Tag Archives: Deficit

Nice Things And Why We Can’t Have Them

Posted on February 25, 2013 at 3:30 pm by JM Ashby

The federal deficit has been reduced during every fiscal year since President Obama took office beginning with fiscal 2010, but you wouldn’t know it if you asked the average American. via Steve Benen A 62% majority believe the deficit is … Continue reading →
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Posted in Poll, President Obama | Tagged , , | 5 Comments

A Time That Never Existed

Posted on February 15, 2013 at 8:00 pm by JM Ashby

Artist – Tim Eagan Here’s a supercut of last night’s meteor impact for all of your disaster-porn viewing needs on this Friday night. The current number of people injured by the impact stands at 1,100 with no confirmed deaths. Continue reading →
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Posted in Open Thread | Tagged , , , | 2 Comments

Out of Control Spending!

Posted on February 5, 2013 at 5:00 pm by JM Ashby

Well, not really. According to the Congressional Budget Office, the federal government is projected to run a deficit of just $845 billion in 2013. Furthermore, the deficit in 2014 may be as low as $616 billion. The federal government will … Continue reading →
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Posted in Economy | Tagged , , | Leave a comment

From the Loopy Old Man News Desk…

Posted on January 7, 2013 at 9:39 am by Bob Cesca

Alan Simpson stated the semi-obvious over the weekend: that the fiscal cliff deal isn’t really a huge deficit-cutting measure. “This thing isn’t going to do anything, really,” Simpson said Sunday on “Meet the Press.” He said tackling the deficit will … Continue reading →

Posted in Economy | Tagged , , , | 4 Comments

About that $4 Trillion Deficit

Posted on January 3, 2013 at 11:54 am by Bob Cesca

A quick word about this: The CBO determined Tuesday that the package, hammered out late Monday evening by Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.), would — over the next decade — come with a $3.9 trillion … Continue reading →

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

The Latest Fiscal Cliff Rumor

Posted on December 18, 2012 at 9:14 am by Bob Cesca

In case you’re following the rumors and trial balloons that are leaking out of the fiscal cliff negotiations, here’s the newest one: The details, via a source familiar with the negotiations, include: a movement on revenue demands to $1.2 trillion … Continue reading →

Posted in Economy | Tagged , , , , | 6 Comments

Americans Are Frighteningly Clueless on the Deficit

Posted on December 5, 2012 at 11:35 am by Bob Cesca

I blame the media for the results of this poll showing that people don’t understand the fiscal cliff or the deficit. In my experience, they’re far more clueless on the deficit and don’t know the difference between the deficit and … Continue reading →

Posted in Economy | Tagged , , , | 14 Comments

Understanding the Fiscal Cliff in 2 Minutes and 30 Seconds

Posted on December 4, 2012 at 12:46 pm by Bob Cesca

Robert Reich with the public service: Regarding the Democrats and not backing down, so far so good.

Posted in Economy | Tagged , , , , , , , | 1 Comment

Republicans Reject White House Fiscal Cliff Offer

Posted on November 30, 2012 at 8:28 am by Bob Cesca

I’ve been laying off the fiscal cliff talk lately because it’s difficult to know what exactly is happening behind the scenes. Specifically, there’s no accurate way of telling what’s serious and what’s a ploy. But this is for real: Republicans … Continue reading →

Posted in Economy | Tagged , , , | 2 Comments

Framework for the Fiscal Cliff Deal

Posted on November 21, 2012 at 2:16 pm by Bob Cesca

Ezra Klein heard that lawmakers and the White House will have a deal to avoid the fiscal cliff by December 21. Here’s how it’s shaping up: December 21st, people keep saying. We’ll have a deal by December 21st… Here’s how … Continue reading →

Posted in Economy | Tagged , , , , , | 7 Comments