Fiscal Cheat Sheet: Uncertainty & Lack of Confidence

August 19, 2010

This week is “Fiscal Cheat Sheet” week at Bankrupting America. Each day, we’ll release a fact sheet that breaks down a core theme surrounding the urgent, but long-standing, problem of government overspending.

On Tuesday, we asked the question, “Is this Responsible Governing?”

Yesterday, we looked at key issues of Washington’s long-standing culture of Unsustainable Spending.

In today’s Uncertainty & Lack of Confidence, we’ll discuss how Americans’ fear of what Washington will do next is further impeding an economic recovery:

No Ability for Businesses to Plan
Families and Companies Afraid to Act

Click here for the Uncertainty & Lack of Confidence cheat sheet.

Looking ahead…

FRIDAY
Consequences (national):
Americans are becoming increasingly aware that Washington’s fiscal recklessness has consequences, and these consequences are growing exponentially worse with every day policymakers fail to get our nation’s fiscal house in order:

Higher Taxes, Higher Cost of Living
Dampened Economic Growth, Fewer Job Opportunities
Less Flexibility
Crushing Burden on Future Generations

And looking forward to next week…

MONDAY
Consequences (state):
National consequences paint just part of the picture of government overspending; state-level consequences are just as devastating – and often more personal. On Friday, we’ll receive yet another likely disappointing unemployment report. Bankrupting America will take a look at the report and the policies that have been the backdrop for the bleak jobs situation.

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3 Responses to Fiscal Cheat Sheet: Uncertainty & Lack of Confidence

  1. david says:

    I would love to see a break down of the law makers that voted to spend 2.4 million to educate chinese prostitutes on responsible drinking. WTH . Here is a novel idea how about each US citizen has the responsibility to be called up to serve (like jury duty) for 1 year only during their lifetime as a representative
    for their district. They get paid 100K they must get their old job back and can only travel home during the normal congressional vacation times. It would save the tax payer 35 million in legislature salaries and who knows how much in turtle tunnels. If you are 1 of the 500 select individuals in washington it appears that you get to
    do anything you want with everyone elses money since it does not affect you personally!!!!

  2. david says:

    I would love to see a break down of the law makers that voted to spend 2.4 million to educate chinese prostitutes on responsible drinking. WTH . Here is a novel idea how about each US citizen has the responsibility to be called up to serve (like jury duty) for 1 year only during their lifetime as a representative
    for their district. They get paid 100K they must get their old job back and can only travel home during the normal congressional vacation times. It would save the tax payer 35 million in legislature salaries and who knows how much in turtle tunnels. If you are 1 of the 500 select individuals in washington it appears that you get to
    do anything you want with everyone elses money since it does not affect you personally!!!!

  3. david says:

    I would love to see a break down of the law makers that voted to spend 2.4 million to educate chinese prostitutes on responsible drinking. WTH . Here is a novel idea how about each US citizen has the responsibility to be called up to serve (like jury duty) for 1 year only during their lifetime as a representative
    for their district. They get paid 100K they must get their old job back and can only travel home during the normal congressional vacation times. It would save the tax payer 35 million in legislature salaries and who knows how much in turtle tunnels. If you are 1 of the 500 select individuals in washington it appears that you get to
    do anything you want with everyone elses money since it does not affect you personally!!!!

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