We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Barack Obama’s plan to tax the earnings from parents’ “529” college-savings plans lived just long enough to indicate why some progressives perhaps prefer slow rather than rapid economic growth. Rapid growth reduces the appeal of redistributive policies and the need for the bitter, jostling, divisive politics that advance such policies. The 529s help enable families to achieve self-sufficiency. This excites progressives’ dislike of any private provision that impedes implementation of their dependency agenda.
The U.S. economy today is somewhere between Sears and Montgomery Wards. It is being hidden, disguised, kept from us, but it is failing. It is because of many things; huge debt, huge taxes, excessive spending, excessive welfare spending, bad or criminal legislation, excessive bureaucracy, intentional harm by us, our friends and our enemies, Obamacare, a huge federal government, yada, yada. I think I know how to fix Sears, but the U.S. economy will take longer I think. But right at this moment I think Sears has a better chance of surviving the next two years.
On one hand, we have "too big to fail", government backed mortgages, the profit margin guarantees to health insurers, the various subsidies to farmers, electric cars, while on the other hand, there has been little talk about say a universal dole or even repeal of the Clinton era welfare reforms and in the gripping hand, we have "middle class economics". I'd say what we have is a dependency agenda focused on the upper half.
As to slow growth, at least the inevitable fall won't be as far.