27 FEB 2011, Sunday

• Seems that the current budgetary wisdom is springing forth from the heartland vice the coasts!
• Wisconsin is a recent stand out with Governor Scott Walker and Budget Committee Chairman Paul Ryan of the US Congress.  The governors of Indiana, Ohio and New Jersey are leading in that same direction.  OK...small ha tip to Governor Cuomo of New York who seems to realize the mess...how he attacks it is yet to be determined.
• Thank God that reasoned thought yet exists somewhere in America!
• Let us hope that such rational ideas, such as fiduciary responsibility to the taxpayers, hasn't been completely discarded as an old idea.
• Even more, let us hope that it takes deep root and we actually confront our challenges before the bond markets force them upon us.