deficit question

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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/ ...

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. ...

Sen. Lieberman calls for Obama to be more involved in deficit negotiations By Alexander Bolton - 12/02/12 06:00 AM ET Sen. Joe Lieberman (Conn.), the independent Democrat who has played roles in past Senate compromises, says President Obama needs to get more involved in the fiscal cliff talks. Lieberman, who brought Republican senators on board with the 2009 economic stimulus package and a 2005 deal on judicial nominees, says it’s time for Obama to gather congressional leaders arou ...

By Sahil KapurFriday, January 15th, 2010 -- 9:17 am President Barack Obama's chief political strategist on Friday slammed his Bush administration counterpart Karl Rove for allegedly making up "his own facts" about Democrats. In an op-ed published in the Washington Post, David Axelrod accused Rove of hypocrisy and "shamelessness" for insinuating Sunday in a Post expose that Congressional Democrats "will run up more debt by October than Bush did in eight years." "[G]iven the shape in which ...

The facts of Pat Tillman's death were manipulated and Jessica Lynch was molded into a hero by the Dubya's message massagers. Now many question every bit of information coming from government. The damage done by dimbulb Dubya just keeps on reverberating. ...

I am making a blueberry pie to take to my stepfather tomorrow, and I thought it would like nice to use a cookie cutter in the shape of a bell and apply that piece of crust to the top of the pie. If I use a little bit of water to attach it, will it bake to the top crust securely? A lot of you sound like you are pretty handy in the kitchen! The lemon sponge pie I made for Thanksgiving was wonderful. Thanks to the person who suggested the allrecipes.com webs ...

I'm always facinated at some people who think all social problems and situations are so black and white.Abortion is here to stay, whether it's legal or not, just like it's always been an option when a woman finds herself facing the impossible situation of an unwanted pregnancy. Wishing it wasn't an option has never worked.However, when a discussion comes up about abortion, we women are strictly divided. Black and White in our opinions.This is a complicated issue. It doesn ...

Don't know if you remember my last posts awhile back about a stray cat we started feeding and took care, gave her shelter for the winter and she had kittens. We've taken the kittens in and adore them all. Now...here she is 3 or 4 months later, every once in awhile I'll get a glimpse of her nursing them. Vet told us milk has to be dried up before they can fix her. However, she is a stray and she has been going out walking around the neighborhood like she has ...

I have not found this yet and wonder if others have. People who are unemployed. No pension from a company, no nothing. What kind of health insurance will they get. My partner is unemployed. If this passes I will cover myself. What is out there (or in the bill) for people who are unemployed. He is not old enough to receive Medicare/cade. ...

Okay, here is a question that I have not seen come up here. While watching news today this just crossed my mind. If the government sets an insurance rate you have to pay based upon what you make per year, do they take into account all your other bills, and that sometimes as ICs we don't get any work coming in at times, and then what they set is more than what you can afford (i.e. more money than your paycheck and you still have to pay all your bills). As ICs I'm sure ...

Thought O and Biden were against oil drilling? Dylan Ratigan just had a snippet on from O stating to that effect. Now he opens up offshore drilling? ...

To anyone who has any knowledge of Social Security benefits, I am wondering if an ex-spouse of a male veteran who has passed away can obtain "survivor benefits" (?) from Social Security if she has his children...even though he had been remarried at the time of his demise?? Children are all over 21. I have heard that there is something like this and if so, how would I go about obtaining it? thanks in advance for anyone's help. ...

deficit question

Sure - sm

Do you know the difference between the debt and the deficit? - nm

I cannot answer the - OP's question

The deficit went down - OABO

I found this article and thought it - was interesting

The debt tripled under Obama because - sm

Did you forget about ..sm - VTMT

No, not fact. - sm

Try this - OABO

Don't know where - Hail Caesar

Probably like where most of my Trump friends - get their facts

Similar Messages: