Michael Franc
Michael Franc
actual answers demand increase offer quick supply
What they know is that the actual answers to increase supply or take down demand offer no quick fixes.
becomes debt grow higher increases large larger matter pay requires run short tax taxes trend
In the short run, you have to have higher taxes to pay for it. Or in the long run, you run up a larger debt and at some point, the debt becomes large enough that it requires tax increases to pay off the debt. No matter how you look at the trend lines, you can't grow your way out of it.
face
The conundrum they face is that they know better.
autonomy federal government relationship short sovereigns state states traded wound
You look at the relationship between 50 state sovereigns and the federal government, and the states always come out on the short end of the stick. They've consistently traded autonomy for cash, and they've consistently wound up with neither.
decisions egos needs points
He needs to be cognizant of congressional egos and their involvement in decisions going forward. He's got to make up 12-15 points to be effective. He can get there.
boomers fun middle moment next self struck tackle
Boomers always struck me as very self-centered and self-important, because there are so many of us. We're always in the middle of the next fun moment at some everlasting party, and we're not able to defer the gratification to tackle the long-term problems.
cuts domestic growth high hit percent round second sooner tax
This second round of tax cuts was probably the high point, domestically, of Bush's administration. No sooner were they put in place, then the GDP (gross domestic product) growth hit 4 percent and it's been there ever since.
anyone game guess looking state time
My guess is this is not a time when anyone is looking at a zero-sum game between one state or another.
aside surprised time
I would be surprised if there's not time set aside to tell that story.
becomes decisions difficult election tough
One of the assumptions is that it becomes increasingly difficult to get things done in an election year, especially things where tough decisions have to be made.
boxes cause crises existing federal government innovative occurs response test today within
Crises cause government to grow. The test today will be how much of the federal response occurs within the existing boxes or through innovative ways.
bad happen
Bad things that were going to happen have not happened,
attention year
There is a sense this year that anything is possible, that they have the rapt attention of the leadership.
concept define extent launch major natural ownership replace shift society state union
The extent to which he used the State of the Union to launch and define the 'ownership society' concept is important because if you take it to its natural extreme, the ownership society would essentially replace the 'Great Society. That's a major shift from where we've been.