Cross-posted from my burgeoning business: SocialSustenance.org. Image by net_efekt
Why would we trust in the "fundamentals" of the old economy? Filled with gimmicks like unfunded mandates, employer-paid health care, and tax breaks for corporate offshoring, why should we believe that a familiar budget will be the solution to these problems? When jobs are being lost, smart loans turned down, and families choosing between heat and gasoline, isn't it time to acknowledge that the old economy of gimmicks isn't working?
The new federal budget brings forward some bold ideas for improving the transparency of the market, but some criticize it as being anti-capitalism and spending too much. Obama says his budget accounts for things that were being left off the books by the Bush administration, and isn't one of government's roles is to make sure the free market's invisible hand can make decisions with access to all of the data? After all, without transparent accounting, creating long-term economic prosperity just isn't possible.Read more of this post.
