Posts Tagged ‘federal budget’

  • the Congress...16856_3.16_000012166514XSmall

    The Federal Budget: Sequester Déjà Vu

    Mar 1, 13 • 876 Views • No Comments

    Today’s sequester is not the first. Just like now, in 1985, cutting the deficit was popular…in theory. The question, though, was how to get legislators to do it. The answer was Gramm-Rudman (aka the Gramm-Rudman-Hollings Act or the Balanced Budget......  [read more]

  • The US is again hitting its debt ceiling.

    The Federal Budget: Sequester Facts

    Feb 28, 13 • 515 Views • No Comments

    Understanding the sequester means we have to start with the Supercommittee. Formed during 2011, the Supercommittee was the solution to the debt ceiling impasse. At the time, the Congress refused to pass a debt ceiling increase unless we had a plan to cut......  [read more]

  • White House

    Fiscal Policy: Mary Todd Lincoln and the White House Budget

    Feb 17, 13 • 1164 Views • No Comments

    How much of the federal budget should be spent on the White House? Abraham Lincoln would have replied, “Not very much.” Commenting on his wife’s purchases he realized, “It would stink in the nostrils of the American people to have it......  [read more]

  • The US is again hitting its debt ceiling.

    Debt Ceiling: A Treasury Note

    Dec 28, 12 • 546 Views • No Comments

    Secretary of the Treasury Geithner just sent Senate Majority Leader Harry Reid a letter. Noting that in 5 days the US will again have hit the debt ceiling, Secretary Geithner explains that actually, we might have an extra 2 months. In an appendix to his......  [read more]

  • The Congress and the Deficit

    Big Bird’s Issues

    Oct 11, 12 • 514 Views • No Comments

    All the talk about Big Bird and federal funding is really about 2 much bigger issues. 1. Discretionary Spending With proposed spending in the Obama 2013 budget at 3.7 trillion dollars, a tiny proportion–between 1 and 2 percent, goes to the Corporation......  [read more]