Sifting through the projected balance sheet of our government and despite what is being said on TV, the numbers show a doubling of the spend of the Federal government. This will incur higher debt to GDP ratios than ever before in US history and higher taxes. Deficit is projected to be 1.5 Trillion this year and stays over a TRILLION until 2012. This also ASSUMES that our economy will have GROWN from 14.2 trillion in 2008 to 16.4 trillion in 2012. So much for all that 24 month recession/depression talk from the FED. Oh and PS… 2009 the government says will be a GROWTH year from 14.222 trillion to 14.240 trillion. Granted very small growth, but I thought we were in ‘dire’ times that we ‘haven’t seen since the depression.’
Therefore the reality-enomics of this is that the deficit will be much worse that projected and the tax bill that they are projecting to pay for this doubling of the government will be much higher. Gold is starting to look cheap at 1,000 dollars.
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theffernan4
Tim Heffernan has experience leading and advising Fortune 500s through all phases of market development, business development, research, government relations, public relations, crisis, branding and internal communications. Tim has advised government, corporate affairs, marcoms and market development executives in the areas of healthcare, financial services, retail, entertainment, supply chain, consumer behavior, environment, technology, and enterprise policy.
Prior to Aperio Consulting, Tim was vice president of Government Relations and Emerging Business Opportunities for NCR Corporation. He was responsible for policy-driven growth initiatives that drove innovation, revenue and aided in reducing NCR's cost structure. He sat on NCR’s Innovation Council where his team incubated approved council ideas and holds two patent-pending technologies. In addition, Tim managed corporate and marketing communications for the company, including external media relations, executive communications, events, multimedia, graphics and digital services, community relations and thought leadership activities.
Prior to joining NCR, Tim headed Motorola’s Enterprise Mobility Division’s (formerly Symbol Technologies) Government Relations, Public Policy and Affairs. Prior to working at Motorola, Tim worked for communication firm KCSA, and began his career at Weber/Shandwick (formerly Shandwick.) He also held public relations/marketing research positions at Nexgenix and the NPD Group.
Heffernan holds a Bachelor of Arts degree in political science from the University of Rhode Island. He has been rewarded with both challenge coins from the Department of Defense and a token of appreciation from The White House. He lives in Brickell, FL.
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