budget deficit

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Latest blogosphere posts tagged “budget deficit”

  • Journalists Could Illuminate A Better Deficit Debate


    THE SAME ROWDY CROWDAuthority Authority: 124
    During times of war and economic crisis, some believe deficits are a necessary evil. At the same time, some believe we should never run deficits. This debate is healthy. Journalists should press Obama and his congressional supporters about whether 2009-10 was a justifiable time to run a record deficit, and when ...
    3 hours ago
  • Important News - Dec. 11


    InvestmentWatchAuthority Authority: 156
    1) Moody’s sees no threat to U.S. top rating for now “HONG KONG (Reuters) - The top sovereign credit ratings of Britain and the United States are not under threat of a downgrade right now, but a worst case scenario foresees a cut by 2013, analysts from Moody’s Investors Service said on Friday.” 2)  ...
    5 hours ago
  • Sovereign Debt Defaults the Next Shoe to Drop?


    Jutia GroupAuthority Authority: 581
    Governments the world over have spent the past year bailing out, backstopping, insuring, and stimulating their financial sectors and economies. Trillions of dollars, euros, yen, and pounds have been thrown around like Halloween candy. Officials have assured us there’s little risk to that strategy.But we have ...
    8 hours ago
  • What Were Reading...


    EconomixAuthority Authority: 744
    The most interesting job at a Cuban cigar factory and other economic coverage from around the Web.
    1 day ago
  • Budget deficit narrowed to $120.3 billion in November


    DailyFinanceAuthority Authority: 782
    Filed under: Economy More good news for the U.S. economy, as the nations budget deficit narrowed to $120.3 billion in November, the U.S. Treasury Department announced Thursday. A Bloomberg News economists survey had expected the U.S. Government to post a $135.0 billion deficit in November, the second month of ...
    1 day ago
  • Gould says he’s out as committee chairman


    Le Templar: What I KnowAuthority Authority: 487
    State Sen. Ron Gould, R-Lake Havasu City, just sent a note on Twitter that he’s been removed by Senate President Bob Burns, R-Peoria, as chairman of the Retirement and Rural Development Committee . Here’s the message: “President Burns just took away my comittee chairmanship over my NO vote on the TAX HIKE. ...
    1 day ago
  • Where Have the Virgin Deficit Slayers Gone? Or Mr. Rubin, Have You Been ‘Crowded Out?’


    Big GovernmentAuthority Authority: 815
    Today, Politio reported the the Congressional Democrat Leadership will increase the debt ceiling by $1.8 trillion. There was a time, in Democrat land, that Robert Rubin was thought to be an oracle. During the Clinton years, the Treasury Secretary was so highly regarded that his economic plans were dubbed Rubinomics. ...
    1 day ago
  • Japan’s Debt: Some Unpleasant Questions…


    Risk WatchdogAuthority Authority: 125
    One of the things that has been troubling me more and more lately is Japan’s colossal debt burden , which is heading towards 200% of GDP. At the moment, the debt burden is existing in an equilibrium of sorts, with Japanese financial institutions seemingly content to keep buying Japanese Government Bonds (JGBs). In ...
    1 day ago
  • Big Trouble In Little Chi-Town: Illinois Downgraded From AA- To A+ By S&P On Liquidity Issues


    zero hedgeAuthority Authority: 750
    The rating agencies have decided to once again remind the world of their pathetic, and decades behind the curve existence. The most recent act: downgrading Illinois From AA- to A+ with a negative outlook. From the report: " The downgrade reflects what we view as the states deteriorating liquidity and financial ...
    1 day ago
  • U.S. Already $292 Billion in the Red This Year


    War On You: Breaking Alternative NewsAuthority Authority: 545
    December 9th, 2009 Via: Reuters : The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday. In October and November, the government spent $292 billion more than it took in, the ...
    1 day ago
  • Greek Finance Minister Says ‘Absolutely’ No Risk of Default


    Survival News NetworkAuthority Authority: 143
    Greek Finance Minister George Papaconstantinou said there is “absolutely” no risk that the country will default on its debt, seeking to ease the concerns of investors after Greece had its credit rating cut yesterday.“We’re moving swiftly to reassure citizens and markets that we’re moving in the right ...
    1 day ago
  • Poll Watch: Ipsos/McClatchy National Political Survey


    race42008.comAuthority Authority: 634
    Ipsos/McClatchy National Political Survey Overall, do you approve or disapprove the way Barack Obama is handling his job as President? Approve 49% (53%) [56%] {56%} Disapprove 49% (43%) [40%] {40%} Among Independents Approve 41% (45%) [47%] {54%} Disapprove 55% (41%) [41%] {37%} What ...
    2 days ago
  • Obama’s Multiple Trips Waste Money


    The Swine LineAuthority Authority: 121
    Yesterday, President Obama delivered a speech in an attempt to claim he is focused on the economy and the massive number of job losses since he took office.  I guess he will read anything put on a teleprompter in front of him regardless of how far it is from reality. In his speech, he stated “We’ve combed the ...
    2 days ago
  • Does Barack Deserve a Break?


    The Daily ReckoningAuthority Authority: 620
    If you read the paper this morning you probably saw something like this: “New Obama Plans: ‘Spend Our Way Out’ of Downturn” as The Associated Press , the global journalistic standard, put it. Oh… how the pendulum swings. As Bill Bonner has said, “We have always had fondness for minstrels, misfits and ...
    2 days ago
  • Why ObamaCare is heading in the wrong direction


    James PethokoukisAuthority Authority: 688
    Arnold Kling sums things up perfectly: I believe that America’s health care system should be reformed. Medicare is unsustainable. Employer-provided health insurance should never have been instituted in the first place, and it is becoming more dysfunctional every year. I would like to deal with the structural ...
    2 days ago
  • US lawmakers seek ‘task force’ to fight deficit (AFP)


    enUwsAuthority Authority: 466
    AFP – US Senators called Wednesday for the creation of a “task force” to find ways to curb the soaring long-term US budget deficit … Original post: (AFP)"> (AFP)">US lawmakers seek ‘task force’ to fight deficit (AFP)
    2 days ago
  • The Fallacy Which Underpins the EU: The Euro Time Bomb Revealed by Greece


    The British National PartyAuthority Authority: 605
    The fallacy which underpins the European Union’s common market and euro currency has been exposed once again by the current financial crisis in Greece which threatens “dire consequences” for the common currency. The situation in Greece was described earlier this week by the CEO of Deutchse Bank, Josef ...
    2 days ago
  • Greek Finance Minister Says ‘Absolutely’ No Risk of Default


    Get Out of Dodge!Authority Authority: 133
    Greek Finance Minister George Papaconstantinou said there is “absolutely” no risk that the country will default on its debt, seeking to ease the concerns of investors after Greece had its credit rating cut yesterday. “We’re moving swiftly to reassure citizens and markets that we’re moving in the right ...
    2 days ago
  • Greek Banks Playing the Carry Trade and Investing in Government Bonds


    The Daily Reckoning AustraliaAuthority Authority: 559
    Another day, another country looks to be heading towards bankruptcy. Greece was last night downgraded by ratings agency Fitch from A- to BBB+ and was placed on negative credit watch. That means there could be more downgrades to come. The Greek budget deficit is currently 12% of GDP. And that makes a mockery of the ...
    2 days ago
  • The President’s Job’s Initiative Doesn’t Measure Up


    The LA ProgressiveAuthority Authority: 142
    No president in modern times walks a tightrope as exquisitely as this one. His balance is a thing of beauty. But when it comes to this economy right now -- an economy fundamentally out of balance --... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
    2 days ago

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