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Posts Tagged ‘Uncle Sam is a clown’

Our Government Remains a Joke!!

Posted by Larry Doyle on October 15th, 2013 8:49 AM |

If our supposed leaders holding public office in Washington were not so pathetic, they may actually be comical.

But there is little to laugh about when we learn just how much the dysfunction in Washington costs our economy. The Financial Times highlights this morning:

Economists are scrambling to assess the damage inflicted on the US recovery by the government shutdown and its second close brush with default in as many years.

But the bigger picture is that the political paralysis surrounding US fiscal policy, with recurring feuds and brinkmanship on Capitol Hill, has already taken a massive toll on the country in the past three years.

In a report released on Monday, Macroeconomic Advisers, the research group, found that America’s budget fights have cost more than 2m jobs and slowed annualised economic growth by 1 percentage point of gross domestic product since 2010. (more…)






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