HowardLost Art of the Capital Budget
Staff and others at Harlem Ecology Ctr
Outside Harlem Ecology Center
This posting is dedicated to the Harlem Ecology Center, and the old geezer, Lyndon LaRouche. So many people in New York City would like to have beauty, ecology, and to rise above the trap of the ghetto. But to really succeed in doing that we have to go back to the Capital Budget. This is not "deficit budgeting, or a "trade-off". It is the idea of having a separate budget for the future, to pay for new infrastructure, like water treatment plants.
For example, even though water treatment plants have been built in New York City, we still need to deal with the problem of sewage overflow. This happens approximately 37 days a year, when because of rain, the combined storm overflow and sewage system is overwhelmed, and raw sewage is dumped into New York Harbor. Think about that when you flush the toilet in New York, Sydney, Aus., London, UK, or other large cities. Your mush is going into the slush. The proposals are to build catch basins to deal with CSO- combined sewage overflow. A catch basin is a huge enclosed concrete tank that stores overflow from the system on rainy days, and then gradually is pumped out over the subsequent dry days, after it goes through the waste water treatment process. You'd make the guys at Harlem Ecology Center very happy if you could get this done.
The problem is what the "boomers" have done. That is the boomer generation with all their environmentalist and globalist theories. That generation exsported our industries to places with cheap labor, and where they lacked basic economic infrastructure. This is the practice of "out-sourcing", which has bankrupted whole cities and even states. Now, we in the United States, Europe and Aus/NZ are also being reduced to Third World like service industries.
We in the US, and many of our imitators and admirers throughout the world, became economically sovereign again under the reforms of Pres. Franklin Roosevelt. Even the enemies of FDR were not able to challenge the Bretton Woods system until after the assassination of John F. Kennedy, and the Nixon Presidency. Then came the floating exchange system and the moves toward globalization. It's time we get back to FDR policies, and really the American tradition going back to the Pilgrims and the Puritans and the Winthrops and the Mathers, like in the 1630s in the Massachusetts Bay Colony, which was a prototype republic, though nominally still under the British monarchy.
Meanwhile leveraged buyouts are forcing companies into more debt than they can handle. Colins & Aikman, the fourth largest auto parts maker is being auctioned off.
