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News for Norther Colorado and the world

Tuesday, October 21, 2014

Posts Tagged ‘deficit’

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 ... Full Story

Romney Budget a disaster

Romney's Budget-Balancing For Dummies Sun, 02/26/2012 - 9:27pm — Joe Conason Seeking applause from a right-wing audience in Michigan, Mitt Romney vowed on Saturday: "I will cut spending, I will cap spending and I will finally balance the budget," saying that he will end federal funding for all the usual Republican budgetary scapegoats -- the Public Broadcasting System, the National Endowment for the Arts, and the National Endowment for the ... Full Story

Udall Statement on Senate Vote to Expand Payroll Tax

Press Release Today, Mark Udall issued the following statement after the Senate voted 51-49 against expanding the payroll tax cuts. Earlier this week, Udall urged his colleagues to pass the bill because it would lower the tax burden on Colorado's middle-income workers and help business owners boost the economy. "I'm very disappointed that the Senate did not extend the payroll tax cut that would have given some relief to Colorado's struggling workers. Some leading economists estimate that ... 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 ... 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 ... 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 ... Full Story

Udall Statement on Super Committee’s Failure to

Udall Statement on Super Committee’s Failure to Reach Agreement to Reduce National Debt

    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

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

        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

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

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