Tag: federal budget
More Stimulus: Insanity?

Warren Buffett says the economy is not recovering and we might need a second stimulus package to turn things around.  In other words, what we did before isn’t working, so let’s do it again.  Insanity has sometimes been described as doing the same thing over and over and expecting different results. When George W….
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CBO Report: U.S. Will Go to Hell in 2009

According to a report just released by the Congressional Budget Office (CBO), “the [federal budget] deficit this year will total $1.2 trillion, or 8.3 percent of GDP.” This seems about right for a banana republic. The bad news is that neither commercial banana cultivation nor a republican form of government has proved viable in this…
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