Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash - - POLITICO.com
The federal government is broke and going broker. At least a dozen states are insolvent--probably more. There are cities filing for bankruptcy. Can you imagine what the Republican Party could do with the issue of lunatic government borrowing and spending if they had some cohesion and leadership? But instead we have people talking about a Palin-Beck ticket in 2012 and yammering about gay marriage and every other social issue under the sun. Unbelievable.
1 comment:
We clearly need a more sustainable economy that doesn't rely so much on irrational exuberance in the stock market and excessive resort to leverage that overspeeds the economy and naturally leads to slow downs such as we are experiencing now.
Unlike the previous four decades, we've had two economic contractions in the current decade. That should tell us we need to chart a different course.
Post a Comment