America's Economic Future – A Discussion By Ted Kavadas
I would like to make a few comments regarding the health care legislation. I’ve written a few posts mentioning health care; here are the most substantive. First, as I’ve previously written, the health care system that we now have needed to be changed. It clearly has evolved into something that is unsustainable economically as well …
The March 1 edition of Fortune Magazine has an article titled “Alan Greenspan Fights Back.” The link is found here. I found the article interesting for a variety of reasons. As the article mentions, rarely has Greenspan addressed his purported culpability in creating the housing bubble and its accompanying impact on the economy. Greenspan’s tenure …
On October 16 I wrote a post titled “Tax Increases And Our Economic Situation.” That post can be found at this link. Some may wonder what tax increases I am referring to, as at least headline tax rates have yet to increase in many areas. Tax increases have been deferred for many reasons. Among these …
Here is poll (in PDF format) on economic conditions that I believe is highly notable. It is from CNN and was conducted February 12-15, 2010. The question presented was “How would you rate the economic conditions in the country today — as very good, somewhat good, somewhat poor, or very poor?” A total of 83% …
In the Wall Street Journal on Saturday, February 13 there was an editorial titled “High-Speed Spending.” This discussed the dubious financial dynamics of a long-proposed “high speed” Orlando-to-Tampa rail project. I also heard of a proposal to do a similar project between St. Louis and Chicago. I have lived in the Chicago area for most …
On February 10th an editorial by Scott S. Powell appeared in Investor’s Business Daily titled “Greece’s Crisis: A Warning To Profligate U.S.?” The link can be found here. I am highlighting this editorial as it discusses many important issues, most of which I have previously mentioned on this blog. As well, it compares our current …
On Saturday The Wall Street Journal had an editorial titled “Escape from Taxation.” The link is here. In the editorial, it is mentioned that higher-income people are moving out of New Jersey as the tax rate is increased. In my article “America’s Trojan Horse” found at this link, I discussed the widely-held fallacy that debt …
One aspect of our current period of economic weakness that lacks broad recognition is the impact on society. There are many different aspects of this societal impact, some of which I have already discussed on this blog. Yesterday’s Wall Street Journal, page A3 had stories that serve as examples of this societal impact of economic …
Treasury Secretary Timothy Geithner was on “This Week” on Sunday and made various comments. Here is the link: http://abcnews.go.com/ThisWeek/week-transcript-treasury-secretary-timothy-geithner/story?id=9758951 I could make a lot of comments regarding this interview. However, I would like to focus on this one exchange: TAPPER: The Congress just voted to raise the debt ceiling to more than $14 trillion dollars. …
Two measures of economic activity that I closely follow have been weak over the recent past months. This is notable, as they did enjoy a significant “boost” over the mid-2009 timeframe. These two measures have proven to be excellent indicators in the past. They would be considered “coincident” in nature. I view the weakness of …