Posts Tagged ‘deficit’

Fmr. Obama Treasury Counselor Rattner: ‘It’s Time to Start Dealing with the Deficit’ to Fight Inflation

On Wednesday’s broadcast of MSNBC’s “Morning Joe,” MSNBC Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said we need to “start dealing with the deficit as part of trying to bring down

Economic Restructuring, Democratic Deficit and Locking Down Liberty

Platitudes about “individual responsibility” and “standing on your own two feet”. A relentless ideological attack on the state and collective responsibility. The doctrine of “no such thing as society” Thatcherism.Remember how the notion of freedom was spun by the ideologues of neoliberalism for decades prior to COVID? The freedom to consume. The freedom to make money. The freedom to […]

‘Never Been Weaker’: U.S. Trade Deficit ‘Mushroomed to a Record’ in November

The U.S. trade deficit, wherein the cost of imported goods exceeds the value of exported goods, “mushroomed to a record in November” and will likely continue for the duration of the coronavirus pandemic. The widened gap comes one month after the value of exports had a “historic gain” just one month prior in October, according […]

CBO: Build Back Better Act Adds $750 Billion to Deficit over Five Years

The Congressional Budget Office (CBO) found Thursday that the Democrats’ mammoth legislation would cost $750 billion over five years. The CBO found that the Build Back Better Act would add $367 billion to the deficit; the Democrats’ official price tag is $1.75 trillion. President Joe Biden and other Democrats have claimed the bill would cost […]

Americans Poorly Informed on Deficit, Police Shootings, Health Insurance Coverage, Poll Shows

Americans had trouble picking the right answer on several politically salient topics, a poll of likely voters has shown. Supporters of President Joe Biden were wrong more often compared to those who disapproved of the president, though on no question did a majority of respondents answer correctly. Less than one in five of those approving […]

Sweden sees sperm deficit as COVID pandemic deters donors

Health professionals in Sweden are sounding the alarm over concerns of a sperm donation shortage spurred by the coronavirus pandemic. With sperm donors deterred from travelling to hospitals during the pandemic, doctors at public fertility clinics say the worsening shortage could result in years-long delays for assisted pregnancy treatments. “Because of the pandemic, many [men] […]

Federal Taxes, Spending and Deficit All Set Records Through February

Via: CNS News: Federal taxes, federal spending and the federal deficit all set records in the first five months of fiscal 2021 (October through February), according to the Monthly Treasury Statement released today. This is the first time that the federal deficit has ever exceeded a trillion dollars in the first five months of the fiscal […]

Israel Sees $50.4 Billion Budget Deficit In 2020 — Largest In History

Israel’s budget deficit for the year 2020 was its highest ever, at NIS 160.3 billion ($50.4 billion), or 11.7 percent of its GDP, the Finance Ministry said Monday. The huge deficit — some three times higher than that of 2019 — was expected, due to the severe economic effects of the coronavirus pandemic. Percentage-wise, the […]

Israel has bigger issue than record deficit in state coffers

If Israel’s credit rating is lowered, it won’t be because of the deficit, but because the government has no economic plan and never passed a budget

Dem Rep. Pressley on Coronavirus Relief: ‘If They Can Approve a $740 Billion NDAA, I Don’t Want to Hear About a Deficit’

During an appearance on MSNBC’s “The ReidOut,” Rep. Ayanna Pressley (D-MA), a member of the so-called “Squad,” slammed Republicans for opposing additional COVID-19 relief measures in the name of fiscal responsibility. Pressley called that opposition “corrupt” and “cruel,” adding that Congress was able to National Defense Authorization Act with a price tag of $740 billion. “It […]

A Public Beauty Deficit

By Henry Dampier When you travel in European cities that are older than modernity, and contrast them with modern cities, the difference in both scale and in public decoration is stark. In modern cities, the trend is to have no recognizable human features to any of the buildings or public decorations. Where there is representational […]

Finnish parliament debate ditching euro to revive economy

     Finland has been discussing whether to leave the euro over growing frustration at the poor state of the country’s economy and high unemployment. The motion was discussed in parliament after a petition gathered more than 50,000 signatures. While the debate is unlikely to see Finland depart the single currency, it does show a general […]

Pollard and the Poisonous “Ally” Israel

The official and ecstatic Israeli welcome given to Jewish spy Jonathan Pollard’s release has definitively revealed the hate-filled attitude of the Jewish state toward America—and how poisonous the US’s supposed “best ally in the Middle East” actually is. Israeli Prime Minister Benjamin Netanyahu hailed Pollard’s release, saying that he had “longed for this day. […]

US military revolt against Obama’s decision to “support Al Qaeda in Syria

A military revolt against the plan of the Obama administration to launch a potentially disastrous attack against Syria is gathering pace, with two senior officers and members of scheduled services who express their vehement opposition to what the United States s ‘entangled in the conflict. The reaction began to spread on social media yesterday with […]

Greece To Miss Budget Deficit Targets, As Usual, While Qatar Prepares A Bailout Pennies-For-Gold Swap

Zero Hedge Oct 3, 2011 As the Greek parliament meets to finalize huge public sector job cuts, Reuters is reporting that Greece will miss the deficit targets set in its EU/IMF bailout this year and next… We would say “again” but at this point “as usual” makes far more sense, Why this should come as a […]

Democrats push tax hikes first in deficit talks

Richard Cowan and Tim Reid Reuters Oct 2, 2011 Democrats want tax hikes to be the first item negotiated in “super committee” deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by Democratic members of the powerful 12-member congressional panel […]

Obama-Style Deficit Reduction

by Stephen Lendman   On September 8, Obama’s “American Jobs Act” address to Congress was a thinly veiled campaign speech. More on it below. On September 19 came Act Two to enlist support for “Living Within Our Means and Investing in Our Future” by cutting $4 trillion over 10 years (for starters with more to […]

Obama Vows Veto if Deficit Plan Has No Tax Increases

HELENE COOPERNY Times sept 19, 2011 WASHINGTON — President Obama called on Monday for Congress to adopt his “balanced” plan combining entitlement cuts, tax increases and war savings to reduce the federal deficit by more than $3 trillion over the next 10 years, and said he would veto any approach that relied solely on spending reductions […]

Obama backs off Social Security cuts in deficit plan

  Reuters September 16, 2011 President Barack Obama, yielding to pressure from his political base, has backed off a proposal to reform Social Security retirement benefits in a high-stakes deficits deal Congress needs to reach this year. The Democratic president upset many core supporters in July when he considered changing how the popular pension funds […]

Deficit reduction Super Committee already bought and paid for

J. D. HeyesNatural News Aug 23, 2011 There are 12 lawmakers (six Democrats and six Republicans ) who have been named to the debt reduction “Super Committee” in Congress, tasked with finding an additional $1.2 trillion in spending cuts from the federal budget over the next decade. Talking heads say their job will be tough because […]

The budget deficit debate by the “Gang of Twelve” should be comical at best

by Ed Mattson   Those politicians who got the country into this mess are going to try to bamboozle the citizens into believing that they are going to “fix” the problems. From my medical experience, we don’t normally “fix” a sick patient, and the US is certainly a sick patient. The last time I looked, […]

Common Sense Solutions to Budget Cut and Deficit Problem

by Ed Mattson   Monday I discussed a common-sense approach to making budget cuts to a bloated federal budget. The approach is tried, tested, and proven throughout the private sector where businesses either cut budgets in challenging economic times or go down in a Darwinian flame while their competitors survive. Governments never seem to learn […]

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