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Keyword: fiscalpolicy

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  • California's Real Debt Is $1.3-Trillion

    01/12/2017 3:46:53 PM PST · by SeanG200 · 15 replies
    YouTube ^ | Jan 12, 2017 | John and Ken
    John and Ken speak to Marc Joffe of the California Policy Center ( in regard to these recent articles on the subject of California's fiscal emergency: ➤ California’s Total State and Local Debt Totals $1.3 Trillion ( ➤ Can California’s Economy Withstand $1.3 Trillion of Government Debt? ( One aspect Marc Joffe mentioned would be a way to overcome this "debt" is to increase California's population... however, we see through some recent stories... ★ California Won't Fall Into The Sea -- It's Moving To Texas Instead ( ★ The Exodus of People Moving Away From California Is Becoming an Avalanche...
  • Best-Run States Are Heavily Republican, Study Finds

    06/01/2016 5:02:30 AM PDT · by IBD editorial writer · 12 replies
    Investor's Business Daily ^ | 6/1/2016 | John Merline
    The ten most financially sound states in the country are all heavily Republican, while all but one of the ten worst states are heavily Democratic. Thats according to a ranking of states in a new report from the Mercatus Center at George Mason University The report Ranking the States by Fiscal Condition used official government data to measure the states ability to pay short-term bills and meet longer-term obligations, such as public pensions or health care costs, using five separate measures.
  • Red States Outperform Blue In Managing Taxpayer Money

    07/09/2015 3:45:14 AM PDT · by IBD editorial writer · 5 replies
    Investor's Business Daily ^ | 07/08/2015 | Staff
    Pop quiz: What do the most fiscally sound states have in common? Good weather? Oil? Blind luck? Or is it conservative policies such as keeping taxes low, regulations reasonable and spending under control?
  • Governors Make Fiscal Progress: Here are the Governors who made the 'A' Grade on Fiscal Policy

    10/02/2014 7:43:21 AM PDT · by SeekAndFind · 3 replies
    National Review ^ | 10/02/2014 | By Chris Edwards & Nicole Kaeding
    Americas high business taxes are discouraging investment and prompting companies to move their headquarters abroad. Most policymakers say they favor cutting the corporate-tax rate to help fix the problem, but reforms are stuck in Washington gridlock. Thank goodness for the states. Many governors are championing fiscal reforms, and business tax cuts are one area of progress. We document these reforms in Catos new fiscal report card, which assigns grades of A to F to the governors based on their efforts to restrain government since 2012. This year we awarded A grades to four governors: Pat McCrory of North Carolina signed...
  • Absent Major Changes, Puerto Rico Faces a Fiscal Calamity

    06/04/2014 6:36:07 AM PDT · by SeekAndFind · 21 replies
    RCM ^ | 06/04/2014 | James Glassman
    As U.S. officials and private investors become more concerned about the financial fate of Puerto Rico after nearly a decade of economic decline, attention has turned to an $8.5 billion bank, which may be the key to whether this island of 3.7 million people flourishes or self-destructs. Puerto Rico's recession is now in its eighth year. The closely watched Economic Activity Index has plummeted from 155 to 128; the unemployment rate, at 14.1%, is more than twice that of the mainland U.S., and the total number of workers has dropped from 1.3 million at its peak in December 2006 to...
  • Master Cut: Rand Paul Suggests Jimmy Carter Better Than Ronald REAGAN On Budget

    04/23/2014 1:06:25 PM PDT · by Josh Painter · 92 replies
    Breitbart TV ^ | 2014/04/23 | Breitbart Staff
    David Corn of Mother Jones has assembled a number of clips from Sen. Rand Paul (R-KY) over the years criticizing former President Ronald Reagan for the budgets he signed into law. In some cases, Paul declared Reagan worse on budgetary issue than his predecessor, former President Jimmy Carter.
  • What Ben Bernanke Won't Say: It's Over Obama

    07/17/2013 7:38:42 AM PDT · by SeekAndFind · 39 replies
    Townhall ^ | 07/17/2013 | John Ransom
    On June 17, Barack Obama had one of his most awesome reality TV events of the year when he fired central bank chairman Ben Bernanke on PBS with liberal mope and host Charlie Rose moderating. He essentially fired Ben Bernanke on the spot and gave him a fairly tepid testimonial afterward, said former Fed Governor Laurence Meyer, in an interview on CNBC the next day. And the bankers have been in revolt ever since. The government, meanwhile, has revised the economys performance downward. The newest do-over by government economists comes three months after they gave the economy one of the...
  • Three charts on the fiscal condition of state and local governments

    07/12/2013 7:01:32 AM PDT · by SeekAndFind · 1 replies
    Public Sector Inc ^ | 07/11/2013 | Steve Eide
    This past Friday's jobs report showed continued strength in jobs numbers for state and local governments, led by the latter. This year, local governments have added 45,000 jobs, which may not sound like much, but municipalities had lost jobs in nearly every preceding month going back to the summer of 2008. (Total US nonfarm employment, by contrast, has been growing since February 2010). But just as stability has returned to the state and local employment picture, borrowing costs have started to climb. Ben Bernanke's June speech that the Fed is considering taking its thumb off the scales of...
  • Is Fiscal conservatism on the decline?

    05/25/2013 10:03:39 AM PDT · by SeekAndFind · 17 replies
    Hotair ^ | 05/25/2013 | Jazz Shaw
    After two full election cycles where Americans debated the need to reign in spending, debt and the dubious future of entitlement programs and our nation’s fiscal viability, has the bloom started to come off the rose? A new poll from Gallup has some potentially worrying portents in the top lines. Forty-one percent of Americans now characterize their economic views as “conservative,” or “very conservative,” the lowest since President Barack Obama took office in 2009 and on par with where views were in May 2008. This year’s downtick in the percentage of Americans identifying as economically conservative has been accompanied by...
  • Barack Obama Wants Four More Years To Get It Right

    09/02/2012 5:16:58 AM PDT · by LD Jackson · 9 replies
    Political Realities ^ | 09/02/12 | LD Jackson
    In recent days, I have learned of some people who voted for Barack Obama. These are people whom I know personally, but would have thought they would have never fallen for the feel good "hope and change" Obama was selling in 2008. I was wrong in that assumption, but knowing these people as I know them, I can not help but wonder how they were taken in by the man currently living in the White House. Be that as it may, we now have a task in front of us. We need to show everyone how badly Barack Obama...
  • The Limits of Monetary Policy and the Importance of Fiscal Policy

    06/06/2012 5:19:42 PM PDT · by moneyrunner · 2 replies
    The Virginian ^ | 6/6/2012 | Moneyrunner
    Here is the rub. As mentioned, the FOMC sets monetary policy for the nation, for all 50 statesits influence is uniform across America. The same rate of interest is charged on bank loans to businesses and individuals in Texas as is charged New Yorkers or the good people of Illinois or Californians; Texans pay the same rates on mortgages and so on. Why is it that the Texas economy has radically outperformed the rest of the states? A cheap answer is to revert to the hackneyed argument that Texas has oil and gas. It is true that we produce as...
  • France, Greece choose suicide over solvency; are we next?

    05/11/2012 6:16:08 AM PDT · by cap10mike · 37 replies ^ | May 11, 2012 | Michael Dorstewitz
    Last Sunday, Greece and France held national elections. Both would determine the countries future fiscal course of action. In Greece, voters rejected the two ruling parties that had voiced support for the European Union austerity program. That program was instituted in an effort to keep the EU solvent after Portugal, Ireland, Greece and Spain, known as the PIGS, incurred massive debt as the result of their cradle to grave social programs. Since Greece was one of the EUs original problem children, this could probably have been expected. In France, socialist Francois Hollande was ushered in, while right-of-center Nikolas Sarkozy was...
  • Note to Congress: The fiscal cliff cometh

    05/04/2012 6:16:47 AM PDT · by SeekAndFind · 24 replies
    Washington Post ^ | 05/04/2012 | Mohammad El-Erian, PIMCO
    Economists are rightly starting to warn that the United States faces a worrisome fiscal cliff at years end. The blunt spending cuts mandated by the 2011 compromise on the debt ceiling and the failure of the supercommittee that followed along with across-the-board tax increases would derail the U.S. recovery and undermine the well-being of the global economy. We should be avoiding the edge of this cliff and politicians should not believe that they have until the end of this year to act. In the next few months, possibly within weeks, markets here and abroad will be looking...
  • Obama accuses Republicans of 'madness'

    03/30/2012 8:19:00 PM PDT · by Free ThinkerNY · 99 replies
    Associated Press ^ | March 30, 2012
    PORTLAND, Maine - President Barack Obama accused Republicans of clinging to economic policies that preceded the Great Depression and the more recent economic downturn, saying his rivals are showing signs of "madness." Raising campaign cash in Maine on Friday, March 30, Obama said Republicans want to return to economic policies that would let Wall Street play by its own set of rules and allow insurance companies to roll back health coverage.
  • Fact Checker: Ron Pauls misleading ad: Rick Santorum is fake fiscal conservative

    03/08/2012 11:13:41 AM PST · by SeekAndFind · 39 replies
    Washington Post ^ | 02/23/2012 | Josh Hicks
    Santorum has arguably claimed the mantle of GOP front-runner by virtue of winning the most primaries and polling at or near the front of the pack in Michigan and Arizona, where the next contests take place. So his rivals are taking aim at his record, mainly by attacking his fiscal policies. Ron Paul has gone perhaps furthest in this regard with his latest ad, which suggests the former senator supports ruthless dictators and abortion services. The video only mentions spending, but its actually a two- or maybe three-for-one for all intents and purposes, since it questions the candidates social and...
  • The Biggest Lie Being Told About The US Economy

    08/14/2011 7:22:34 AM PDT · by blam · 13 replies
    TBI ^ | 8-14-2011 | Joe Weisenthal
    The Biggest Lie Being Told About The US Economy Joe Weisenthal Aug. 14, 2011, 6:14 AM The latest piece from John Mauldin contains a nugget on US fiscal policy that's worth addressing: The economy is getting weaker. What can we do? The short answer is, sadly, not much. There were some in Maine who argued for more fiscal stimulus, but I think there is little political will for another major stimulus program. The last one got us up to 3% GDP growth before we fell back, and all we got was a major debt bill and a higher level of...
  • C-Town Supermarket, Single Mom's & For-Profit, Online Universities

    07/31/2011 10:12:08 AM PDT · by UnBubba · 18 replies
    Vanity | 7-31-11 | Self
    Just another day in Paradise.
  • The Constitution and the debt-ceiling debate

    07/14/2011 12:20:33 PM PDT · by american_steve · 5 replies, The Wall Street Journal ^ | 05/12/2011 | David Rivkin and Lee A. Casey
    "Of course, were Congress to reclaim this authority and separately approve each new U.S. debt issue, it would once again be directly responsible for government borrowing in a way that it has avoided for nearly 100 years. With political power comes political accountability. And that, more than anything else, is what the voters who brought a Republican majority back to the House of Representatives wanted. This true type of fiscal responsibility would also be far more consistent with the vision of our Founders. They believed that public borrowing was an important governmental tool, but one that should be used sparingly...
  • Why The Fed Is Officially Paralyzed

    06/24/2011 4:23:48 AM PDT · by blam · 20 replies
    TBI ^ | 6-24-2011 | Comstock Partners
    Why The Fed Is Officially Paralyzed Comstock Partners Jun. 24, 2011, 5:35 AM Heres all you need to know about the current paralysis of Fed monetary policy. The FOMC is officially forecasting an unemployment rate of 7.8%-to-8.2% by the end of 2012-3 years into the recoveryand has decided it cannot do anything about it. The Fed has used all of the conventional tools in its toolbox as well as some that arent so conventional. It has kept interest rates near zero for an extended period and bought over $2 trillion in mortgages, ballooning its balance sheet to $2.8 trillion...
  • Hellenic Handbasket. In some ways the US financial condition is worse than Greece's

    05/25/2011 6:45:43 AM PDT · by SeekAndFind · 2 replies
    National Review ^ | 05/25/2011 | Michael Tanner
    Pop quiz: Which country is in worse fiscal condition Greece or the United States? Greece, struggling to avoid default on its massive national debt, obviously is in bad shape. This year it will run a budget deficit equal to 9.5 percent of its GDP. That actually is a significant improvement over last year, when its deficit topped 15 percent of GDP, though it remains well above its target of 7.4 percent. Greeces overall national debt will be slightly higher than 150 percent of GDP by the end of the year. And the worst is yet to come. If Greece...