Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $20,352
23%  
Woo hoo!! And the first 23% is in!! Thank you all very much!! God bless.

Keyword: deficits

Brevity: Headers | « Text »
  • Yes, Virginia, You Can Cut Taxes And Deficits At The Same Time — Just Ask The CBO

    07/14/2017 9:03:08 AM PDT · by SeekAndFind · 2 replies
    IBD ^ | 07/14/2017
    Budget: President Trump's budget plan doesn't come close to balancing the books, according to the Congressional Budget Office. But it does cut the deficit in half, even while reducing taxes. The CBO's analysis of Trump's budget says that it would, if enacted, produce a deficit of $720 billion in 2027, not the small surplus Trump claimed. That's what made the headlines. But as if often the case, it's what didn't make the headlines — or get pundit tongues wagging — that matters. In this case, it's the fact that almost the entire difference between the CBO's and Trump's view is...
  • France 'far off course' in efforts to hit deficit targets

    06/29/2017 5:24:05 PM PDT · by Olog-hai · 5 replies
    TheLocal.fr ^ | 29 June 2017 16:31 CEST+02:00 | AFP
    France is set to miss its 2017 deficit target by a wide margin, the country’s public accounts watchdog said on Thursday, predicting the gap between spending and revenue would exceed a eurozone limit of 3 percent of GDP. In the absence of “strong adjustment measures”, the deficit will reach 3.2 percent of GDP, the Court of Auditors said, in a warning to new President Emmanuel Macron, who will produce his first budget in the autumn. The previous Socialist government said it expected the deficit to fall from 3.4 percent last year to 2.8 percent this year, which would have brought...
  • Brownback’s plan to sweep more highway money faces pushback

    02/06/2017 8:07:57 AM PST · by Tolerance Sucks Rocks · 2 replies
    The Wichita Eagle ^ | January 14, 2017 | Dion Lefler and Bryan Lowry
    Larry Hauth has a farm in Coffey County and a daughter in Wichita. Good roads are kind of important to him. So he’s disturbed by the ongoing and accelerating trend of the state taking money out of the highway fund to balance the rest of its budget. “One of the things Kansas has going for it, compared to our surrounding states, is our road system,” Hauth said. “When they built them in years past, they were thinking ahead. I don’t think we’re thinking ahead right now. We’re trying to tread water, at best.” Gov. Sam Brownback wants to take nearly...
  • National Debt On Track To Hit 141% Of GDP As Outlook Worsens -- CBO

    07/13/2016 4:43:28 AM PDT · by IBD editorial writer · 42 replies
    Investor's Business Daily ^ | 7/12/2016 | John Merline
    The nation's long-term fiscal picture has grown considerably more dire over the past year, according to the latest forecast from the nonpartisan Congressional Budget Office, driven mainly by out-of-control spending. The CBO now expects federal debt held by the public to reach 141% of the nation's GDP by 2046, assuming that current policies remain in place. That's up sharply from last year's forecast of 111%, and would be the highest level of debt in the nation's history.
  • House Budget Plan: It’s The Spending, Stupid

    03/17/2016 3:18:26 AM PDT · by IBD editorial writer · 16 replies
    Inestor's Business Daily ^ | 03/16/2016 | Staff
    Fiscal Policy: House Republicans have a budget plan that would balance the budget in 10 years entirely through spending cuts. But it’s not likely to go anywhere because of the $30 billion in extra spending this year.
  • SO YOU DON'T LIKE TRUMP, EH?

    02/20/2016 12:39:01 PM PST · by SatinDoll · 67 replies
    The Market-Ticker ^ | Feb. 20, 2016 | Karl Denninger
    Well then, you must like losing your job to someone in Mexico who will make $3/hour. Union leaders at an air conditioner factory in Indianapolis threatened with losing 1,400 jobs to Mexico said on Tuesday the plants owner expects to pay Mexican workers $3 an hour compared to an average of more than $20 an hour for the U.S. workers. "We have not given up the fight yet," said Chuck Jones, president of the United Steelworkers union local that represents workers at the Carrier Corp plant. "But Carrier has pretty well indicated that the wage differential is too great and...
  • The Obama Debt Tracker: total combined national debt hits $19 trillion for the first time

    02/01/2016 1:25:27 PM PST · by jpl · 27 replies
    The United States Department of the Treasury ^ | Monday February 1, 2016 | The United States Department of the Treasury
    Today, America's national debt hit the staggering total combined amount of $19 trillion. It has been a little over fourteen months since it hit $18 trillion. Since President Barack Hussein Obama was inaugurated into office a little more than seven years ago, he, the democrats, and a few spineless republican "leaders" in congress have increased the total combined national debt by nearly $8.4 trillion: Date                 Debt Held by the Public       Intragovernmental Holdings   Total Public Debt Outstanding 1/20/2009       6,307,310,739,681.66           4,319,566,309,231.42              10,626,877,048,913.08...
  • Obama's Budget Plan: Tax And Spend With A Vengeance

    03/16/2015 4:04:47 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 03/13/2015 | Staff
    Fiscal Policy: When the president released his budget in February, he said it was full of new ideas for the 21st century. But now we know it's just good old tax-and-spend liberalism.
  • Feds Celebrate $3 Trillion Tax Haul; Wallets Weep

    10/17/2014 10:04:15 AM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 10/17/14 | Alan Joel
    Government overspending, gleefully celebrated by record tax collections of your hard earned dollars. The rapacious government needs to be fed. This Washington Times piece did an nice overview of FY2014: The Treasury Department unveiled its Fiscal Year 2014 numbers, which showed that the government’s revenue, for the first time ever, hit the $3 trillion mark. However, the government still overspent its revenues, leaving a $483 billion deficit. Supporters of President Obama are touting the “success” of a $483 billion deficit by pointing out its the lowest deficit since 2008. A “mere” $483 billion deficit is not something to be celebrated....
  • With world economy stuttering, governments urged to open purse

    10/10/2014 8:36:42 PM PDT · by 2ndDivisionVet · 17 replies
    GMA News / Reuters ^ | October 10, 2014 | Howard Schneider and Anna Yukhananov
    World economic leaders are being urged to rally around a plan to let government do what it does best - spend money - in an effort to buoy a global economy that remains slack and slowing. The effort comes as six years of crisis fighting have lapsed with little guarantee the world economy is on a stable footing. Germany is in danger of slipping into recession, China has slowed, and U.S. policymakers are concerned a fresh bout of global weakness will stymie the U.S. recovery as well. International Monetary Fund Managing Director Christine Lagarde issued a blunt call on Thursday...
  • Faltering Obama Still Blaming Messenger

    10/06/2014 11:37:50 AM PDT · by 2ndDivisionVet · 8 replies
    Commentary Magazine ^ | October 2, 2014 | Jonathan S. Tobin
    Fox News may be demolishing its more liberal cable news rivals in the ratings but to Democrats it’s still the bogeyman. That’s why President Obama took the opportunity to criticize the network during a speech defending his economic record at Northwestern University today. But in doing so, the president not only demonstrated the weakness of his position but also why he doesn’t understand Fox’s appeal. During his speech, the president said this about Fox and its audience: A true opposition party should have the courage to lay out their agenda. Hopefully also grounded in facts. There’s a reason fewer Republicans...
  • Deficits Are Scary, But Spending Cuts Are Even Scarier

    07/01/2014 7:30:54 AM PDT · by SeekAndFind · 49 replies
    RCM ^ | 07/01/2014 | Ron Haskins
    It has been clear for at least a year that the focus of the nation on reducing the federal debt has vanished. The speeches of policymakers, the House and Senate legislative agendas, the content of the nation's debate forums, and the rhetoric of President Obama are all virtually silent on the nation's debt. You would think that the debt problem had been solved. But perhaps the most remarkable aspect of the intense, three-year focus on the debt that featured bitter inter-party battles and closing of the federal government while producing several laws that reduced the nation's debt in the short-term,...
  • CBO ON OBAMA BUDGET: HIGHER DEFICITS THAN CLAIMED

    04/17/2014 2:11:18 PM PDT · by Jim Robinson · 13 replies
    Breitbart ^ | April 17, 2014 | AP
    WASHINGTON (AP) — A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama's budget request would mean significantly larger budget deficits than the White House claims. CBO says the budget plan proposed last month by Obama would produce deficits of $6.6 trillion over the next 10 years — $1.6 trillion more than the White House estimates. The main reason is that the White House has a rosier estimate of the economy's performance over the decade than CBO. That means the administration predicts higher tax revenues. The president's budget is just a proposal; it has gained little...
  • Chicago May Double Property Taxes to Pay for Pensions

    03/18/2014 12:30:48 PM PDT · by John Semmens · 26 replies
    Semi-News/Semi-Satire ^ | 14 March 2014 | John Semmens
    With pensions for retired municipal employees exceeding City resources by an estimated $7,000 per household, Mayor Rahm Emanuel has warned residents that he may have to double their property taxes to cover these costs. The mayor admitted that “doubling the property tax would hit a lot of people hard, but the alternative of cutting back on the benefits we pay to our retirees is unthinkable. Remember, these are people who have dedicated their careers to serving the citizens of this city.” Emanuel argued that “extracting another few thousand dollars from each home owner seems the more tolerable option. I mean,...
  • Under Obama: Disability Trust Fund Runs Record 5 Straight Years of Deficits

    11/21/2013 8:54:50 PM PST · by Olog-hai · 8 replies
    Cybercast News Service ^ | November 21, 2013 - 10:23 AM | Terence P. Jeffrey
    In the fourteen fiscal years that preceded President Barack Obama’s inauguration in 2009, the tax receipts coming into the federal government’s Disability Insurance Trust Fund exceeded the benefits paid out, and the trust fund ran a surplus. In each of the five fiscal years Obama has served as president, the trust fund has run a deficit as the number of people receiving disability benefits has surged. The Disability Insurance Trust Fund has never before run five straight years of deficits. In fiscal 2013, which ended on Sept. 30, the Disability Insurance Trust Fund ran a record deficit of $31.494 billion,...
  • Obama's Latest Gaffe: 'Like Eating Your Corn Seed'

    08/23/2013 11:12:00 AM PDT · by governsleastgovernsbest · 91 replies
    NewsBusters ^ | Mark Finkelstein
    Somebody should tell President Obama to forget the folksy metaphors. The prez sounds phony mouthing them, and since they are unfamiliar to him, he's apt to get them wrong. As was the case at today's townhall at Binghamton University, when Obama claimed that reducing spending on government programs would be "like eating your corn seed." You might have thought the man from Illinois would have known that the phrase is "eating your seed corn." Then again, they don't raise much maize in Hyde Park. For good measure, Obama assured the audience that "we don't have an urgent deficit crisis." Let...
  • Detroit Shows How ObamaCare Will Bankrupt the Country

    07/30/2013 5:42:43 AM PDT · by IBD editorial writer · 11 replies
    Investor's Business Daily ^ | 07/29/2103 | IBD Staff
    Cost-Shifting: Looks like Detroit might get a federal bailout after all, by offloading its retiree health costs onto federal taxpayers via ObamaCare. It's a window into why Obama-Care costs will quickly spiral out of control. On Sunday, the New York Times noted that Detroit hopes to push its younger retirees who aren't yet eligible for Medicare into the ObamaCare exchanges, where many will be eligible for subsidized insurance. Federal tax payers will pick up the tab, rather than those in Detroit.
  • ObamaCare Will Add To Deficits In First 10 Years

    07/12/2013 5:09:39 AM PDT · by IBD editorial writer · 4 replies
    Investor's Business Daily ^ | 07/12/2013 | John Merline
    In September 2009, President Obama promised the country that "I will not sign a plan that adds one dime to our deficits — either now or in the future." But it turns out Obama did sign such a plan — in fact, ObamaCare could add upwards of 180 billion dimes to the deficit in its first 10 years, an IBD analysis of various official budget reports found. According to the Congressional Budget Office's initial forecast made in March 2010, ObamaCare was supposed to cut the deficit a total of $124 billion in its first decade. Democrats seized on this to...
  • CBO: Obama Vastly Exaggerated Deficit Cuts In Budget

    05/17/2013 3:00:53 PM PDT · by IBD editorial writer · 3 replies
    Investor's Business Daily ^ | 05/17/2013 | John Merline
    President Obama vastly exaggerated the spending cuts and deficit reduction his budget plan would produce, while dramatically undercounting the level of tax hikes, according to a Congressional Budget Office analysis of his budget released Friday. When Obama put out his budget in mid-April he said that it "will reduce our deficits by nearly another $2 trillion," and "does so in a balanced and responsible way, a way that most Americans prefer." But the CBO report finds that Obama´s budget will cut 10-year deficits by just $1.1 trillion, with annual deficits starting to rise again after 2017.
  • Address Medicaid’s Looming LTC Crisis

    04/29/2013 8:45:00 AM PDT · by April29 · 4 replies
    Townhall ^ | April 28 | Boustany, Blackburn, Gingrey
    States also struggle as increased Medicaid spending crowds out other budget priorities, and they blame federal rules, allowing individuals with substantial assets to enroll in this welfare program. In a letter to Congress, the State of Virginia writes “the federal government should give states greater flexibility to consider assets when determining eligibility for LTC coverage through the Medicaid program.” The State of Wisconsin agrees this will “help ensure the long-term sustainability of such programs for their residents in most need of government assistance.” Federal rules force states to disregard more than a half million dollars in home equity and the...