Good economics is inclusive politics
Opinion
March 10, 2021
The defeat of Finance Minister Mr Hafeez Sheikh in the Senate elections is not just a defeat of Mr Imran Khan but a rejection of the idea that ‘economic-technocrats’ are the solution to Pakistan’s economic woes.
I am not implying that economic-technocrats can’t be useful; I am just problematizing the ahistorical and undemocratic approach of preferring malleable technocrats over independent-minded politicians with strong roots amongst the people.
The powerful quarters in Pakistan falsely assume that economic technocrats can deliver economic development despite the broader political and institutional instability created by the narrow-vested interests of the former. This is tantamount to wishful thinking because history tells us that economists/technocrats cannot deliver economic development; it is always delivered by a forward-looking visionary political leadership by creating political-economic settlement/cons
WASHINGTON
President Biden’s first big legislative victory, the $1.9-trillion package he calls the American Rescue Plan, squeaked through an evenly divided Senate by the narrowest of margins, along party lines, foreshadowing the challenges ahead for his other priorities on infrastructure, voting rights, immigration and climate change.
But the accomplishment and the potential economic and public health impact of the wide-ranging relief program could also mark a big step toward Biden fulfilling his Rooseveltian ambitions.
“This is going to be the biggest legislation affecting social and economic justice in decades, and it’s been achieved in the early days of an administration,” said Bob Shrum, a longtime Democratic operative.
A brief history of the GI Bill Caitlin O Brien March 10 President Franklin Roosevelt signs what would become known as the GI Bill in his office June 22, 1944. (FDR Library Photo Collection) With its history of expansions and additions to benefits for service members and veterans, the GI bill has been a life-changing piece of legislation since it first passed in 1944. Today, the GI bill helps qualifying veterans pay for higher education and training programs. The original bill, the Servicemen’s Readjustment Act of 1944, expired in 1956, but the colloquial term “GI bill” refers to legislation that has created programs for veterans since then. The legislation was extended as the Montgomery GI bill and again in the form of the Post-9/11 GI bill.
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