Wednesday, April 28, 2010

"Hi! My name is America and I am a Spender"

The first step to solving a problem is to admit that you have a problem. We have a spending/deficit problem in the US. And both major parties contribute to it. Bush wanted prescription drug benefits and waged wars without wanting to pay for them. Obama wants to add billions to government subsidized medical care, expand wars, and who knows what without paying for it.



As much as people like the idea that the top 2% pay for everything such an approach is probably not very sustainable and leads to feelings of entitlement from the 98%.



http://online.wsj.com/article/SB10001424052748704464704575208040125742672.html

No comments: