“This is No Way to Run a Government!” – Gates | The Fiscal Times

By JOSH BOAK

Nothing has stumped Gates [former Secretary of Defense and CIA director Bob Gates — who served eight of the last nine presidents], who oversaw the $700 billion military budget until last year, quite like the country’s current Congressional gridlock and the government’s ineffective efforts to stop runaway deficit spending.

“We’ve lost the ability to execute even the most basic functions of government,” he said.

via “This is No Way to Run a Government!” – Gates | The Fiscal Times.

Economist Editor: 2012 is going to be pretty sluggish

Economist Editor: 2012 is going to be pretty sluggish — with risk of “self-induced” stagnation

[gigya src=”http://d.yimg.com/nl/techticker/site/player.swf” width=”576″ height=”324″ quality=”high” wmode=”transparent” allowFullScreen=”true” flashVars=”browseCarouselUI=hide&repeat=true&vid=27114562&”]