Posts Tagged ‘budget’
Federal deficit up 25 percent over last year
Our federal deficit is growing, this year spiking to nearly $590 billion – up 25 percent over last year – according to the latest Congressional Budget Office estimate. The Washington…
Read MoreReport: Congress needs to close $10 billion gap in government spending
The government is spending so far past its budget limits that Congress is about to encounter a record gap. New projections show that the government is on track to spend…
Read MoreEconomic-policy expert: Financial crisis inevitable the longer Congress waits to address entitlement spending
So-called “autopilot” congressional spending – e.g., spending that Congress isn’t allowed to take its red pen to and eliminate from the budget, like food stamps, Medicare, Medicaid, social security –…
Read MoreStudy: These social-security benefits are going to run dry in two decades
It’s no surprise social security is in trouble but the severity of the situation can’t be stressed enough: The well that is social security benefits – specifically, old-age, survivors’ and…
Read MoreICYMI: Congress could learn a lesson in financial stewardship from this Tennessee teen with a heart of gold
Tennessee teen Kevuntez King from age twelve to age nineteen worked selling newspapers so he could go to college without borrowing a dime in student loans – and so his…
Read MoreFormer Senate Budget Committee Chairman: ‘It is still possible to stabilize our debt … so long as we fix our fiscal policy’
Former New Hampshire Governor and former U.S. Senator Judd Gregg in a recent column notes our national debt keeps ticking up, more than doubling from $8 trillion 10 years ago…
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