deficits
The state of Michigan is facing a budget deficit of $1.4 billion this year. How did Governorissimo Rick Snyder decide to fix this problem? By giving businesses $1.8 billion in tax cuts. Whoops! Silly governor, that makes the deficit bigger! This must all be a huge misunderstanding! How could somebody be presented with a problem [...]
LETTING BUSH TAX CUTS EXPIRE WILL BE IMPOSSIBLE: Democrats are now going to struggle like the dickens to let old tax cuts on rich people expire, an extremely popular political move: “Centrists and liberal Democrats told The Hill they support allowing President Bush’s tax cuts on those making more than $250,000 to expire, but said [...]
CHUCK GRASSLEY SUCKS AGAIN: But… but… maybe he’ll reach a compromise that everyone likes! He could still come around! “Aug. 27 (Bloomberg) — Senator Charles Grassley of Iowa, one of three Senate Republicans negotiating on health care, said the soaring federal budget deficit ‘puts a stake in the heart’ of $1 trillion measures being debated [...]
Oh ho ho, read this and you might think our political system has been GRIDLOCKED or something for the last 20 years! “Most Americans continue to want the federal government to focus on reducing the budget deficit rather than spending money to stimulate the national economy, a new New York Times/CBS News poll finds. Yet [...]
No one is investing in anything now — even in newspapers or crappy cars! — so it’ll be hard for every state in the country to lure short-term debt investors, since they’re all expected to become insolvent at some point(s) within the next few years. (Ha ha, sucks not being able to print money, doesn’t [...]
The new president will get a very special gift from the George W. Bush Administration next year: an all-time record deficit of $490 billion American dollars, or “nine Euros.” Before Bush took office in 2001 — and we do mean “took,” har har! — the federal budget deficit didn’t exist, but there was a surplus [...]
