Progressives must bridge the generational divide to prevent climate and budget crises
BY PAUL BLEDSOE AND BEN RITZ, OPINION CONTRIBUTORS
Amid the daily drama of President Trump‘s tweets and scandals, it can be hard to focus on the most important issues for our future.
An unfortunate consequence of this purposeful turmoil is that few serious solutions are being offered for addressing two of the greatest threats facing the United States: runaway climate change and unsustainable budget policies.
The resignation of EPA Administrator Scott Pruitt may end his days of plundering the environment and public treasury, but the Trump administration will continue doing both even in his absence, risking long-term national well-being for temporary political benefits.
It’s critical that progressives offer credible alternatives, especially if they hope to inspire younger voters who will bear the burden of these problems, because we cannot afford to dither on either issue much longer.
We speak from experience.
Although our two fields may seem unrelated, both these existential challenges require our generations to work together to solve.
Our leaders have been warned about the climate crisis for more than a generation.
Thirty years ago last month, NASA scientist James Hansen first testified before Congress noting the irrefutable relationship between growing carbon dioxide emissions and rising temperatures.
Since then, global average temperatures and greenhouse gas emissions have increased relentlessly, leading to enormously expensive climate change impacts around the world.
Just last year, Hurricane Harvey and other major storms made worse by climate change devastated the US costing federal taxpayers over $130 billion so far.
The longer we wait to stem rising temperatures, the higher these costs will grow.
The Long-term Budget Outlook recently published by the Congressional Budget Office tells a similar story.
The gap between federal revenues and spending is growing at an alarming rate, requiring the government to borrow more each year to cover the difference.
If current policies remain in place, the national debt relative to the size of the economy could rocket past the record-high level reached just after World War II as soon as 2029.
From then onward, the federal government will be stuck spending over $1 trillion every year just to pay interest on the debt, making the growing budget deficit increasingly difficult to close the longer we wait.
Both our climate and our budget problems stem in large part from a moral failure by baby boomers.
Rather than investing in their children’s future via sustainable energy and fiscal policies, boomers emitted greenhouse gases and cut their own taxes with reckless abandon, while promising themselves generous retirement benefits paid-for by future workers.
Now millennials will be stuck with a debt and a climate that are far more dangerous than in previous generations.
The two problems exacerbate one another.
As climate change worsens, hundreds of billions each year will need to be spent each year on adaptation and disaster relief, making it that much harder to reduce future budget deficits.
Conversely, the federal government will find it increasingly difficult to invest in technologies to combat climate change when so much of tax revenue is pre-committed to servicing our debt and paying for past promises.
Alas, the Republican-controlled government in Washington (like the LNP government in Australia) has made both problems much worse.
Party leaders deny or ignore the overwhelming scientific consensus around climate change, with the president calling it a “hoax” while his administration is pushing to replacing the Obama-era Clean Power Plan with a pro-pollution alternative that props up dying industries at the expense of our planet and economy.
The GOP exhibits the same pattern of willful ignorance on the federal budget: just recently, National Economic Council Chairman Larry Kudlow erroneously claimed that the deficit is falling even as it does the exact opposite – a problem which was made worse by the $2 trillion tax cut Republicans enacted at the end of last year without making any serious effort to pay for it.
Democrats and Labor have to do better.
Just as the far right wants to play chicken with our climate, some on the far left want to play chicken with our national debt.
Neither is a risk worth taking.
Democrats must resist the far left’s calls to pursue expensive expansions of social insurance programs before making our current obligations financially sustainable.
When it comes to climate change, most of the party understands the need for action but has yet to coalesce around practical approaches for solving the problem that would attract rather than alienate swing voters.
Democrats must realize there is little value in having the moral high ground, on either climate or the budget, without the political power to implement solutions.
The responsibility for making these changes thus lies with voters as much as their leaders, and both of our respective generations must do our part to promote responsible solutions.
Baby boomers need to accept responsibility for the unresolved problems they leave millennials and be willing to contribute to solutions.
But millennials need to take ownership of their future by showing up at the polls and making these challenges core voting issues.
Young voters already overwhelmingly support Democrats – it’s time they show up and demand Democrats support them in return by addressing the two greatest threats to our future prosperity.
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