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Budget Deficit Tag

Posted by William A. Jacobson on February 08, 2011 2 Comments

Personal and national debt burdens are moving in opposite directions (charts via Bubble Meter, one of my favorite blogs).Household debt service payments as percentage of disposable personal income:Contrasted with federal budget deficit as percentage of GDP:--------------------------------------------Follow me on Twitter, Facebook, and YouTubeVisit the Legal Insurrection Shop...

Posted by William A. Jacobson on February 01, 2011 4 Comments

Granted, it's not Tang or memory foam, but trillions of government debt did result in health advice no one else could have thought of:Government’s Dietary Advice: Eat Less This successful conclusion to FDA research actually was in doubt for decades:"While the recommendations may seem obvious, it is nonetheless considered major...

Posted by William A. Jacobson on January 23, 2011 11 Comments

First draft of Obama's upcoming State of the Union Address, as edited by the White House communications team:My Fellow Americans, I have a plan, but I can't tell you about it because you are worried about jobs.  If I really cared what you thought about...

Posted by William A. Jacobson on January 03, 2011 8 Comments

The nation's "debt ceiling" will need to be raised early in the next Congress to accomodate the new reality of trillion-dollar-plus annual deficits.The possibility that the Republican House will refuse to raise the debt ceiling is the favorite topic of discussion in the media and...

Posted by William A. Jacobson on December 23, 2010 14 Comments

I told you so, I told you so, I told you so.The worst aspect of Obamacare is that we have delegated enormous amounts of power through regulation to the Department of Health and Human Services.  Obamacare is the structure, but for every page there will...

Posted by William A. Jacobson on December 20, 2010 6 Comments

Republicans in the Senate collectively agreed that there would be no votes on any legislation unless and until expiring marginal tax rates and the budget continuing resolution were passed.That agreement held together through the passage of "tax deal" and the defeat of the Omnibus bill.Then...

Posted by William A. Jacobson on December 17, 2010 2 Comments

Via Public Secrets:[youtube=http://www.youtube.com/watch?v=sHcXtG_C3qM?fs=1]But, could we have held the tax rates steady without the Christmas Tree ornaments hung onto the bill?--------------------------------------------Follow me on Twitter, Facebook, and YouTubeVisit the Legal Insurrection Shop on CafePress!...

Posted by William A. Jacobson on December 15, 2010 6 Comments

Harry Reid lowered the boom yesterday, rolling out a $1.1 trillion, 1,924-page Omnibus Budget bill, which was sure to infuriate Republicans in the Senate.To roll out such a provocative bill at a time when Reid has an extraordinarily tight calendar on a variety of social and...

Posted by William A. Jacobson on December 10, 2010 33 Comments

When the "framework" of the tax deal was announced, I wrote that Obama "had a pretty good day."As the details of the actual bill are coming out, it looks like Obama had a great day, Senate tax bill lures Democrats with sweeteners:But in the face...

Posted by William A. Jacobson on November 13, 2010 15 Comments

I saw this coming from a mile away (actually, 17 months away).  I wish I had bet big money against this prediction made in June 2009:Anyone want to bet that there will be a cover story somewhere next year calling Obama the deficit killer?The prediction was...

Posted by William A. Jacobson on November 08, 2010 16 Comments

That seems to be the question the media does not want to ask.  Instead, it all is about whether Republicans have taken a government shut down, or at least a refusal to lift the debt ceiling, off the table.This meme has it backwards.The Republicans in...

Posted by William A. Jacobson on October 15, 2010 1 Comment

What timing.  Earlier today a reader sent me this photo, which she took in Athens, TN, for my bumper sticker collection:And moments ago, new deficit numbers were released by the federal government, showing that the annual deficit was $1.294 trillion, the second highest in history...

Posted by William A. Jacobson on September 24, 2010 4 Comments

Next time a Democrat pushing another failed liberal policy says you are heartless and we have to help the children, you should agree that we have to help the children, but point out that they are the ones without any heart. Via Ed Morrissey:[youtube=http://www.youtube.com/watch?v=EPOLBgQ3uYk?fs=1](FYI, Joe Demos'...

Posted by William A. Jacobson on September 15, 2010 30 Comments

The victory last night of Christine O'Donnell over Mike Castle in the Delaware Republican Senate primary signals a sea change.  Not so much because O'Donnell won over the heavily favored establishment GOP candidate; that pattern is not new this election season.Instead, the reaction of the...

Posted by William A. Jacobson on September 04, 2010 13 Comments

The announcement that General Motors would sell shares in an initial public offering was greeted as vindication for the federal government bailout of GM.  The IPO would be a way to pay back taxpayers and even to generate a profit for the government.But it is...

Posted by William A. Jacobson on September 01, 2010 1 Comment

The much ballyhooed mini-Stimulus passed in August to help avoid teacher layoffs already was in trouble because many school districts were sitting on the money rather than hiring teachers.Now the Republican Governor of Rhode Island, Donald Carcieri, has gone one step further, using the funds to...

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