Tag: federal deficit

Anticipating a Budget Deficit

Filed in AIG, AT T, BP, Debt, o, Quantitative Easing, silver by on February 2, 2011 0 Comments

I am constantly amazed at the number of people who think that a budget deficit is the same thing as the total federal deficit, which it ain’t. Actually, I remember one time early in my career where I was so desperate to cover up the results of my own incompetence that I tried to exploit Anticipating a Budget Deficit originally appeared in the Daily Reckoning . Recent articles featured in The Daily Reckoning include the impact of quantitative easing and US debt .

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Deficit Reduction Plan Promises Painful Prescription For U.S.

Filed in BP, o, silver by on November 12, 2010 0 Comments

A bipartisan White House commission this week announced a sweeping proposal to slash the federal deficit by hundreds of billions of dollars a year by taking aim at virtually every sacrosanct area of U.S tax and spending policy, including Social Security and Medicare, middle-class tax breaks and defense spending. But while the proposal has enough teeth to put a real dent in the mushrooming deficit, the political reality is that it has virtually no chance of passing through a divided Congress without major changes. ” Mathematically it apparently works…[but] politcally, it is going to have a lot of trouble getting support from more than just the two co-chairs ,” Stan Collender, a former Democratic House and Senate budget analyst and managing director of Qorvis Communications in Washington told Bloomberg News .

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Obama puts forward last-ditch health care plan

Filed in Gold Bullion prices by on February 22, 2010 0 Comments

Making a last-ditch effort to save his health care overhaul, President Barack Obama on Monday put forward a nearly $1 trillion, 10-year compromise that would allow the government to deny or roll back egregious insurance premium increases that infuriated consumers. Posted Monday morning on the White House Web site, the plan would provide coverage to more than 31 million Americans now uninsured without adding to the federal deficit. It comes just four days before Obama's one-of-a-kind, televised health care summit with Democrats and Republicans. Original Article: Forum: News/Activism

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National Debt: $12.4 Trillion and Counting

Filed in Debt, economy, Gold, Gold Investing by on February 18, 2010 0 Comments

We have deficits and debts on the brain today. The federal deficit for the first four months of fiscal 2010 just clocked in at $430.7 billion. That’s 8.8% higher than the year-ago figure. We remember that when the annual deficit hit a record high $430 billion under the second Bush administration, we thought the world was National Debt: $12.4 Trillion and Counting originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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