Posts Tagged ‘deficit’

  • 15717_6.22_000009810041XSmall

    Paying Fannie Mae’s Bills

    Jun 22, 10 • 215 Views • No Comments

    Each of us is helping to pay a $10 million monthly grass mowing bill. Why? Because of homes that are owned by Fannie Mae and Freddie Mac. As GSE’s (government sponsored enterprises), Fannie and Freddie had purchased mortgages from financial...  [read more]

  • 15639_5.12_000008715889XSmall

    A Plastic Penny?

    May 12, 10 • 278 Views • No Comments

    How do you feel about the penny and the nickel? If you care about the federal budget, you might want to mint them more inexpensively. But, if you own a laundromat, you disagree.    Pennies are actually copper coated pieces of zinc while nickels are...  [read more]

  • 15591_4.18_000006902280XSmall

    A VAT For Pretzels?

    Apr 18, 10 • 312 Views • No Comments

    The Senate just said “No” to a VAT. Disagreeing, Paul Volcker sort of said “Yes” when he observed that a VAT is “not as toxic an idea” as we once believed. Suddenly everyone seems to be talking about a VAT. Here...  [read more]

  • 15575_4.10_000005989308XSmall

    Taxing Decisions

    Apr 10, 10 • 249 Views • No Comments

    Some people believe that government spends more when it has an affluent population to pay for it.  In a recent NY Times column, David Leonhardt presents a slightly different perspective. Instead, he says that because we are a more affluent society,...  [read more]

  • 15562_4.3_000010345649XSmall

    Social Insecurity

    Apr 3, 10 • 254 Views • 1 Comment

    Is there a “lock box” with surplus social security funds? Sort of.   In 1983,  when we had inadequate funding for the social security program, a commission led by Alan Greenspan suggested extra sources of revenue for a Social...  [read more]