Last Updated Stories in deficit

Right-Wingers and Obama

I am continuing to run into such sentiments as "Obama is a Communist" and "Democrats are the enemy of America." My question is, when will these people ever learn?If Obama had been a Communist - or a Hitler, or a totalitarian, or anything else of which these people accuse him...

U.S. National Debt to Surpass GDP for Third Year in a Row

Read More : http://www.investmentcontrarians.com/debt-crisis/with-national-debt-interest-13-times-larger-sequestration-cuts-just-arent-enough/1698/ The more I look at the size of the national debt, the more I get squeamish. With the national debt at $16.7 trillion and...

Government Report: Obamacare to Add $6.2 Trillion to Deficit

http://newsdoors.blogspot.com/2013/02/government-report-obamacare-to-add-62.html Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office (GAO) report released today. Senator Jeff Sessions (R., Ala.), who...

Sequester’s Unintended Consequences Will Cause Chaos

Washington, DC -- The upside of the government’s sequester initiative is a $1.2 trillion reduction in the deficit. The downside is that the blunt force action will produce many unanticipated cuts and changes that...

Why the Budgetary Talks Are Critical to America’s Future

By George Leong for Investment Contrarians The national debt ceiling debate was initially expected to be resolved by January 1; but when that date came around, it was extended to May 18, as the two sides continue to debate the budgetary cuts, the deficit, and the increase...

Actual US Deficit $8 Trillion, Greater Than $6.6 Trillion After T

http://newsdoors.blogspot.in/2012/11/actual-us-deficit-8-trillion-greater.html Actual US Deficit $8 Trillion, Greater Than $6.6 Trillion After Tax Income It was an Aha moment for me when I read Chris Cox and Bill Archer’s op-ed in today’s Wall Street Journal. By the...

We Should Stop Obsessing Over the Deficit

Read More: http://newsdoors.blogspot.com/2012/11/we-should-stop-obsessing-over-deficit.htmlI wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn't the nation's major economic problem and deficit reduction shouldn't be our...

Yogurt Rescues the Greek Economy

Athens - Don’t stick a fork in Greece. Use a spoon instead, because the debt-riddled nation is about to emerge as Europe’s economic powerhouse, thanks to booming sales of Greek yogurt. “Greek yogurt has more...

Obama Dumps Biden; Names Apple’s Siri As His Running Mate

Washington, DC — Faced with declining poll numbers and a withering economy, President Barack Obama has dropped Vice President Joe Biden from the Democratic presidential election ticket, selecting Apple’s...

Obama makes economic case online

From Newsmax: Obama Makes Economic Case at Online SummitPresident Barack Obama defended his economic policies during an impromptu appearance at this week's White House summit of key advisers and editors of influential online news sites.“First of all, I think it’s just...

Needs overtake Congress; Defense acts without them

Base closures are essential cost reductions Just as the President has found ways to move around an incompetent and recalcitrant Congress, now the Department of Defense must do the same. You see Congress doesn’t...

$15 Trillion Super Bowl Bet Would Wipe Out The National Debt

Indianapolis -- Congress Is gambling that a determined group of Patriots can again save the United States from collapse. The lawmakers are betting $15 trillion that the New England Patriots will defeat the New York...

Donald Trump Creates A New Political Party -- The Trumpets

New York -- Just days after turning in his Republican membership card and secret decoder ring, real estate developer Donald Trump has launched his own personal political party. “It’s called the Trumpets,...

Keynesian Economics, GDP and Debt

The failure of Keynesian economics can be traced to a single error. GDP is seen as the singular measure of economic strength and well-being, which it is not. GDP measures consumption; and it's no secret that consumption can be made to rise through all sorts of unsound and...

Why Debt Matters and Who Is Its Source

During the Bush administration, when America accumulated $6 trillion in debt, with a Republican Congress and White House, at a time that there was absolutely no need for it and before the baby boomers had even started to retire, a Republican commentator stated that Reagan had...

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