- What is Simpson Bowles (WaPo)
- Will the fiscal cliff break Grover Norquist? (WaPo)
- Democrats unwilling to trim entitlement spending (NYT)
- Texas manufacturing barely improving (Dallas Fed)
- US durable goods orders up barely (Census)
- CFNAI indicates continued below trend growth (Chicago Fed)
- The Greek debt deal (FT)
- OECD projects weak economy going forward (OECD)
- A short bio on China's new leader (FT)
- The multiplier is at least 2 (Economist's View)
Today's Headlines
12 minutes ago
3 comments:
Hi Hale,
Could you comment on this article? Are they being straight with the numbers or is there a sales job going on here?
http://finance.yahoo.com/news/why-16-trillion-only-hints-040600503.html
Thanks.
It's a sales job, they're projecting the total cost of all entitlements assuming no changes for the next several decades.
Think about it for a second. No medical advances for decades. No cost cutting measures for decades. No population/employment growth for decades. Just blindly running into a cliff that everyone can see coming.
Seriously, consider the source of the article. I doubt he even wrote the whole thing, since it's mostly a rehashed collection of talking points.
I thought so, but without access to his data or his assumptions it's hard for the average person to verify. Was hoping you'd turn it into a post with some kick ass, informative graphs to expose the underbelly.
Love your blog. Thanks
Post a Comment