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Posts Tagged ‘ Federal Spending ’
Why Bernanke has Failed, and Will Continue to Fail
Ben Bernanke's zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C...
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Will "Tax the Rich" Solve Our Deficit/Spending Crisis?
If we look at tax revenues and income in a practical way, we find "tax the rich" will not close the widening $1.5 trillion gap between Federal revenues and spending.
Clearly, $1.5 trillion annual Federal deficits to fund the Status Quo--fully 10% ...
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Ron Paul: DC Miser, Galveston Porkmeister
On a gritty street in Galveston, Texas, a few blocks from the Gulf of Mexico, stands a prime example of the largesse of Republican Rep. Ron Paul. Workers here are putting the finishing touches on a new home, one of about 180 that will be built, at t...
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Tough Calculus as Technical Schools Face Deep Cuts
July 9, 2011
Tough Calculus as Technical Schools Face Deep Cuts
By MOTOKO RICH
GREENSBORO, N.C. —
Now, federal funding to provide such vocational and technical education is at risk. President Obama has instead made it a priority to raise overall ac...
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Things Could Get Ugly as Debt Cloud Grows
Investors, already worried about the struggling economy, will be biting their fingernails as they wait to see whether the U.S. government will default on some of its obligations.
...
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Taking Away The Punchbowl
Whenever I unleash a tirade at home about how Federal spending has leaped 40% in three years and how the government is now borrowing 42% of its spending, my wife points out that nobody cares because the deficit doesn't impact them at all. This alwa...
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GOP Spending Cuts Fuel Readers’ Federal Debt Debate
Proposals for how to fix the U.S. government's spiraling federal budget deficit have led to little more than political gridlock and public frustration.
But House Republicans aimed to make progress last week. They released an ambitious 2012 budget plan on April 5, setting the stage for heated debate with...
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Looming U.S. Government Shutdown Sign of Future Financial Crisis
Washington for months has been tangled in a messy political debate over the 2011 federal budget. The newest deadline to reach a budget deal - April 8 - is just a couple of days away.
The phrase "government shutdown" is being used with increasing frequency.
Temporary funding measures have...
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Skunked!
Skunked
Medicare, Medicaid and Social Security now account for 44% of total federal spending and are steadily rising.Previous Congresses (and Administrations) have relied on the assumption...
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GOP spending cuts would hit economy hard
GOP spending cuts would hit economy hard
By Jeanne Sahadi, senior writerFebruary 23, 2011: 6:38 PM ET
NEW YORK (CNNMoney) -- The more federal spending Congress slashes this year, the greater the potential drag on economic growth, according to a new a...
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Poll: Public strongly oppoes debt ceiling hike
Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase
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GOP’s budget ideas leaking out: Gut NIH and college loan funding…
No wonder they're keeping quiet about this. The GOP has been promising to walk in & cut federal spending by 100 billion, but has kept mum on the details. Turns out no cuts in a the military budget, which is equal to what the rest of the world spends ...
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Fumes and False Premises
The gang in Washington and on Liberty Street is either very good or very lucky. The Treasury managed to dump $71 billion in new paper on the market this week, including $62 billion in intermediate and long term paper, without crushing either the Treasury market or stocks. It was truly a bravura performance. But...
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