How Congress, Wall Street and the media traded America’s future for the next short term fix
What’s changed in America is that leaders who aren’t in politics — the very people you’d expect to take a sober, math-based view of these things — are suddenly celebrating short-term thinking as the only responsible course.
Write down the name of every CEO who came to Washington to whine about the breakdown in our political system and ask them what they plan to do next. How are they going to pressure Washington to get the nation’s fiscal system back in order for the long haul? You won’t hear back from many, because virtually none of them plans to do a thing.
Fixing our long-term problems would be painful and unpopular, and they have no stomach for that. There’s the next quarter to think about.
Add to this a press corps that has all but refused to cover our coming fiscal nightmare, and you have what amounts to a conspiracy of silence, or maybe stupidity. Either way, virtually everyone in this country with the power to persuade has lost the willingness to look beyond next Tuesday.