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Glass-Steagall Act

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The Next Ten Years – Part II


In the first part of this two-part article, I argued that the 2012 Election was a crucial crossroads for America. It would be the first election in the XXIst century in which the United States was neither exclusively focused on war nor dealing with a major global financial crisis. The Federal government would have sufficient freedom of […]


The Cost of Failure


In January 2008, the non-partisan Congressional Budget Office (CBO) presented an economic and fiscal outlook for the period 2008 to 2018. They projected that the Federal fiscal deficit in 2008 would be 1.5% of GDP, or -$220 billion. Moderate fiscal deficits (< 2% GDP) would continue through 2010, and then decline into a slight surplus as the […]


“Our obligations to our country never cease but with our lives.“

John Adams


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