Old Rocks
Diamond Member
I heard on the radio this morning that congress is working on reinstating a version of the PAYGO rules that balanced the federal budget back in the 90's. ( PAYGO - Wikipedia, the free encyclopedia )
It is a bit like shutting the barn door after the horse is gone, but it makes sense to repair the door, just in case you get another horse any time soon.
-Joe
Had Bush been under a Paygo policy we would be far better off now. But the financial meltdown has been building for many decades. Every since people like Boesky were allowed to dismember previously sound businesses. That was legal piracy, and started the downward spiral that the Republican taste for deregulation put into overdrive.
21. Wolves on Wall Street
Can President Obama repair the damages of decades of greed as a virtue? I don't know, but I would rather have him in there trying than more Republican puppet handlers trying to figure how thay can extort even more money from an already debt ridden populace.