News. By a 61-to-39 vote, the Senate passed a bill that would send the states $16.1 billion for Medicaid, the healthcare program for the poor, and $10 billion to prevent teacher layoffs. States could face total budget gaps this year of $120 billion.
My view. First they gave more than we could afford. Now we print money to cover past mistakes. Or, are they simply buying votes?
What happened to responsible government? I guess it is a sign I am getting too old. I finally see things that have always been in front of me. This is what happens in a democracy. It always did.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
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