Bob Herbert wrote an interesting op-ed piece this morning in the NY Times titled “Stop Being Stupid“.  Bob credits Madoff for saying that he paid investors with “money that wasn’t there”.  The piece ends by saying that we need to go into serious debt to jump start our economy and that we need to start investing in world-class infrastructure.  

I completely agree that the U.S. and the American people need to start watching the dollars they spend and stop spending money that isn’t there. I agree that we all need to tighten our belts and stop “the limitless consumption of trashy consumer goods”, but where is the incentive for innovation?  Not only do we need to educate, feed and provide health care for the country, but we need something to aspire to.  Kennedy put us on the Moon without knowing the science.  What is the next frontier?  Artificially Intelligent robots in every home?  Mars?  Flying Cars?  What is America’s dream?  Once we figure that out, we will be on the road to recovery.

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