Tag: Greek

Cut, Cap, and Balance

It did not take long to find a web site dedicated to it, www.cutcapbalancepledge.com The Pledge is very simple:

Cut – Substantial cuts in spending that will reduce the deficit next year and thereafter.
Cap – Enforceable spending caps that will put federal spending on a path to a balanced budget.
Balance – Congressional passage of a Balanced Budget Amendment to the U.S. Constitution — but only if it includes both a spending limitation and a super-majority for raising taxes, in addition to balancing revenues and expenses.
I think the pledge is the common sense position for a solution to our nation’s budgetary and debt crisis. Left unchecked

U.S. Budget Deficit & Federal Debt

The issues and news surrounding the U.S. Deficit has been sort of like low-level background noise as ever since I was a child. However its size as a percentage of the Gross Domestic Product and the size of the interest payments on the debt as a percentage of the Federal Budget has been growing ever louder like the sounds of thunder on an ever approaching thunder-storm.

I thought I would to highlight a recent article on the topic by

A Few Thoughts on Greece

Later tonight the Greek parliament will vote on a five-year plan of budget cuts, tax raises and privatization in order to win a bailout package consisting of EU/IMF funds. While the prospects of the parliamentary vote, its expected passage, and the subsequent saving of the French banks, have somewhat calmed the markets; I am somewhat surprised how easily the market seems to