Quote:
Originally Posted by bigtex
A simple best of luck Mr. President would be a mighty good start!
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I'll drink to that, but would note that I believe his luck will be a lot better if he moves toward the center like Bill Clinton did in 1995. That means that he needs to lead the nation in
serious discussions (not just happy talk) of entitlement reform, tax reform, and something resembling Simpson-Bowles. (If he doesn't like Simpson-Bowles, it should at least be the starting point for a wide-ranging debate, or he should tell us what
his plan is for placing us on a glideslope to fiscal sustainability.)
Remember, Bill Clinton
cooperated with Republican congresses to produce serious welfare reform and responsible budgets. Government spending as a percentage of GDP
fell by about three percentage points during the latter half of the 1990s. The policy mix was going in a sustainable pro-growth direction, whereas for the last ten years the opposite has been the case. Now the economy has a very large, growth-retarding meal to digest.
From this point forward, navigating the shoals is going to be very difficult.