read this well thought out financial article. Is federal government getting to big ? What is going to happen to our economy down the road ?

"Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace."

""None of this is all that surprising, so where is the miss?" wondered Brown Brothers Harriman global currency strategist Marc Chandler, after noting some fairly pedestrian and in-line quarterly growth results. "Contrary to what passes as conventional wisdom, the main drag is coming from the government itself."

"Also remember: Out there not so far in the future is the "fiscal cliff" of which Bernanke has warned will appear if Congress cannot agree on deficit reduction and thus face an automatic round of steep spending cuts and tax increases at the end of 2012."

News Headlines

Big government is great until it runs out of other peoples money.

Originally Posted by Figmo Bohica

Big government is great until it runs out of other peoples money.

Best quote I have heard in years. If that is a Figmo original, you should have copyright on that one.

You just wonder as both parties are trying not to make the vote to cut anything...see NO BUDGET FOR THREE YEARS....which of them will stand up like a man and address the real issues that need to be address...

"The outlook is fairly clear. Social Security will expand from a spending level of about 5 percent of GDP today to about 6 percent by 2050.

But Medicare and Medicaid, the two big federal health care programs, will expand from about 6 percent at present to over 12 percent of GDP by 2050."

This from the CBO who are specifically talking about Medicaire and Medicaid.

USGovernmentSpending.com Future Spending Briefing

Simpson Bowles which were ignored may come back into play soon