Florida Senator Marco Rubio says the U.S. has lost focus over the last 20 to 30 years and economic policies need to be geared towards creating stable work for families.
What we're starting to see is kids flatlining. Kids who should be growing, should be gaining weight, should be, frankly, growing the brain that they need for the rest of their lives. And we're seeing kids not grow.
But I think it also points to the point I've made now a number of times in this interview, and that is that when we made the decision 20 or 30 years ago, that the only thing that mattered was efficiency in our economy [and] completely ignored our national interest in having an economy that both created economic growth and at the same time created stable, reliable, dignified, good paying jobs for Americans, we created an environment where people are struggling [with] how to find that kind of...
And the other is inflation. When you look at the basic essentials — food, gasoline prices — all those prices have climbed alarmingly high for everyone. And that, of course, puts an even greater strain on those that are struggling to begin with to find jobs that pay enough. I think the current levels of how we measure inflation traditionally, do not sufficiently take into account what it means when the things that cost more — sometimes 200% increases — are the basic necessities.
If you turn it into just simply a transfer payment, you've absolutely gutted the tax credit concept, and I think you endanger it moving forward. Because that's not what people thought they were voting for when they first authorized it. It's tough enough as it is to get it increased, if you turn it into a transfer payment, you might as well not even call it a tax credit anymore, it becomes a transfer payment program.
Part of that equation has to be,"And are they creating wealth and growth and prosperity in a way that is also creating good, stable, reliable work for millions and millions of American workers?" And that second part of the equation is what has been left out for the last 20 or 30 years.
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