Thursday, March 21, 2013

Bright Future?

Below is a copy of the cover of this week's Economist magazine:

I urge every to read the opening article of the special report, which can be found here.  Here are a few excerpts:

"The combination of dysfunctional politics and empty coffers, in turn, is preventing Congress from dealing with the economy’s other obvious shortcomings."
"However, the main reason for cheer is that beyond the Beltway no one is waiting for the federal government to fix the economy. At the regional and local level America is already reforming and innovating vigorously."
"So America’s competitive recovery is not as strong as it should be, and it will remain overshadowed by its shaky public finances. But it is real. What is unfolding around the country offers a template for reform at the national level. And for all the histrionic talk of cliffs, brinks and shutdowns, the politicians in Washington have not inflicted any crippling damage yet. Those who like to lecture smugly about America’s impending decline should take a closer look."

Let's hope the optimism is well-founded.