Showing posts with label federal budget. Show all posts
Showing posts with label federal budget. Show all posts
Monday, August 30, 2010
Where the money goes can determine a nation's destiny
"In the past several decades, the country paid for increases in Social Security, Medicare, and Medicaid spending through cuts in defense spending relative to the size of the economy. That approach is not feasible in the future." CBO, March 8, 2010.
"If you really want to see when an empire is getting vulnerable, the big giveaway is when the costs of serving the debt exceed the cost of the defense budget." Niall Ferguson.
Wednesday, June 23, 2010
Logic has crept into the White House while noone was looking
The Democrat-controlled House and Senate have decided they will not produce a fiscal 2011 budget.
Budget director Peter Orszag has resigned.
Is this the first time the Obama administration has produced a sensible sequence of events?
Budget director Peter Orszag has resigned.
Is this the first time the Obama administration has produced a sensible sequence of events?
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