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Thursday, February 25, 2010
Monday, February 1, 2010
The edge of a cliff
http://www.nytimes.com/interactive/2010/02/02/us/politics/20100201-budget-porcupine-graphic.html
I find it interesting (amusing) that almost 80% of the 10 year projections since 1980 indicate a surplus by the last year. Doesn't seem to be a wise political move to forecast a budget surplus, yet seems to be an easy financial move to spend into a deficit.
We talk about "clawbacks" with bonuses and incentives tied to long-term performance for CEO's and others - where is that accountability with our political leaders?
I find it interesting (amusing) that almost 80% of the 10 year projections since 1980 indicate a surplus by the last year. Doesn't seem to be a wise political move to forecast a budget surplus, yet seems to be an easy financial move to spend into a deficit.
We talk about "clawbacks" with bonuses and incentives tied to long-term performance for CEO's and others - where is that accountability with our political leaders?
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