Friday, March 20, 2009

Budget Deficits...

In another note--while I've been very supportive of Obama, and definitely am enjoying his reinstatement of scientific input into policy, I'm quite concerned about his ability to budget. As a regular humble resident of main street, the wife and I have had to work hard to get within a budget, however, it seems that the federal government isn't quite as constrained. While it seems reasonable that some deficit spending might be needed, I get a bit worried about $2.3 trillion errors in estimates. As a future economic driver (I hope), it worries me to think about the tax rates that will be placed on my income to service these types of deficits, let alone pay them down a bit. It doesn't seem so unreasonable to me that the federal governement might face some of the same problems as the state of Califorina did if they continue to spend like this. Anyway, back to work--I mean Tournament--I mean work.

No comments:

Post a Comment