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AFP via France24 17 October 2013 A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington’s resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained “unchanged”. prednisone 10 mg tablet price Dagong lowered its ratings for US local and foreign currency credit from A to A-, maintaining […] October 17th, 2013 | Tags: credit rating, Dagong Global Credit Rating Co., gross domestic product, U.S. Dollar | Category: Federal spending | Comments are closed
Michael Tanner NY Post 6/25/2011 The Congressional Budget Office released a new report this week showing that the federal government’s publicly held debt would top 101% of GDP by 2021, more than the value of everything produced in this country over the course of a year. Think of it like owing more on your credit […] June 27th, 2011 | Tags: Congressional Budget Office (CBO), gross domestic product, intragovernmental debt, national debt | Category: Banking and finance, Barack Obama, Congress, Entitlements, Federal spending, Politicians, Taxes | Comments are closed
Editorial Union Leader [NH] 4/7/2011 How far beyond its means is the federal government spending? Consider this: The Republican budget plan presented by House Budget Committee Chairman Paul Ryan, R-Wisc., this week would spend $6.2 trillion less than President Obama’s budget does over the next decade. Democrats call that radical and destructive. And yet Ryan’s […] April 7th, 2011 | Tags: Congressional Budget Office (CBO), federal budget deficit, gross domestic product, national debt, Rep. Paul Ryan, Sen. Sheldon Whitehouse | Category: Barack Obama, Entitlements, Federal spending, Taxes | Comments are closed
Stephen Dinan The Washington Times 2/14/2011 President Obama projects that the gross federal debt will top $15 trillion this year, officially equalling the size of the entire U.S. economy, and will jump to nearly $21 trillion in five years’ time. Amid the other staggering numbers in the budget Mr. Obama sent to Congress on Monday, […] February 14th, 2011 | Tags: debt ceiling, gross domestic product, gross federal debt, Rep. Paul Ryan | Category: Barack Obama, Congress, Economy, Federal spending, Taxes | Comments are closed
“The economy that was losing jobs a year ago is creating jobs today. After the single biggest economic crisis in our lifetimes, we’re heading in the right direction. We’re moving forward. Our economy is stronger — that economic heartbeat is growing stronger. But I measure progress by a different pulse.” President Barack H. […] April 30th, 2010 | Tags: gross domestic product | Category: "Stimulus" program, Barack Obama, Economy, Taxes | Comments are closed
Sewell Chan The New York Times 4/14/2010 WASHINGTON — The Federal Reserve chairman said Wednesday that the government had to make “difficult choices” to address its gaping deficits and warned that “postponing them will only make them more difficult.” The chairman, Ben S. Bernanke, said that a “credible plan” for reining in federal deficits could […] April 14th, 2010 | Tags: Ben Bernanke, budget deficit, gross domestic product | Category: Banking and finance, Economy, Entitlements, Government programs, Taxes | Comments are closed
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