Friday, March 29, 2024

Archive for September 2, 2011

A lull in the debt crisis

A lull in the debt crisis

  Hear that rattling sound? It’s the can being kicked down the road. Congress and the Administration passed the “Budget Control Act of 2011” to avert the immediate debt crisis. The problem is, 70% of the spending reductions in the bill are not scheduled to occur until 2017 to 2021. Will Congressional Representatives, at that time, honor those reductions, or will they override them? Regardless, the reduction in spending will be swallowed-up many times over by Government budgeting ... Full Story

Jobs needed

Jobs needed

  To the Editor World War II ended abruptly on August 15, 1945. Across America whistles blew, horns tooted, and people poured into the streets to celebrate the end of our four-year nightmare. What a wonderfully joyous relief! It also was the end of millions of stateside jobs, just when we had eleven million returning troops who would need jobs, and our national debt equaled 156% of GNP (vs 99% today). (Editors note: A balanced budget amendment would have meant we could not have ... Full Story