Posts Tagged ‘deficit’

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    Taxing Decisions

    Aug 16, 11 • 342 Views • No Comments

    According to The Atlantic’s Megan McArdle, all of us should know about the Fallacy of Chesterton’s Fence before we decide how we feel about taxes. Picture a fence extending across a road. 2 people approach it. The first says, “I don’t......  [read more]

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    An Excellent Budget Plan

    Jul 29, 11 • 353 Views • No Comments

    A debt reduction suggestion. Let’s use what the President’s budget commission suggests. Proposing legislation that will mandate restraint and discourage political opportunism, they are bipartisan. And, they get people on the right and the left......  [read more]

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    Debt Ceiling 101

    Jul 15, 11 • 399 Views • No Comments

    During the month of August, if the U.S. hits its debt ceiling of $14.3 trillion and the Congress says, “No, you cannot borrow anymore,” then what will happen? During August, the U.S. will have $172B (billion) in federal revenues and $307B in......  [read more]

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    Raising (or Ignoring) the Debt Ceiling

    Jul 11, 11 • 330 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]

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    A Social Security Collision

    Jun 20, 11 • 419 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]