Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts
Friday, January 20, 2017
Wednesday, November 18, 2015
CBO: Social Security Trust Fund Gone In 2029
The Congressional Budget Office now projects that Social Security's $2.8 trillion trust fund will run dry in 2029 — less than a decade before the end of the next president's first term. At that point, an automatic benefit cut of 28% would take effect.
Read More At Investor's Business Daily:
Friday, April 4, 2014
Friday, July 12, 2013
Contrary to the President's Claims, ObamaCare Will Now Add To, Not Reduce, Deficits In First 10 Years...
In September 2009, President Obama promised the country that...
"I will not sign a plan that adds one dime to our deficits — either now or in the future."
Dishonest or Incompetent?
Read More At Investor's Business Daily: http://news.investors.com/#ixzz2YqWV2Spb
Friday, April 26, 2013
Wednesday, March 6, 2013
Tuesday, February 26, 2013
Wednesday, November 7, 2012
Thursday, November 1, 2012
Tuesday, October 30, 2012
Friday, September 21, 2012
Friday, June 15, 2012
Why Government Spending Is Way Out of Control...
Our government's projected budget deficit for fiscal year 2012 is $1.00 trillion.
For every $1 of expected tax revenue, our government is anticipating spending $1.37.
Source: Treasury Department
Friday, April 16, 2010
The U.S. Government Will Spend $31,406 Per Household in 2010
Taxpayers filing their 1040s are likely wondering just where all their hard-earned tax dollars are going, anyway.
Washington will spend $31,406 per household in 2010 — the highest level in American history (adjusted for inflation).
It will collect $18,276 per household in taxes.
The remaining $13,130 represents this year's staggering budget deficit per household, which, along with all prior government debt, will be dumped in the laps of our children.
Government spending has increased by $5,000 per household since 2008, and nearly $10,000 per household over the past decade.
Yet there is no free lunch: If spending is not reined in, then eventually taxes must also rise by $10,000 per household.
Washington will spend $31,406 per household in 2010 — the highest level in American history (adjusted for inflation).
It will collect $18,276 per household in taxes.
The remaining $13,130 represents this year's staggering budget deficit per household, which, along with all prior government debt, will be dumped in the laps of our children.
Government spending has increased by $5,000 per household since 2008, and nearly $10,000 per household over the past decade.
Yet there is no free lunch: If spending is not reined in, then eventually taxes must also rise by $10,000 per household.
Sunday, March 28, 2010
CBO Report: National Debt Will rise to 90% of GDP in 10 Years
Is a new era of fiscal irresponsibility inevitable?
President Obama's fiscal 2011 budget will generate nearly +$10 trillion in cumulative budget deficits over the next 10 years, +$1.2 trillion more than the administration projected, and raise the federal debt to 90% of the nation's economic output by 2020, the Congressional Budget Office (CBO) reported on Thursday March 25th.
President Obama's fiscal 2011 budget will generate nearly +$10 trillion in cumulative budget deficits over the next 10 years, +$1.2 trillion more than the administration projected, and raise the federal debt to 90% of the nation's economic output by 2020, the Congressional Budget Office (CBO) reported on Thursday March 25th.
Subscribe to:
Posts (Atom)
