Duh! As well as trillions in deficits for a decade...
CBO also has substantially weakened its outlook for the economy compared to its January report. It now expects 2.3 percent growth in 2011 and 2.7 percent growth in 2012, compared to a January forecast of 3.1 percent growth for the year.
CBO forecasts 8.5 percent unemployment at the end of 2012, when President Obama faces reelection.
A change is needed fast, 2012 will not come soon enough.
Duh! As well as trillions in deficits for a decade...
CBO also has substantially weakened its outlook for the economy compared to its January report. It now expects 2.3 percent growth in 2011 and 2.7 percent growth in 2012, compared to a January forecast of 3.1 percent growth for the year.
CBO forecasts 8.5 percent unemployment at the end of 2012, when President Obama faces reelection.
A change is needed fast, 2012 will not come soon enough.
Senate Democrats on the supercommittee say the group needs to include stimulus for the economy in the deficit-reduction plan it has been tasked with producing by Thanksgiving.
The three Senate Democrats serving on the 12-member deficit supercommittee outlined their approach to the talks in a Wall Street Journalop-ed published Wednesday.
Only in the world of the terminally insane does this make sense. I just want to scream...
Senate Democrats on the supercommittee say the group needs to include stimulus for the economy in the deficit-reduction plan it has been tasked with producing by Thanksgiving.
The three Senate Democrats serving on the 12-member deficit supercommittee outlined their approach to the talks in a Wall Street Journalop-ed published Wednesday.
Only in the world of the terminally insane does this make sense. I just want to scream...
Mark Steyn explains how Government spending cuts really work...
Under the “historic” “resolution” of the debt crisis (and don’t those very words “debt crisis” already feel so last week?), America will be cutting federal spending by $900 billion over ten years. “Cutting federal spending by $900 billion over ten years” is Washington-speak for increasing federal spending by $7 trillion over ten years. And, as they’d originally planned to increase it by eight trillion, that counts as a cut. If they’d planned to increase it by $20 trillion and then settled for merely $15 trillion, they could have saved five trillion. See how easy this is?
Double dip may be back. It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again.
That $5 TRILLION dollars San Fran Nan, Dingy Harry and Barry Soetoro flushed down the crapper didn't solve the problem?
Must just be more of those headwindsMr. Shipman Jay the Carney talked about...
The Boehner bill, assuming it passes the House today, likely will be rejected by the Senate. That’s a scenario I like a lot more than never having passed the bill at all. And if lightening struck and it was passed, or something very similar to it passed, then we have advanced the runners and we still are at bat.
Not just conservatives, but every American should listen.
Sessions is calling on the party of no budget for 805 days to do what the law says they HAVE to do!
One of the few things mandated for Congress to do every year is pass a budget. According to the Congressional Budget Act, signed into law in 1974, the Senate Budget Committee must produce a budget resolution by April 1st and adopt a conference agreement on that budget by April 15th. Furthermore, a budget must include total levels of spending, revenue, and deficits for no less than five years.
