Saturday, April 13, 2013

Another way to cut the deficit

This is one of the best graphs I have ever seen, and I used to have it on my wall in my room as motivation to get the best education possible.

This graph has a few political implications, and if we assume our goal is to decrease the deficit it tells us to invest in education so that the median wage and tax revenue can increase. If our goal is to decrease unemployment it tells us the same message, invest in education so more people can be working. If our goal is to have the most advanced economy in the world and be the most ingenuitive,  than making it possible for people to specialize and understand their fields at a deep level where they can contribute is the best possible plan.

Basically the right course of action is the exact opposite of what Republicans, and now Democrats, are proposing to do. Regardless of the deficit.

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