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News for Norther Colorado and the world

Saturday, August 27, 2016

Posts Tagged ‘deficit’

Politics and National Policy

Politics and National Policy

Deficit Reduction Declines as Policy Priority Just Half of Democrats Rate Deficit as ‘Top Priority  For the first time since Barack Obama took office in 2009, deficit reduction has slipped as a policy priority among the public. Overall, 63% say reducing the budget deficit should be a top priority for Congress and the president this year, down from 72% a year ago. Most of the decline has come among Democrats: Only about half of Democrats – 49% – view deficit reduction as a top priority, ... Full Story

Death of the Middle Class

Death of the Middle Class

    The Middle Class Faces Extinction—So Does the American Dream Income inequality is now as high as it's been since the Great Depression, and the middle class is nearly extinct. By Steward Lansley This article first appeared in the  Los Angeles Review of Books. Inequality is now one of the biggest political and economic challenges facing the United States. Not that long ago, the gap between rich and poor barely registered on the political Richter scale. Now the growing income ... Full Story

GOP Leaders Refuse To Negotiate With Obama Unless He

    Some in the media have been hounding President Obama to do more to reach to Republican leaders, as if it were their job to compel a deficit-reducing “Grand Bargain” during a jobs crisis. But they’ve failed to notice the key aspect of the story: Republican leaders in the House and Senate have refused to negotiate with President Obama at all unless he agrees to drop any demand for new revenues. This telling detail comes in the seventh paragraph of a story in Tuesday’s New ... Full Story

Republicans are the Big Government Party

Republicans are the Big Government Party

    Unemployment Rate Would be 7.1 Percent Without Government Cuts March 11th, 2013 By Jason Sattler One of the biggest Republican myths of the last four years is that the government has been exploding in size. The truth is that federal, state and local governments have cut more than 750,000 jobs since June of 2009. If those jobs hadn’t been lost, the unemployment rate would now be 7.1 percent, according to the Labor Department. The total number of people employed by the government ... Full Story

Ho-Hum the Deficit

Ho-Hum the Deficit

  The Deficit: Not as Bad as They Want You to Think   By Evan Soltas Dec 26, If those so-called deficit hawks would stop moralizing long enough to look at the data, they might find something surprising: That data almost entirely undermine their argument. Yes, the long-run path of spending on federal health programs remains a serious and legitimate source of concern. But the numbers show that our current fiscal deficit is well within control -- as have been the deficits of the last ... Full Story

Romney Budget increases the deficit

    These two videos clearly show why the "Ryan Budget" does not decrease the deficit or the national debt.   Robert Reich Explains The Romney / Ryan Budget Plan   This Lady Isn't Even Trying To Make Paul Ryan Look Dumb

Is President Obama a big spender?

Is President Obama a big spender?

The answer is a big yes and no. As Mark Twain said, “Figures don’t lie, but liars figure.” It is not exactly a case of “lying,” but rather a case of putting a spin on what the numbers mean. The two articles from Forbes Magazine presented below are excellent examples.     In “ Who Is The Smallest Government Spender Since Eisenhower?”  a May, 2012 article, Rick Ungar makes the case that it is Barack Obama. He includes a graph that shows the annualized growth in federal ... Full Story

Udall Urges Senate Colleagues to Support Middle-Income

Udall Urges Senate Colleagues to Support Middle-Income Americans, Small Businesses by Expanding Payroll Tax Cuts

  Udall Urges Senate Colleagues to Support Middle-Income Americans, Small Businesses by Expanding Payroll Tax Cuts Releases County-by-County Report on Potential Effect of Payroll Tax Cut on CO Families Today, Mark Udall urged his Senate colleagues to expand the payroll tax cuts that were enacted last year, lowering the tax burden on Colorado's middle-income workers, helping business owners bolster our still-recovering economy and saving the average family around a thousand dollars a ... Full Story

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

Coffman Statement on Super Committee Failure

Coffman Statement on Super Committee Failure

Press Release (WASHINGTON) - Congressman Mike Coffman (R-CO) released the following statement today on the expected announcement that the Joint Select Committee on Deficit Reduction failed to reach an agreement on finding at least $1.2 trillion in spending reductions over the next ten years:"I'm deeply disappointed by the failure of the super committee to find an agreement for at least $1.2 trillion in cuts, but the question now is can we still find a better solution than the across-the-board ... Full Story

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