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Keyword: ceiling

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  • David Stockman: National Debt is Ticking Time Bomb (Video -$20 Trillion Debt Ceiling)

    11/12/2016 7:14:14 AM PST · by Son House · 33 replies
    Wall Street Week ^ | Nov. 11, 2016 | Gary Kaminski and Anthony Scaramucci
    Former Reagan Budget Director David Stockman on the need to rein in America's mounting debt. "We'll hit the next recession with nothing to break the fall." On the GDP, "The growth in the baseline is totally unrealistic." Stockman also discusses a new Federal Reserve Chief, "Get the Keynesian money-printers out".
  • Donald Trump Would Be Easy To Stop Under Democratic Rules

    03/07/2016 4:49:33 PM PST · by ObamahatesPACoal · 20 replies
    http://fivethirtyeight.com ^ | Mar 7, 2016 | Nate Silver
    The other Republican candidates’ chances of stopping Donald Trump look marginally better today than they did on Friday. Trump won just two of five contests over the weekend and only 30 percent of delegates. Trump remains the front-runner, however, having won 43 percent of the delegates overall among the 20 states and territories to have voted so far. Although that’s short of a majority, Trump will have a chance to improve on his pace as the calendar turns toward states that have more aggressive delegate allocation methods — especially winner-take-all Florida and Ohio, which vote March 15. If Trump wins...
  • UN report (quietly) raises ceiling for greenhouse gas pollution

    11/06/2015 2:36:39 PM PST · by NormsRevenge · 7 replies
    Yahoo News ^ | 11/6/15 | Karl Ritter - AP
    STOCKHOLM (AP) - The U.N.'s environmental authority has quietly raised its assessment of the level at which global greenhouse gas emissions must peak to avoid dangerous climate change, as governments seek a new accord to fight global warming. In its first four annual emissions reports in 2010-2013, the United Nations Environment Program said emissions must not exceed 44 billion tons in 2020 for the world to limit global warming to 2 degrees C (3.6 degrees F).
  • Nurses Union: Duncan Not Put In Isolation, Waste Piled Nearly Up to Ceiling

    10/14/2014 9:15:46 PM PDT · by sheikdetailfeather · 133 replies
    CNN News via Breitbart TV ^ | 14 Oct 2014, 8:15 PM PDT
    CNN Chief Medical Correspondent Dr. Sanjay Gupta reported on further allegations made by a nurses union that Dallas Ebola patient Thomas Eric Duncan was not put into isolation, allowed his blood to circulate through the hospital’s tube system, and that waste “piled up nearly to the ceiling” inside patient’s rooms on Tuesday’s “CNN Tonight.” Gupta said that the National Nurses United stated that they were informed by nurses that “Mr. Duncan was not in isolation. He was not in isolation for several hours, despite the fact that a nursing supervisor asked that he go into isolation, and that he may...
  • Debt Ceiling

    03/22/2014 2:43:43 PM PDT · by MosesKnows · 4 replies
    3/22/2014 | MosesKnows
    Debt Ceiling I hear reference to the number of debt ceiling increases as the main factor when comparing presidents. I usually hear that Reagan raised the debt 18 timed. A little research at the Office of Management and Budget web site reveals this is true. The debt ceiling spreadsheet data is from 1940 to the present. I did infer the following from Table 7.3, Statutory Limits on Federal Debt 1940-Current. President Reaganapproved of increasing the debt ceiling 18 times for a total increase of $684.4 Billion, $684,400,000, $684.4 thousand million. President George H.W. Bush approved of increasing the debt ceiling...
  • Obama signs increase in U.S. debt ceiling (thru March 2015)

    02/15/2014 6:56:11 PM PST · by NormsRevenge · 27 replies
    Reuters on Yahoo ^ | 2/15/14 | Steve Holland - Reuters
    RANCHO MIRAGE, California (Reuters) - President Barack Obama signed legislation on Saturday that raises the U.S. debt limit through March 2015, taking the politically volatile issue off the table with congressional elections coming up this November. Without an increase in the statutory debt limit, the U.S. government would have soon defaulted on some of its obligations and would have had to shut down some programs, an historic event that would have caused severe market turmoil. On a long holiday weekend in a desert resort area in southern California, Obama put his signature on the legislation without fanfare, while behind closed...
  • The Word That Changed the Debt Ceiling Debate ("Default")

    02/12/2014 5:06:51 PM PST · by Timber Rattler · 5 replies
    Politico ^ | February 11, 2014 | DOUG HATTAWAY and STEVE PIERCE
    When Treasury Secretary Jack Lew recently gave notice that the federal government would once again hit the debt ceiling in February, the response from congressional Republicans—who twice took the nation to the brink of default—was decidedly muted. The official line? “We believe that defaulting on our debt is the wrong thing,” says House Speaker John Boehner (R-Ohio). “We don’t want to do that.” On Tuesday, the House duly voted to raise the debt limit without conditions, sending the action over to the Senate. This move represents a 180-degree turn from the previous strategy of trying to extract concessions from Democrats...
  • House passes debt-ceiling increase with no add-ons

    02/11/2014 2:35:53 PM PST · by Red in Blue PA · 206 replies
    This is a developing news story. An earlier version of the article follows: House GOP leaders announced Tuesday they will advance this week an increase in the government's borrowing cap that's free of any add-ons. A vote is scheduled for Tuesday night because of the threat of a winter storm. House Speaker John Boehner announced the plan after a poll of the Republican rank and file failed to show enough support for a plan to tie the hike in the debt limit to a plan to reverse a recently passed cut to military pensions. The Ohio Republican said he expected...
  • US to get approximately $17.2T debt limit Friday

    02/07/2014 11:13:26 AM PST · by mdittmar · 22 replies
    ABC News ^ | February 7, 2014 | ANDREW TAYLOR Associated Press
    The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis. The new cap on borrowing is expected to be about $17.2 trillion. It means Treasury Secretary Jacob Lew will have to employ bookkeeping maneuvers to keep the government functioning until Congress further raises the borrowing limit. Lew warns he has less maneuvering room now than he had last year, when such "extraordinary measures" bought five months of time for the government to keep borrowing while at the previous $16.7 trillion debt ceiling. Lawmakers temporarily suspended the borrowing limit...
  • US deficit to drop to $514B, lowest of Obama years

    02/04/2014 9:42:18 AM PST · by ColdOne · 23 replies
    cnsnews.com ^ | 2/4/14 | ANDREW TAYLOR,Ap
    WASHINGTON (AP) — The U.S. budget deficit is set to fall to $514 billion this year, down substantially from last year and the lowest level by far since President Barack Obama took office five years ago, a congressional report said Tuesday. The Congressional Budget Office credits higher tax revenues from the rebounding economy and sharp curbs on agency spending as the chief reason for the deficit's short-term decline. But the budget experts see the long-term deficit picture worsening by about $100 billion a year through the end of the decade because of slower growth in the economy than they had...
  • CNN/ORC Poll: Debt Ceiling blame game. Majority will blame Republicans if debt ceiling not raised.

    02/04/2014 9:24:42 AM PST · by SeekAndFind · 23 replies
    More Americans would blame Republicans in Congress than President Barack Obama if the nation's debt ceiling is not raised, according to a new national poll. The release of the CNN/ORC International survey on Monday came as Treasury Secretary Jack Lew issued yet another public warning to Congress to act quickly to extend the nation's borrowing authority. Fifty-four percent of those questioned say they would blame the GOP in Congress if the debt ceiling isn't raised, with 29% saying they'd hold the President more responsible. Twelve percent say they'd point fingers at both sides. The numbers are little changed from last...
  • Countdown: US Hits Debt Ceiling in 84 Days

    11/16/2013 4:15:22 AM PST · by stevie_d_64 · 22 replies
    Breitbart ^ | November 15, 2013 | Mike Flynn
    Twelve weeks from today, the US government will hit its borrowing limit. When Congress lifted the debt ceiling last month, for the first time ever, it pegged the increase to a specific date, rather than a dollar amount. The current borrowing authority expires in just 84 days, on February 7th.
  • There’s no actual debt ceiling right now

    10/17/2013 2:21:46 PM PDT · by servo1969 · 13 replies
    The Daily Caller ^ | 10-17-2013 | Alex Pappas
    There’s no actual debt ceiling right now. The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just temporarily suspends enforcement of it. That means Americans have no idea how much debt their government is going to rack up between now and Feb. 7, when the limits are supposed to go back into place and will have to be raised. There is no dollar amount set for how much debt the government can accumulate between now and then. The suspension strategy...
  • Looking to make a 1 page, 2 sided flyer on the debt/debt ceiling...

    10/16/2013 8:19:20 AM PDT · by TurboZamboni · 7 replies
    muhself ^ | 10-16-13 | TZ
    any suggestions? my idea was to use Dem quotes, who made the quote, where and the date on page one and fun debt facts on the reverse side. put your suggestions and fun facts below...no internet links please-this is for print only . I plan to leave them at places where people sit alone and think- bathrooms, bus stops, etc.
  • Why Refusing to Raise the Debt Ceiling Will Not Result in Default on American Debt

    10/15/2013 1:30:10 PM PDT · by honestabe010 · 7 replies
    Red Dirt Report ^ | October 15, 2013 | Brian Woodward
    The media, members of Congress, and the President of the United States have gleefully disseminated misinformation about what would happen if we do not raise the debt ceiling by October 17th. The biggest blow these lies encountered was when Moody’s, one of the nation's top credit rating agencies, released a memo on October 7th stating: “We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact...The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit...
  • Gov't Default Concerns Overblown, But Sing Along With The "Raise The Debt Ceiling" Rap

    10/15/2013 12:34:14 PM PDT · by whitedog57
    Confounded Interest ^ | 10/15/2013 | Anthony B. Sanders
    While the media and Democrats scream about the Titanic sinking of government default, there is scant evidence in financial markets of it. Here are two curves as of 1pm EST, the US Treasury yield curve and the US credit default swaps curve. The Treasury curve is upward sloping while the CDS curve is downward sloping. Actually, the CDS curve has an inverted hump. ustcdes1015E It does look like a bomb crater rather than a typical CDS curve. If we look at 1 month ago, we see an upward sloping CDS curve. 1moyccds And if we compare the current curves compared...
  • Congressman: 'Constitutional Crisis' if GOP Caves on Debt Ceiling

    10/15/2013 10:34:02 AM PDT · by 11th_VA · 62 replies
    http://www.breitbart.com/Big-Go ^ | 15 October 2013 | Matthew Boyle
    On the House floor on Monday, Rep. Tom McClintock (R-CA) argued that President Barack Obama’s activities during the government shutdown over Obamacare are a sign to him that Obama would act nefariously to attack the full faith and credit of the United States of America by taking the country into a default in a debt ceiling crisis if the president does not get everything he wants in negotiations. “Given the ruthless and vindictive way the shutdown has been handled, I now believe that this president would willfully act to destroy the full faith and credit of the United States unless...
  • How would Donald Trump negotiate a debt ceiling deal?

    10/14/2013 6:41:47 AM PDT · by sheikdetailfeather · 24 replies
    Fox News ^ | Oct 14, 2013 | Fox & Friends
    The Donald weighs in
  • Isn't not raising the debt ceiling the same as spending cuts?

    10/14/2013 4:40:56 AM PDT · by Usagi_yo · 13 replies
    10/14/13 | Vanity
    I don't understand how not increasing the debt ceiling is going to cause a default. Defaults come from not paying debt. Besides, borrowing money to pay money owed is not a good budget plan. Can't the GOP pass a bill releasing the funds to pay our debt while holding back the debt ceiling increase .... wouldn't that amount to a spending cuts and can't we capitalize on that?
  • Debt Nation: Consumer Debt Tops Record $3.04 Trillion, But Money Multiplier/Velocity Decline

    10/13/2013 12:33:20 PM PDT · by whitedog57 · 12 replies
    Confounded Interest ^ | 10/13/2013 | Anthony B. Sanders
    According to The Federal Reserve G.19 Report for August, consumer debt topped $3 trillion! Of course, Federal government debt has topped $16 trillion, over 5 times the amount of consumer debt. Note that pickup in Federal debt growth compared to consumer debt growth after Q2 2008 (red box). feddebtconsumer Here is a chart of revolving consumer credit versus non-revolving credit. Non-revolving debt (e.g., auto loans) have effectively replaced revolving debt. revnonrev Business loans have finally grown past the prior peak in 2008. frbusloasn On the government side, current expenditures (purple line) continue to grow, but the rate of growth flattened...