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Steve McIntosh Report Blog



The real story

I was glad to hear Republican presidential candidate Mitt Romney talking about creating 12 million jobs during his speech at the G-O-P convention. Of course, presidents don’t really “create” jobs, but we’re to understand Romney’s policies would help create the conditions to create jobs. And I think he’s hitting the right theme, even though it doesn’t have much “sizzle” … as they say in advertising.
I doubt we’ll hear much serious discussion over the next eight weeks about tackling the issue of financial responsibility. We’ll hear about cutting government spending and who should receive tax cuts or increases, but not much about really solving the problem.
A serious discussion would involve moderating so-called entitlements and increasing revenue. A serious discussion would involve asking for a little sacrifice now, to avoid a great deal of pain for everyone down the road.
For thirty years politicians have pretty much avoided fiscal responsibility, and I have no confidence Obama and Romney are going to seriously talk about it now.
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Our thought for today is from Abraham Lincoln:
 
“You cannot escape the responsibility of tomorrow by evading it today.”


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Topics : Business_FinancePolitics
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People : Abraham LincolnMitt RomneyObama




 
09/05/2012 1:00AM
The real story
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