Joe Biden Is Electrifying America
The United States has always been prosperous when it invests in its people, shouldn't we go back to the model that made this country prosperous? Shouldn't we select models that have a better return on investment?
The best argument for President Biden’s three-part proposal to invest heavily in America and its people is an echo of Franklin Roosevelt’s explanation for the New Deal.
“In 1932 there was an awfully sick patient called the United States of America,” Roosevelt said in 1943. “He was suffering from a grave internal disorder … and they sent for a doctor.”
Paging Dr. Joe Biden.
We should be cleareyed about both the enormous strengths of the United States — its technologies, its universities, its entrepreneurial spirit — and its central weakness: For half a century, compared with other countries, we have underinvested in our people.
The most important thread of Biden’s program is his plan to use child allowances to cut America’s child poverty in half. Biden’s main misstep is that he would end the program in 2025 instead of making it permanent; Congress should fix that.
The highest return on investment in America today isn’t in private equity but in early childhood initiatives for disadvantaged kids of all races. That includes home visitations, lead reduction, pre-K and child care.
The United States has always been prosperous when it invests in its people, shouldn't we go back to the model that made this country prosperous? Shouldn't we select models that have a better return on investment?