27 February 2011

How Much of Our Fiscal Problems Will Be Solved By a Better Economy?

In this article by Simon Johnson, he talks about the real reasons for our current economic state and how we can get out of it.

The truth is:

  • The deficit was not caused primarily by the stimulus, but by significantly decreased tax revenues.
  • The Obama administration is continuing the time honored standard of pandering to the banking industry (and most other industries for that matter).
  • Only bipartisan cooperation and vision can help us get out of this.
Check this article out.

I think you'll find it interesting.

Also, look on the lower right hand corner at the economic indicators. Things are looking up in almost all sectors, except new homes.

No comments:

Post a Comment