Comission Gives More Details on Cutting the Deficit

All these articles are quite long but are worth reading every word. Remember, nothing is written in stone. All can be tweaked. I found some of the ideas very good, and some 'not so good.' All in all, it's good that there's plenty of input happening and hopefully, our government will READ (if that's possible) them and debate/compromise on them. The first one is from the Brookings Institute which gives quite a few plans from various Senior Fellows: http://www.brookings.e ...

I have been out of work for some time now and have had to really cut back. I never bothered with the discount food stores in our area before, and never went into the Dollar Store for much of anything. I am finding out what a blessing these stores can be. I hope I can be of help to some of you. Yesterday I bought a 2 lbs. bag of fresh whole carrots at a store Called Aldi in my area and paid $0.59 for the bag. I used to pay $7.00 for mascara at a chain grocery store ...

From the Washington Post: "This is a special edition of Wonkbook for the New Year’s Eve “fiscal cliff” deal. Suzy Khimm’s summary of the fiscal cliff deal: — Tax rates will permanently rise to Clinton-era levels for families with income above $450,000 and individuals above $400,000. All income below the threshold will permanently be taxed at Bush-era rates. — The tax on capital gains and dividends will be permanently set at 20 perc ...

So the Pubs are all in a feeding frenzy over the thought that Biden agrees with them regarding not appointing a SC justice. In the context of Biden's 1992 speech, it was made before Congress left on recess in anticipation that there might be judges who would resign at the end of the term. He was simply stating that the process would resume after the recess in a HYPOTHETICAL (ie, what-if scenario) sense. He went on to say: In the same remarks, Biden ad ...

While I find it highly unfortunate that Texas has cut funding for family planning, it is a good opportunity to learn what the effects will be in the future. This article was pretty interesting, by the New England Journal of Medicine. http://www.nejm.org/doi/full/10.1056/NEJMp1207920?query=featured_home&&& "In addition, as more women are steered toward contraceptive pills, they are being provided with fewer pill packs per visit, a practice that has been shown to result in lowe ...

The 7 Most Horrifying Cost-Cutting Measures of All Time (note #5) http://www.cracked.com/article_18884_the-7-most-horrifying-cost-cutting-measures-all-time.html ...

Oklahoma Abortion Law: Details To Be Publicly Posted OnlineThe Huffington Post | Elyse Siegel First Posted: 10- 8-09 11:05 AM | Updated: 10- 8-09 03:28 PM A new Oklahoma law requires physicians to disclose detailed information on women's abortions to the State's Department Of Health, which will then post the collected data on a public website. The controversial measure comes into effect on November 1 and will cost $281,285 to implement, $256,285 each subsequent year to maintain. Oklaho ...

...after the election?? If this is true, who on earth would vote that blindly for a Romney administration? Please tell me this is not true, and where can I read all the features of the tax plan that Romney would like to institute? Thanks in advance! ...

Christopher Stevens' journal. The family did not want it released, but get this, "CNN felt it was newsworthy and the public needed to know." (paraphrasing). Gee, CNN, if you're that concerned about things we need to know, why don't you try reporting on Obama's relevant past, his many many failures as POTUS, why he got the Nobel prize when he hadn't done a damn thing, his relationships with Marxists and Communists, and all that good stuff. You' ...

"Using taxpayer dollars to finance family-planning services has become politically thorny in Texas, largely because of Republican lawmakers’ assertions that the women’s health clinics providing that care are affiliated with abortion providers. In the fiscal crunch of 2011, the Legislature cut the state’s family-planning budget by two-thirds, with some lawmakers claiming that they were defunding the “abortion industry.” Researchers at the University of Texas at ...

can anyone explain why the deficit/debt got so much worse while obama was president? ...

President Clinton alone gave enough numbers and specifics to provide quotes for almost any discussion that comes up. Obviously there was more than just his famous verbosity behind his hitting every single point of the GOP promises and every single point of the Dems' during his long speech. My big question is, when Governor Romney says he'll provide "lots of jobs," is he just keeping it and the rest of his plan simple for the unenquiring mind, or is he that determined not to reveal wha ...

Health-Law Repeal Would Deepen Deficit, CBO Estimates January 06, 2011, 10:33 AM EST By Anna Edney Jan. 6 (Bloomberg) -- Repealing the health-care overhaul law would deepen federal budget deficit by $145 billion from 2012 to 2019, the Congressional Budget Office estimates. Individual insurance premiums would be “somewhat lower” than under current law, while coverage obtained through large employers would be “slightly” higher under an overhaul repeal, the CBO, the ...

Last month, a bipartisan commission went down in flames in the Senate after 7 republicans who sponsored the bill voted against it. Now, Obama is putting together a bipartisan commission and the republicans are still complaining it's not good enough. Obama is telling them to come to the table and present their ideas. They are saying no. And then accusing him of not listening. The problem seems to be that the republicans expect Obama to follow their platform (tax breaks for big busines ...

From Robert Reich-Christian Science Monitor The economics are clear: First, the top 1 percent spends a much smaller proportion of their income than everyone else, so there’s very little economic stimulus at these lofty heights. On the other hand, giving the top 1 percent a two-year extension would cost the Treasury $130 billion over two years, thereby blowing a giant hole in efforts to get the deficit under control. Alternatively, $130 billion would be enough to rehire every teach ...

(The true suggestions will be coming out on Dec. 1.) U.S. Deficit Commission Recommends Changes to Social Security A draft proposal by the deficit commission suggests curbing Social Security benefits and raising the retirement ageto 68. It is currently 67 years for retirees to receive full benefits. The panel leaders also propose reducing the annual cost-of-living increases in Social Security. The increase to age 68 would be implemented by 2050 and then would increase again to 69 by 2075.&n ...

The first of the series this week. http://www.msnbc.msn.com/id/31510813/#37983994 ...

Here is a graph depicting baseline deficit as affected by the economic downturn with comparisons made between the percentages of projected impacts (2009 to 2019) of the wars in Iraq and Afghanistan, the Bush tax cuts, Obama's recovery measures, TARP, Fannie and Freddie. Can you guess which one has the broadest and most far reaching damaging impact? Fascinating stuff. http://www.cbpp.org/cms/index.cfm?fa=view&id=3036 ...

1. The deficit has grown mostly because of the recession. (The deficit has ballooned not because of specific spending measures, but because of the recession. The deficit more than doubled between 2008 and 2009 as the economy was in free fall and laid-off workers paid less in taxes and needed more benefits. The deficit then shrank in 2010 and 2011.) 2. The stimulus cost much less than Bush's wars and tax cuts. (Republicans frequently have blamed the $787 billio ...

As the government closes the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts have little confidence in either presidential candidate's plan to address the accumulating debt, now at about $16 trillion. The Republican nominee promises to balance the budget in eight years to 10 years, but he also offers a mix of budgetary contradictions: higher Pentagon spending, restoring cuts that Democrats made in Medicare ...

Was just talking with my friend tonight. I have known as she has also for years that her 1st grader was not 100% "right," something was off with him. Tonight she tells me someone is finally maybe listening to her about him. He is in his own little world. I do not think autism because of the fact he will halfway interact "sometimes," does not reject a hug or kiss and maybe I am wrong but I thought autistic children were like that. I could be wrong. His teacher is every day trying to tell the moth ...

https://www.youtube.com/watch?v=yBHj4a5pn_w Alex Jones' take on reopening the investigation of Hillary Clinton's emails. There is a civil war taking place inside the federal government from the highest to the lowest levels that will determine the future of this very republic. On Monday, thousands of new emails from Podesta were leaked by Wikileaks. Within that new data dump was absolute "smoking gun" proof that the White House was colluding with Hillary to cover up the ...

From London's The Guardian newspaper, "RBS to cut hundreds of UK jobs in move to India"; link to article posted below. ...

Guess it's back to the drawing board. It's true that a commission that began with only limited authority failed in its most significant goal, which was to win at least 14 votes among the 18 members. Fourteen votes were needed to send the package to Congress as an official recommendation and force a vote on the proposals. It's also true that prominent members of Congress on the committee took a walk on the commission report. That group included Rep. Paul Ryan (R-Wisc.), who will ...

The Congressional Budget Office has released its estimate for the fiscal year 2012, just ended on September 30 and the news is good. The federal deficit was just under $1.1 trillion, compared to just under $1.3 trillion at the end of fiscal year 2011, a reduction of $207 billion. As a percentage of the GDP, the 2012 deficit dropped to 7.0 per cent, down from 8.7 percent in 2011 and 9.0 percent in 2010. The actual deficit numbers will be released later this month by the Treasury DepartmentThe Sep ...

It starts with the figures released in 2009, when the deficit reached a record high of $1.4 trillion. Why is the column in red? Because, thanks to fiscal years, Obama inherited a deficit of nearly $1.3 trillion from Bush/Cheney the moment he took the oath of office. This year, however, according to the official data published by the Treasury Department, the deficit is 1.089 trillion. A big number, but going down--no thanks to those helpful Republicans in Congress. ...

A Progressive Deficit Reduction Plan Repeal all of the 2001 and 2003 Bush tax breaks for the top two percent. Repealing the 2001 and 2003 tax breaks for the top two percent would reduce the deficit by about $1 trillion over the next decade. After President Clinton increased taxes on the top two percent, the economy added over 22 million jobs. After President Bush reduced taxes for the rich, the economy lost over 600,000 private sector jobs. Create an emergency de ...

Court papers recently filed in London provide new details about the media outreach campaign carried out by opposition research firm Fusion GPS and former British spy Christopher Steele. Fusion GPS and Steele, who runs the London-based firm, Orbis Business Intelligence, collaborated to produce a 35-page dossier of research about President Trump’s financial and political ties to Russia. Steele and Orbis are currently being sued in the U.S. and U.K. by Aleksej Gubarev, a Russian tech execut ...

Comission Gives More Details on Cutting the Deficit

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