Posts Tagged ‘deficit’

  • debt ceiling...16484_7.11_000004905228XSmall

    Raising (or Ignoring) the Debt Ceiling

    Jul 11, 11 • 251 Views • No Comments

    Washington Post cartoonist Tom Toles summarizes all we need to know about the politics of debt ceiling negotiations in these 33 political drawings. The first one starts with a Democrat/Republican card game in which each raises the ante. Others refer to the...  [read more]

  • 16443_6.20_000007462309XSmall

    A Social Security Collision

    Jun 20, 11 • 303 Views • No Comments

    Ask a 56-year old and a 26-year old about Social Security and you will probably get very different answers.  In the NY Times, an unemployed 56 year old woman said: “My investments took a bath, then being out of work for a few years–I’m...  [read more]

  • 16376_5.17_000007453370XSmall

    Bailout Fatigue

    May 17, 11 • 237 Views • No Comments

    Yesterday, in a 94-0 vote, the U.S. Senate said it had bailout fatigue. No, they were not referring to Fannie Mae or General Motors. They meant Greece. This is the connection: By selling government securities, Greece had borrowed money to fund massive...  [read more]

  • 16374_6.16_000006078784XSmall

    Looking at the Debt Ceiling

    May 16, 11 • 204 Views • No Comments

    Today, at this moment, we might be hitting the debt ceiling. During the past 11 years, Congress has voted to raise the debt ceiling 10 times. In 2000, the ceiling was approximately $6 trillion; in 2011, it was just above $14 trillion. The whole story is here,...  [read more]

  • 16342_3.1_000005787159XSmall

    Medicare Math

    May 1, 11 • 295 Views • No Comments

    The ratio is 3 to 1. The “3” is how much Medicare recipients are receiving. The “1” is what they paid. Still though, you can see from this NPR report why most people call Medicare an entitlement. According to a study from the Urban...  [read more]