Has spending increased since President Obama took office? In Washington, a simple question like that is never easy to answer. One would assume that using simple math would yield accurate and reliable results, but Washington is never short of different perspectives on how math works.
According to the Economist, when asked how much excessive spending on things like the GSA Las Vegas conference contributed to the debt, 12% of adults said “not much at all”; 31% said “not very much”; 38% said “quite a bit”; and 20% said “a lot.”
Pro-growth policies. A favored catch phrase for some of the G20 leaders who are struggling to maintain popularity in the downtrodden economies of Europe after it’s near fiscal meltdown. But, to some, this phrase is a thinly veiled attempt to re-brand a return to the same type of spending which caused their economies to head south in the first place.
When purchasing large amounts of U.S. debt, you generally must use a primary dealer to bid on that debt at Treasury auctions. Many of the primary dealers are large firms and banks on Wall Street. But not all of them. Since mid-2011, China has been purchasing U.S. debt directly from the Treasury Department.
Last week Scott Walker won the Wisconsin recall election, and the president got off-track saying private sector is doing ok. What are the implications for the presidential election? Gretchen Hamel, executive director of Public Notice, discusses on Mid-Mornings with Ernie Brown on America's Radio News Network.
Gretchen Hamel, executive director of Public Notice, joins Mid-Mornings with Ernie Brown on America's Radio News Network to discuss the results of a national poll from Public Notice showing most Americans believe the country is on the wrong track.
As the federal budget deficit for the first eight months of the year reaches $844 billion dollars, we now learn that the health care reform law, instead controlling the rising costs of healthcare, will raise federal healthcare expenditures by $478 billion by 2021.