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18 Mar 2010 09:54

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Politics: Twitter’s debating the CBO’s health-care findings



Posted by Ernie Smith • 0 Comments • Permalink

18 Mar 2010 09:50

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Politics: The CBO’s firm numbers on health care help the Democrats

  • $940B the amount the bill as written will cost to implement
  • $130B the amount the bill will cut the deficit in the next ten years
  • $1.2T the amount the bill will cut in the ten years after that source
Posted by Ernie Smith • 0 Comments • Permalink

17 Mar 2010 21:51

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Politics: Alan Simpson’s leading Obama on a trail to deficit-cutting

  • “Here guys, a balanced budget is this way.” They don’t make Republicans like Alan Simpson anymore. The former Senator isn’t anti-tax if it means cutting the deficit down. (Sample quote: “Go ahead, keep babbling into the vapors. I’m not out to raise taxes but, for God’s sake, if these dizzy guys can’t figure out that this country…”) And right now, he’s got a job as co-chairman of President Obama’s bipartisan federal debt commission. The guy behind him is Erskine B. Bowles. The guy behind Erskine is Obama. And behind him is Joe Biden. They’re about to do a cakewalk. It should be fun. source
Posted by Ernie Smith • 0 Comments • Permalink

31 Jan 2010 20:25

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U.S.: Our yearly federal budget deficits will get better … eventually

  • $3.8 trillion budget for fiscal 2011, starting in October
  • $1.4+
    trillion     the budget deficit in 2009, which was a record level already
  • $1.6
    trillion     the anticipated budget deficit for 2010, which is an even bigger record
  • $700
    billion     the budget deficit planned by 2013, which is a bit better source
Posted by Ernie Smith • 0 Comments • Permalink

26 Jan 2010 09:56

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U.S.: The ’10 federal deficit: Still huge, but at least it’s sloping downward

  • $1.4T the size of the deficit in 2009; that’s a record
  • $1.3T the estimated size of the deficit in 2010
  • $687B the size of the deficit by year 2020 source
Posted by Ernie Smith • 0 Comments • Permalink

25 Jan 2010 20:44

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U.S.: Frozen like ICE: Obama’s gonna freeze some spending. Whoa!

  • three
    years     amount of time Obama plans to stop growth in domestic spending
  • $250
    billion     amount of money the government would save with the measure source
Posted by Ernie Smith • 0 Comments • Permalink

18 Nov 2009 20:03

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U.S.: The Senate has a big plan for health care – but will it pass?

  • $849 billion the size, over ten years, of the biggest thing that’s getting tea partiers all riled up source
Posted by Ernie Smith • 0 Comments • Permalink
 

25 Aug 2009 20:46

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Biz, U.S.: Congressional Budget Office: That stimulus is helping – at a cost

  • The Congressional Budget Office, which has no ties to the White House, says that the economy will recover in late 2009, which they say is “largely the result of fiscal stimulus.” source
  • Despite that positive development, this negative development should get conservatives in a tizzy. The deficit will reach a record $1.6 trillion. The old belt doesn’t fit anymore. source
Posted by Ernie Smith • 0 Comments • Permalink

21 Aug 2009 18:52

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U.S.: The federal government’s 10-year deficit estimate balloons in size

  • $9
    trillion     the new ten-year estimate for the federal budget deficit; get ready to freak, conservatives source
Posted by Ernie Smith • 0 Comments • Permalink

19 Aug 2009 10:50

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Biz, U.S.: Warren Buffett sez this ballooning federal debt is dangerous

  • Enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects. For now, most of those effects are invisible and could indeed remain latent for a long time. Still, their threat may be as ominous as that posed by the financial crisis itself.
  • Financial smart guy Warren Buffett • Describing why we should be concerned about the high amount of debt currently floating around our economy. He says that we’re in “uncharted territory” and that the effects of the debt could nearly be as bad as the financial crisis itself. Before you discount it, remember that Buffett knows what he’s talking about. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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