Archive for the 'Federal Budget' Category

If I Were Ben Bernanke…

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Lieberman Suggests A Rational Idea…

Which means it won’t go anywhere.
Sen. Joe Lieberman, I-CT., said Tuesday that Congress should consider a special tax to pay for the nation’s war against terrorism. The Republicans and the Bush administration have tried to hide the costs of the war since the very beginning burying it in off-budget requests and refusing to include any [...]

Roundup of Tax Bill

Reuters has the best easy-to-read summary of the tax bill that the House passed in the middle of a Friday night before taking off yet again for a monthlong recess. The bill would make the US borrow another $310 billion in the next 10 years (assuming the estimates are correct) and will cost several times [...]

U.S. Debt Limit Raised, Again

The US Senate passed the necessary, but politically senstive, bill to raise the debt of the United States to $8,985,000,000,000. The reckless spending of the US Congress has to come to an end soon as the debt is now nearly 3/4 of our annual GDP (according to the CIA Factbook) and has increased by 50% [...]