Saturday, August 20, 2011

A Recipe for Economic Disaster

Frank Ryan

Leadership is about self-sacrifice, not personal gain. As Congress and the president debated the increase in the debt-ceiling limit, millions of Americans have been held hostage by threats to entitlement programs. Equally as terrorizing, entire industries have been paralyzed by the lack of direction and decision from the government relative to regulations from newly enacted laws. The unintended consequence of this foolhardy approach to governing sets the stage for economic disaster. When fear is combined with the regulatory uncertainty, the stage is set not just for a double-dip recession but, worse yet, a depression.

Fear is not hope! Getting the debt-ceiling increased is not the objective. The objective is to foster an atmosphere of hope, one of confidence, and one in which our citizens are comfortable to take risks by spending. Fear stops spending dead in its tracks…..

The reckless spending of the current and prior administrations is a disgrace and has put Americans in the grip of a relentless system that traps all of us in a quagmire so deep that many feel hopeless…..

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