Friday, March 28, 2008

Where Does the Money Go? Federal Budget Crisis

Scott Bittle and Jean Johnson,editors of Public Agenda online. www.crfb.org(Committee for a Responsible Federal Budget) References: Do Deficits Matter? University of Chicago Press. Taxes, Spending and the US Government's March toward bankrupcy. (Cambridge University Press,2007) by D. Shaviro,professor of law and taxation.

Both monetary and fiscal policies need to be stressed with new incentives for the American economy after inauguration in January 20, 2009.

On page 286: It is time to invest in the middle class. That is the first priority. Only about one American out of ten consider himself/herself either lower or upper class so recommending proposals to benefit the middle class is bound to be popular in the election year of 2008. China's middle class is expanding as known to media in US.

About 50 million Americans don't have health insurance. Folks in USA and in China do need to have health care as we are watching the outcome of election for the well-being of Americans in 2008 and beyond...

Francis Shieh, a watcher for the changes in November 2008 and January 2009 for a better USA under new leaders.

No comments: