Posts Tagged ‘deficit’
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 ... Full Story
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 ... Full Story
Udall Statement on Super Committee’s Failure to
In response to news that the super committee has failed to reach a deficit reduction deal, Mark Udall issued the following statement urging Congress to bring the Bowles-Simpson deficit reduction proposal to the floor of the U.S. Senate and House of Representatives and to pass a balanced budget amendment to the U.S. Constitution. "Today's news is disappointing and frustrating for Coloradans who want leaders capable of making tough decisions and guiding our nation through ... Full Story
Failure Is Good
Op-Ed Columnist Failure Is Good By Paul Krugman Published: November 17, 2011 It’s a bird! It’s a plane! It’s a complete turkey! It’s the supercommittee! By next Wednesday, the so-called supercommittee, a bipartisan group of legislators, is supposed to reach an agreement on how to reduce future deficits. Barring an evil miracle — I’ll explain the evil part later — the committee will fail to meet that deadline. If this news ... Full Story
Why defense spending should be cut
Why defense spending should be cut By Fareed Zakaria Published: August 3 The scary aspect of the debt deal meant to force all of Washington to its senses is the threatened cut to defense spending. If the congressional “super-committee” cannot agree on cutbacks of $1.5 trillion, the guillotine will fall and half of those cuts will have to come from expenditures on national security. As with so much Washington accounting, there is lots of ... Full Story
Social Security cuts don’t add up
Note: The following article states that new research shows that Americans over 65 are disproportionately wealthy. The word "disproportionately" is used in a pejorative manner in this sentence. The report from Pew Research entitled "The Rising Age Gap in Economic Well-Being: The Old Prosper Relative to the Young" does not use this negatively charged word. If NPR were exercising journalist excellence here, they would not use this negatively charged word. The Pew Report, and the ... Full Story
The Military Industrial Complex: The Enemy from Within
By John W. Whitehead July 11, 2011 “Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes … known instruments for bringing the many under the domination of the few.… No nation could preserve its freedom in the midst of continual warfare.”—James Madison “When a nation becomes ... Full Story
America’s Debts: Even More Calamitous Than We
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 ... Full Story
Ending deficit spending won’t be easy or
Capitol Review By Mark Hillman It’s a political reality: talking about how to govern is far easier than actually governing. Government, after all, is a reflection of the governed and nothing requires individual voters or “the people” in general to act responsibly. That observation is not an indictment of the electorate but an acknowledgement that voters are never forced to confront tough choices about government spending. Consider the federal debt and deficit. The deficit ... Full Story
What’s All the Fuss About Top Tax Rates Going Up 4.6
By Kenneth Lewis The national conversation on our fiscal health for the past few months has been about whether to extend the Bush-era tax cuts for households with incomes over $250,000, or to allow them to expire on December 31st. To my amazement, lost in all this controversy and discussion has been any mention of what this would really mean for high-income people in the context of historical tax rates. During the 1950s this country was flourishing economically and adding ... Full Story
