August 1, 2011

The debate on the debt ceiling has shown the true colors of the elected branches. Throughout the debate, the economy is structurally flawed without attention. The GDP revised in the first quarter is reflective of a recession – not by definition but by reality. The debate with shift to jobs because that will be one of the most important election issues. The President, Senate, and the House are one dimensional and can’t focus on major issues simultaneous because it is not in their best interest.

Don’t expect the economy to turn around anytime soon. How can the economy improve soon when the GDP is trending south and the housing industry is still in a spiral down cycle?

Plan for the worst and pray for the best.

If you haven’t revisited your spending and revenue streams, you should! But don’t use the US Government as an example of how to run a business!

Source: Bipartisan Policy Center

August 3 – 31 Estimated Revenue                   $172.4 billion

Estimated Expenses                                        $306.7 billion

About 1/3 of the expenses are in Medicare, Medicaid, and Social Security.

Would you vote for the brokered deal currently on the table in DC?