How Do We Reduce the Deficit?
Last week, I read a fascinating post on the blog of one of my favorite pundits, Mike Shedlock, better known to his audience as "Mish." In his post, Mish analyzed my friend and fellow market pundit John Mauldin’s recent article on how to solve the nation’s fiscal mess.
John offers some insightful solutions to our budgetary quandary, and some of them could certainly be considered extreme. Mish takes on each of John’s suggestions, and he goes even further in his recommendations on how to get our nation’s fiscal house in order.
Interestingly, both John and Mish think our military budget and our foreign entanglements eventually will break us. Both also offer up the radical suggestion that we should drastically slash military budgets; Mish even says up to 70%!
If you want to see two no-nonsense market mavens take on the issue of our fiscal fiasco the way we wish our politicians would, then I strongly urge you to read Mish’s blog piece by clicking here.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
