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We Aren’t Greece…Yet

Greece_US

May 11, 2012

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The protests in Greece have shown that Greeks are unsatisfied with the economy. Americans too are in desperate need of jobs and demand deficit reduction from Washington. Check out our latest inforgraphic on the statistics of the two countries and their three main parallels.

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Tags:deficit reduction, fiscal crisis, Government Spending, Greece, United States

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Facts

World at a Glance: Greece & the U.S.

May 11

Once again, Greece finds the international community questioning its ability to pay its debts. Default and an exit from the Euro Zone (or countries which share the Euro as a common currency) threatens on the horizon. Here in the U.S., we face high debts and have a lowered credit rating due to Washington’s inability to agree on deficit reduction. Just how alike are our two nations?

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Public Pulse: What Shape is the Economy in Today?

May 15

According to the Associated Press, 20% of adults say the economy is in good shape and 64% think it is in poor shape. What do you think?

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Public Pulse: Which is more important?

Apr 17

According to Third Way, when given two choices, 60% of Independents say it is more important to reduce the budget deficit; 35% say it is more important to reduce the income gap. Make sure to VOTE!

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Uncertain Austerity

May 7

With public spending accounting for 56% of GDP and a high overall tax rate, new French President Francois Hollande may have little room to put in place his pro-growth policies, should he honor campaign promises to reduce the deficit to 3% of GDP.

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B.A. Spending Daily

May 8

A roundup of this morning's must-read budget and economic stories.

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First Stop: Greece. Second Stop: Spain?

Apr 19

After Greece’s default resulted in sighs and the shrug of global markets, Greece has worked to implement the details of its bailout agreements. This leaves many wondering if the worst for Greece is over.

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B.A. Spending Daily

May 7

A roundup of this morning's must-read budget and economic stories.

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Public Pulse: Wasteful Spending and the Debt

May 1

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.”

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Where in the World Was the Senate?

Apr 30

On the 3rd anniversary of operating without a budget, the Senate announced today that it has considered a proposal, passed the resolution and is waiting on action from the House.

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Wednesday Waste: Job Training for...

May 9

There has been much debate about cutting the expenses of government. A good start may be to re-examine the job training programs that cost the taxpayers billions training workers for jobs that don't exist.

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The Senate's Budget Theater

May 16

It's been over three years since Congress has passed a budget. The obstacle to getting a budget enacted: the U.S. Senate. Both President Obama and the House of Representatives have met their obligations, issuing budget proposals each year, while the Senate sits on its hands.

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B.A. Spending Daily

May 17

A roundup of this morning's must-read budget and economic stories.

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B.A. Spending Daily

May 15

A roundup of this morning's must-read budget and economic stories.

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B.A. Spending Daily

May 10

A roundup of this morning's must-read budget and economic stories.

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B.A. Spending Daily

Apr 30

A roundup of this morning's must-read budget and economic stories.

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The To-Do List

May 9

The president outlined a small legislative agenda yesterday while visiting the State University of New York in Albany. The “to-do” lists contained five measures to foster job creation in the country. The measures were designed to have a direct impact on the middle-class, but little is known about their overall cost.

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