If I owe Smith ten dollars and God forgives me that doesn't pay Smith.
The risk presented by these lethal wastes is like no other risk and we should not be expected to accept it or to project it into the future in order for manufacturers and utilities to make a dollar killing now.
The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime.
President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade with two and a half dollars of spending reductions for every one dollar of revenue increases and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.
If GE's strategy of investment in China is wrong it represents a loss of a billion dollars perhaps a couple of billion dollars. If it is right it is the future of this company for the next century.
I'm kidding about having only a few dollars. I might have a few dollars more.
We believe it wrong ever to take a dollar from a free citizen without a very necessary public purpose because each such taking diminishes the freedom to spend that dollar as its owner would prefer.
We're adults. We're the ones who should teach the kids what's good to eat. I don't think the government should ever regulate what we eat at home but we're feeding them in school with tax dollars. Quite frankly if my tax dollars are being spent to feed kids I'd rather feed them better food.
But because we in the United States finance our current account deficit by borrowing in our own currency we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
In 1973 women got 59 cents on the dollar now we are getting 74 cents on the dollar. In the area of finance and business we are at 68 cents on the dollar.