Tag: discretionary spending

The Sequester from a business prespective

With the Dow Jones hitting all-time highs, I thought that it would be instructive to see what Wall Street thought about the sequester. A few thoughts from Goldman Sachs: In 2011, Congress passed and the President signed the Budget Control Act, which raised the debt limit by $2.1 trillion and cut $2.1 trillion from projected spending over the following ten years. Caps on discretionary spending levels were estimated to reduce spending by $900bn compared with baseline projections that assumed spending would growth with inflation. The remainder of the savings was to be achieved by the congressional “super committee.” To motivate the

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Friday Morning News Roundup

Friday Morning News Roundup There are many lessons to be learned and studied from the disaster that is characterized generally as Hurricane Sandy. One of these lessons that I’ve been studying has to do with the two hospitals which were evacuated. One of the best articles that I’ve read so far was published in the New England Journal of Medicine. This is clearly worth a read. For weeks, I’ve said that there really is no fiscal cliff. The heightened rhetoric that we’ve seen in the media by pundits and politicians can only be categorized as nauseating. First of all, Congress is

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I’m not hopeful

I never liked that old story of the Engine That Could. There are some things that the power of positive thinking simply won’t fix. Several weeks ago, I was sort of hopeful that some sort of deal would be made. The deal might be crappy, yes, but at least the economy wouldn’t implode. With each day, as reasonable and downright awful deals have all ended up in file 13, I’m getting less and less hopeful that our dysfunctional Congress can do anything that really helps the American people. So I went from I think they can to I think they are

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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