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Stories Tagged With Deficit

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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 enoug [more] [retweet] [Share] [widget] [share]
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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.  [more] [retweet] [Share] [widget] [share]
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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.  [more] [retweet] [Share] [widget] [share]
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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. [more] [retweet] [Share] [widget] [share]
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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 prog [more] [retweet] [Share] [widget] [share]
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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.  [more] [retweet] [Share] [widget] [share]
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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. [more] [retweet] [Share] [widget] [share]
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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. [more] [retweet] [Share] [widget] [share]
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BELIEVE

DOUBT

5 Pikks

 

30,000 Stimulus Jobs, Many in D.C. Area, Reported

Businesses that received federal contracts from stimulus spending reported creating or saving about 30,000 jobs, according to figures released Thursday. The reports also suggest that the program has been particularly beneficial for the Washington regi [more] [retweet] [Share] [widget] [share]
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SURPRISING

NOT

8 Pikks

 

Your Share of the US Debt

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Your family’s share of the government debt is now over half a million dollars. A record $546,668, to be exact. That cheery Monday stat comes courtesy of a USA Today study, which claims that each American family’s share rose 12% in 2008. That’ [more] [retweet] [Share] [widget] [share]
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MAD

SAD

5 Pikks

 

U.S. Federal Deficit Soars Past Previous Estimates

Deteriorating economic conditions will cause the federal deficit to soar past $1.8 trillion this year and leave the nation wallowing in a sea of red ink far deeper than the White House had previously estimated, congressional budget analysts said today [more] [retweet] [Share] [widget] [share]
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THRIVE

FAIL

28 Pikks

 

Obama to unveil budget plan that cuts deficit in half in 4 years

President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq a [more] [retweet] [Share] [widget] [share]
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