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TechnoratiPost tagged with deficit
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Tax Freedom Day!
April 09th, 201010:37 AM ETBy Austin PryorToday is a big day. After laboring for the first 98 days of 2010 at the behest of our governments, today we escape the bonds of servitude. This is Tax Freedom Day: That means Americans [have worked] well over three months of the year, from January 1 to April 9, before they [had] earned enough money to pay this year's tax obligations at t... -
Can't have it both ways
March 03rd, 201002:28 PM ETBy Mark BillerThis report on the "state of the postal service" is a great microcosm of the choices we are going to have to increasingly make over the coming years. There's a big financial problem: The U.S. Postal Service estimates $238 billion in losses in the next 10 years if lawmakers, postal regulators and unions don't give the mail agency more flexib... -
Payback time? NYT looks at the "Debt Bomb"
December 02nd, 200910:33 AM ETBy Joseph Slife"What a good country or a good squirrel should be doing is stashing away nuts for the winter," bond expert Bill Gross said in last Monday's New York Times. "The United States is not only not saving nuts, it's eating the ones left over from the last winter." Gross, founder of Pimco, the world's largest and most influential bond-investment firm, is ... -
"How much debt can a country carry?"
November 04th, 200910:31 AM ETBy Joseph SlifeThe U.S. isn't the only nation where people are worried about the long-term impact of huge levels of government spending and debt. New York Times writer Hiroko Tabuchi reported recently from Tokyo on the economic ill-health of Japan: How much debt can an industrialized country carry before the nation's economy and its currency bow, then break?... -
When a 5,300% gain = a catastrophic loss
October 21st, 200902:16 PM ETBy Joseph SlifeFinancial commentator Jonathan Hoenig, writing at SmartMoney.com, tells a sad (and recent) tale of how runaway inflation can destroy the value of earnings. From May through October of 2008, Zimbabwean stocks skyrocketed, shooting from 72,000 to almost 400,000 by early November as measured by the S&P/International Finance Zimbabwe Index. Fo... -
'The American public is growing concerned'
June 24th, 200910:01 AM ETBy Joseph SlifeThe citizenry appears to be getting increasingly apprehensive about the growth of government spending and the Obama administration's intrusions into the private sector. From MSNBC: As the young Obama administration spends trillions of dollars in its effort to turn around the nation's economy and revive the U.S. auto industry, the American p...
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