The sequestration nation

The austerity economics on which we’ve embarked is a cruel hoax – Reich writes – cruel because it hurts those who are already hurt the most; a hoax because it doesn’t work.

|
Kevin Lamarque/Reuters
A visitor takes a photo of the US Capitol in Washington. The trickle-down-economics, on which Republicans base their refusal even discuss closing tax loopholes for the wealthy, is a proven failure, Reich writes.

With the sequester now beginning, I find myself thinking about Robert F. Kennedy — and 46 years ago when I was an intern in his Senate office.

1967 was a difficult time for the nation. America was deeply split over civil rights and the Vietnam War. Many of our cities were burning. The war was escalating. 

But RFK was upbeat. He was also busy and intense — drafting legislation, lining up votes, speaking to the poor, inspiring the young. I was awed by his energy and optimism, and his overriding passion for social justice and the public good. (Within a few months he’d declare his intention to run for president. Within a year he’d be dead.) 

The nation is once again polarized, but I don’t hear our politicians talking about social justice or the public good. They’re talking instead about the budget deficit and sequestration.

At bottom, though, the issue is still social justice. 

The austerity economics on which we’ve embarked is a cruel hoax — cruel because it hurts those who are already hurt the most; a hoax because it doesn’t work.

The trickle-down-economics, on which Republicans base their refusal even discuss closing tax loopholes for the wealthy, is a proven failure — proven because it’s been tried before, by Ronald Reagan and George W. Bush; a failure because nothing has trickled down. Taxes have been cut on the wealthy, but the real median wage keeps dropping and the rate of poverty keeps rising. Now, 22 percent of American children are in poverty. 

Yet in the months (or years) ahead, federal money will be reduced for poor schools, child nutrition, preschools, and mental-health services.

Some 3.8 million who have been unemployed for more than six months will see their jobless benefits cut.

Some 600,000 low-income women and children will no longer benefit from the federal nutrition program for women and toddlers.

Lower-income Americans are already suffering disproportionately from high unemployment. But they will bear even more of the burden of joblessness as the economy slows because of the sequester.

Meanwhile, America has become far more unequal than it was in 1967. Then, the richest 1 percent got 9 percent of the nation’s total income and paid a top marginal tax of 78 percent (and an effective rate, after deductions and credits, of 54 percent). 

Now the richest 1 percent get over 20 percent of the nation’s income and pay a marginal tax of 39 percent (and an effective rate of 23 percent — or, if you’re in Mitt Romney’s league, less than 19 percent). The richest 400 Americans have more wealth than the bottom 150 million combined. 

If Robert Kennedy were alive today he’d condemn the Tea Party Republicans (and the Koch Brother billionaires who fund them) for violating the basic ideal of social justice that’s the moral foundation of this nation.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

QR Code to The sequestration nation
Read this article in
https://www.csmonitor.com/Business/Robert-Reich/2013/0304/The-sequestration-nation
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe