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News for Norther Colorado and the world

Tuesday, December 6, 2016

Posts Tagged ‘debt’

Social Security Trust Fund

Social Security Trust Fund

  To the Editor, Is the Social Security Trust Fund empty because Congress borrowed and spent the money?  No.  The Fund invested the money in U.S. treasuries, and it will be repaid as needed. Suppose you were in charge of the Fund.  Once the current year’s payments were made, what would you do with the billions of left-over dollars needed to fund future payments? Would you stuff them in a coffee can and bury them in the back yard, where they would earn no interest and thereby lose ... Full Story

You can’t have it all

You can’t have it all

          FACT CHECK: You can't have it all, sorry By CALVIN WOODWARD, Associated Press – WASHINGTON (AP) — Is there any impulse greater in politics than to promise people the sun and the moon? Each in their own way, the Republican candidates heading into Super Tuesday primaries are telling Americans they can have "it all" — plentiful energy without pain at the pump, jobs without deeper debt, thriving factories like the days of yore, a renaissance at every dusty ... Full Story

Ann Teinaes: Politics Animated

Ann Teinaes: Politics Animated

                    Ann Teinaes'  animations in the Washington Post present a biting satire  of the news. No subject is off limits no politician is spared. View her work here, cartoons are serious business. Be prepared to stay awhile, there are many pages.   Ann Teinaes            

Udall’s Newsletter Update

Udall’s Newsletter Update

    Mark's Newsletter Update: $15,000,000,000,000
 November 23, 2011   Dear Fellow Coloradan, This month, the United States hit an unfortunate milestone. Our national debt officially passed $15 trillion – an enormous number that represents a serious threat not just to our economy, but also to our national security. This week, the bipartisan congressional "super committee" was unable to reach a deal to cut at least $1.2 trillion from our national debt before its deadline. Its ... Full Story

The class warfare the rich don’t understand

The class warfare the rich don’t understand

    Al Jazeera The class warfare the rich don't understand   The Masters of the Universe evaded responsibility and defiantly demanded more sacrifice from their victims, says author. By Heather Digby Parton, Last Modified: 10 Oct 2011 09:43 "Those who own the country ought to govern it." - Founding father, John Jay   There have been rumblings in the corners of the Tea party movement for some time, but the minute president Obama announced that he was going to ask wealthy Americans ... Full Story

“Son of Stim”

“Son of Stim”

          The President's "Jobs Plan" calls for another $400 billion dollars in BORROWING. Yes, that's what you call it when you spend money now and say you'll pay for it somehow over the next ten years. Oh, and by the way, exactly how does having workers and employers NOT pay into Social Security stimulate the economy? Isn't Social Security going broke one of the major concerns causing insecurity in this economy? And how again does increasing unemployment benefits ... Full Story

A lull in the debt crisis

A lull in the debt crisis

  Hear that rattling sound? It’s the can being kicked down the road. Congress and the Administration passed the “Budget Control Act of 2011” to avert the immediate debt crisis. The problem is, 70% of the spending reductions in the bill are not scheduled to occur until 2017 to 2021. Will Congressional Representatives, at that time, honor those reductions, or will they override them? Regardless, the reduction in spending will be swallowed-up many times over by Government budgeting ... Full Story

America’s Debts: Even More Calamitous Than We

America’s Debts: Even More Calamitous Than We Thought

By Dr. Mark W. Hendrickson Brace yourself. This isn’t going to be pleasant. If you’re in a bad mood or get easily upset, you may wish to pass on reading this article. The country is in even worse shape economically than we thought. We awoke on Feb. 14 to find that this year’s federal budget deficit is going to be larger than previously projected—a record $1.65 trillion. Recently, the official accumulated debt of the federal government passed the $14 trillion threshold. A trillion is a ... Full Story

Can you afford a new car?

Can you afford a new car?

By Jason Alderman When I was growing up, car manufacturers made a big deal each fall about unveiling next year's models, literally shrouding them in secrecy under tarps in print and TV ads until the launch date. Car-crazy dads would then rush down to the dealer for a test drive. New models now roll out year round – and financing methods have gotten more flexible as well. Back then, many people saved for years in order to pay cash for a new car; today, most people I know take out car ... Full Story

House District 49 candidate Karen Stockley on NISP

House District 49 candidate Karen Stockley on NISP

Karen Stockley Candidate, House District 49 Berthoud, CO  Guest Commentary One of the biggest and most complex issues Colorado will be facing over the next 100 years is water. I’m Karen Stockley, candidate for State House District 49, responding to my opponent’s opinion piece glorifying the proposed Northern Integrated Supply Project (NISP). I have studied this issue for many years, and I firmly believe the NISP project is one of the most damaging reservoirs ever proposed for Northern ... Full Story

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