Glenn Hubbard, Wall Street JournalMoody's Investors Service's warning last week that the AAA credit rating of the United States is in jeopardy raises fresh concern about the nation's fiscal health. The question to ask about the president's eye-popping budget, also rolled out last week, is whether it prepares the country for its future"”or shackles it to past decisions that our leaders would rather not confront.President Obama's blueprint gave us a federal budget deficit for fiscal year 2010 of $1.6 trillion, about 10.6% of GDP. While one expects bigger budget deficits in a downturn,...
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The Problem is Government Spending
Posted by driller 207 days ago (http://www.fundrill.com)
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