Out of control US deficit spending - Credit Writedowns

Edward Harrison

Fri, 30 Apr 2010 17:59:50 GM

This is what turns a useful stimulus idea into . wasteful spending. . What surprises me are the many smart people who continue to believe that government offers a real solution. They cloud their judgment by blaming the other side, when really there is a structural problem ... What surprises me is that so many . allegedly. smart people actually believe that this doesn't occur. "Free markets" is a cloaking device to provide cover for corporate predation. Deregulation often means ...

US faces one of biggest budget crunches in world IMF Randy's Right

randyedye

Sat, 15 May 2010 17:47:33 GM

Unfortunately this is a rather long post with a few chunky tables, but it is worth . spending. a bit of time with the IMF analysis is fascinating. Its cross-country Fiscal Monitor is not easy reading and is a VERY big pdf (17mb), . ... accepted by the electorate that the situation is as serious as it was after WW2, then there is hope that countries like USA and UK can rebuild their manufacturing economies and chop off funding of the idle, the fraudulent and the . wasteful. . ...

A Matter Of Governmental Priorities

Coyote Tramposo

Fri, 23 Apr 2010 22:10:00 GM

According to Obama, his first priority "is to figure out how can we reduce . wasteful spending. so that, you know, we have a baseline of the core services that we need and the government should provide. And then we decide how do we pay for ...