Budget Deficit

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Latest blogosphere posts tagged “Budget Deficit”

• France’s(NOT ONLY FRANCE !) public debt soared to a record 75.8 percent of output in the third quarter, official figures showed Wednesday, a week after Paris got a warning on its credit standing.

  
  InvestmentWatch — Authority: 157
  The new debt figure from the statistics institute INSEE followed a stern message from Fitch Ratings that the government had to take tougher measures to rein in state spending if it wanted to preserve its top grade credit rating. France is hardly alone among European Union countries that have run up big debts, after ...
  13 hours ago

• Important News - Dec. 29

  
  InvestmentWatch — Authority: 157
  1)  China becomes world’s biggest gold buyer in 2009 “World Gold Council (WGC) data reveals that for the first time in 21 years the world’s central banks have been net buyers of gold and China has been the biggest buyer this year, adding 454 tones to bring its central bank reserves to 1,054 tones. Amid ...
  1 day ago

• Late night News: Dec. 28

  
  InvestmentWatch — Authority: 157
  1) Fannie mortgage holdings sink, delinquencies leap “NEW YORK (Reuters) - Fannie Mae’s gross mortgage portfolio shrank sharply in November while the delinquency rate on single-family loans it guarantees leaped in October, the government-controlled U.S. home funding company said on Monday. The company said ...
  2 days ago

• What’s $62 trillion in deficits anyway?

  
  James Pethokoukis — Authority: 707
  The great Andrew Biggs makes a great point about the Medicare advisory commission in the Senate healthcare bill, a cost-control measure that Peter Orszag calls one of the most potent in the bill: The new board is empowered to impose cost reductions if Medicare cost growth exceeds the growth of Gross Domestic ...
  2 days ago

• Investors: Avoid Fretting over 10-Year Projections

  
  BloggingStocks — Authority: 673
  Filed under: Analyst reports , Forecasts , Columns , Personal finance Theres a baseball play-by-play announcer with a pretty good team, whose made a small fortune uttering phrases like, "I tell you what you can do with that prediction: You can take that prediction and throw it in the East River. Thats how ...
  3 days ago

• You have a funny definition of “fiscal conservative”, Senator

  
  Off the Kuff — Authority: 147
  “When I use a word,” Humpty Dumpty said in rather a scornful tone, “it means just what I choose it to mean — neither more nor less.” Our junior Senator calls himself something that doesn’t describe him accurately at all. “I am a fiscal conservative, so I approach all of this from that ...
  3 days ago

• Shiller: A Way to Share in a Nations Growth

  
  Economist's View — Authority: 663
  Robert Shiller wants people to be able to take stock in America: A Way to Share in a Nation’s Growth, by Robert J. Shiller, Commentary, NY Times : Corporations raise money by issuing both debt and equity, the latter giving investors an implicit share in future profits. Governments should do something like this, ...
  4 days ago

• Californias Gov. Schwarzenegger Likely to Seek More Federal Assistance to Cut Deficit

  
  BloggingStocks — Authority: 673
  Filed under: Politics , Recession California update: Gov. Arnold Schwarzenegger (R-Calif.) is expected to ask President Obama to ease federal mandates and minimums on social programs to save the state up to $8 billion. The action is needed because California, which has already cut programs to eliminate previous ...
  4 days ago

• Constitutional Convention for California?

  
  Cheshire Cat Photo Blog (... said the Cat: 'we're all mad here....') — Authority: 128
  For a moment, I am going to let the dust settle on an apparently Al-Qaida-linked FAILED terrorist attack on a plane landing in Detroit, and attribute the failure to good Karma and heroic action by another passenger, until we know more…. As for Constitutional Conventions , I have generally felt better about ...
  4 days ago

• Illinois Top Ten Stories of the Decade: barry’s election #1

  
  Citizens Against Pro-Obama Media Bias — Authority: 149
  December 25, 2009AP compiled a list of the top ten stories of the decade in Illinois.1-barry’s election: Nov 4, 20082-Blagojevich’s indictment: Dec 9, 20083-Former governor Gov Ryan goes to prison: Nov 7, 20074-Gov Ryan halts executions: Jan 31, 20005-NIU shootings: Feb 14, 20086-Recession: Nov 2009 unemployment = ...
  4 days ago

• While You Were Busy Today

  
  Boom2Bust.com — Authority: 434
  While you might have been preoccupied with other things this Christmas Eve, various Washington institutions took a page out of the FDIC bank closure playbook… From the Associated Press’ Laurie Kellman: The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase ...
  5 days ago

• Democrats Pass Temporary Debt Ceiling Extension With No Vote Error Margin

  
  zero hedge — Authority: 739
  Tim Geithner and Ben Bernanke can both sleep well - the Great American Ponzi ("GAP") can continue for at least one more month, courtesy of Senate Democrats who all, with the exception of Evan Bayh, voted to raise the debt ceiling by $290 billion to $12.4 trillion. 59 Democrats all did their job in pretending that an ...
  6 days ago

• Experts devise bang-up cracker formula

  
  Ohaiyo Business Magazine — Authority: 137
  British researchers say they have devised a guaranteed method of pulling crackers, to avoid disappointment at the dinner table this Christmas. The researchers say the method for always winning the long end of the cracker, and therefore the prize inside, is in the angle that you grip it. They have released a ...
  6 days ago

• Arizona’s Coming Government Collapse – from Governor Jan Brewer

  
  War On You: Breaking Alternative News — Authority: 520
  http://www.resistnet.com Dear Fellow Arizonan, We face a state fiscal crisis of unparalleled dimension – one that is going to sweep over every single person in this state as well as every business and every family. That is why I held an emergency cabinet meeting yesterday morning where I outlined for our ...
  1 week ago

• Surprise! Gaming CBO rules masks how healthcare reform may actually make deficit worse

  
  James Pethokoukis — Authority: 707
  [See update at bottom] A group of Republican senators, led by Jeff Sessions and Judd Gregg, are accusing the Democrats of double-counting Medicare tax hikes and spending cuts as both extending the solvency of the program and paying for expanded healthcare coverage. So they asked the CBO for its opinion. Here is the ...
  1 week ago

• Moody’s Joins Others in Cutting Debt Rating on Greece

  
  Stupidica — Authority: 177
  Moody’s Investors Service on Tuesday became the third major credit rating agency to cut its debt rating on Greece, citing the government’s crumbling finances. But stocks and government bonds rallied in Athens amid relief that the downgrade was not worse. Greece, facing a government budget deficit next year of more ...
  1 week ago

• Illinois Blogging: Services Providers Hold Their Breath Until November 2010

  
  Understanding Government — Authority: 143
  The Associated Press reports that the Illinois state government, $11 billion in debt ,  is not paying local social service agencies: Illinois is millions of dollars behind in making payments, and many groups haven’t been paid by the state since the fiscal year began in July, a situation that longtime ...
  1 week ago

• Greece is to California as...

  
  The Mess That Greenspan Made — Authority: 634
  The LA Times reports that things are not so golden in the Golden State as Governor Arnold Schwarzenegger once again turns to Washington for help in averting a death spiral. Facing a budget deficit of more than $20 billion, Gov. Arnold Schwarzenegger is expected to call for deep reductions in already suffering local ...
  1 week ago

• Saudi will prevail!

  
  Dubai Business | Kippreport — Authority: 493
  Elsewhere in the world the argument rages whether the recession is over or not. In Saudi Arabia, that is not the issue even though the recession has had significant effect on the economy. It has brought down the price of oil with obvious consequences for government income while Saudi investments abroad, both private ...
  1 week ago

• Schwarzenegger To Seek Federal Help for California Budget

  
  heave-ho.org — Authority: 164
  Reporting from Sacramento – Facing a budget deficit of more than $20 billion, Gov. Go here to read the rest: Schwarzenegger To Seek Federal Help for California Budget
  1 week ago

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