The Annual Deficit for the Budget Year about to close will again exceed $ 1 Billion. While this should not come as a Surprise, it should nonetheless be jolting, especially in View of the Fact that Congress, consisting of a Group of highly paid Individuals, has chosen to be in Session for 4 Days in August, 8 Days in September and (according to the Schedule), 0 Days in October.
http://www.nytimes.com/2012/09/26/us/politics/obama-faces-test-as-deficit-stays-above-1-trillion.html?nl=todaysheadlines&emc=edit_th_20120926&moc.semityn.www
(Click the Link above in ,,The New York Times'' for more Details)
Regardless of who the Victor will be and Mr. Romney's Chances of being the Victor appear to be diminishing, a bit too rapidly, many of them due to his own doing, the Issue has thusly been punted to beyond the Election Day in November (Comments by Mr. Romney wondering why Airplane Windows cannot be opened can be, at a certain Level, even more damaging than Comments about the ,,47%.'').
What is going to happen after Election Day? Likely, a Period of bitter and divisive Discord will ensue and, of course, none of it would be helpful or constructive.
However, one Fear worth considering may be, what Mr. Bernanke might do, in View of a deteriorating Situation.
It is not unlikely that Mr. Bernanke may come up again with some ill conceived Theory about what he wants to do about ,,fixing the Economy.'' It is arguable that if Mr. Bernanke were to be sent back to Princeton he would do less Damage from there but that poses an interesting Question: had he been alive, would President Woodrow W. Wilson have rehired him?
President Woodrow W. Wilson
http://www.nytimes.com/2012/09/26/us/politics/obama-faces-test-as-deficit-stays-above-1-trillion.html?nl=todaysheadlines&emc=edit_th_20120926&moc.semityn.www
(Click the Link above in ,,The New York Times'' for more Details)
Regardless of who the Victor will be and Mr. Romney's Chances of being the Victor appear to be diminishing, a bit too rapidly, many of them due to his own doing, the Issue has thusly been punted to beyond the Election Day in November (Comments by Mr. Romney wondering why Airplane Windows cannot be opened can be, at a certain Level, even more damaging than Comments about the ,,47%.'').
What is going to happen after Election Day? Likely, a Period of bitter and divisive Discord will ensue and, of course, none of it would be helpful or constructive.
However, one Fear worth considering may be, what Mr. Bernanke might do, in View of a deteriorating Situation.
It is not unlikely that Mr. Bernanke may come up again with some ill conceived Theory about what he wants to do about ,,fixing the Economy.'' It is arguable that if Mr. Bernanke were to be sent back to Princeton he would do less Damage from there but that poses an interesting Question: had he been alive, would President Woodrow W. Wilson have rehired him?
Ben Bernanke, Chairman of the Federal Reserve
and former Professor of Economics at Princeton University
President Woodrow W. Wilson
28th President of the United States
President of Princeton University (1902-1910)
