Posts Tagged ‘deficit’

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    Bailout Fatigue

    May 17, 11 • 320 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]

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    Looking at the Debt Ceiling

    May 16, 11 • 277 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]

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    Medicare Math

    May 1, 11 • 387 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]

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    Income Tax Matters

    Apr 22, 11 • 359 Views • No Comments

    Woodrow Wilson once said that paying taxes was a “glorious privilege.” However, a recent Gallup poll confirmed what we probably already knew. Most of us do not want to pay higher taxes. Upper income households (67% of those polled) say current......  [read more]

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    Federal Spending Questions

    Apr 21, 11 • 347 Views • No Comments

    Hearing the following, one Washington Post reporter said, “Four pinocchios.” In a February survey of 801 “likely” voters, a majority (63%) said that the biggest budget items were defense and foreign aid. Also, they suggested......  [read more]