Like the two sides of the brain, people use politics both ways. On the right side, they use it to do something that is completely preposterous…
March 11th, 2010 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "congressional budget office"
Paul Ryan and His Roadmap for America’s Future
Meanwhile, here comes more good news: the US federal government may not go broke after all. Rep. Paul Ryan, who hails from the sovereign state of Wisconsin, has come up with a solution.
February 17th, 2010 | Bill Bonner | 13 comments | Continued
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
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
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
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
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
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
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
