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Daily Archives: November 29, 2012
David Walker on the necessity of concessions on all sides
David M. Walker, former U.S. comptroller general, who headed the Government Accountability Office from 1998-2008, now CEO of the Comeback America Initiative, is one of the few who understands the numbers at hand. See: The fight for a grand bargain. … Continue reading
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US Bonds not buying the “fixie” dust
This chart captures the disconnect between the S&P 500’s “hopium fix” the past few days and US bond markets that see no grounds for economic optimism thus far. Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
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My suggestion for US budget reform
Let the fiscal cliff happen in 2013 to reduce the present 1 trillion of deficit spending by approximately 670 billion. Continue working on reforming the tax code in 2013 in order to remove other deductions and loop holes which the … Continue reading
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