deficit

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  • Projected Government Health Spending Down Almost a Trillion Since Deficit Hysteria Began


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    It can’t be stressed enough how much our projected deficit problem basically fixed itself while most of Washington was trying to scaremonger the debt to justify cutting benefits. Paul N. Van de Water at CBPP did the math and found that since the recent round of deficit hysteria began in back in 2010, the CBO 10 year ...
    1 day ago
  • Obamas Gimmicky Budget to Increase National Debt by $5.2 Trillion


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    Many on the Left are praising a new report from the Congressional Budget Office (CBO) showing that President Barack Obama’s budget, which was submitted two months late , would lower deficits by $1.1 trillion over the next 10 years : President Obama’s most recent budget request would reduce borrowing by ...
    1 day ago
  • What Wal-Mart’s Same-Store Sales Say About the Economy


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    Wal-Mart Stores, Inc. (NYSE/WMT), the biggest retailer in the U.S., just reported its second-quarter same-store sales declined 1.4%. As a reader of Profit Confidential , this should come as no surprise to you. Consumer spending in the U.S. economy is bleak; it doesn’t seem to be improving, and it’s nowhere near ...
    1 day ago
  • Washington Signals Dollar Deep Concerns


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    lewrockwell.com / By Paul Craig Roberts / May 20, 2013 Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE). Quantitative Easing is the term given to the ...
    1 day ago
  • CBO: Obama Budget Adds $5.2 Trillion To Deficit, $1 Trillion In New Taxes


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    CBO: Obama Budget Adds $5.2 Trillion To Deficit, $1 Trillion In New Taxes – Big Government The Congressional Budget Office (CBO) says President Barack Obama’s 2014 budget would add $5.2 trillion in deficits over the next ten years and contains nearly $1 trillion in new taxes. . The Obama budget, which was ...
    1 day ago
  • Epidemiology of Childhood Brain Disorders: ADHD and Autism


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    The U.S. Centers for Disease Control has published a comprehensive summary of the epidemiology of childhood brain disorders in the most recent Morbidity and Mortality Weekly Report . This report produced some sensationalized headlines that up to 20% of children suffer from a mental disorder.   However, I ...
    1 day ago
  • A taxing summer for residents of Berkeley, Calif.


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    1 day ago
  • The Poisonous Printing Press


    ZeroHedgeAuthority Authority: 722
    From Bruno de Landevoisin at Slope Of Hope ........ It’s painfully clear for all to see that the majestic United States is now firmly caught in the rapacious stranglehold of financial elites which have completely captured it in a grotesque gamed monetary process.  Our country’s once idealistic and industrious ...
    1 day ago
  • Analysis: Shrinking deficit reduces pressure for budget deal


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    By Jason Lange and David Lawder WASHINGTON (Reuters) – The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading. A sudden improvement in the outlook for the government deficit over the ...
    2 days ago
  • Who Knew “Smart Power” Also Applied To Obama’s Domestic Policy


    Pirate's CoveAuthority Authority: 702
    We jump in the wayback machine, and learn that “smart power” was the Obama/Hillary Clinton term for how America was going to deal with the world. It is defined by the Center for Strategic and International Studies as “an approach that underscores the necessity of a strong military, but also invests heavily in ...
    2 days ago
  • Happy Tax Freedom Day 2013 to Connecticut Taxpayers


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      Tax Freedom Day for the country was on April 18, 2013. This is the day when, on average, taxpayers have paid all of their taxes for the year and now begin to keep what they earn.  Tax Freedom Day in 2013 was 5 days later than last year. This is partially due to the American Taxpayer Relief Act passed in late ...
    1 week ago
  • James Grant Interviewed by James Turk–Federal Reserve, National Debt, Money, Gold — Videos


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    James Grant and James Turk discuss gold, the Fed and the fiscal situation of the USA
    1 week ago
  • Caring for the Poor Is Up for Debate in the Catholic Church?


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    It’s graduation season, when pundits and politicians and poets take to the podiums at colleges and universities across the country. Some speakers are chosen because they are now-famous alums, others because they are believed to be Important People With Important Things to Say, and still others because they will be ...
    1 week ago
  • Peru Sees First Quarterly Trade Deficit Since 2008


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    Peru posted a trade deficit of $223 million in the first quarter of this year, its first deficit since 2008, the Central Bank said. The deficit highlights the risks facing Peru’s export-driven economy as a boom in commodity prices that supported growth during the past decade is coming to an end. Commodities such as ...
    1 week ago
  • Australian Treasurer Wayne Swan Should Be Sacked


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    By Andrew Bolt ~ Australian Treasurer Wayne Swan Good question from Terry McCrann: Why hasn’t Wayne Swan been sacked? The Treasurer, Wayne Swan should go, after the disastrous forecasts and assumptions on which his budget was based. It is absolutely fundamental to understand that this is not just a ...
    1 week ago
  • Don’t Let Your Strengths Become Your Weakness


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    Are you aware of what your greatest strengths are? The better you understand them, the more likely you will be able to harness them and put them to optimal use. read more
    1 week ago
  • Indonesias Budget Deficit May Widen to 2.5% of GDP


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    Indonesias budget deficit this year may widen from 1.65% of gross domestic product -- as set in the state budget-- to around 2.5% following the upcoming governments plan to raise fuel price probably at IDR 6,000 a liter. The 1.65% of deficit is equal with IDR 154 trillion. Currently, the price of subsidized ...
    1 week ago
  • Boehner Surrenders on Spending Cuts


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    Washington is determined not to kick its spending habit. During his press conference yesterday, House Speaker John Boehner told reporters that “[w]e can’t cut our way to prosperity,” a line that has been used frequently by President Barack Obama. The comment prompted this tweet from Senate Majority Leader ...
    1 week ago
  • Imperial Hubris


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    May 10, 2013 Ham-fisted government edict tries to shut down 3-D-printed guns, with predictable results “Another American century”… “Not the next Greece”… and other evidence of a resurgent imperial hubris Elmerraji on the “shut up and take my money” stock market… Guenthner unpacks gold’s latest ...
    1 week ago
  • Spain is officially insolvent: get your money out while you still can


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    Id not noticed this until someone drew my attention to it, but the latest IMF Fiscal Monitor, published last month, comes about as close to declaring Spain insolvent as you are ever likely to see in official analysis of this sort. Of course, it doesnt actually say this outright. The IMF is far too diplomatic [...]
    1 week ago

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