Funding the “BBB With PPP” (Including Social Programs)

by Bobby Reyes

| Photo by F. Delventhal via Creative Commons CC BY 2.0

Part XXIX of the “EDEN America” Series

Readers that are just beginning to follow this column need to know what “BBB With PPP” means. It stands for “Build Back Best With Public-Private Partnerships.” It means that the federal government ideally should not saddle taxpayers with substantial infrastructural programs (including ambitious social and environmental projects) financed through borrowings. And, or by increasing taxes. The U.S. Congress and The White House simply raise federal debt limits and “just kick the proverbial can (of repayment) down the road,” to use an oft-quoted phrase. And burden the incoming generations of taxpayers with paying the trillions of greenbacks in public debt.

This columnist finally accepted in late November 2020 the long-pending invitation by Richie Rillera of the Philippine Daily Mirror (PDM) based in New York City. The Big Apple is still the world’s capital for publishing innovative ideas. Thus, this column started to discuss ideas after ideas on how “WE, the People” could solve American society’s socioeconomic problems. And at the same time, help the Third World achieve simultaneously political and socioeconomic empowerment. Yes, especially in the (former) home countries of some of the most prominent immigrant groups in this largest melting pot of a nation. As discussed earlier in this series, the United States has to reclaim its position of being the biggest trading partner of the countries where the immigrants came from.

This column dished out several articles to then-President-elect Biden and continued writing suggestions after taking office at The White House. At the end of this column, readers will find the links to some of the columns written for President Biden’s attention and further study of his economic-development staff and advisers.

This column has been advocating for the state-and-local governments to join the private sector (including members of Corporate America and public employees pension funds) in Public-and-Private Partnerships (PPP). The private sector can organize cooperatives (co-ops) and raise investments funds for ventures like those described in the “Old-Man River’s Renaissance” (OMRR) projects. In short, the federal government, including the Federal Reserve Bank (FRB), should be investing (and not providing dole-outs or grants) in the OMRR projects. The FRB can buy “municipal bonds” of states, counties, cities, and towns instead of purchasing tons of corporate (junk) bonds to the tune of more than $100-billion (spelled with a B) per month during the trying times of this current pandemic.

“Projects like the OMRR ventures can also help the youth of America, especially the young men in the rural, if not rustic, communities. How? The ventures can generate doable visions, confidence in themselves, proper motivation, and access to more-local educational and livelihood opportunities for the youth.”

The “municipal bonds” can be purchased by even minority groups in the United States. For instance, the Filipino-American communities (some 4.3-million U.S. citizens and immigrants) collectively earned more than $92-billion per year (before the pandemic). And other Asian- and Hispanic-American communities are more prominent and make more collectively than Filipino-American workers. So, given that people will gladly invest in the “Renaissance ventures,” especially if the White House and state capitols will send high-ranking representatives to meet with interested community groups.

Projects like the OMRR ventures can also help the youth of America, especially the young men in the rural, if not rustic, communities. How? The ventures can generate doable visions, confidence in themselves, proper motivation, and access to more-local educational and livelihood opportunities for the youth. For instance, young men — that do not reside and, or work in big cities and highly-urbanized suburbs — are becoming the American counterparts of the many rural-based Japanese men. Both groups are finding it hard to find a girlfriend (or bride) because most local young women have migrated to cities with more educational-and-employment opportunities. It has led to Japanese men finding foreign brides. (Note: Readers may type in “Filipino brides” in the Search Box of the PDM to read more data about “foreign brides.”)

My fellow PDM columnist, Fernando Perfas, Ph.D., is an expert in the subject of addiction, especially of banned substances. He is perhaps able to write more authoritatively about the current opiate crisis among American youth, especially young men. Dr. Perfas and his classmates can write better about the sad reality of universities and other high-learning institutions, especially community colleges, facing declines in male enrollment. This columnist has an educated guess that young people who never finished college or are unemployed or under-employed caused the opiate crisis among young American men. And unable to find a suitable girlfriend or bride.

“The LWE feature is a part of the SWATT proposal that this column mentioned in several episodes.”

In subsequent parts of this series, we intend to discuss how the OMRR ventures can do “Learning While Earning” (LWE) programs that institutions of learning can design for young workers that are only high-school graduates. For example, workers in the proposed commuter-train projects can join the LWE program by taking up railway engineering, which has lots of civil, mechanical, and electrical engineering subjects. And, or they can take up a course — at the very least — on “social engineering” that can combine distance-and field-work learning. We will devote a particular episode in the column for the LWE proposal in the weeks to come.

The LWE feature is a part of the SWATT proposal that this column mentioned in several episodes. The SWATT is the acronym for “Social (or Science) Workers, Agriculturists, Technicians and Technocrats” fielded in rural areas. For instance, assign a SWATT team to help save, reinvent, and revive a farm where the owner has committed suicide over declining revenues and markets. The SWATT team members can enroll in “distance-learning” schools — according to the LWE proposal. An agricultural student can even choose as a major field of concentration “agricultural engineering.”

The LWE program may be a more viable alternative to the federal or state “student-loan fund” system — as they may reduce into a feasibility study.

Here again, are the links to the earlier proposals for President Biden and for the reading pleasure of the readers interested in joining the OMRR ventures:

Published on Dec. 25, 2020
How A Biden Doctrine Can “Reinvent” Poor Christian Countries’ Christmas-Season Meals
Published on Jan. 13, 2021
A Biden B2B Doctrine for Economic Empowerment
Published on Jan. 19, 2021
A Biden B2B Doctrine for Economic Empowerment (Part II)
Published on Jan. 22, 2021
A Biden B2B Doctrine for Economic Empowerment (Part III): The “I2D2” Proposal
Published on Jan. 26, 2021
A Biden B2B Doctrine for Economic Empowerment (Part IV): The “I2D2” Proposal
Published on Jan. 28, 2021
Biden Can Become a “Super Genius” (Part V of a “Biden B2B Doctrine” for Economic Empowerment)
Published on Jan. 31, 2021
Funding Biden B2B Doctrine’s Medical Centers to Fight Pandemics (Part VI)

Published on Feb. 3, 2020
Biden B2B Doctrine Must Make Vaccination a Human Right (Part VII)
Published on Feb. 17, 2021
“Wealth Tax” in Rich Nations Can End “Vaccine Imperialism” (Part IX)

1 comment

Roberto M. Reyes January 1, 2022 - 9:57 pm

Here is our New Year’s gift to North America and the world that is running out of clean fresh water. The United States of America can be the biggest sustainable oasis on Planet Earth.
And readers may be surprised pleasantly that by this Wednesday, Part XXX of this series is titled, “The ‘OMRR’ Ventures Must Include the Rivers Traversed by the Lewis-Clark Expedition.”

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