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Voices: Tim Pagliara, on Discussing U.S. Economic Policy with Clients

Wall Street Journal

July 16, 2014

 

We’re at a critical juncture as a country when it comes to federal budgetary and debt issues. We’ve never had more Federal Reserve intervention in response to a financial crisis, yet we’re still in the weakest recession recovery we’ve ever had. We’ve reached a point where the Fed has done everything thing they can. 

As advisers we are uniquely qualified to join the discussions that are taking place in Washington over issues like debt, housing, and Social Security. What’s more, we can lend our knowledge and expertise to help find solutions to these problems. There are very clear parallels, in terms of principles and behavior, between those personal budgets that we deal with and the U.S. budget. Those of us who have been practicing for years, have been dealing with budgets our entire lives; we understand the implications of long-term, unsustainable debt practices.

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