President Obama has created a commission to tackle runaway federal deficits "brought on by years of bad habits." The bipartisan panel's goals are to figure out how to reduce spending for all federal programs by 2015, as well as address long-term budget shortfalls. Good luck.
Continue reading Obama Passes the Budget Hot Potato to a Bipartisan Commission
Obama Passes the Budget Hot Potato to a Bipartisan Commission originally appeared on DailyFinance on Thu, 18 Feb 2010 12:00:00.
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When the president approved the first $8.3 billion in a nuclear loan guarantee program Tuesday, he helped unite interest groups ranging from the ultra-conservative National Taxpayers Union to the left-wing Greenpeace. All of them agree that the program doesn't make economic sense. And they're right.
Continue reading Obama's Nuclear Power Play Lacks Economic Voltage
Obama's Nuclear Power Play Lacks Economic Voltage originally appeared on DailyFinance on Wed, 17 Feb 2010 17:10:00.
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President Barack Obama releases his proposed
$3.8 trillion federal budget for fiscal year 2011 and immediately the hue and cry is one of "$1 trillion structural deficits," "a nation going broke" and "an unserviceable debt."
Continue reading Here's a Fair Way to Balance the U.S. Budget
Here's a Fair Way to Balance the U.S. Budget originally appeared on DailyFinance on Sat, 06 Feb 2010 12:30:00.
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The Obama administration earlier this week
released its proposed budget for the 2011 fiscal year which starts Oct. 1, 2010. The numbers are daunting: A $3.8 trillion federal budget for next year, with a projected $1.3 trillion deficit on top of tax revenues of $2.5 trillion. The current fiscal year 2010 deficit is expected to reach $1.6 trillion.
Continue reading Too Much Hope? Why Obama's Budget Is Unrealistic
Too Much Hope? Why Obama's Budget Is Unrealistic originally appeared on DailyFinance on Wed, 03 Feb 2010 07:00:00.
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The nasty political atmosphere in Washington is about to get toxic. In testimony before Congress today, Treasury Secretary Timothy Geithner called on Republicans to help the Obama administration tame the budget deficit, expected to hit a record $1.56 trillion. The gap is still slated to top $1 trillion even with the spending freeze proposed by Obama. But then Geithner promptly blamed the Bush administration for leaving a trail of unpaid bills that created the current fiscal mess.
Continue reading In a $3.8 Trillion Budget, Pork Is Hardly the Biggest Problem
In a $3.8 Trillion Budget, Pork Is Hardly the Biggest Problem originally appeared on DailyFinance on Tue, 02 Feb 2010 12:50:00.
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Though there is precious little consensus on fixing the nation's health care system, most knowledgeable citizens agree that the current system's skyrocketing costs are unsustainable. The facts are daunting: The
U.S. spends 16% of its GDP on health care, 60% more than Germany and other Northern European "socialized medicine" states, and double what Japan devotes to health care.
Continue reading Is Fee-for-Service What Ails America's Health Care System?
Is Fee-for-Service What Ails America's Health Care System? originally appeared on DailyFinance on Mon, 18 Jan 2010 07:00:00.
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