Happy Birthday!!

Yuletide Greetings!!

<3 Thank you!

Merry Christmas to you and TFOG. Have a relaxing break from work and enjoy the lovely company. I look forward to catching up with you in next year (although I do't know when that may be).

I think the issue I'm addressing is that they are dressing it up with hope and framing it with the potential good times instead of focusing on the changes we need to make right now.

I understand that distracting us with a hopeful future sounds like a nice idea, but there are a lot of people out there complaining that things aren't changing, when they haven't figured out that the hard work has to come first; I think being nice and morbid would get the point across.

I don't think we have a debt crisis akin to others in the eurozone but we do have a high debt-to-GDP ratio, and it is something we as a country are worrying about. We're not comparing ourselves to others at this point, we're addressing our own concerns internally.

Hihi,

Hmm. Truthfully, when I wrote my blog I hadn't considered that there would be flaws in his policy. If he was trying to reduce the debt, then I assumed that was the thing to do. After all, isn't he surrounded by some of the best economic minds in the country? Our debt is set to exceed 100% of GDP, which is unhealthy and worthy of concern, though not, as you say, a crisis. What we're not factoring in are the political pressures on him. I wonder if he is looking to reduce our debt because that will show tangible results sooner than expansionary policy, i.e. just in time for elections?

I'd say you sound right. Reducing unemployment seems more pressing that reducing our spending. I wonder why he's doing that then?

(I am gleefully enjoying a good discussion)