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Tag Archives: deficit
U.S. Debt as a Household Budget
Worth repeating: Debt ceiling debate in a nutshell … or two * US Tax Revenue. $2,170,000,000,000 Federal Budget. $3,820,000,000,000 Deficit. $1,650,000,000,000 National Debt. $14,271,000,000,000 Recent budget cuts. $38,500,000,000 Now, let’s remove 8 zeroes from the above, and use it as … Continue reading
S&P Downgrade of US Debt
To add to what WizardPC said last week. They said if we didn’t pass the stimulus, unemployment would go above 8%. We passed the stimulus. Unemployment is above 9%. They said if we didn’t raise the debt ceiling, the stock … Continue reading
More Evidence There’s No Multiplier for Government Spending
The Market Ticker – The Strategy That Has NEVER Worked What is this chart? Why, the history of our idiocy. It’s quite simple; this is the multiple that each dollar of debt (anywhere in the economy) has returned in GDP looked … Continue reading
Mister, we could use a man like that Ross Perot again
Reason – Did We Say $38 Billion in Cuts? How Does $14 Billion Sound? So instead of the puny 2% Republican cuts or the puny 1% Democrat cuts, we’re getting accounting gimmicks and 1/3%. The last time we had a … Continue reading
Jack Daniels Explains The Deficit
The proposed deficit cuts explained with whiskey and shot glasses:
Your Daily Economic Nut Punch: the Deficit
Reason – The President’s Brain is Missing! (When it Comes to the Budget) President Barack Obama’s 2012 budget proposes to spend $3.48 trillion on everything except interest on the national debt. That’s a 7 percent increase over what the government … Continue reading
Day after MA special election: Democrats propose $1.9 trillion debt increase
Ass. Press – Democrats propose $1.9T increase in debt limit: WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt … Continue reading
10 year deficit raised $2 trillion
Zero Hedge – Long-Term Budget Deficit Revised, Now $2 Trillion Dollars Worse: White House budget review set for release Aug. 25 will show cumulative deficits over the next decade amounting to $9 trillion, up from $7.1 trillion that the administration … Continue reading
California’s farce continues towards its final act
Courthouse News – California won’t accept its own IOUs for payment: SAN FRANCISCO (CN) – Small businesses that received $682 million in IOUs from the state say California expects them to pay taxes on the worthless scraps of paper, but … Continue reading
Deficits climbing
$188 billion in deficits in July alone. Geithner asks Congress to raise deficit ceiling as 12.1 trillion dollar limit approaches.
Veterans angry about Obama’s insurance proposal (UPDATED)
Obama wants private insurance companies to cover service-related injuries for military veterans. The American Legion is strongly opposed to the plan: Commander Rehbein reiterated points made last week in testimony to both House and Senate Veterans’ Affairs Committees. It was … Continue reading
Weren’t you guys the fiscally responsible ones back when?
We need a new Ross Perot to convince voters that enormous government deficits are a bad thing and not just when the other party is in power. Hat tip to tgirsch.
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