If we use terms such as “the new normal” for the economy, what was the old normal? Was there even a “normal,” or were things always turbulent or spiraling out of control?
Believe it or not, the federal budget used to have a “normal.” It was not spiraling out of control. It was not very turbulent. Life was good…it really was.
Check out these very revealing fiscal charts.
Treasury Secretary Timothy Geithner admits the administration doesn’t have a plan, but they don’t like the Republicans. Watch the video.