"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Reuters: "Washington becomes the biggest risk to the U.S. economy"
Submitted by Glen Allport on Thu, 2013-10-17 17:04
A Reuters article asserts that economists and business executives now view the US government as the biggest risk to the US economy. I'd say this understanding is about a hundred years too late, considering what the year 1913 brought us, but better late than never.
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While it's good to hear they recognize the US government creates uncertainty that harms the economy, the news isn't all positive. One economist seems to lament that construction firms have "seen federal work plummet over the last several years" and the tone of the article implies that many economists and business leaders would like to see the government running smoothly ... a scary thought.