Some interesting articles on cutting the budget deficit

I have a feeling these suggestions won't go very far....especially the gas tax. If it isn't the people against some of the cuts, it will definitely be the federal employees against a wage freeze. I think the Congress will also be against their pet earmarks. In my opinion, I think the federal employees could and should allow a wage freeze. The rest of America had to swallow it, why shouldn't they? As for earmarks, I think only the frivolous ones, like the ones stu ...

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. ...

I find this hilarious (for want of a better word). It was a twitter that flashed by and I was curious so went to the site. The whole article is in PDF here: http://taxprof.typepad.com/files/tax-notes-today_-2010-tnt-1...pdf Deficit Reduction Commission Seeks Increase in its Budget Eric Kroh, Fiscal Commission Bemoans Lack of Resources, 2010 TNT 106-2 (June 3, 2010): Saddled with a tight deadline and great expectations, members of President Obama's deficit reducti ...

Sharp kid. See link. ...

I read two good articles this morning and am posting a little of each here with links to read the whole article if you chose to do so. TEMERITY AT THE TOP by David Brooks I guess we’re all supposed to be talking about how to build the middle class these days and look askance at the top 1 percent. But would you mind if I interrupted this cultural moment to point out that capitalism is an inherently elitist enterprise? Prosperity is often driven by small enclaves of extraordina ...

Thursday March 25, 2010 "Something Fishy About the Threats Against Democrats: I do not condone violence by anyone. However why is it that the media has decided to immediately adhere to the Democrat talking points about this sudden surge of "violence?"The media ignored the SEIU beating up a black conservative man in St. Louis. It has been the left on a number of occasions went beyond accusations and actually initiated the violence. Remember when a member of MovOndotOrg bit a mans finger off?&nb ...

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 ...

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 ...

"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? ...

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 ...

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 ...

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 ...

Federal Reserve Chairman Ben S. Bernanke warned Wednesday that Americans may have to accept higher taxes or changes in cherished entitlements such as Medicare and Social Security if the nation is to avoid staggering budget deficits that threaten to choke off economic growth. "These choices are difficult, and it always seems easier to put them off -- until the day they cannot be put off anymore," Bernanke said in a speech. "But unless we as a nation demonstrate a strong commitment to fiscal re ...

or Republican office holders that state they are voting for HRC and then there are also the polls that show HRC way ahead. If they do replace him, who do you think they will replace him with? ...

Most of them aren't very favorable. ...

http://www.cnn.com/2009/POLITICS/10/21/health.care.cbo/index.html ...

On the left side is also more statistics on unemployment real and reported, births, etc. Near the bottom is corporate assets, small business assets, personal assets. There's also a lot more. Check it out. The moving numbers may get ya dizzy, though. http://www.usdebtclock.org/ ...

Some interesting articles on cutting the budget deficit

Good articles. Really illustrates the difference in... - sam

What I don't understand is why the Democrats insist... - sam

Smart economists agree that short-term stimulus - and long-term budget cuts.

Similar Messages: