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"You could've heard a pin drop."
many of us face (throwing in a base rate of 32 or 33 percent of gross pay, employer matches, sales tax, property tax, gas tax etc., he arrives at more than 50 percent of gross wages).
And that's why you could've heard a pin drop during Boyle's presentation. It's a tale fitting for a late October evening, scary stuff worthy of being told by Washington Irving in front of the dying embers of a flickering hearth.
Boyle masterfully illustrated just how bad. Bad enough to where if you put it on a human level, most of Converse All Star Ox Black Monochrome
Boyle offers some intriguing answers. I particularly enjoyed his sharing some measures floated by Warren Buffett last year, such as passing a federal law mandating that whenever the deficit is more than 3 percent of GDP, no sitting member of Congress will be eligible for election; that members of Congress participate in Social Security and Medicare, and if they want to provide for additional retirement they can go out and get a 401(k) like the rest of us.
We all know the nation's fiscal house is in bad shape.
We're on an unsustainable path that was completely predictable and predicted by many. But Converse Rose here we are; how do we dig ourselves out?
The take from Virgil Smith was simple:
Solutions out of this mess will involve finesse, a point reflected by a Congressional Budget Office analysis of the "fiscal cliff'' situation. If we do nothing and push the economy off the cliff, the CBO says unemployment will rise and growth will contract 0.5 percent. Fully removing the cliff (holding off on defense cuts, keeping tax cuts in place) will bring growth of 2.4 percent and add an extra half trillion to the national debt next year.
He details the dire fiscal situation facing many local governments and states; he tallies up the actual unfunded liabilities facing the nation, a dollar amount I feel compelled not to share, as this is a family newspaper.
get nation's fiscal house in order
us might compare it to having a hangnail; imagine our surprise when we look down to see we are, in fact, missing an arm. (A version should soon be available soon on YouTube). found itself in after the end of World War II, when our economy stood astride the world and the wrongheadedness of designing public policies built on the assumption that situation would last forever. He detailed the true level of taxation Womens Converse All Star Ox Vi Glitter Trainers
There's nothing more powerful Womens White Leather Converse Office
than an idea, and Boyle offered many good ones. Smith said he gave an "excellent presentation that will gain traction as the report is given the light of day via social media and media outlets."
Public service at the federal level has become too much like being a pampered member of royalty, and the bursting of that bubble is long overdue.
Rock, meet hard place.
The presenter was John Boyle. No, not the cantankerous AC T columnist, but the John Boyle who gained fame working for one of Ford Motor Co.'s "Whiz Kids," the John Boyle who has gained prestige and fame by establishing himself in public and private realms as a person with an encyclopedic knowledge of government economics from the local to federal levels.
Smith, former publisher of the Citizen Times, was discussing how a crowd of more than 30 concerned citizens who gathered in a meeting coordinated by Asheville's Rick Bagley in late October at J Cafeteria reacted to an assessment of the federal budget situation.
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