America’s New Economic Policy: “Screw The Kids”
Posted by Larry Doyle on January 16th, 2013 8:41 AM |
What about me? What is in it for me? How does this work for me? The “ME” mentality strikes me as central to America’s new official economic policy.
Who is “ME”? Our Washington politicos.
What policy is that? Let’s navigate.
Having recently sidestepped the fiscal cliff, and as we continue to navigate the economic landscape, we are now faced, as the FT describes them, with “three enormous gorges.” Sounds ominous, right? What are the three gorges? (more…)
Tags: continuing resolution, dealing with the fiscal cliff, debt ceiling, how does continuing resolution work, how does spending sequester work, Medicaid, Medicare, monetary policy in Washington, our kids are getting screwed, out of control spending, raising the debt ceiling, screw the kids, Social Security, tax and spend policy, Washington fiscal policy, what is sequestration, what is the continuing resolution, what is the debt ceiling, will spending cuts kick in, will the debt ceiling be raised
Posted in Deficit, General | 6 Comments »
Erskine Bowles: “This Debt Is Like a Cancer”
Posted by Larry Doyle on July 13th, 2010 7:10 AM |
Identifying a problem is one thing. Doing something about it is an entirely different issue. All too often, America’s political leaders have further exacerbated our fiscal disaster by not responsibly managing our nation’s finances. What do we get? Lots of talk. What do we need? Lots of action. Will we get it? Well, why is America poised to throw a large number of incumbents out of Washington? America wants action.
Why do we need action and a man-sized heaping of sense on cents while we are at it? Let’s have a look at what Erskine Bowles (co-head of President Obama’s national debt commission with former Senator Alan Simpson R-WY) has to say. Glen Johnson of the Associated Press writes, Debt Commission Leaders Paint Gloomy Picture:
The heads of President Barack Obama’s national debt commission painted a gloomy picture Sunday as the United States struggles to get its spending under control. (more…)
Tags: Alan Simpson, Deficit, deficit spending, Erskine Bowles, fiscal deficit, is America broke, Medicaid, Medicare, Mike Beebe, national debt commission, National Governors Association, Social Security, wher do federal revenues come from, where does federal money go
Posted in Deficit, General | 5 Comments »