength, and importance have grown tremendously.

Romney and Ryan's plan, however, suggests that our American success story is over; the country is no longer successful enough to provide the same services that were in place for previous generations. Romney and Ryan are effectively saying that America's economy cannot support the country the same way it has during the past 50 years of growth, strength, and prosperity.

I find their assertion dubious, mostly because in the time since my generation has entered the workforce, the US economy has continued to grow (on average). In that time, America has faced several challenges. We have impeached a president, been attacked by terrorists, gone to war, and weathered a major recession. Nevertheless, we have continued to grow and prosper - even while the global economy is still struggling to recover from a massive balance sheet recession (one that inflated the value of both assets and low-skill labor).

Despite the dreary picture the GOP would have us believe, the US is recovering faster than the rest of the developed world. While the EU attempted austerity, we stepped in with stimulus. We believed our economy was strong enough to risk that debt. Today, the EU faces inflation, rising borrowing costs, and no job growth. We, on the other hand, have dodged inflation, our borrowing costs have remained low, and we have slow job growth. (UK economists are starting to see it our way, btw.) Ours is clearly a dynamic economy that can weather very rough times. In relation to the rest of the world, our nation is a strong as ever.

So, I don't accept Romney and Ryan's assertion that America is in decline. I believe America will continue to be great for generations. I'm sorry to see that the GOP has stopped believing in American greatness, but that is what their platform says.

Now they'll argue that their cuts to services will give more American room to grow. They'll argue that these programs are a drain on our national economy. They'll see my argument as a demand for another handout and assert that hardworking Americans don't need these programs.

To which I say:
Many among us may not have needed a safety net these past few decades, but what of the wage earners who were dreaming of starting a small business? What would have come to pass if Baby Boomers were uncertain about how they would pay for healthcare after they retired; if they were afraid to invest their nest eggs in that restaurant, that storefront, that software company, or that photography business? How many potential entrepreneurs would have balked if that net weren't in place? How many failed entrepreneurs would have been forced to become dependents in their children's' homes? Those costs would add up to very real economic losses for the nation.

But we don't have to worry about that. The programs were in place, and America has done wonderfully. My parents' generation is the most successful American generation in history. These programs do not limit entrepreneurs, small business owners, or visionaries. Historically, these programs have been the security people needed to take the first step toward greatness.


So, I assert that Romney and Ryan's lack of faith in our economic strength is either a belief that America's best days are behind us, a scare tactic, or the next attempt to cut proven programs they are philosophically opposed to (probably a combination of the three). Whatever the case, I am not buying the defeatism that the GOP is pushing.





2 comments:

Hogan said...

This is posted over on Facebook where a few friends have offered a critique of my argument. They wrote that the entitlement issue must be addressed, and at least the GOP is offering a plan. And they're right to say that the finances for American entitlement programs need scrutiny. But it is one thing to say we need
to get our house in order; it is another to say, 'Let's burn down that house.' The entitlement programs have needed reform for some time now, but I cannot accept that Ryan's plan to keep the Baby Boomer's benefits in place is 'facing a hard truth.' The population size of their generation is a big part of the solvency issue. If Boomers can keep their medicare benefits and receive social security, then why must a smaller Generation X working in a larger economy give those benefits up? After all, it's going to be the tax dollars of Gens X & Y that pay for the Boomer's benefits. The GOP doesn't have the political will to tackle that issue. Instead they'll just cut my benefits and pretend that the future loss of service is savings today. And they'll do that just before the Boomers try to sell off all their assets to fund retirement, driving down the value of everything my generation owns. That plan is not a reform; it's my generation's economic demise. Reform would be an acknowledgement that we over-promised to the Boomers and we're going to have to make some hard changes. So let's do. Americans won't riot if we adjust the age of retirement or trim benefits packages. This isn't the EU. We'll work more and grumble about our politicians. And there in that last sentence is the essence of American dynamism.

Yus said...

Hi Hogan - I think the GOP "vision" is even more nefarious than you imagine. If you look at the so-called "Ryan Plan" it has three features that are extremely revealing: (a) most sweeping cuts don't impact middle class Americans - but low income Americans - Medicaid (not Medicare) will be cut drastically in the first 5 years alongside federal spending on education and infrastructure; (b) Deficits will remain until 2040 and (c) defence spending will go up. So rather than thinking about the plan as a structural change, look at it merely as responding to different interest groups. Thus (a) Medicaid - racist, far right GOP supporters who think Medicaid is for black people; (b) the bond markets who will be able to finance the US government for the next 2.5 decades and (c) the military-security-industrial complex who are the biggest recipients of government welfare in America. In three policies you have banked three key interest groups within the GOP namely the Tea Party; Wall Street and the Pentagon-Defense industries. Bingo!