Congressional study warns of dire US debt outlook (via AFP) US debt is on track to double the size of the entire economy in the…
CBO warns of US falling off ‘fiscal cliff’
[img]http://l.yimg.com/bt/api/res/1.2/oXh_6AJBHy_uEbdrklkymA–/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9Mjg-/http://l.yimg.com/os/152/2012/04/21/image001-png_162613.png[/img]By ANDREW TAYLOR | Asso…
When the federal government guarantees a student loan, that loan is subject to accounting treatment that was established by the 1990 Fair Credit and Reporting Act (FCRA). It should come as no surprise that the FCRA methodology is not “fair” at all….
Three weeks ago (Link) I put on a short EURUSD position at 1.3115. It worked for a few hours, and then went south. I sucked wind and damn near got to where I had to cut it at a loss. Today the market got back to where I entered, so I dumped it. While I…
I look at the political landscape and conclude that we’ve got more of the same in front of us. I think Obama will win, and the Republicans will control the legislative side. For the sake of this discussion, assume that is how it works out.
As of …
Sunday, July 17, 2011
U.S. Government Receipts as Percent of GDP
by CalculatedRisk
on 7/17/2011 05:05:00 PM
Several readers have asked me for source data on U.S. government receipts and outlays. I’ve also been asked if receipts are really near a re…
The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis.
In January 2001, with the budget balanced and clear sailing ahead, the Congressional Budget Office forecast ever-larger annual surpluses indefinitely. The ou…
CBO Has Started Weighing Benefits Of Bankruptcy Or Default For Local Governments
The Congressional Budget Office is warning about the fiscal stress faced by local government. This chart shows how much revenues are down.
More stress is expected …