OCALA, Fla., August 13, 2014 — Aaron Clarey believes that America’s fiscal house has been out of order far too long to spruce it up again.
Our national unemployment rate continues to hover at perilous highs, dependence on public assistance is skyrocketing, and race relations have been set back several years in the wake of Trayvon Martin’s fatal shooting, now possibly eclipsed by that of Michael Brown.
All of this is just the tip of a colossal iceberg, but the point makes itself.
Clarey, a popular economist who is also a fossil-hunter and dancer, among other things, thinks that the fundamentals of American life are well out of step with financial realities. People wish to have a spouse, comfortable house in the suburbs, nice cars, and, of course, children. While this noble aspiration has become a staple of U.S. culture, if it cannot be financed, then it is nothing more than a fantasy to pass the time.
The reality which one will wake up to hardly resembles what most would describe as the American Dream. Rather, it is a scenario in which college students saddled with six-figure debt work at jobs designed for high-schoolers. It is a scenario in which multinational banks receive excessive government bailouts after they wrecked the housing market with predatory loan schemes.
It is a scenario in which the government itself encourages more responsible banks and mortgage firms to ease their lending policies so that people who can’t afford expensive things will be able to.
Clarey sheds some light on America’s downward trajectory during the next episode of Cotto & Company; a new thirty-minute-or-so online radio program featuring independent voices who shape our society. Regardless of partisan registration, political philosophy, or personal worldview, the goal is sharing diverse, and often innovative, ideas that we all can learn from.
I’m your host.
As with my work as a Communities Digital News journalist and nationally syndicated columnist, I hope to bring about deeper understanding of the issues which impact our society. Even if we don’t always agree, we should be able to see eye to eye.
Listen to Cotto & Co. New episode, America’s Fiscal House with Aaron Clarey on Sunday at 6:30pm and in archives
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