Hi there,
Welcome to the weekend! Here's our Saturday morning recap of last week's events:
1) Washington's collective sequester freak out. With the sequester deadline approaching, Washington wasted no time with scare tactics. Calling the potential cuts "draconian" and warning of their impact on job creation and medical research, Congress and the White House were met with skepticism from both the public and major media outlets.
2) The Last Ditch Effort. With just hours left before the deadline, Washington politicians decided it might be a good idea to finally meet and look for a solution. Hopes were not high. President Obama's midday address looked to shift blame for the "unnecessary" cuts and pushed for increased taxes - despite a lack of public support.
3) The End of the World. The sequester happened anyway; national collapse began immediately. No? Well, it turns out the 'disastrous' impact of sequester cuts may have been exaggerated.
4) After decades of decline, Detroit will get a state-appointed emergency manager. With runaway deficits and
no indication that elected city officials can solve their problem on
their own, Michigan Gov. Rick Snyder will ask the new manager to tackle
a $327 million budget deficit and over $14 billion in long-term debt.
Watching Detroit and other municipalities across the country falter
under their crushing debt, one wonders if Detroit's present isn't
America's future?
5) The NFL Scouting Combine. Here's
the story we actually wanted to talk about last week. Latest buzz puts
Geno Smith as the top QB pick, but the #2 spot is still up in the air for fans who are looking for a good debate.
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WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA
Saturday, March 2, 2013
Hardhat Time!; BankruptingAmerica: Weekly Recap: The Sky is Falling
Labels:
BankruptingAmerica
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