The most serious long-term threat to the nation's fiscal health is decreasing. Republican policy makers are reportedly panicking as they frantically search for some other way to decry the evils of big government..
Yes, we almost got down to not growing spending more than gdp... but that doesn't really matter.
This is what matters:
"Medicare costs (including both HI and SMI expenditures) are projected to grow substantially from approximately 3.6 percent of GDP in 2010 to 5.5 percent of GDP by 2035, and to increase gradually thereafter to about 6.2 percent of GDP by 2085."
We're never going to have GDP at 5 percent, at least not as an average. Those future projections in your article don't fit with the trustees report.
Let's see, the stock market is around 13000, private businesses are hiring, the economy is growing and unemployment is declining. This stuff happened because Satan has his sights on America (just ask Rick Santorum) This is all bad news for Republicans but they have a backup plan. Don't panic, lets just call their women sluts, stop private insurance from paying for birth control pills and force an ultrasound probe into the vagina of any woman that wants an abortion. How could they lose with positions like that?
Welcome to the 1920s Evan, do you have anything from this century? John Quiggin says the Austrian business cycle theory "hasn’t developed in any positive way" since the 1920's, and has since become "ossified dogma"
Paul Krugman:" Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time...
From that bastion of lamestream liberalism, TIME. Mr. Klein puts it so darned well I couldn't resist posting the whole article. It's not very long. Enjoy!Oh, and as we all know, there WAS no vote today (Thursday). ...
Web-site/URL: http://news.yahoo.com/s/huffpost/201002 … UtY2xhc3M-More evidence that the worst recession since World War II is still NOT over and won't be until we see some spending and there is a TRUE drop in...