Posts Tagged ‘federal budget’

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    A Budget Question

    Mar 14, 11 • 221 Views • No Comments

    Thought to have saved many lives, a Japanese early warning system sent a media alert seconds before the earthquake struck.  The system took 12 years to implement and cost close to $500 million. A similar warning system for the U.S. west coast is being...  [read more]

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    Part 1: The Basics of a Shutdown

    Feb 28, 11 • 238 Views • No Comments

    Our story begins on October 1, 2010. With a fiscal year that starts on October 1 and ends on September 30, the first day in October is crucial. Because the President and the Congress had not yet agreed on the 2011 budget, in some way, they had to approve...  [read more]

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    Looking For A Reality Check

    Feb 15, 11 • 233 Views • No Comments

    Saying how the U.S. government spends our money, Washington Post columnist Ezra Klein said, “It’s an insurance conglomerate…” His explanation? Medicare, Medicaid and Social Security expenses add up to 2/5 of federal spending. With...  [read more]

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    A Budget Cut Mirage

    Feb 12, 11 • 212 Views • No Comments

    Reacting to concern about the federal deficit, the Republican leadership seems to be targeting $100 billion in discretionary spending cuts. Similarly, for his fiscal 2012 budget, President Obama recommends a 5-year freeze on non-security discretionary...  [read more]

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    Who Do We Owe?

    Dec 4, 10 • 218 Views • No Comments

    Who do you think is the biggest holder of U.S. government debt? China? No. It is the U.S. government. Why? Please think about extra money the government might collect for Social Security. What does it do with those funds? Retaining cash would mean no return...  [read more]