news.yahoo.com - 4/3/2009
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President Barack Obama makes remarks to representatives of the National AP President Barack Obama makes remarks to representatives of the National Conference of State Legislatures,
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Social Security: There Is No Trust; There Is No Fund
Mish's Global Economic Trend Analysis —
... claims. Both are expected to rise by at least 12 percent this year compared with 2008. My Comment: Can we stop with the nonsense? Revenues exceed payouts but that does not mean there is a fund. Every penny and then some has been borrowed and spent. And even the so called surplus is falling like a rock, a decade faster than expected. Obama's $9.3 Trillion Budget Deficit Inquiring minds are pondering Obama budget could bring $9.3 trillion in deficits. President Barack Obama's budget ...
As Nest Eggs Decline, Darkness Falls On Twilight Years
Daily Markets —
... is likely to incur higher expenses due to big jumps in new retirement and disability claims. Both are expected to rise by at least 12 percent this year compared with 2008. My Comment: Can we stop with the nonsense? Revenues exceed payouts but that does not mean there is a fund. Every penny and then some has been borrowed and spent. And even the so called surplus is falling like a rock, a decade faster than expected. Obama’s $9.3 Trillion Budget Deficit Inquiring minds are pondering Obama budget could bring $9.3 trillion in deficits . President Barack Obama’s budget would ...
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Deficits soar even with rosy assumptions in new Obama budget
mcclatchydc.com 5/12/2009 — WASHINGTON — The White House on Monday projected 2009 and 2010 federal budget deficits far higher than it forecast just two and a half months ago, even as it continued to defy most experts and predict that the economy is headed for a strong ...
Obama Seeks $1 Trillion Tax Increase in Budget Plan (Update3)
bloomberg.com 2/26/2009 — Feb. 26 (Bloomberg) -- President Barack Obama proposed almost $1 trillion in higher taxes over the next decade on the highest-earning Americans, Wall Street financiers, U.S.-based multinational corporations and oil companies to pay for permanent tax ...
Obama’s Budget Cuts
cato-at-liberty.org 5/7/2009 — The Obama administration has issued a modest list of budget cuts for programs that are “duplicative” and “ineffective.”
That’s a good start for spending reforms, but a more substantial way to end “duplication” would be to terminate all $500 billion of federal subsidies sent to state ...
Obama stimulus could reach $1 trillion: report
| U.S.
reuters.com 12/15/2008 — NEW YORK (Reuters) - President-elect Barack Obama's team is considering a plan to boost the recession-hit U.S. economy that could be far larger than previous estimates and might reach $1 trillion over two years, the Wall Street Journal reported on ...
Obama: 2010 Budget 'First Step' Toward Responsibility, Budget Reform
onthehillblog.blogspot.com 2/26/2009 — President Barack Obama introduced his federal budget proposal for the 2010 fiscal year by calling it a "first step" on a journey toward more responsibility to deal with long-term challenges, as well as toward "honesty and fairness" in budgeting.
Obama Budget: Higher Taxes, Healthcare, and a Deficit Mystery
businesspundit.com 2/26/2009 — President Barack Obama presented his budget plan to Congress today. CNN reports on the Obama budget:
One high-profile proposal involves closing the loophole that has allowed some Wall Street investment managers to pay lower tax rates than their low-paid assistants. Wall Street lobbyists have ...
Barack Obama, Barack Hussein Obama -
chicagotribune.com 12/10/2008 — Barack Obama talks to Tribune Barack Obama says his heart will remain in Chicago, even as he moves to Washington. ( Alex Garcia / Tribune / December 9, 2008)
Obama’s Bear
optionarmageddon.ml-implode.com 3/5/2009 —
I will preface this post by emphasizing that it is NOT Barack Obama’s fault that the market has fallen so much on his watch. The American economy was grossly over-leveraged before he was even elected to the Senate in 2004.
The stock ...
Barack Obama unveils $1 trillion economic stimulus package
telegraph.co.uk 12/8/2008 — President-elect Barack Obama has warned that things are going to get worse before they get better as he outlined details of an economic stimulus package that could reach $1 trillion and is designed to lift the United States out of recession.
Potholes in the Stimulus Plan —
The Big Money
This week, the city of St. Louis shut down nearly a third of its bus service. Over a quarter of the city's residents will go without bus access in the largest service cutback the region has ever seen. Sure, Missouri received $546 million in ...
Politics this week —
The Economist: Full print edition
Leaders from the G20 countries gathered in London for an ambitious summit to discuss, among other things, the world recession and reform of the IMF. Gordon Brown, who hosted the event, earlier called for a “new deal” to tackle the ...
Bagehot: Who runs Britain? —
The Economist: Full print edition
Gordon Brown is simultaneously at the peak of his power and bereft of it IN THE gaudy grandeur of the Locarno room in the Foreign Office, the Stars and Stripes and Union Flags embraced like nestling swans. Standing in front of them with Gordon ...
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