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Budget deficit News

Bowles: Fiscal cliff deal a 'missed opportunity'

Speaking to the financial and general news press, Fix The Debt Coalition Co-founder Erskine Bowles characterized the 'fiscal cliff' solution as a 'missed opportunity.'
In the Media by Michael Krebs

Op-Ed: The economic costs of the U.S. permanent war economy

Washington - Cuts to defense spending are often criticized as leading to lost jobs and less security. However, little attention is paid to the economic costs of what has now become a permanent war economy in the U.S.
In the Media by Ken Hanly - 3 comments

Francois Hollande unveils 75% super-tax in 2013 budget proposal

Paris - French President Francois Hollande's Socialist government unveiled its 2013 budget proposal to tackle the growing deficit. One of the key measures includes a 75 percent temporary super-tax on those making one million euros ($1.28 million).
In the Media by Andrew Moran - 2 comments

Ontario deficit falls to $13 billion, PCs call reduction charade

Toronto - Is it time to celebrate at Queen's Park? New budget figures show that the deficit in Ontario has shrunk by $3.3 billion to $13 billion, but the opposing Progressive Conservatives called the numbers a deception.
In the Media by Andrew Moran

California struggles with soaring budget deficit

California Governor Jerry Brown says California's budget deficit has soared to $16 billion or about $7 billion more than his previously announced estimate of $9.2 billion in January.
In the Media by Leo Reyes

Gingrich tax plan would continue US transfer of wealth

Washington - A proposed tax overhaul by GOP presidential contender Newt Gingrich could cut taxes for all Americans, but those making more than $1 million would receive an average annual tax cut of almost $614,000, new analysis released this week shows.
In the Media by Lynn Herrmann

Warren Buffett not supporting White House 'Buffett Rule'

In an interview with CNBC, Berkshire Hathaway Chief Warren Buffett clarified the nature of his tax increase proposal, saying the 'Buffett Rule' floated by the White House was not in line with Buffetts thinking.
In the Media by Michael Krebs - 4 comments

Michael Moore endorses Obama tax plan, says America is Liberal

Appearing on MSNBC's 'Rachel Maddow Show' on Monday, filmmaker and Liberal activist Michael Moore expressed his pleasure with President Obama's push to implement taxes on upper income Americans.
In the Media by Michael Krebs

Clinton comes out in support of Republican tax reform

In the wake of President Obama's $447 billion jobs bill and ahead of the White House proposal to increase taxes on the nation's high-income earners, former President Bill Clinton came out in support of Republican tax positions on NBC's 'Meet The Press.'
In the Media by Michael Krebs - 6 comments

Toronto budget team asking residents what to cut from city budget

Toronto - As the city of Toronto faces a $774 million budget deficit in 2012, the city's budget team is asking Torontonians what they would cut from the budget. Residents have until June 17 to submit online input.
In the Media by Andrew Moran
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Tax Freedom Day — When does taxation become repression?

Three days ago was the dreaded April 15, the day when the IRS and the Federal government demands that you file your...
Apr 15, 2013 by Walter "Bruno" Korschek

Radical idea — Bust the deficit and reduce corporate influence in elections

While nursing my morning coffee and watching the talking heads argue over pay increases for Congress an Idea occurred...
Jan 5, 2013 by sumdume - 14 comments

What really happened to spending?

How many people, I wonder, read the financial reports produced by their cities? How many of us have any idea how our...
Aug 27, 2011 by Michael F. van Breda

Balancing the budget? Get real!

Why is so much hot air expended on the subject of balancing the “budget”? Doesn't every family know that a budget...
Aug 26, 2011 by Michael F. van Breda

The House of Representatives passed 235 - 193 a FY 2012 budget plan without any Democratic support

The proposal, written by Rep. Paul Ryan (R-WI), would cut spending by at least $5 trillion dollars over the next decade...
Apr 16, 2011 by Molly Zelvonberg
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