California Democrat Nancy Pelosi is quoted as saying that to ensure that America remains competitive is to “take money out of the private sector so government can spend more tax dollars on hiring public school teachers (no mention of charter schools and vouchers); take money out of the private sector so that government can spend more tax dollars on federal R &D agencies (no mention of redoing corporate tax rates to the same end); take money out of the private sector so government can spend more tax dollars on “broadband access” (no mention that this will happen faster than Congress can pass a law) and take money out of the private sectors government can spend more money on developing alternate energy (no mention of relieving legal and regulatory impediments to the only currently viable source, nuclear power) At least she has a common theme.
I have a fifth suggestion. Take money out of the private sector so government can spend money on how to educate itself on the free market, since it is so seldom encountered inside the Beltway. Perhaps politicians might learn that this outside-the-Beltway oddity- the free market-flourishes when millions of actors are permitted to keep more of the capital they earn to allocate it as they see fit in their collective wisdom, however untethered that wisdom may be from the enlightened thoughts of Ms. Pelosi.”
If Ms. Pelosi answer is to simply spend more money, could she possibly explain why school systems with the highest per capita spending –Washington, DC and New York continue to produce some of the poorest results?”
Other comments to the WSJ include “We cannot and should not, compete on cost. We must compete via innovation and high value-added. On these metrics, the U.S has no peer. We will respond successfully yet.”
These comments are in response to what Ms. Pelosi had published under the title “R &D Democrats” on 2/13 in the WSJ.