Investment is a Code Word for Insane Spending?

An outline of President Obama's State of the Union Address was presented via an online video today. In that outline today he mentioned investment in Education, Green Technology, and Infrastructure. These are important items. Analysts argue that President Obama's State of the Union Address is going to be a call to arms for investment in these three areas. These are good goals. Investing in these areas will help boloster job growth in this country.

For example, Education will create jobs and train future generations for the work needed to be done in the future. Green Technology will provide jobs that cannot be outsourced to China or India. Jobs for Americans in America providing alternatives to foreign oil and dirty energy. By moving to a Green Technology, we stop damaging the Earth. These innovations in Green Technology cannot happen without a great educational system to teach future generations and challenge them to become better. The last item is Infrastructure. We have not made a revolutionary change on our Infrastructure since the Interstate Highway System during the Eisenhower Administration back in the late 1950s. An update is needed for America to stay competitive in the 21st Century we need to update our roads, bridges, and rail to support the economy of the future.  All three of these items go hand and hand. Without an educated  workforce creating and installing the green technologies, and the infrastructure to move this technology where it is needed America will not prosper.

Even though it seems like Investing in these three items would be a smart long term investment key Republicans are starting their assault on this plan from both houses. Senate Minority Leader Mitch McConnell on Fox News Sunday,"anytime they want to spend they call it ‘investment,’ so I think you’ll hear the president talk about investing a lot on Tuesday night. We’ve got a huge spending problem here.” This sentament was also spoken by House Majority Whip Eric Cantor on Meet the Press,"when we hear invest from anyone in Washington, to me that means more spending.” These ideas are coming before the State of the Union is even presented. What Republicans are trying to do with these comments is not allow the idea of investment in programs settle into minds of U.S. citizens, but to make it all about government waste. Republicans came back into power in the House under the idea that they would cut the decifict and create jobs.
The problem with that agenda is to coin an old phrase," you have to spend money to make money." Without investing in America, America cannot rebound. The Great Depression was solved not by the budget cuts of 1937, but by the mass industrialization of the country by World War II. We did not beat the Soviets to the Moon by sitting idle and saving money, but by spending on our rocket programs and providing science scholarships to students to help produce a booming technology economy. America does not slove its problems by cutting and reducing, but by investing and reaping the rewards. Another example of investment is the GI Bill given to soldiers after World War II. Seven billion dollars was given to GIs in educational loans and the return was 48 billion dollars. Almost a return of seven dollars for every dollar spent. That is a great return.

We now have an opportunity now to do what we did back then. We have the need and we need to act upon it. For the United States to stay a major player in the world we need to retool for the 21st century we need investment in Education, Green Technology, and Infrastructure.