I assume President Obama is going to spend at least some time in his state of the union speech talking about the budget deficit, and maybe even the notion of balancing the budget. It was something that was done before, long ago, in the Clinton administration. Today, polling results indicate that most Americans want Congress to balance the budget without tax increases, i.e., with spending cuts, except most Americans do not want to see significant cuts to Social Security and Medicare. However, it just might be that this proposed combination – a balanced budget with no tax increases and no cuts to Social Security or Medicare may be impossible.
Don’t believe me?
Try this budget balancing puzzle put out by the New York Times that puts you (the puzzle doer) in the position of balancing the budget now and over the long-term. Let me know how you do. I got my budget to balance in the long run without raising taxes by significantly reducing the size of the military and making a lot of long-term cuts to Medicare, among other things.
I’d be interest to know if you were able to do it and if so, how.
I found this interesting presentation (above) on Fred Wilson’s blog. It’s essentially a list of things to watch in 2011, and it’s pretty interesting, particularly because it is not all technology and it stays away from most of the larger geo-political and economic issues.
A couple of things worth noting:
- The discussion on “Smart Infrastructure.”
- Mobile Money (which will be a major force for change in healthcare sometime in the future).
- Digital Interventions (like substance abuse interventions!)
- Entrepreneurial Journalism (hmm…)
- Group Manipulated Pricing (perhaps a future healthcare application – like the old Dutch auctions that were done to price new securities)
- A lot of “nutritional” fads, in this case Matcha
- The Advent of the Older Workforce (retirement ages must go up for our economy to survive)
There’s more, but these are the ones that had an immediate interest to me. Check it out. I think you will find it thought provoking.
“Hello world!” a default “wordpress” title which I accept as a welcoming to all first timers. It is 5-Feb-2010 and I am staring directly into infinity, an empty blog.
This is the new home base of my evolving digital existence, my second realm. What I have to offer here are ideas and perspectives on subjects near and dear to me. What I am in search of is comment and intrigue that will give those subjects added meaning to me and to all who choose to come here. I hope to create a place for learning, teaching and deepening relationships.
My professional time is spent thinking about healthcare, helping entrepreneurs build businesses and managing a portfolio of venture-stage healthcare investments with my business partners (check on us at www.Psilos.com). New ideas on all three of these subjects are constantly being tested. I have many, which will eventually make there way onto these pages. I also come across many new ideas which I intend to share, with full attribution of course.
The process of building a great business changes constantly. Ideas on how to finance, govern, market, hire, communicate, motivate, lead and evolve new enterprises interest me greatly, particularly in the context of our nascent digital age. I also know that for every investor out there, there is an investment model. As a professional investor I am always on the hunt for new perspectives on choosing and managing investments and building portfolios, and I hope to introduce these perspectives over time.
My life is definitely not all about work, but I do think it is all about digging deeper and pursuing aficionado status in as much as I can handle. So while I have you here, I hope to explore some of the subjects that inform my free time, hopefully not just as an indulgence, but also as a way of going a little deeper and having a little more fun.
Thanks for joining me, and I look forward to the discussion.