Random Thoughts April 12, 2011
The Economist reports this week that
is suffering from higher then expected unemployment and contraction of the economy. Greece
Well, higher then expected by those who believed that cutting government spending and raising taxes was contractionary for an economy. For the rest of us, it is just what we expected.
The President is going to announce his plan to cut the deficit. Gee, isn’t that what the 2012 Budget was all about?
The Washington Post reports that one half of the recently negotiated cuts will hit education, labor and health programs.
Does anyone still wonder who is winning the budget battle in D. C.?