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Friday, June 03, 2011

Models

I spent almost 30 years in environmental affairs and remediation work for a corporation. Many times I railed at the money industry had to spend based on a model that some agency or consultant had constructed, many times without needed data and with questionable assumptions and inputs. Now, in retirement, I'm worried about this country's future given the fiscal mess we're in. So I was transported back in time when I read this article about models used to assess the impact of cuts in spending or increases in taxes. Deja vu all over again. I have no idea if the author of this article knows what she's talking about. But there's enough questions in there to make you wonder if anyone really understands what we can do and what the consequences will be when we do it. Go read it.

posted at: 14:38 | path: /general | permanent link



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