For Americans approaching adulthood at the beginning of the 1940s there were two defining events that would impact the rest of their lives, the Great Depression and World War II – the latter, of course, recalled as the last “good” global conflict, if that is not a contradiction in terms.
Federal Reserve Board Chairman Alan Greenspan, Washington’s leading economic guru, was on Capitol Hill this week to warn Congress that rising budget deficits will cause the economy “to stagnate or worse.”
The problem is that John Bolton, one of the brightest stars in Bush’s firmament of neoconservative thinkers, makes George Steinbrenner seem laid back. Bolton, say some former co-workers, can be a loud mouth, in-your-face jerk, not that we haven’t seen that before in high-level government jobs.
Federal Reserve Chairman Alan Greenspan told Congress on Thursday that he expects higher taxes as part of a bipartisan agreement to bring the federal deficit under control.
A cornucopia of big-bucks transportation projects is coming to – of all places – the north woods of Minnesota thanks to one influential congressman.