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September Crisis : The Budget Curve

By       Message Eliot Gould     Permalink
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The month of September is one of a change of seasons--and by that I mean more than from summer to fall. On the national scene of Politics, the Presidency, and the Congress, fall has been of one and several Wall Street firms, and their sale and closure to new entities. Goldman Sachs of course is one shining example of a favored company and lucrative commissions in the sale of Governmental bonds and other instruments. Secretary Paulson before his term at Treasury chaired that firm. As their changed of structure and auditing has undergone, with similar preferred, I am highly suspicious of what is now regarded as a "bailout plan"-

   I am reminded that the "new "President in 1932 inherited a failed  Republican policy and measured a bank holiday, then a series of Reconstruction programs. As that fiscal crisis has challenged subsequent Administrations. So the economic challenge of today is no greater a measure. It is just one of progress, with failed Administration ready to leave office. As if it is a lasting grasp to "build equities in the Treasury, ala "privatized social security,"- the current proposals toward stability of the nation are filled with perks and immunities which cannot be if we are nation .

   Aside from the potential conflicts of interests, and assurances to those leaving office into "-the private sectors"- ( without retirement), there is an interweaving of several definitions. This oversimplification with staggering amounts as 700 bn are of such a scale that realities are lost, and indifferences of consequential policies which secure the nation's health, commerce and welfare become muddled.

   Much of it is the Federal Budget itself, and its dealing should be separated from that of "wall street"-. Either Presidential candidate will lead the country in another term, with new addresses of freedom, global policies and domestic initiatives. Presumably, neither hopes to inherit instruments which hinder those plans into execution. And if there is anything this has been learned by this Administration, it has failed in the execution of defense, American foreign policy and domestic capabilities. It has deluded itself with a doubling of a national debt while claiming the strive of balanced budget. It has repeated provided stealth to programs which it knows better in a convoluted spin of facts.

    The dealing with the nation's economy is no different. We are given the public pronouncements that if the "bailout"- is not given that "pay-checks will not be, businesses fold,"- and likely the sky will fall in the uncertainties of tomorrow. We should have better faith in America than that. Counting all the American blessings, and noting the numerous ills of history, (and even late modern American experiences of governmental closings, and financial fiascos), here is still a promise of tomorrow""if the new President can chose his own.

     Yet the Congress under urgency from the Administration considers binding the next President by prior restriction. An incremental approach to the Federal budget and the raising of the debt ceiling is far more judicious than locking the future capabilities to relieve failed policies.
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www.eliotgould.com
Eliot Gould , 52, is currently active in New Mexico's political scene. A native of Chicago,and active in Chicago politics,Gould studied the Presidency at Center for the Study of the Presidency, with extensive writings upon Lincoln and Wilson.

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