and the way that Washington works, who knows where the cuts will be coming from
o SS and medicare/medicaid .. unlike any times previous , a huge chunk of the electorate is in these groups, and it is growing ... tough for any pol to want to support cuts here
o military .. strong as ever , thanks to Bush and the reps, also constant fears of terrorism ... unlikely to see many cuts here .. probably most will be in reduced jets and ships , big ticket stuff
o various subsidies .. most likely , which ones ? who knows ??
o possible solutions ... for the US to better manage tariff policies .. gen some income here .... cut subsidies to well capitalized concerns , like oil and start increasing lease rates .. let'em drill wherever the oil is , ANWAR and such , but charge them !!!!!
o sell more spectrum to the telecoms
the govt can bring in loads of revenue to mitigate the spending cuts , but the DC bottlenecks are a real drag on putting in real fixes to these messes ...
there are viable solutions out there , but until some get real traction and until the US job market improves .. we are going to ether stagnate, or just bob up and down in ranges ......
good reason to hold some good div stocks for the long term ...
Good point. I am hoping that congress will continue to see the importance of communication to the financial wellbeing and growth of rural communities. If rural, areas do not have broad ban, they have little chance of attracting or keeping many small businesses.