Interview With Van Hoisington - Barrons.com
Having laid out the issues, one can't help but ponder that Obama and the Democrats don't have a clue that they need to make cuts in their handouts; nor do they have a clue that excellence needs to be rewarded and mediocrity and under-performance not given support that drains the economy.
Ron Paul's appeal, which is reportedly particularly high among young people, would seem to bear the concern of the young out - they want jobs and feel able to bear the responsibility of working and earning - as long as they get to keep a fair share of what they earn.
Those public unions and the UAW that thought their golden retirement plans at age 50 ought to be very concerned.
On the Republican side, their moral baggage from the religious right doesn't allow them to really deal fairly with immigration or the drug problem.
If this was a family budget, there are families who know how to cut and those that don't.
My experience is that the sooner you cut and the heavier the cutbacks the better. You can always add back!
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