January 31, 2010
The Congressional Budget Office does a decent job of making projections on the budget…usually. What usually throws this organization off is the government ends up spending more than projected. This time I think CBO is too optimistic in its projections, and it isn’t just based on the inevitable spending overruns by our elected “leaders.”
Above is [...]
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January 27, 2010
An interesting article by James Kostohryz over at Minyanville.com about a McKinsey report that shows America’s debt problem is very manageable. This view coincides with the author’s personal view. Kistohryz points to a few factors to base his belief. My comments follow his:
1. US public debt levels are quite moderate compared to other developed nations. [...]
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