Adam Eran: The real outrage is that private banks receive far more money than any social safety net program would need, but the proposed cuts impact only safety net programs.
Adam Eran: In the wake of Reagan’s policies, although it was previously the world’s largest creditor, the U.S. became the world’s largest debtor. Now we have a middle class economically eviscerated by the lost equity in their homes, who tapped this equity during the housing bubble to sustain their consumption.
Adam Eran: Waiting for a race of cyborg/celebrity super-teachers distracts from the egregious income inequality and the childhood poverty that worsens educational outcomes in the U.S.
Adam Eran: So the origin of California’s tax reductions, and even its current budget deficit, is arguably oil price inflation. If we want a stable economy, and government without deficits, we need to stop kidding ourselves that spending is a the root our budget problems, and attend to our energy addiction.
Adam Eran: Criminalizing drug consumption, rather than bad behavior, leads to enormous corruption–both domestic and international–and disrespect for the law.