In response to:

The Coming Age of Austerity

kenneth416 Wrote: Nov 06, 2012 1:47 PM
dahni, you are right--it's time we got on with solving the problem. It is instructive to note that, even with a Republican-controlled House, we have continued to spend $1 T + per year more than we take in. And, lest we forget, the Constitution provides that the Congress MUST APPROPRIATE the money before the President (and his administration) can spend it. Unfortunately, Speaker Boehner and his Republican majority in the House simply lack the courage to make real cuts in government spending, and dare the President to veto them. Incidentally, Secretary Clinton recently said, as an excuse for the Libyan fiasco that she had 60,000 employees in the State Dept. Can anyone justify that?
"Are the good times really over for good?" asked Merle Haggard in his 1982 lament.

Then, the good times weren't over. In fact, they were coming back, with the Reagan recovery, the renewal of the American spirit and the end of a Cold War that had consumed so much of our lives.

Yet whoever wins today, it is hard to be sanguine about the future.

The demographic and economic realities do not permit it.

Consider. Between 1946 and 1964, 79 million babies were born -- the largest, best-educated and most successful generation in our history. Bill Clinton and George W. Bush, both born...

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