Posts Tagged ‘federal budget’

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    Looking For A Reality Check

    Feb 15, 11 • 183 Views • Economic Debates, GovernmentNo 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

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    A Budget Cut Mirage

    Feb 12, 11 • 168 Views • Economic Debates, Government, Macroeconomic MeasurementNo 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

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    Who Do We Owe?

    Dec 4, 10 • 167 Views • Financial Markets, Government, Money and Monetary PolicyNo 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

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    Deficit Denial

    Nov 16, 10 • 174 Views • Economic Debates, Government, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    According to 96% of the participants in a CBS News poll on the deficit, “We really don’t care.” Jobs were #1 and health care #2 with the deficit far behind. According to Washington Post reporter Ezra Klein, that is why “the

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    A Federal Workers Cost Cutting Contest

    Jul 10, 10 • 156 Views • GovernmentNo Comments

    Last year’s winning idea for the second annual federal worker’s cost cutting contest (SAVE) was from A Department of Veterans Affairs employee. Scheduled for the fiscal 2012 budget, the suggestion will save a projected $14.5 million by 2014 by