US debt: We can run, but we cant hide
Christian Science Monitor
by Walt Minnick
12/13/10
Every business person, and anyone who has ever managed a checkbook, knows you can?t survive by borrowing 40 cents of every dollar you spend. Yet this is what our federal government is doing ? with no real improvement projected even after the economy recovers. Tax cuts, trillion-dollar wars, deep recession, and the spending binge of the past 10 years have boosted our national debt to $13.8 trillion, over 90 percent of our total national output (GDP). This is two and a half times what it was 10 short years ago...
http://tinyurl.com/27bh3sn
The tax deal and the apocalypse
Huffington Post
by Dean Baker
12/13/10
The proponents of the tax deal that President Obama and the Republicans negotiated last week have gotten out their TARP and Iraq War hysterics. All the important people are now telling us that if Congress doesn?t approve the package, it will be the end of the world! To be an important person in Washington these days requires a solid record of failure. That is why we have 25 million people unemployed, underemployed or out of the labor force altogether. And those who got us into this disaster are still overwhelmingly the ones calling the shots...
http://tinyurl.com/2ddjng5
Payroll tax cut: Another bailout for the rich
Our Future Blog
by Daniel Marans
12/13/10
We already know the proposed $120 billion payroll tax cut in President Obama?s deal with the Republicans poses tremendous risks to Social Security. Now, an analysis done by Nancy Altman, Co-Director of Social Security Works, reveals that it is altogether bad policy. ? State and local workers who are not covered by Social Security, including policemen and firefighters, would receive nothing from the plan. Americans seeking employment would also see nothing from the payroll tax cut...
http://tinyurl.com/2eoa6s7
No, really ? we can!
Boston Globe
by Heather Boushey
12/13/10
?Yes, we can.? That was Barack Obama?s mantra as he took the helm of the nation nearly two years ago. Even though the economy looked scary, he ? and we ? had a sense of optimism that we could fix it. Not only would we avoid a second Great Depression, but we?d make things better. Since then, we?ve successfully pulled back from the precipice. Private employers have added jobs for 10 straight months. In September, the National Bureau of Economic Research declared that the recession ended in June 2009. And yet despite these improvements, we seem to have lost our can-do conviction that the economy can indeed improve, that we can again create good jobs for all who need them...
http://tinyurl.com/28knomo
Charting the US fiscal catastrophe
Zero Hedge
by Tyler Durden
12/12/10
With little fanfare, the November budget deficit of $150.4 billion was reported, which happened to be the worst fiscal November in the history of the US, and just out of the top 10 of worst deficit months ever, including the traditionally weak seasonal months of December, April and September (indicatively, the worst deficit month was the February 2010 $221 billion)...
http://www.zerohedge.com/article/charting-us-fiscal-catastrophe
Informant: Thomas L. Knapp
--------
Tax Cuts Create Jobs? Prove It
http://www.commondreams.org/view/2010/12/14-8
--------
The Next Financial Meltdown
State Budgets: The Day of Reckoning
Video
The day of reckoning is at hand. Steve Kroft tells us what we need to know about the looming financial crisis that almost no one is talking about.
http://www.informationclearinghouse.info/article27117.htm
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bipartisan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=what+change
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=GDP
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=TARP
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=meltdown
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recession
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recovery
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Great+Depression
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=tax+cut
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Walt+Minnick
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dean+Baker
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Daniel+Marans
http://freepage.twoday.net/search?q=Heather+Boushey
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Tyler+Durden
http://freepage.twoday.net/search?q=Steve+Kroft
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Nancy+Altman
-----
by Walt Minnick
12/13/10
Every business person, and anyone who has ever managed a checkbook, knows you can?t survive by borrowing 40 cents of every dollar you spend. Yet this is what our federal government is doing ? with no real improvement projected even after the economy recovers. Tax cuts, trillion-dollar wars, deep recession, and the spending binge of the past 10 years have boosted our national debt to $13.8 trillion, over 90 percent of our total national output (GDP). This is two and a half times what it was 10 short years ago...
http://tinyurl.com/27bh3sn
The tax deal and the apocalypse
Huffington Post
by Dean Baker
12/13/10
The proponents of the tax deal that President Obama and the Republicans negotiated last week have gotten out their TARP and Iraq War hysterics. All the important people are now telling us that if Congress doesn?t approve the package, it will be the end of the world! To be an important person in Washington these days requires a solid record of failure. That is why we have 25 million people unemployed, underemployed or out of the labor force altogether. And those who got us into this disaster are still overwhelmingly the ones calling the shots...
http://tinyurl.com/2ddjng5
Payroll tax cut: Another bailout for the rich
Our Future Blog
by Daniel Marans
12/13/10
We already know the proposed $120 billion payroll tax cut in President Obama?s deal with the Republicans poses tremendous risks to Social Security. Now, an analysis done by Nancy Altman, Co-Director of Social Security Works, reveals that it is altogether bad policy. ? State and local workers who are not covered by Social Security, including policemen and firefighters, would receive nothing from the plan. Americans seeking employment would also see nothing from the payroll tax cut...
http://tinyurl.com/2eoa6s7
No, really ? we can!
Boston Globe
by Heather Boushey
12/13/10
?Yes, we can.? That was Barack Obama?s mantra as he took the helm of the nation nearly two years ago. Even though the economy looked scary, he ? and we ? had a sense of optimism that we could fix it. Not only would we avoid a second Great Depression, but we?d make things better. Since then, we?ve successfully pulled back from the precipice. Private employers have added jobs for 10 straight months. In September, the National Bureau of Economic Research declared that the recession ended in June 2009. And yet despite these improvements, we seem to have lost our can-do conviction that the economy can indeed improve, that we can again create good jobs for all who need them...
http://tinyurl.com/28knomo
Charting the US fiscal catastrophe
Zero Hedge
by Tyler Durden
12/12/10
With little fanfare, the November budget deficit of $150.4 billion was reported, which happened to be the worst fiscal November in the history of the US, and just out of the top 10 of worst deficit months ever, including the traditionally weak seasonal months of December, April and September (indicatively, the worst deficit month was the February 2010 $221 billion)...
http://www.zerohedge.com/article/charting-us-fiscal-catastrophe
Informant: Thomas L. Knapp
--------
Tax Cuts Create Jobs? Prove It
http://www.commondreams.org/view/2010/12/14-8
--------
The Next Financial Meltdown
State Budgets: The Day of Reckoning
Video
The day of reckoning is at hand. Steve Kroft tells us what we need to know about the looming financial crisis that almost no one is talking about.
http://www.informationclearinghouse.info/article27117.htm
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bipartisan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=what+change
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=GDP
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=TARP
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=meltdown
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recession
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recovery
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Great+Depression
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=tax+cut
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Walt+Minnick
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dean+Baker
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Daniel+Marans
http://freepage.twoday.net/search?q=Heather+Boushey
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Tyler+Durden
http://freepage.twoday.net/search?q=Steve+Kroft
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Nancy+Altman
-----
Starmail - 14. Dez, 08:36
