Why you should still be worried about our economy.
There is a link floating around on Facebook citing data from the CBO saying that the federal economy’s deficit is on a downward slope. The problem is that 5% of the real findings were taken out of context and if you’d read the whole thing, you’d know why none of the politicians are bragging about it.
Read the whole thing, it will be a quick lesson on economics and math and why you shouldn’t base your political leanings based on FB posts unless they cite real data…say…like the CBO’s findings. Which cooincidentally places blame on ALL of the politicians, not just your trusted party.
To give a sense of how much deficit reduction would be required to reach an illustrative target(not a recommendation!):Suppose that policymakers wanted to reduce debt from is current 73 percent of CDP to its 40-year average of 38 percent, and to make that reduction of 35 percent linearly over 35 years – that is, by 1 percent of GDP per year.
To achieve that goal with policy changes that phased in over time would require changes that save nearly $2 trillion over the coming decade.
Cept for one problem. WERE NOWHERE NEAR THAT AND SHOW NO EVIDENCE OF EVEN MEETING 10% OF THESE GOALS.
Please watch the full presentation HERE at CBO.GOV
So stop pointing the finger at Republican and Democrats, because we’re the ones that voted these guys in and let them ruin what was an economic titan.
-me
As you may have guessed from references in some of my posts, I’ve been doing odd internet jobs for people for a long long time now. I’ve been offering hosting/email services for almost eight years now, and even been helping a number of online communities stay alive even longer. Not just to help them out, but get a feel for the market and see if I could make it in a completely different and far more satisfying lifestyle. The answer is yes, it’s working. Slowly but surely, I am getting more and more savvy in an arena of IT I’ve never really considered to be my forte. Well…as it happens, tinkering around with a gazillion operating systems, reverse engineering hardware, and breaking the hell out of websites eventually leaves you with a few skills. I can build a server blindfolded, have a business set up with a virtual office, email, and a competent website in less than 4 hours. I am not bragging, I’ve done all those things in the last couple months without realizing that it might actually be something that could make me a buck or two. So it’s happening. Slowly but surely as i build my business, hopefully it will someday enable me to shrug off the 9-5 and live a little better.
