CBO paints dire portrait of long-term revenue, spending

Washington Post, June 26, 2009 Page A18:

"Already heavily in debt, the nation would be forced to borrow ever more massive sums to keep the government afloat, the Congressional Budget Office warns, with the national debt nearly 200% of the overall economy by 2035.

Comment: As long as China,Japan and other nations keep buying US government securities, such debt may not be problems. Moreover, "monetizing the debt" is another way to handle such situation if my prediction is not incorrect.

Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget said: "We need to be focused on slowing spending and finding BETTER WAYS TO RAISE REVENUE. I concur with such assessment and the unemployment problem must be solved by training unemployed with marketable skills to find new jobs as tax payers to boost revenue in the years to come. "Keys for Economic Understanding" is published with that specific purpose to raise revenue for the US government. www.Amazon.com for reference.

Class Distinctions as "Lingonomics"published by Reader's Digest,July 2009 on page 27:

A mathematician got an earful from his wife after wandering home at 3 a.m. "You are late!" she yelled. "You said you'd be home by 11.45!"

"Actually," the mathematician replied coolly, "I said I'd be home by a quarter of 12."

The linguist's husband caught his wife in the arms of another man. "Susan," he said,"I'm surprised!"

"No, I'm surprised," she corrected him. "You're astonished."

Comment: Perhaps "perturbed or shocked" if the husband deserves to be a practising husband.(sic)

Francis Shieh a.k.a. Xie Shihao,a lifelong student to study American English and American Culture of Humor to share with readers of Sino-American Economics of LOVE.

Friday,June 26, 2009 at 10.06 a.m.