Our Economy Needs a Stronger Private Sector

October 13, 2010 at 6:14 am Leave a comment

Late last week the Congressional Budget Office (CBO) released its preliminary budget tallies for fiscal year 2010, and the news is that the U.S. government had another fabulous year—in spending your money. Spending rolled in for the year that ended September 30 at $3.45 trillion, second only to 2009’s $3.52 trillion in the record books. But don’t think this means Washington was relatively less spendthrift. CBO reports that the modest overall spending decline results from three one-time events. Somehow we must effect a shift from government spending to private sector investment and job creation if our wobbly economy is to gain “real’ steam. Read the story here.

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