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Joe Weisenthal Business Insider 4/18/2011 One of the more interesting paragraphs from S&P’s downgrade of the US debt outlook focuses on the financial sector: Additional fiscal risks we see for the U.S. include the potential for further extraordinary official assistance to large players in the U.S. financial or other sectors, along with outlays related to […] April 23rd, 2011 | Tags: bailouts, GDP, Standard & Poor (S&P), student loans | Category: Banking and finance, Barack Obama, Economy, Fannie Mae, Federal spending, Freddie Mac, Polls | Comments are closed
Glenn Reynolds Instapundit 3/15/2011 INDEED: Normal Interest Rates Would Be A Disaster For U.S. Debt. “And that’s why the Federal Reserve is buying U.S. Treasuries. If they didn’t, the U.S. would have to pay higher interest rates on its debt, and we can’t afford to. None of this can go on forever.” Something that can’t […] March 15th, 2011 | Tags: austerity, currency collapse, GDP, hyperinflation, interest rates, national debt, Sen. Tom Coburn MD, Treasury bonds | Category: Banking and finance, Barack Obama, Congress, Economy, Taxes, Treasury Department | Comments are closed
Nick Gillespie and Veronique de Rugy New York Post 12/26/2010 A value-added tax, a soda tax, a gas tax, banning earmarks, freezing a portion of federal spending at “pre-stimulus” levels — there’s no shortage of ideas being thrown out to fix the country’s disastrous balance sheet, which threatens not just near-term economic recovery but the […] December 27th, 2010 | Tags: Congressional Budget Office (CBO), federal deficit, GDP, National Commission on Fiscal Responsibility and Reform, national debt | Category: Congress, Economy, Taxes | Comments are closed
FoxNews.com 12/26/2010 “Apocalyptic pain” from an out-of-control debt could cause 18 percent unemployment and a massive contraction in the economy that would destroy the middle class, a leading Republican deficit hawk said in an interview that aired Sunday. Sen. Tom Coburn, R-Okla., who recently issued a report on government waste, warned that the U.S. only […] December 26th, 2010 | Tags: GDP, hyperinflation, Sen. Tom Coburn MD | Category: Congress, Economy, Entitlements, Federal spending, Government programs | Comments are closed
Rep. Paul Ryan Paul Ryan’s Notes Facebook.com 5/17/2010 Check out the budget chart of the day from the Heritage Foundation… A larger view of this chart is at Facebook. May 17th, 2010 | Tags: GDP, national debt, Rep. Paul Ryan | Category: Barack Obama, Economy, Taxes | Comments are closed
Check out the budget chart of the day from the Heritage Foundation… Congressman Paul Ryan Paul Ryan’s Notes Facebook.com 5/6/2010 Recession Pushes Current Tax Receipts Below Historical Average The overall tax burden on Americans is measured as a share of gross domestic product (GDP). Since World War II, tax receipts have averaged around […] May 6th, 2010 | Tags: GDP, Rep. Paul Ryan, The Heritage Foundation | Category: Taxes | Comments are closed
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