Tags » Budget Deficit

Believing Impossible Things

   By Bob Shapiro

The other night, I talked with my new friend Jack about the Economy, Taxes, and eventually Social Security. I explained that the unfunded liability for Social Security was far beyond what was possible to meet, and that somewhere down the road, Social Security would default. 954 more words

GDP & Employment

Financial System Will Collapse Just a Matter of When-Laurence Kotlikoff

By Greg Hunter – Re-Blogged From http://www.usawatchdog.com

Renowned economist Laurence Kotlikoff recently testified at the U.S. Senate about the runaway U.S. budget.  How bad is it?  556 more words

GDP & Employment

'Obamath’: Adam Baldwin, others put Obama's deficit reduction brag into perspective

President Obama’s boasting about his time as president continue, and OFA repeated one of the brags:

"The deficit has come down by two-thirds since I've been president." —President Obama…

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US Politics

It's all about the deficit

This was going to be a quick post after the budget except that I then spent ages trying to find some statistics and had to give up! 393 more words

Debt

Records: Detroit Public Schools $53 Million Behind On Pension Payments

DETROIT (WWJ/AP) - State records show Detroit Public Schools is $53 million behind in pension payments, costing the cash-strapped district $7,600 a day in interest penalties. 148 more words

News

Kansas Senate panel approves proposed $15.5B state budget

TOPEKA, Kan. (AP) — A Kansas Senate committee on Thursday approved a proposed $15.5 billion budget for the state’s next fiscal year that wouldn’t balance out without tax increases. 510 more words

Local