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Posts Tagged ‘Medicare’

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…)

FPA’s Bob Rodriguez Has a Message for Washington

Posted by Larry Doyle on May 17th, 2012 8:05 AM |

First Pacific Advisor’s Bob Rodriguez is a renowned money manager. I hold him in the highest regard.

The only issue I have in regard to Mr. Rodriguez is that he is not in Washington managing our nation’s fiscal policy.

The simple fact is Rodriguez knows of what he talks and relates it in language that is foreign to most politicians, that is, plain English.

With the ongoing budget fiasco, debt ceiling, and accompanying fiscal cliff on our horizon at year end, recent comments by Rodriguez should ring long, loud, and clear throughout Washington.¬† (more…)

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…)






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