Tag Archives: Debt

The ‘Tax Hikes Prevent Job Creation’ Myth

Posted on November 12, 2012 at 9:40 am by Bob Cesca

Annual job creation was higher under the Clinton tax rates: Now, that doesn’t mean there’s a direct correlation between tax rates and job creation. Clearly, though, job creation won’t necessarily be hurt by a return to the Clinton tax rates. … Continue reading →

Posted in Economy | Tagged , , , , | 5 Comments

CFPB: Debt Collectors Are On Notice

Posted on October 25, 2012 at 6:30 pm by JM Ashby

Good news — the Consumer Financial Protection Bureau has announced that it will begin supervising debt collection agencies starting on January 2, 2013. WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) published a rule today that will allow the … Continue reading →

Posted in Justice | Tagged , , , , | 4 Comments

Way Too Many Republicans Don’t Know the Difference Between ‘Deficit’ and ‘Debt’

Posted on October 18, 2012 at 11:12 am by Bob Cesca

It probably doesn’t help that Romney consistently and repeatedly lies when he says, “The president doubled the deficit,” but I’ve had to post the following information in the comments of my column yesterday: 2009 budget deficit – $1.4 trillion 2012 … Continue reading →

Posted in Economy | Tagged , , , | 15 Comments

Tom Brokaw is Worthless

Posted on October 15, 2012 at 12:34 pm by Bob Cesca

Here’s Brokaw on Meet the Press saying the deficit “happened on [Obama's] watch”: This is an abortion of the facts. First, as I’ve been screaming about for months, the president has reduced the deficit by hundreds of billions of dollars … Continue reading →

Posted in Economy | Tagged , , , , | 9 Comments

Mitt Romney’s Secret Plan to Fix the Economy

Posted on October 10, 2012 at 7:09 am by Bob Cesca

My Wednesday column tries to figure out Romney’s secret plan, only to conclude that it’s as ambiguous as Romney himself. Job creation is up. Inflation is down. Business profits are up. Consumer debt is down. American auto sales are up. … Continue reading →

Posted in The Daily Banter | Tagged , , , , , , | 2 Comments

U.S. Debt At Lowest Level Since 2006

Posted on October 9, 2012 at 1:30 pm by JM Ashby

According to a new report from Bloomberg, U.S. debt is now at it’s lowest level since 2006. Total indebtedness including that of federal and state governments and consumers has fallen to 3.29 times gross domestic product, the least since 2006, … Continue reading →

Posted in Economy | Tagged , , , | 9 Comments

Repeat After Me: Obama Cut the Deficit and Slowed Spending to Lowest Level in 50 Years

Posted on October 8, 2012 at 7:15 am by Bob Cesca

My Monday column is an extension of yesterday’s post about the president’s record on the deficit and government spending. Illustrative of his contempt for the truth, Mitt Romney’s campaign website continues to host the following statement: “Since President Obama assumed … Continue reading →

Posted in Election 2012 | Tagged , , , , , | 1 Comment

Repeat This: “Obama Cut the Deficit by $300 Billion.”

Posted on October 7, 2012 at 3:49 pm by Bob Cesca

I know it’s a risk to bring up the deficit when it’s still above one trillion, but considering how Romney has been repeatedly accusing the president of “doubling the deficit,” when in fact the CBO report from Friday proves that … Continue reading →

Posted in Election 2012 | Tagged , , , , , | 18 Comments

Romney’s Plan to Cut Funding for PBS is Insane

Posted on October 6, 2012 at 11:16 am by Bob Cesca

As I’ve noted before, the annual federal subsidy to PBS is $444 million. That’s 0.012% out of an annual $3.5 trillion federal budget. Put another way, let’s say you earn $50,000 per year and you suddenly needed to cut back … Continue reading →

Posted in Election 2012 | Tagged , , , , | 10 Comments

Encore Presentation: “Romney to Cut PBS Funding While Ryan and GOP Protect Big Oil”

Posted on October 5, 2012 at 4:26 pm by Bob Cesca

[The following is a column I wrote on August 17 when Romney opened his attack on PBS funding as a means of cutting the deficit.] It wouldn’t be a presidential election year if the Republican nominee didn’t threaten to cut … Continue reading →

Posted in Election 2012 | Tagged , , , , , , , , | 4 Comments