ECONOGAL

My thoughts return to 1968 with the attempted assassination of former president and current candidate Donald Trump. I was quite young that year, a mere kindergartener. Yet I lived on a college campus where the political climate was heightened. So, my memories are memories and not just remembered stories.

For many readers, 1968 is so far in the past, knowledge comes from the history books. For those of us that lived through the year, the significance is key. Assassinations of Martin Luther King and Bobby Kennedy during the spring set the tone.

Anti-Vietnam war sentiments stirred and would boil over in the years to follow. Protests began on campuses across the United States and many other countries as well. Living in married student housing with my parents, most of the unrest seemed distant as we played with the other kids in the apartment complex. But I do distinctly remember two key things. Chants of “Hell no, We won’t Go” and much more sobering, the weekly counts of Vietnam deaths recited on the news.

Discrimination based on skin color led to a fear of race wars. My parents were very progressive. As a result, I was somewhat ignorant of these tensions. And as soon as bussing ended desegregation in my school district, I was invited to, and attended, birthday parties regardless of the skin color of the birthday celebrant.

At the time I was oblivious to economics and social inequalities. We lived in campus housing. The furniture had plastic cushions and I shared a small room (think old dorm size) with my younger sibling. One bathroom, an eat-in kitchen with a chipped Formica table and a small living area. My parents did have their own bedroom. The entire place was not much bigger than some of today’s hotel rooms. If I was considered poor, I didn’t realize it.

I am no longer unaware of the various economic strata found in each country…even those embracing communism. So, I am grateful I live in the United States where the economy is mixed. A mixed economy has tenets of various economic models. The part that is capitalist allows those individuals that create and work hard and yes have luck, to move “upward.” And there is also a downward flow. Many times, a third generation cannot build on what the previous two have built.

Furthermore, mixed economies provide protection for those that cannot work due to extenuating circumstances. We need to face the reality that not all children are born with the same opportunities. In particular, are the many that are born with physical, mental, and environmental challenges.

On the surface a comparison between 1968 and 2024 is easy. But an in-depth look shows stark differences. Key is the age of the candidates. In 1968, the oldest candidate was the Democratic nominee aged 57 with the Republican counterpart 55. The 2024 election, at this time, has a 78-year-old and an 81-year-old. Is it time for a constitutional amendment regulating a maximum age similar to the minimum age?

Another major contrast is the current military is voluntary. There is not an active draft. The final difference is the national debt.

In 1968, the debt was 368 Billion which was 39% of the GDP. Current debt is just under 35 Trillion. And the debt to GDP ratio is 135%. From an economic point, this is unsustainable. Click here for an indepth comparison of debt from 1929 to the present.

The United States of America holds presidential elections in November every four years and this is one of those years. Just under four months remain until Election Day. Anyone who is not registered to vote, I encourage you to sign up. Our right to vote is a fundamental freedom not found everywhere. It is a valuable right. Furthermore, take your vote seriously. Study the issues and the candidates. Then vote as YOU see best. Try not to let commercials and talking heads make the decision for you. Our balloting system of private voting provides everyone the ability to vote independently. I wish every country could enjoy the same right.