by Steven Greenhut. Gov. Jerry Brown last Monday released “An Open Letter to the People of California,” in which he called for the state’s taxpayers to approve tax-raising initiatives to “fix” the state’s structural deficit. Here is the letter and my translation of what Brown really meant to say. Brown: When I became governor again … California was facing a ... MORE
Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts
Doug Bandow: Time To Gut, Not Cut, The Federal Gov't
The solution is simple, just not easy. Washington’s vaunted debt reduction supercommittee has failed. The dozen members were unable to agree on a package of deficit reduction measures which would only have slowed the fast rising tide of federal red ink. It will probably take the Second Coming before legislators voluntarily halt the wild taxpayer-paid party on the ... MORE
REUTERS: Super Committee Is A Super Flop
Debt-reduction efforts will be led by voters in 2012. The failure of a congressional deficit-cutting "super committee" means the tough work of putting the United States' finances on a stable path will likely have to wait until 2013 at the earliest. Barring some unforeseen development, the Republican and Democratic co-chairs of the committee are due to issue a joint ... MORE
Labels:
credit,
debt,
deficit,
devaluation,
economics,
government,
politics,
spending,
supercommittee
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