Monday, September 13, 2010

Third World America: The crossroads of CT & Haiti

Due to a combination of factors, including the current state of the economy and the failed economic policies of Bush / Obama / Bernanke / Greenspan et al... The Huffington Post has begun a new series called Third World America.

Having just visited Haiti and walked around a school:I learned that it is not uncommon for 1st thru 9th grade classes to have up to 60 or 70 kids in a class. But I also learned that the government is pushing a new mandate to prohibit classes exceeding 45 students per classroom.

And while that may sound like little more than some random cocktail party trivia, it reminded me of a recent comment from Congressman Chris Murphy regarding the $26 billion teachers' job bill:

"I've got cities in my district about to lay off 135 teachers-New Britain, for example-and class sizes could balloon to 40 kids per class," Murphy said

I don't think the phrase Third World America is so far from the truth. And I hope that We the People demand real answers from our elected officials this November. Hope'n'change is nonsense. We need our elected officials to debate the merits of fiat money vs. sound money ... fractional reserve banking vs. full reserve banking ... and the existence of a central bank... among the range of economic policies that must be discussed if America is to avoid Third World status... or at least avert a prolonged stay there.

Tim White

1 comment:

Anonymous said...

The problem is simple. Binding Arbitration. Return to regular collective bargaining and we will see salaries in line in what the economy can bear.

It's not a macroeconomic problem Tim, its' a leadership problem