There is little doubt Americans are feeling anxious and uncertain about the U.S. economy. According to a CBS poll, 83% of Americans think the economy is in “bad” shape; 37% even say it’s in permanent decline. Economists are uneasy as well. As we pointed out last week, GDP growth for the second quarter of 2010 was just revised down to a dismal 1.6%.
Yesterday we noted Sen. Mike Bennet’s (D-CO) comments Saturday regarding government overspending. Today, The New York Times highlights Rep. Earl Blumenauer’s (D-OR) thoughts on federal spending. According to the paper Rep. Blumenauer believes lawmakers “need to bring the costs of [federal government] programs in line with reality.”