federal deficit

The US deficit is rising (both total and as a ratio to GDP) since Trump took office. The total deficit for 2018 was $779 billion. As of May 2019, the deficit for the year is $739 billion. Projections for 2019 total are $1.1 trillion. Since that would definitely break the debt ceiling, Dems...

Tea party to GOP: Don't spare Pentagon from budget ax Sounds good to me.

Listening to a Talk Of The Nation discussion yesterday on the proposed across-the-board cuts in government spending, and talk got down to the military. It was the opinion that military spending was a prime area for budget reduction, but how to proceed with two wars being fought and increasing...

http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html?hp So according to this, by simply taxing the rich at the levels in place during the Clinton years, and making cuts to defense spending and ending the wars in Iraq and Af/Pak, I was able to eliminate the deficit...

A lot of key recommendations are listed here, but the big ones making the headlines have to do with Social Security: And as for tax reform: Some of the proposed cuts—like the defense cuts—I can get behind if they were proposed as standalone objectives, but overall, this just seems like an...

So, this isnt my usual forum, but I have known for a while that the US has a budget deficit (no **** Sherlock) but did not consider it ever (forehead palm). Deficit spending has led to a huge national debt. So what are the citizens of the US to do? To me the most practical (and...

http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4&refer=worldwide And only made it deeper and longer? :D

President Obama is making a testable prediction. Odd, I thought it was the Internet bubble, with all its private investment in profitable, growing, desired enterprises that fueled economic growth that outstripped Congress' ability to spend it in the '90s. Here it was just dumping a bunch of...

Okay, so I've heard a lot about I.O.U.S.A. The basic premise is that we suck financially. Okay, there is more to it but you have to see it yourself, the main focus is on the ex-US Comptroller General, so I don't think it is Loose Change BS.I have also read about the projections social security...

http://www.washingtonpost.com/wp-dyn/content/article/2008/02/04/AR2008020400493.html?hpid=topnews The sections that got me were: (And of course, the end) (I'll try to look at the budget itself later.)

Is it time to do something about this? Budget office projects U.S. deficit to hit $477 billion Is the sheer size of these numbers causing people to become numbed to them? How long can we continue to rack up such debt before we hit the wall? Hard to believe that we had a surplus when this...