Mt. Vernon Register-News

Opinion

February 15, 2014

Why the economy isn't doomed

(Continued)

And it is quite possible that even this much more modest debt forecast could be mistaken, especially if economic growth beats expectations. The government could promote such growth by spending on infrastructure, education, and research and development. While Congress struggled to find the political will for these investments a few years ago, when the federal budget deficit was well over $1 trillion, deficits have fallen dramatically since then. The bipartisan budget agreement signed into law last month was a first step toward restoring funding to some of the key programs economists believe have high returns over time.

There are no guarantees. From looming demographic changes to the economic threats posed by advanced technology, we should be realistic about the challenges we face. But there are also reasons to believe that the next generation will prosper. There’s probably nothing that forces middle-class wages to rise faster than competition among companies for better-educated workers who are able to use more sophisticated technology. And while we have recently suffered through an age of growing apart, the forthcoming era could well be one of growing together.

Text Only
Opinion
  • Questions for Obamacare after the ruling Tuesday, I outlined what we knew about Halbig v. Burwell, the case in which a federal appellate court ruled that subsidies for purchasing insurance under Obamacare can only be made available on marketplaces established by states. Now I propose to out

    July 24, 2014

  • Pensions not the problem I see in last night’s Register-News paper that James Rippy has attempted to enlighten us on pensions in Illinois. I also notice he has written so often he no longer has the title “guest columnist.” It is obvious he has the time and energy to work on

    July 24, 2014

  • Impasse threatens border solution After more than a year of contentious debate, could Congress be any more divided over the issue of immigration? The answer is yes.In the House, positions are hardening over what to do about the tens of thousands of families and unaccompanied young im

    July 24, 2014

  • Take a lesson from Texas I like to eat at blue-collar diners and cafes, particularly when I’m on vacation.It’s a chance to step beyond the homogenized national chains and experience a bit of local flavor.And being a reporter, I like to chat up local folks to find out a bit a

    July 23, 2014

  • The future reality of terrorist drones A very small airplane rose over the Gaza Strip last week. It entered Israeli airspace and sped toward the coastal city of Ashdod. Then a Patriot missile blew it up.The plane, a rudimentary drone launched by the terrorist group Hamas, posed little thr

    July 23, 2014

  • We are headed to a jobless future In an op-ed in The Wall Street Journal, former Treasury Secretary Lawrence Summers revived a debate I’d had with futurist Ray Kurzweil in 2012 about the jobless future.He echoed the words of Peter Diamandis, who says that we are moving from a history

    July 23, 2014

  • Pensions need to be addressed I will have to admit that I am slightly overwhelmed today with the receipt of articles and suggestions for a column. One of my Fitness Mafia colleagues constantly tells me the columns are too long and trying to address different subjects just dilutes

    July 22, 2014

  • VA still failing our vets Jymm’s preferred attire is a skin-tight Minnie Mouse T-shirt with bright pink windbreaker pants. Even when not sporting his choice outfit, he dons short shorts and shirts with holes in them, because that’s what he finds most comfortable. His Santa Mo

    July 22, 2014

  • Feed your home piggy bank with a 15-year mortgage This summer, we finally decided to take the plunge we’d been contemplating for a while: converting our 30-year mortgage to one with a 15-year payoff. It’s a big step. Our payments will go up somewhat (the PITI — principal, interest, tax, and insuranc

    July 19, 2014

  • Under the dumb There is a TV series about an entire town trapped under a giant, mysterious crystal-clear dome that appears out of the blue one day. The dome is impenetrable; no one can get in, no one can get out. Who made the dome? Aliens? God? A super-secret branc

    July 19, 2014

Twitter Updates
Facebook
Stocks