Blog

The Milken Institute in Santa Monica conducted a snap poll of its senior colleagues for their opinion on what the most pressing post-election issues are for the administration and Congress:

Looking Forward

The fiscal cliff ranked highest in the opinions of the biggest issues facing the country, followed by how to jumpstart job creating demand while at the same time beginning to reign-in unsustainable budget deficits. 

Managing this feat is going to be increasingly difficult in an environment where the Euro zone is in recession and Asia is experiencing lower than trend growth rates.

Paradoxically, taking steps to correct the truly immense budget deficits will increase confidence even as it withdraws government money from the economy.

This in turn may encourage businesses, which are currently sitting on nearly $2 trillion in cash, to begin investing at a more normal pace, resulting in a more sustainable growth environment for the country and world economy.

Don Jones
VentureDeal