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As concerns grows on the economic front, former Council of Economic Advisers Chairman Martin...

As concerns grows on the economic front, former Council of Economic Advisers Chairman Martin Feldstein says the dangers are all too real. We're stumbling along right now, Feldstein says, and the folks forecasting 3% growth are far too optimistic. "We'll be lucky if we have 2%." As for the "economic cliff" we're facing in 2013, if everything that's due to expire expires, it will in fact be an economic disaster. (video)
Comments (6)
  • davidbdc
    , contributor
    Comments (3183) | Send Message
    So does he prefer that our children and grandchildren go off an even bigger cliff? When exactly should government spending be cut? When should the entire tax code be reformed?


    Does anyone really think the crowd in DC are going to enact solid common sense measures that reform our tax code, reduce the size of our federal government, scale back the military footprint globally, and restore our freedoms?


    I think that 3/4ths of all people now simply ignore the news and anything having to do with government. We know that the triumvirate of bureaucrats, politicians and financial elite have effectively captured the corridors of power and are stealing from future generations to enrich themselves.
    22 May 2012, 07:41 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
    I agree with the comment that 3/4ths of people now simply ignore the news. What impact does one have anyways on it? I don't believe that it is the troika mentioned however although they are big players. What is even larger is dollars for votes so they government is as dysfunctional as ever from multiple perspectives. Both parties are corrupt.


    Agree the federal government needs to be cut down to size. And state governments should shoulder more responsibility.
    22 May 2012, 11:50 PM Reply Like
  • Ray Lopez
    , contributor
    Comments (1602) | Send Message
    These guys are Keynesianists but with a twist: they also don't believe in unlimited printing of money. But I say: if you are a follower of Keynes (which I am not), you should be like economists Krugman and Sumner, and advocate lots of QE (money printing). Why hold back? It's like being "a little pregnant" and makes no sense. In with the penny, in with the pound! Or trillions of pounds and dollars and euros. Unleash the dogs of hyperinflation and let everything burn to the ground and rebuild, and be done with it. At least it will get us over this slow-motion crash and comatose recovery aka The Lost Decades of Japan.
    22 May 2012, 09:42 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
    Some day we may look back on this slow motion crash as good days.
    22 May 2012, 11:50 PM Reply Like
  • Hendershott
    , contributor
    Comments (1617) | Send Message
    Apocalypse now.
    22 May 2012, 10:54 PM Reply Like
  • Khyber Pass
    , contributor
    Comments (276) | Send Message
    Read What is Dominionism at and get back to us. David bdc seems to get it. This is about the fight for the soul of the nation and thinking people are losing, insofar as I can see. You are not going to see a cut in military spending, it's too profitable to the elites.....although, maybe reg'lar people will take notice now that it's been discovered that the military is buying counterfeit parts for its made mostly in China. Suppose we gave a war and all the planes fell out of the sky? One big hellacious mess, ain't it?
    22 May 2012, 11:05 PM Reply Like
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