A member of our ACT 3 board is a financial adviser. He recently provided an article to me about the federal deficit that is one of the finest, and most clearly balanced, articles that I have read. I am not a professional economist and do not always know what to make of our deficit problems. I know deficits are not good but I am prone to be influenced by the gloom and doom futurists too easily. I think this link provides a helpful and careful analysis that many of you will find useful. This article is available as a pdf download at this link.
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It looks like Edward Jones changed/removed the link…but I’m pretty sure this is the article here. Thanks to Google, I managed to get a copy downloaded and was able to store it for you.
John, if this isn’t the article, you can delete this comment I’ve posted. (I should also point out that neither I… See More, John, or ACT3 recommend any investment strategy whatsoever. We’re just pointing to an article that anyone else could have also gotten online through Google.)
I really appreciate this article. I am also too much affected by the doom and gloom folks. It’s good to hear some positives.
I find it extraordinary that a professional financial advisor can present such a one-sided analysis of the US Federal budget deficit.
Your board member implicates health care programmes as a key factor but does not refer at all to the government’s military spending commitments. Why is this?
The financial cost to the US for its (to my mind) misguided interventions in Iraq and Afghanistan has so far been $1 TRILLION!
How can any analysis of the budget deficit leave out this fact?