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February 5, 2013

This just in the from the CBO: America still has a debt problem.

  • $845B 2013 federal budget deficit has been predicted by the Congressional Budget Office according to a new report from the non-partisan watchdog organization. The bill will likely be held up by conservatives as concrete proof that tax hikes will not be enough to deal with the nation’s financial woes, considering the new CBO report shows the recent increase on households earning more than $450 thousand did little to slow the United States’ debt accrual. source
14:24 // 1 year ago
January 2, 2013

Two different takes on the NYE “fiscal cliff” compromises:

  • Congressional Budget Office The Congressional Budget Office released a new report on New Year’s Day, outlining what it believed would be the new “fiscal cliff” compromise’s impact on the national debt. Their verdict? $4 trillion added over the next decade.
  • White House The Obama Administration denied claims that the “fiscal cliff” deal would add $4 trillion to our national debt, and said those in the White House expect to see $737 billion trimmed from the national debt thanks to the recent negotiations. So, anybody who did a little better in Econ than we did want to let us know who’s right and who’s wrong? source
16:57 // 1 year ago
August 4, 2011
producermatthew:

Oil prices nosedive following the national debt crisis and the economic instability in Europe. [Bloomberg TV]

This is one of those days that just makes you want to forget that money ever existed.

producermatthew:

Oil prices nosedive following the national debt crisis and the economic instability in Europe. [Bloomberg TV]

This is one of those days that just makes you want to forget that money ever existed.

16:05 // 2 years ago
July 31, 2011

producermatthew:

Raw video: President Obama says an agreement has been reached between the White House and key GOP leaders over the national debt crisis. [ABC News]

The speech, in video form.

21:17 // 2 years ago
June 8, 2011

 
Six-in-ten (60%) say the cost of the wars in Iraq and Afghanistan has contributed a great deal to the size of the debt. About four-in-ten (42%) say the same about the condition of the national economy.
By comparison, just 24% say increased spending on domestic problems has contributed greatly to the nation’s debt and even fewer (19%) cite the tax cuts enacted over the past decade. While half or more say spending and the tax cuts contributed at least a fair amount to the debt, 31% say increased domestic spending did little or nothing to increase the debt and 38% say the same about the tax cuts.
The latest national survey by the Pew Research Center for the People & the Press, conducted May 25-30 among 1,509 adults, finds widespread opposition to number of proposals aimed at reducing the deficit and the national debt, including reducing funding for the states for education and roads (73% disapprove) and gradually raising the Social Security retirement age (59%).

Six-in-ten (60%) say the cost of the wars in Iraq and Afghanistan has contributed a great deal to the size of the debt. About four-in-ten (42%) say the same about the condition of the national economy.

By comparison, just 24% say increased spending on domestic problems has contributed greatly to the nation’s debt and even fewer (19%) cite the tax cuts enacted over the past decade. While half or more say spending and the tax cuts contributed at least a fair amount to the debt, 31% say increased domestic spending did little or nothing to increase the debt and 38% say the same about the tax cuts.

The latest national survey by the Pew Research Center for the People & the Press, conducted May 25-30 among 1,509 adults, finds widespread opposition to number of proposals aimed at reducing the deficit and the national debt, including reducing funding for the states for education and roads (73% disapprove) and gradually raising the Social Security retirement age (59%).

14:55 // 3 years ago
November 29, 2010

TARP: Not as expensive as we’d thought it was

  • $109
    billlion
    estimated losses of the TARP program, as of last March, according to CBO
  • $66 billion that same estimate, revised five months later by CBO
  • $25 billion the most recent estimate of TARP’s losses, as of today  source
23:01 // 3 years ago