Ways and Means
In America, there are still huge disparities in the quality of schooling and performance, because of unequal resources going to education. If you have a community, with a large concentrations of poor families, the average school achievement level is usually much lower than in societies, where you have a more homogenous middle class population. Schooling suffers in America and our labor force is less well educated on average than in a country like the Netherlands, Germany and France. The high level of inequality in America results in less human capital being developed, which will ultimately affect economic performance.
Our country has been going backwards for the past 7 years, and many of our finest young people are being chewed up by the economic conscription occurring in Iraq.
The reason Rep. Charlie Rangel is optimistic and believes that this is going to change is because he’s the chairman of the very powerful Ways and Means Committee. He has gotten together with Republicans on that committee, as well as Treasury Secretary Hank Paulson and asked them: “It seems to me that we’re losing the fabric of America. If our young people are not able to get an education, if they can't afford to go to college, if high-tech is going to take over, if people are going to lose work, if towns are going to close, how can we think that we can maintain our superiority in the private sector?”
It’s important to recognize that the fiduciary responsibility of the private sector is not to the flag, nor to the country, but to the shareholders. Nevertheless, the private sector must begin to participate in making this a stronger country and historically education has been the great equalizer in this transformation.
Furthermore, we have gone backwards with fast track authority because Congress has relinquish much of it’s power to the executive branch of government. Most people don't know that constitutionally Congress has responsibility for trade policy, which is clearly designated in Article I, section 8 of our Constitution.
Help is on the way, because Rep. Rangel and Senator Carl Levin have unveiled a new trade agenda, whereby Congress will begin to reclaim some of it’s constitutional authority.
Our country has been going backwards for the past 7 years, and many of our finest young people are being chewed up by the economic conscription occurring in Iraq.
The reason Rep. Charlie Rangel is optimistic and believes that this is going to change is because he’s the chairman of the very powerful Ways and Means Committee. He has gotten together with Republicans on that committee, as well as Treasury Secretary Hank Paulson and asked them: “It seems to me that we’re losing the fabric of America. If our young people are not able to get an education, if they can't afford to go to college, if high-tech is going to take over, if people are going to lose work, if towns are going to close, how can we think that we can maintain our superiority in the private sector?”
It’s important to recognize that the fiduciary responsibility of the private sector is not to the flag, nor to the country, but to the shareholders. Nevertheless, the private sector must begin to participate in making this a stronger country and historically education has been the great equalizer in this transformation.
Furthermore, we have gone backwards with fast track authority because Congress has relinquish much of it’s power to the executive branch of government. Most people don't know that constitutionally Congress has responsibility for trade policy, which is clearly designated in Article I, section 8 of our Constitution.
Help is on the way, because Rep. Rangel and Senator Carl Levin have unveiled a new trade agenda, whereby Congress will begin to reclaim some of it’s constitutional authority.
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