2011 — the year of Catch 22

posted by
January 3, 2011
Nolan Chart
by Jim Quinn  
Posted in Commentary

"The United States and its leaders are stuck in their own Catch 22. They need the economy to improve in order to generate jobs, but the economy can only improve if people have jobs. They need the economy to recover in order to improve our deficit situation, but if the economy really recovers long term interest rates will increase, further depressing the housing market and increasing the interest expense burden for the US, therefore increasing the deficit." (01/02/11)

http://www.nolanchart.com/article8233.html  
  • We will learn to do more with less just as earlier generations of American did. I believe we still have the right stuff and no other society was founded on such a serviceable set of principles.

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