Hello

Archives for Commentaries

David Strom on Bernanke’s Speech to Economic Club of Minnesota: Cautious and Candid

David Strom

Policy Fellow David Strom attended Bernanke’s speech at the Economic Club last week, and published them at MinnPost.

Here is David on our nation’s current fiscal policy: I’ll pay you Thursday for a hamburger today.

Unions, the Feds and School Budgets

Just a quick observation to start the week after a gorgeous, long Minnesota weekend. The Strib featured two front page articles on Labor Day: one was entitled ” Students Pay Price for Cuts in Education” and the other, noting labor’s disappointment with Obama and a shift of focus to the states as the main battleground, was called “ Union Optimism Fades to Frustration“.

As I contemplated the juxtaposition of these articles, I wondered why the reporters did not think to ask the school districts whether they would welcome the kind of flexibility and big savings that Wisconsin schools are now enjoying following the changes in collective bargaining (which allow schools to now competitively contract for things like health care benefits for teachers).

When an operating budget declines, whether it is a school district or private business, the managers should be able to cut expenses to deliver a quality product to its customers. In the case of schools, we tie the hands of district managers with expensive and inflexible union contracts for teachers and staff.

And then there was Teamster Jimmy Hoffa’s indelicate remarks about the tea party over the weekend when introducing President Obama for his Labor Day speech: ”President Obama, this is your army, we are ready to march,” Hoffa said. “But everybody here’s got to vote. If we go back, and keep the eye on the prize, let’s take these son-of-a-bitches out and give America back to an America where we belong.” Apparently, the president had no comment. Read more at Fox News….

Then this morning I saw that thanks to former U.S. Rep. Jim Oberstar, we are spending millions of federal tax dollars on sidewalks to encourage kids to walk to school, while districts struggle with reduced operating budgets. (Walking to school may or may not be a “good thing” but is this a smart way to spend federal tax dollars? And why are the feds directing this kind of local decision? Education-and sidewalks— are not a core function of the federal government; it belongs to states, local government and school districts. Duh.)

It is time for Minnesota to join its Midwest neighbors and reform collective bargaining rights for public employees so that school districts can both deliver a high quality education to our children while honoring excellence in teaching. Taxpayers are tired of being bullied by the unions-and we suspect many public employees feel the same way.

 

Encouragement Amidst U.S. Downgrade and Global Selloff : Let’s Renew Declaration of Independence From Ourselves

While it is easy to get discouraged with the current administration at the national helm (more of the same tax and spend policies that got us in this mess), the Wall Street Journal sounded an encouraging note this morning about the “downgrade uproar” in its lead editorial “A Downgrade Awakening”.

The good news, we hope, is that this difficult period-which we have not seen the bottom of— will cure young people (current and future voters) of the notion that government creates jobs, government spending stimulates the economy and that it’s OK for government to borrow to pay back debt.

That will only happen if we teach and convince our young taxpayers/voters that our freedom and prosperity comes from private property rights and private enterprise operating under a government of Limited Powers. Maybe then they will be less tempted than their parents and grandparents to trade their freedom for what has turned out to be an illusive security-or to shove the costly burden of their retirement and health care onto their children and grandchildren while fooling themselves that they have paid for it.

It is up to us to tell this story accurately and to remind all Americans of our heritage as a free, not dependent, people. Our friends on the left are poised with a moral to the story that we did not spend enough, that government just needs to do more and we can pay for it by taxing “the rich.” They run our public schools and dominate the media and universities-thus they have a lot of control over the message.

Free market enthusiasts need to bust through the left wing noise to tell the young that we have been playing a loser’s game for decades that they would be wise to reject as they take the helm early in the 21st century. Let’s start with a Re-Declaration of our Independence from the weight of our own human insecurities that fuel oppressive government laden with massive entitlements for individuals and corporations alike. Let’s Re-Declare the radical notion, proposed in 1787 in the U.S. Constitution, that our federal government is one of Limited Powers and tap our ingenuity to peel off the chains that bind us. This requires leadership from all of us.

Bring on the 2012 Elections. They cannot come soon enough.

 

Page 4 of 41:« First« 1 2 3 4 5 6 7 »Last »