The government cannot permanently spend our way out of recession. Its so-called investments will, on average, lose money. Otherwise, the private sector would have funded them. And such investments are, on average, unlikely to kick-start the private economy to the extent necessary to replace our tax dollars.
So eventually the tax dollars needed to fund those government schemes will run out and the government will have to stop the programs or print more money, reducing the value of our savings.
The long-term answer: Create a nation of ethical entrepreneurs: people who know how to identify unmet needs (for example, in-home companions for shut-ins) and develop and execute an ethical business plan for meeting that need.
That would not only improve society, it would increase the chances of millions more Americans, especially the not-academically-oriented, to make a good living. Today, so many such people struggle to pay the rent, spend so much time looking for their next job and after landing one, living in fear of getting laid off because of a personality dispute, it's a project job with a built-in end date, or that their job will be shipped to a low-cost country. Instead, a nation of entrepreneurs will be hiring themselves as their own business's CEO.
How to create a nation of entrepreneurs? From kindergarten through college, the curriculum should include hands-on opportunities to learn ethical entrepreneurialism. How would that fit into the school day? Lengthen the school day and school year, which brings the additional advantage of ameliorating the nation's child care problem. Also, pare elements of the existing curriculum that are less important than entrepreneurship. Does anyone want to defend that, for example, it's more important that all students know geometric theorems than learn entrepreneurship? How about understanding Shakespeare's arcana? The intricacies of the periodic table of chemical elements? How about all those wars from the Peloponnesian to the War of the Roses? The endless celebration of multiculturalism suffused throughout today's curriculum?
What do you think?