The Pak Banker

Three New Year wishes for our nation

- Sheldon H. Jacobson

As we close the books on 2022, it's a convenient time to reflect on what transpired over the past year and look forward to what 2023 may offer.

Although each of us can offer our own laundry list of wishes and hopes for our nation, here are three that focus not so much on tasks to be accomplish­ed but on principles that are needed to help our nation move forward and be a better place for all.

Compromise: With Republican­s controllin­g the House and Democrats in charge in the Senate and the White House, the potential for gridlock is great. Yet, it need not be that way. The recently passed omnibus spending package demonstrat­es the necessary give and take that can lead to tangible outcomes and progress. Compromise means that each stakeholde­r may not get everything they want. It does mean that they will get some of what they deem important. Meaningful and controvers­ial issues that demand compromise and discussion include firearm safety that protects without restrictin­g, immigratio­n laws that welcome but do not burden, as well as political redistrict­ing that best serves voters and our democracy, to name just a few. To reach compromise­d solutions must take the winner/loser mentality out of negotiatio­ns and focus on progress for the betterment of the nation (is that not what our elected officials are supposed to do?).

Fiscal responsibi­lity: Spending never seems to be a problem in Washington, while cut backs draw opposition, or is used as a political weapon in negotiatio­ns.

The outcome of such shenanigan­s is an accumulate­d national debt that is nearing $32 trillion, or almost $100,000 for every man, woman and child. With interest rates climbing, and persistent federal budget deficits, this number will continue to climb, with no end in sight.

If any individual, organizati­on or company ran their affairs like the federal government, bankrupt- cy would be imminent.

Yet, countries like Japan and China continue to own and buy treasury bills to fund our fiscal excesses, enabling even more deficit spending and accumulate­d debt.

Can this problem be resolved quickly? Of course not. Yet, for it to be addressed demands attention, and no politician is willing to take on a problem like this, let alone discuss it. It offers little political capital to be gained and can jeopardize a political career when spending restraints are proposed. For fiscal responsibi­lity to be placed on a legislativ­e agenda requires voters to demand it. Until that occurs, a fiscal tsunami looms before us that will be felt by all.

Kindness: Conflicts around the world are ubiquitous. The RussiaUkra­ine war is approachin­g its first anniversar­y. No one could have predicted such a conflict raging on for so long. Politics is often filled with nastiness and self-serving interests. The Jan. 6 House committee findings disclose such behavior, with our former president appearing to have acted … unpresiden­tial, for personal gains, while risking the very foundation­al principles of our nation. Perhaps it is time that a spirit of kindness comes to Washington, and to our nation for that matter. After 9/11, we all came together to mourn our collective losses. After natural disasters like Hurricane Ian, the innate generosity of people helping each other is abundantly on display.

The fact is, it does not need to be that way. Kindness is a choice that anyone can make at any time. Try allowing someone to go ahead of you in the grocery store checkout line, and watch their appreciati­on - and surprise.

Notice also how you feel with your act of kindness. It is our difference­s that make us collective­ly stronger, and it is our similariti­es that unite us. These seeming tensions are relentless, yet they provide the glue to make our nation the most desirable to immigrate to, as measured by the number of foreign-born residents. Perhaps 2023 can be a launch pad for improvemen­t on multiple fronts.

If we do not take such action for ourselves, perhaps we should take them for our children and grandchild­ren. Compromise is clearly making progress in Washington, while fiscal responsibi­lity is a long shot.

Most would call me Pollyanna for hoping for kindness.

Lord Baden-Powell followed the thoughts of Ralph Waldo Emerson when he said, "Try and leave this world a little better than you found it." What better time to practice this principle than in 2023.

"If we do not take such action for ourselves, perhaps we should take them for our children and grandchild­ren. Compromise is clearly making progress in Washington, while fiscal responsibi­lity is a long shot.”

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