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GAO Chief Warns Economic Disaster Looms
MyWay ^ | Oct 28, 2006 | MATT CRENSON

Posted on 10/28/2006 8:30:11 PM PDT by Mel Gibson

From the hustings and the airwaves this campaign season, America's political class can be heard debating Capitol Hill sex scandals, the wisdom of the war in Iraq and which party is tougher on terror. Democrats and Republicans talk of cutting taxes to make life easier for the American people.

What they don't talk about is a dirty little secret everyone in Washington knows, or at least should. The vast majority of economists and budget analysts agree: The ship of state is on a disastrous course, and will founder on the reefs of economic disaster if nothing is done to correct it.

"He can speak forthrightly and independently because his job is not in jeopardy if he tells the truth," said Isabel V. Sawhill, a senior fellow in economic studies at the Brookings Institution.

"You can't solve a problem until the majority of the people believe you have a problem that needs to be solved," Walker says.

People who remember Ross Perot's rants in the 1992 presidential election may think of the federal debt as a problem of the past. But it never really went away after Perot made it an issue, it only took a breather. The federal government actually produced a surplus for a few years during the 1990s, thanks to a booming economy and fiscal restraint imposed by laws that were passed early in the decade. And though the federal debt has grown in dollar terms since 2001, it hasn't grown dramatically relative to the size of the economy

(Excerpt) Read more at apnews.myway.com ...


TOPICS: Business/Economy; Extended News; Front Page News; News/Current Events
KEYWORDS: deficit; economicdisaster; federaldebt; perotistas; rossperot; unitedwestand
There has got to be some way for some political hack like James Carville or Mary Magdalene Matilin to make some political hay and demonize Ross Perot.

One of the very first steps that is taught in engineering schools is the "engineering method of solving (not creating as in politics). The first step is to recognize the problem, not go into denial or damage control mode. Denial and Damage Control are not methods of solving problems.

Kill the messenger along with the message!

1 posted on 10/28/2006 8:30:12 PM PDT by Mel Gibson
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To: Mel Gibson

This is at least the fourth time this has been posted tonight.


2 posted on 10/28/2006 8:34:34 PM PDT by BW2221
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To: BW2221
I don't believe that there has ever been any article that has been posted 4 times on this board.

Don't worry, be happy. (heavy sarcasm.

3 posted on 10/28/2006 8:36:37 PM PDT by Mel Gibson (Read the book, "Hatred's Kingdom" by Dore Gold)
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To: Mel Gibson

But it's already the worst economy since Hoover! (/sarcasm)


4 posted on 10/28/2006 9:13:33 PM PDT by newzjunkey (Arnold-McClintock-YES 85 Parents Notified-YES 90 Eminent Domain-SanDiego:NO A,YES B & C)
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To: newzjunkey

If Democrats take control of the government, then they will raise taxes from 29% to 58%, concede defeat to retreat from our suddenly victorious but formerly subdued enemies abroad and to invite them to attack our shores again, lavish us with 18% inflation and 13% unemployment, send energy prices to new record highs (inflation-adjusted, of course), and reduce our technological prowess to that of the Stone Age (minus fire) to comply with Kyoto. Ah, how Americans relish their fondest memories of the Carter Administration!


5 posted on 10/28/2006 9:40:48 PM PDT by dufekin (The New York Times: an enemy espionage agency with a newsletter of enemy propaganda)
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To: Mel Gibson
Denial and Damage Control are not methods of solving problems.;

Hey, it works for Mel Gibson. The real one.

6 posted on 10/29/2006 12:20:39 AM PDT by Skylab
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