All Posts Tagged With: "congressional budget office"

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Bankers Betting That the Money Given by Feds Will Be Worth Less Next Year

So far the bet has gone their way. Copper has doubled. Gold is up 20%. Stocks markets all over the world are up 60%. Foreign currencies, too, have beaten the dollar.

October 27th, 2009 | Bill Bonner | 2 comments | Continued
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Obama Considers New Job Tax Credit

Hey, why not! They had such great success with the Clunker tax credit…and with the first time house buyer tax credit.

October 8th, 2009 | Bill Bonner | 4 comments | Continued
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Fed’s Balance Sheet Increases As Much As $2 Trillion

Ben Bernanke was put up for another term as head of the Federal Reserve. And the Obama administration said the downturn was a little worse than it had thought, so it’s estimate for the 2010 budget deficit had to be updated – increased by 19%…

August 27th, 2009 | Bill Bonner | 0 comments | Continued
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CBO is Not a Doom-and-Gloom Forecasting Service

This should be rather surprising to anyone who actually took Obama at his word when he promised to restore fiscal discipline to Washington. In fact, the CBO projects that the outstanding federal debt held by the public will increase from 40.8% of GDP in 2008 to 82.4% in 2019.

April 24th, 2009 | Robert P. Murphy | 0 comments | Continued
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U.S. Government Spending $13 trillion to ‘Fix’ Problems

As near as we can tell, the financial world conveniently remained on hold while we were gone. As of Sunday night, little had changed. Gold, stocks…economists…politicians – they’re all about where we left them.

April 22nd, 2009 | Bill Bonner | 0 comments | Continued
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Greatest Economic Disaster in Recorded History

“The coming great inflation will destroy America’s economic leadership. It will lead – eventually – to the return of settling international obligations in gold instead of paper dollars. And this will happen much faster than anyone expects.

April 16th, 2009 | Porter Stansberry | 10 comments | Continued
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Lying Heads of the United States Congressional Budget Office

Now that aggregate government spending is approximately half of all spending in the United States, the major point of all the recent losses is the effect that Florida, like many states, is discovering to its horror that tax revenues are falling as the economy spirals down and down. The state governments are reacting as you would expect, initiating all kinds of tiny spending cuts, massive stealth tax hikes…

September 23rd, 2008 | Mogambo Guru | 1 comment | Continued
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