With the appointment of Paul Ryan as his running mate, Mitt Romney has confirmed his intention to focus on the state of America’s economy as a primary issue in the run up to the election. That’s a good thing.
In probability the Republican’s candidate will continue to blame the incumbent for the current state of affairs and promise that he will do much better. He’s already said as much.
What positive effect can a politician’s policies have on an economy?
Efficient government is key. And that’s where the disagreement will start – at least after the blame game’s ended.
One issue that rarely gets raised is the level of duplication that exists across agencies – sometimes within agencies. For example there are 16 fiefs covering the intelligence responsibility. These agencies duplicate efforts, each trying to outdo the other, instead of sharing critical information. The details of the issues were set out in a Washington Post exposure following a two year investigation.
The challenge of fixing this is the responsibility of the Director of National Intelligence. This position has had a regular change of incumbents who, undermined by a lack of authority, struggle to fulfill the mandate.
Costly tax code
An unnecessarily complex tax code, with thousands of tax breaks that favor interest groups, exacerbates wealth inequality, and costs the country hundreds of billions in breaks and incentives, administrative overhead, and expert advice for tax payers.
The belief that congressional oversight provides democratic control over the President’s powers is a myth. When dominant party in the house is not the same as the President’s the country sinks into a morass of partisan bickering.
It would preferable for America to adopt a system of referenda, with proper controls and balances to avoid California’s mistakes, to enact significant legislative changes.
Direct involvement demands that electors understand the implications of important decisions. Rather than having partisan commentary, public debates between experts educates voters, and permits them to make decisions that are informed.