Dealing with Our Debt

 Dealing with Our Debt

                    Robert A. Levine  May 23, 2023

America’s entire debt situation is insane. First of all, there should be no debt ceiling. When Congress appropriates money for any government acquisition or activity, that should be deemed as obligating the government to spend the money to pay the bill. There is no reason to have a separate vote to allocate money to pay off debt that Congress already agreed was necessary. This vote to raise the debt ceiling to pay bills that Congress has already authorized allows a minority party to hold the nation hostage. And extremists on both the right and left are only too willing to raise questions and gain publicity by opposing or delaying the increase in the debt ceiling for money that Congress has already spent.

It is time for a separate vote on the debt ceiling to be eliminated. When Congress passes a bill that entails government spending, that bill should ensure that government funds will be used to pay that debt. Almost no other nation in the world has separate votes on spending bills and raising the debt ceiling to pay these bills. The uncertainty associated with approving the debt ceiling roils all the financial markets, damages the sanctity of the dollar and hurts the American economy, even if raising the debt ceiling is passed. Thus far, the United States has never defaulted on its debts and it is hoped that this will never happen.

Having the dollar as the currency used in international trade is beneficial for the United States. There are currencies waiting in the wings, like the Chinese yuan or the European euro that would be glad to take the place of the dollar in international trade.  This is much more likely to happen if the U.S. defaults on its debt. Dollar denominated debt is also considered as a safe haven for the rest of the world. When there is an economic crisis anywhere, people all over the world want to park their money in American government obligated debt. This strengthens the dollar and also America and we should be loath to do anything that would damage the standing of the dollar.

That is why it is crazy for the Republicans in Congress to make demands regarding future spending when the debt ceiling is for money that had been already spent. There should be no question about

payment of this debt and no question about raising the debt ceiling when the payment comes due. As I said, the proper way to handle this is to get rid of the debt ceiling completely, allocating funding whenever Congress and the president pass a bill. No more games involving the dollar and America’s debt.

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Is the US Still a Democracy?

Is the US Still a Democracy?

Robert A. Levine

When does a democracy cease to be? Have we reached that point yet or are we getting close? The essence of a democratic system is the opportunity for every citizen to be able to choose who his or her representatives will be in the local, state and federal governments. This prerogative is being taken away from many citizens in various states, particularly those with a reddish hue. Republican state legislatures are tightening voter laws in every way they can, making it more difficult for people to cast ballots.

Gerrymandering has long been a problem, but is only getting worse as partisanship increases. Congressional and state legislative districts are being drawn by state legislatures to give the party in power, usually the Republicans, to win a disproportionate number of seats in relation to the votes it receives. The Republicans in North Carolina received a very minimal majority vote in eth 2022 elections, but gained a supermajority in the state legislature due to gerrymandering. Similarly, a new Congressional map drawn by the new legislature is projected to add three GOP Congressional seats to the current delegation. This blatant political gerrymandering of districts was upheld by the North Carolina Supreme Court which has a five to two Republican majority. Other states are or have proceeded with the same type of mechanisms to aid them in winning the state legislatures and additional Congressional seats though the process is obviously unfair and undemocratic. And the state courts for the most part are upholding these political maneuvers.

But that is not all that Republican controlled states are doing. Some have eliminated voting by mail because that makes it easier to vote and more people are likely to vote. The legislatures have also cut down on the number of voting days and hours and have curtailed the number of drop boxes for mail-in ballots where they are still allowed. In fact the number of these drop boxes makes it necessary for residents to often travel great distances to place their ballots in drop boxes which are frequently overstuffed. In Texas, Governor Greg Abbott issued an order limiting drop boxes to one per county. This means that Houston, with almost five million residents has only one box where all its citizens can deposit their votes. Houston just happens to be a city dominated by minorities who would tend to vote Democratic.

Other ways Republicans are making it more difficult for minorities to vote is by asking for specific IDs that out of state students and minorities may not have. These may include state driver’s licenses which poor people who do not own cars and students from out of state may not have. They are also scrutinizing voter IDs for any slight discrepancies which will enable them to invalidate the voter.

Republican states are also trying to limit the power of the people by changing the rules on referenda. They have seen that the majority of people in many red states favor abortion and perhaps are against other issues that conservatives want to enact. Thus, the state legislatures in some states are requiring a super-majority instead of a simple majority for a referendum issue to pass and in some cases the state legislatures are able to overturn the results of the referendum. Who cares about the voice of the people? The GOP feels the people in their states will not care about the changes and will not do anything about them.

Instead of trying to make it easier for citizens to vote and have a say in policy, red state legislators are making it more difficult, trying to eliminate many of whom they consider voters who lean Democratic. Unfortunately, the state court systems in most Republican controlled states and the Supreme Court are dominated by Republicans and do whatever they can to limit the power of Democratic voters. There is no consideration of democracy, merely winning at all costs, even if it means doing things that are underhanded and unfair. A one party nation would suit these Republicans fine. Who needs elections in the first place?

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