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... term growth prospects as the nation will have to take the burden of rising federal deficit and national debt.
Indeed, the national debt has ... 2009; more than tripling the 2008 figure.
So, it’s possible that a large deficit and national debt may crowd out the positive effects ... corner. In order to provide further monetary stimulus, the Federal Reserve may use so called debt monetarization. In fact, ...
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The federal deficit is huge, growing by leaps and bounds, and Sen. Barbara Mikulski, who complained in the past about ... deficits, constantly brags about how she has arranged to spend and increase the deficit even more. The following is just for November 2009.
11/30/09 Mikulski ... Senate Passage of More Than $27 Million For Maryland Initiatives in the Federal Checkbook
11/05/09 Chairwoman Mikulski ...
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... compiled by Bloomberg, and shows the budget surplus / deficit as a percentage of Gross Domestic Product.
I came across this chart ... interesting and interactive website to help me with this. The chart below shows the Federal Deficit as a percentage of Gross Domestic Product ... event will history attribute that blue spike on the right, a deficit never equaled except in a time of world war?
Back ...
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David Wessel reports:
The Federal Deficit Mess in a Single Sentence: Douglas Elmendorf, the director of ... Public Policy Analysis and Management. In it, he nicely summarized the federal government’s long-term fiscal ... to destroy them. Unless and until he limits their influence, the Republican ticket is simply not something that anybody who knows the federal budget numbers can with honor vote ...
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The US federal deficit hit a record US$176.4B in October, according to a US Treasury Department Report Thursday. The budget imbalance outpaced economists’ expectation of US$150B. The deficit for Y 2009 fiscal year, which ended on Sept. 30, set an all-time record in USD terms of US$1.42T tripling last year’s record. Treasury Secretary Tim Geithner
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Federal Deficit Hits October Record of $176 Billion
"The rising deficit has caused some concerns in Asia, where President Obama is set to start a weeklong trip."
When communist China, bankrupt Japan and the rest of the mostly corrupt asian countries are worried about the economic stability of America... shouldn't that also worry us here in the USA?
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Douglas Elmendorf, the director of the Congressional Budget Office, gave a speech the other day at the Association for Public Policy Analysis and Management. In it, he nicely summarized the federal government’s long-term fiscal problem in one sentence:
“The country faces a fundamental disconnect between the services the people expect the government to provide, particularly in the form of benefits ...
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"I was too nice in ascribing merely a trillion dollar deficit bequeathed to Obama, as a reader reminds me:
'According to ... treasury department's Bureau of Public Debt, the federal deficit went from $5,728,195,796,181. ... primary protest is the erosion of 2nd Amendment rights). The federal deficit, the police-state powers (state secrecy trumping war crimes and illegal operations, like ...
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Slightly off topic...but I found this interesting...no wait...concerning. I hope you do as well since it doesn't seem like many are interested in Congress given
the empty seats in this video...It gives you a little peek into why we just surpassed 12 trillion dollars in debt ($12,000,000,000,000).
Oh...and in case you are wondering...It took about 250 years to get to 6 trillion ...
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... , most of the things that have been proposed today cost money, and there is this concern about the federal deficit.I hope that your administration will recognize, as I know you will, that it's possible, first of all, to reduce the deficit over time and sometimes in the short run realize that you need to increase the deficit. And I hope the concern ...
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