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Stories Tagged With Deficit

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STIMULUS

DEFICIT

10 Pikks

Obama: more stimulus, G20: reduce deficits, which do you prefer?

The president's remarks tempered the Group of 20's headline achievement at the summit, a deficit-reduction target that had been pushed by Canadian Prime Minister Stephen Harper, the host of the meeting and a fiscal conservative. Although there is broad agreement that government debt in the developed world needs to be reduced, there is concern that cutting too fast and too deeply will slow growth and possibly spark a new recession.
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1 comment (last by randyc)
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WORKED

FAILED

14 Pikks

Did the stimulus work or fail?

A multiple choice question for you: Did the stimulus a) work; b) fail; c) end up locked in an unexpected battle with the massive anti-stimulus that's ripped through the states?
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APPROVE

OBJECT

5 Pikks

Republicans seek pay freeze for federal workers

In the past month, congressional Republicans have tried to attach to several bills language that would limit pay increases for federal workers. This week, as part of a GOP amendment to a Democratic bill that would spend billions on unemployment benefits and help states fund their Medicaid programs, Senate Republicans are including a proposal that would freeze pay levels for the 2 million people who work for the government.
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MAD

SAD

7 Pikks

Washington will collect $18K, spend $31K per household this year

The remaining $13,130 represents this year's staggering budget deficit per household, which, along with all prior government debt, will be dumped in the laps of our children.
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2 comments (last by bowlofsoup)
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HUGE

MINOR

6 Pikks

Obama signs ‘pay as you go’ legislation into law

the president praised so-called "pay as you go" legislation that he has just signed into law and that prevents Congress from approving new spending unless it is offset by budgetary cuts elsewhere. But Obama said this measure alone will not be enough. He recalled that this year he had proposed another 20 billion dollars in budget cuts and called for a freeze in government spending for three years.
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BELIEVE

DOUBT

7 Pikks

It's Now Mathematically Impossible To Pay Off U.S. National Debt

he U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt.
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3 comments (last by bowlofsoup)
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YES

NO

7 Pikks

SOTU 6: Deficit commission by executive order

Using an executive order to create a federal debt commission.
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WORRY

RELAX

5 Pikks

U.S. faces fiscal crisis with $12 trillion debt

WASHINGTON — After $787 billion in stimulus spending and $700 billion in bank bailouts, 2010 is fast shaping up to be the year of the federal budget diet.
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APPROVE

OBJECT

10 Pikks

Merry Christmas! Senate raised debt limit by $290B last night

Senators voted 60 to 39 to raise the federal debt ceiling by $290 billion, to $12.4 trillion. That will be enough, once President Obama signs the measure into law, to allow the Treasury Department to borrow money to fund government operations and programs until mid-February.
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APPROVE

OBJECT

5 Pikks

Senate passes $1.1 trillion spending measure

Republicans say the increases are excessive and will burden the economy with more debt. They pointed to an estimated $3.9 billion in the bill for more than 5,000 local projects sought by individual lawmakers from both parties.
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APPROVE

OBJECT

6 Pikks

Pelosi to include raising the debt ceiling in defense bill

House Speaker Nancy Pelosi (D-Calif.) said Thursday that she would include legislation to raise the debt ceiling in a must-pass defense spending bill headed to the floor of her chamber next week.
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DEMOCRAT

REPUBLICAN

6 Pikks

U.S. National Debt Graph: Since Great Depression

So, which political party really causes our debt to rise? Check the graph and then decide all over again.
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