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The Atlanta Fed's macroblog provides commentary on economic topics including monetary policy, macroeconomic developments, financial issues and Southeast regional trends.

Authors for macroblog are Dave Altig and other Atlanta Fed economists.


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February 06, 2007


Just A Thought

This, from John Irons, seems to sum up the general reaction to the President's 2008 budget proposal:

According to news.google.com, there are currently 306 stories on: “dead on arrival” bush budget

Am I the only one finding this sort of reaction increasingly wearisome?  I'm all for critical analysis -- I like to think that that is what macroblog is all about.  But maybe if we start insisting that the first thing out of the ever-moving mouths of pundits and lawmakers alike is about what is doable rather than what is not, we might actually some day make some progress.

As I said, just a thought.

February 6, 2007 in Federal Debt and Deficits, This, That, and the Other | Permalink

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Comments

While I agree with your sentiment, I do have one big bugaboo with the Presidential budget. Somehwere in the software that programs the numbers, a tax on futures trading always appears. It is party neutral, meaning both parties seem to include it.

It will move futures trading offshore, overnight. For those that don't think so, the average futures trader in Chicago would pay around 150K-200K a year. that is enough to put you out of business. Most large firms could pay 100K a day! Absolutely stupid.

Posted by: Jeff | February 06, 2007 at 10:40 PM

I have many hours involved thus far reading through this budget.

I haven't written it off yet.

Some of the analysis on program adjustments are pretty good, though the Borg Left and some of the Borg Right would disagree.

But they are only Borg, marching in lockstep.

Me. I read. Then decide. One helluva difference than what we have in play today in blogland and elsewhere.

Yeah, the country is going to hell with regard to reason and common sense.

Posted by: Movie Guy | February 09, 2007 at 09:39 AM

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