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Steve McIntosh Report Blog

From crisis to crisis

The Congressional “fix” is temporary. It gives our government a few weeks to finally accomplish something on spending and debt control. Why am I not very optimistic?
I wonder if the battle over Obamacare took attention away from that 800-pound gorilla: the debt limit?
In my opinion, Representatives and Senators should now focus on putting the nation’s fiscal house in order. Let the past few weeks be a wake-up call: delaying adjustments in entitlement spending has become criminal. Our lawmakers must do their jobs … now!
Ever-increasing debt is not the answer. We need an annual budget that allays uncertainty about what’s going to happen next. That will take some of the shackles off the markets and business.
The problem is still entitlements. Until our lawmakers can muster enough political courage to take on that issue, we will lurch from one crisis to the next.
If there are any genuine leaders in Washington, let them come forward now … not to resist and obstruct … but to solve and correct.
Our thought for today is from Herbert Rappaport:
“I hope that while so many people are out smelling the flowers, someone is taking the time to plant some.”

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Topics : Business_FinancePolitics
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Locations : Washington
People : Herbert Rappaport

10/22/2013 1:26AM
From crisis to crisis
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