in 3 ways.
1st, a failure to fund transportation infrastructure will eventually raise the cost of transportation to levels that are uncompetitive globally harming a trend of jobs returning to the U.S. which is now happening.
2nd, a failure to even think that their is a role in policy for discouraging over consumption of food leading to obesity and diabetes, the cost of the latter will bankrupt Medicaid and possibly Medicare, and the voters will not support the government defunding either, because to do so will mean seeing obese people dying in the gutter (or some close equivalent to that). Not to mention the issue of dementia which is already bankrupting Medicaid. The cost of this with a balanced budget will raise taxes harming global competitiveness.
3rd, a failure to believe that we can do something about greenhouse gases shows an uncharacteristic lack of believe in American ingenuity when there is a monetary incentive to be have ingenuity. And what is the cost of this failure, the wipe out of billions and even trillions of dollars of value in real estate as ocean levels rise and coastal cities and beachfronts are made uninhabitable. When you wipe out so much capital, you will inevitably cause a reduction in economic activity and loss of investment value.
I am almost ready to put all my savings in cash or at least in International Investments but I guess this will take some time to crash as even the most pessimistic view of sea level rise suggests 50 years before the worst happens all the time and by then I will be 112 and living off my long term care policy if I am alive.
Thank you to the following column for this a.m.'s inspiration.
Link to Roger Cohen
1- The U.S. spends billions on infrastructure.
ReplyDelete2- Do you want to live in a country where the government tells you what you can and cannot eat?
3- Every "solution" to "climate change" involves carbon...and taxes!