Joe DioGuardi remarks on the potential government shutdown
Dear Friend, The budget debate and potential government shutdown is much more about a new vision for America revolving around the role of the federal government vs. the States, as opposed to whether we will cut spending by $33 billion or $61 billion in FY2011, for which a huge deficit of $1,650,000 trillion is being projected. Congressman Paul Ryan, Chairman of the House Budget Committee, has done something bold in reconfiguring how the federal government should be spending o
New Debt Deal Barely Scratches the Surface
The national debt, excluding unrecorded and unfunded liabilities for Social Security and Medicare (estimated at $50 trillion), will exceed $15 trillion by the end of this fiscal year. The National Commission on Fiscal Responsibility and Reform appointed by President Barack Obama warned that unless we stabilize and reduce the national debt, we could spend $1 trillion a year in Interest payments alone by 2020, when our national debt subject to the statutory debt ceiling is proj
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