Mort Zuckerman: Political Leaders Must Deal With the National Debt or Future Generations Will Pay

Mort Zuckerman: Political Leaders Must Deal With the National Debt or Future Generations Will Pay

Comments

Post a Comment

Popular posts from this blog

Basil Marceaux

In this episode of The Colbert Report, " Basil Marceaux.com & Obama's Birthday ," "Stephen reminds Tennessee viewers to vote for Basil Marceaux.com and refuses to celebrate President Obama's birthday. (02:16)" Not all political candidates are as clueless as Marceaux, but too many of them are, especially on issues of economic policy.
Read more

The U.S. economy has treated older generations much better than younger ones.

Image
In the article "Wealth and Generations" in the June/July/August 2015 edition of Washington Monthly , Philip Longman explains that by focusing on the growing riches of the “1 percent,” we miss another form of inequality that is bigger, and arguably even more dangerous. Longmans writes: "These vastly different economic trajectories experienced by today’s living generations are basically unprecedented. Throughout most of our history, inequality between generations was large and usually increasing, to be sure, but for the happy reason that most members of each new generation far surpassed their parents’ material standard of living. Today, inequality between generations is increasing for the opposite reason. Though much more productive and generally better educated, most of today’s workers are falling farther and farther behind their parents’ generation in most measures of economic well-being." http://www.washingtonmonthly.com/magazine/junejulyaugust_2015/features/wealth...
Read more

The National Bureau of Economic Research declares the recession ended in June 2009.

Business Cycle Dating Committee, National Bureau of Economic Research This report is also available as a PDF file . CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Previously the longest postwar recessions were those of 1973-75 and 1981-82, both of which lasted 16 months. In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month. ...
Read more