Post Tagged with: "budget deficits"

October 11, 2013 06:30

The Rich (public unions) Get Richer on the Backs of the People

Dr. Leslie Heffez of the IL State Universities Retirement System, will receive a half-a-million-dollar pension in 2013 [and] more than $15,000 in an annual COLA

July 29, 2010 07:43

Growing level of debt increases risk of financial crisis says CBO

“A growing level of federal debt would also increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage its budget, and the government would thereby lose its ability to borrow at affordable rates. It is possible that interest rates would rise gradually as investors’ confidence declined, giving legislators advance warning of the worsening situation and sufficient time to make policy choices that could avert a crisis. But as other countries’ experiences show, it is also possible that investors would lose confidence abruptly and interest rates on government debt would rise sharply.” CBO

July 1, 2010 03:44

Why Obamanomics Has Failed

Uncertainty about future taxes and regulations is enemy No. 1 of economic growth. Almost daily, Mr. Obama uses his rhetorical skill to castigate businessmen who have the audacity to hope for profitable opportunities. No president since Franklin Roosevelt has taken that route. President Roosevelt slowed recovery in 1938-40 until the war by creating uncertainty about his objectives. It was harmful then, and it’s harmful now.