Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts
Steven Greenhut: Detroit’s Long Road To The Bottom
The Motor City’s path to economic ruin. Californians frustrated by the state’s long-term fiscal situation sometimes throw up their hands and declare that things must get worse before they get better. Let the tax-and-spenders have at it, they say, and then voters eventually will wake up and change their ways. Unfortunately, “eventually” can ... MOREJohn Stossel: Austerity Myths
Honesty is the first step. Europe's struggles prove that "austerity" fails! So say the Big Spenders. With a condescending sigh, they explain that Europe made deep cuts in government spending, and the result was today's high unemployment. "With erstwhile middle-class workers reduced to picking through garbage in search of food, austerity has ... MOREDavid Beckworth: The Low-Interest-Rate Blues
The Fed continues to make deficit spending easier. One of the most insidious developments in the economic crisis has been the low-interest-rate environment. Short-term interest rates have been stuck near 0 percent for four years, while long-term interest rates have declined to historically low levels. These low interest rates have created ... MORETax Freedom Day 2013 Is Five Days Later Than Last Year
The day you begin earning money for yourself. April 18 will be Tax Freedom Day, the day when Americans have worked
enough to pay all of their federal and state taxes for 2013 – a round
total of $4.22 trillion, according to an analysis done by the Tax Foundation. That's five days later than in 2012. Americans will pay more than $2.76 trillion in ... MOREPaul Craig Roberts: The Assault On Gold
The Federal Reserve's last stand? For Americans, financial and economic Armageddon might be close at
hand. The evidence for this conclusion is the concerted effort by the
Federal Reserve and its dependent financial institutions to scare people
away from gold and silver by driving down their prices. When gold prices hit $1,917.50 an ... MOREBrian Domitrovic: The Sequester That Saved The Economy
Remember stimulus spending? That’s the stuff that the government is supposed to come up with when the economy goes into recession. The idea is that since government expenditures are one part of overall economic output, when private activity wanes, aggregate output, or “GDP” can be maintained. It’s intriguing as a theory, perhaps, but in ... MORE'What Is Driving The Growth In Government Spending'
by Veronique de Rugy. This is not from NRO, the Cato Institute, or Reason: Spending on entitlement programs was about $500 billion per year in 1972 in today’s dollars. If it had increased at the same rate as the gross domestic product, it would now be about $1.4 trillion. Instead, it is now about $2.9 trillion per year. What this means is that there has ... MOREFOX: 83% Think Government Spending Is Out Of Control
Seventeen percent are in denial. More than eight in ten American voters (83 percent) think government spending is out of control, according to a Fox News poll released Friday. That’s up from 78 percent who said so in 2010 and 62 percent in 2009. Some 11 percent think spending is being managed carefully. The poll also finds almost all voters rate ... MOREA. Barton Hinkle: Spending Cuts Are Mostly Fiction
Would you like to save $20,000 this year? Of course you would. Here’s how: Plan a month-long vacation to Disneyland, and budget $20,000 for the trip. Then don’t go. Presto! You just “cut” your family budget by 20 grand. This sounds absurd—because it is. Yet that is precisely
how Washington operates. A couple of weeks ago, ... MORE
Obama Supporters Shocked, Angry At New Tax Increases
by Joseph Curl. Sometimes, watching a Democrat learn something is wonderful, like seeing the family dog finally sit and stay at your command. With President Obama back in office and his life-saving “fiscal cliff” bill jammed through Congress, the new year has brought a surprising turn of events for his sycophantic supporters. ... MORE
Donald Lambro: Obama's War On Wealth
Higher taxes mean slower growth. A big issue is missing in the debate over the “fiscal cliff”: how to get the Obama economy growing again, fueling capital investment, jobs and higher incomes. In all the fire and fury over whether we should raise or cut taxes, or how we can pound the deficits and a monster national debt into submission, ... MOREVoters Kick The Fiscal Can Down The Road
by David Davenport. After all the money (a campaign spending record exceeding $2 billion), hard work, negative campaigning and wall-to-wall advertising, Americans have voted to kick the can down the road. They don’t want to take their medicine yet. They want to continue to live in a suspended reality where government can keep growing and spending ... MOREObama May Levy New Tax On Energy To Pay Deficit
by Mathew Carr. Barack Obama may consider introducing
a tax on carbon emissions to help cut the U.S. budget deficit
after winning a second term as president, according to HSBC
Holdings Plc. A tax starting at $20 a metric ton of carbon dioxide
equivalent and rising at about 6 percent a year could raise $154
billion by 2021, Nick Robins, an analyst at the bank in ... MOREWalter E Williams: Black and White Standards
Black people should not keep accepting excuses. The Washington Post (10/25/2012), in giving President Barack Obama an endorsement for another four years, wrote, "Much of the 2012 presidential campaign has dwelt on the past, but the key questions are who could better lead the country during the next four years — and, most urgently, who is likelier ... MOREAmy Payne: $16,000,000,000,000
Debt increases 50 percent under Obama. Yesterday, the U.S. national debt passed $16 trillion. On President Barack Obama’s watch, the debt has increased by 50 percent, as campaign promise after campaign promise has drowned in a sea of federal spending. When he was running for President, Obama condemned George W. Bush for adding $4 trillion ... MOREPeter Schiff: The Not So Super Hero
We must stop waiting for a savior. The past week provided clear lessons not just in how central bankers have a limited ability to positively influence the economy but also how they are limited in their capacity to deliver the shortsighted policy actions that investors currently crave. The developments should provide new reasons for investors and ... MORE
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