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	<title>Bankrupting America &#187; budget deficit</title>
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	<link>http://www.bankruptingamerica.org</link>
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		<title>Public Pulse: What Shape is the Economy in Today?</title>
		<link>http://www.bankruptingamerica.org/public-pulse-what-shape-is-the-economy-in-today/</link>
		<comments>http://www.bankruptingamerica.org/public-pulse-what-shape-is-the-economy-in-today/#comments</comments>
		<pubDate>Tue, 15 May 2012 15:20:43 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Public Pulse]]></category>
		<category><![CDATA[Series]]></category>
		<category><![CDATA[Topics]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[deficit reduction]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[fiscal crisis]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[government waste]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[increased revenue]]></category>
		<category><![CDATA[raise taxes]]></category>
		<category><![CDATA[tax system]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=30556</guid>
		<description><![CDATA[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?]]></description>
			<content:encoded><![CDATA[<p>According to the <a href="http://ap-gfkpoll.com/main/wp-content/uploads/2012/05/AP-GfK-Poll-May-2012-Topline-final_OBAMA.pdf">Associated Press</a>, 20% of adults say the economy is in good shape and 64% think it is in poor shape.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6229713.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6229713/">Would you say the economy is in&#8230;</a></noscript></p>
<p>According to the <a href="http://cdn.yougov.com/cumulus_uploads/document/s0tv1r0a0f/econToplines.pdf?utm_source=Economist/YouGov+Poll+Results+Week+Of+May+5+2012+&amp;utm_campaign=Google+Analytics&amp;utm_medium=email">Economist</a>, 63% of adults favor doing something now to address the budget deficit; 8% oppose doing something now; and 29% neither favor nor oppose.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6229715.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6229715/">The federal government should act to address the budget deficit&#8230;</a></noscript></p>
<p>According to <a href="http://s3.amazonaws.com/resurgentrepublic.com/resurgentrepublic/production/assets/473/original/rr_may_toplines.pdf">Resurgent Republic</a>, when asked how much of federal government spending is wasted, 4% of registered voters say less than 5%; 7% say between 6% and 10%; 16% say 11%-20%; 18% say between 21%-30%; 14% say between 31% and 40%; 11% say between 41% and 50%; and 22% say more than 50%.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6229723.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6229723/">How much of the federal government is wasted?</a></noscript></p>
<p>According to <a href="http://www.rasmussenreports.com/public_content/business/general_business/may_2012/61_believe_europe_needs_to_cut_government_spending_to_save_economy">Rasmussen</a>, 61% of adults believe cuts in government spending would do more to improve the economic and financial situation in France and Greece than increases. 20% thought more government spending is the better way to go.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6229730.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6229730/">What would help the economic and financial system in Greece and France more?</a></noscript></p>
<p>According to the <a href="http://www.pgpf.org/Issues/Fiscal-Outlook/2012/05/050912-Poll-Toplines.aspx">Peter G. Peterson Foundation</a>, 90% of registered voters agree the current tax system is unfair and too complex and needs to be reformed. 9% disagree.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6229733.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6229733/">The current tax system is unfair and too complex. You&#8230;</a></noscript></p>
<p>According to <a href="http://s3.amazonaws.com/resurgentrepublic.com/resurgentrepublic/production/assets/473/original/rr_may_toplines.pdf">Resurgent Republic</a>, when given two choices, 64% of registered voters say if the federal government were to raise taxes the new revenue would go to increased spending. 28% think the revenues would go to reducing the budget deficit.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6229736.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6229736/">If the federal government were to increase tax rates, the revenues would be more likely to go to&#8230;</a></noscript><span class="thirty">BA</span></p>
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		<title>State News Roundup</title>
		<link>http://www.bankruptingamerica.org/state-news-roundup-67/</link>
		<comments>http://www.bankruptingamerica.org/state-news-roundup-67/#comments</comments>
		<pubDate>Thu, 03 May 2012 18:20:38 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[News Roundup]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Florida]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[medicaid shortfall]]></category>
		<category><![CDATA[north carolina]]></category>
		<category><![CDATA[SpaceX]]></category>
		<category><![CDATA[tourism]]></category>
		<category><![CDATA[Wyoming]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=25489</guid>
		<description><![CDATA[Wyoming plans to spend $7 million nationwide on tourism marketing to promote itself to potential tourists. North Carolina receives mixed news about its economy. Private Space flight in FL has promise to bring new jobs to Cape Canaveral.]]></description>
			<content:encoded><![CDATA[<p>Wyoming <a href="http://www.washingtonpost.com/lifestyle/travel/wyoming-spending-7m-this-year-on-tourism-marketing-to-promote-state-to-travelers-nationwide/2012/05/03/gIQACyFtyT_story.html">plans</a> to spend $7 million nationwide on tourism marketing to promote itself to potential tourists. While gas prices remain high (the national average is $3.803 per gallon of regular) the state still expects a large tourist season. Last year alone the tourism industry generated $2.8 billion and nearly 30,000 jobs for the state. With the Wyoming Office of Tourism Director Diane Shober estimating the same level of turnout this year, it is sure to be a relief to the state’s economy. Wyoming currently is <a href="http://www.bankruptingamerica.org/wp-content/uploads/2012/05/State-Fact-Sheets-20124.pdf">projecting</a> no budget deficit for FY2012 and ran a modest deficit of $140 million last year, leaving it ranked number 33 on a list of states in debt.</p>
<p>North Carolina received some mixed news yesterday as it slides from the number two spot on the list of Best/Worst States for Businesses according to <a href="http://chiefexecutive.net/north-carolina-is-the-3rd-best-state-for-business-2012"><em>Chief Executive</em></a><em>.</em> While its GDP is up 0.12 percent, unemployment remains above the national average at 9.9 percent.  However, the state’s ranking is still considered high as a result of its taxation and regulation policies, workforce quality, and living environment all receiving 4-5 stars.  Additionally, the state still <a href="http://www.cbsnews.com/8301-505245_162-57426102/nc-still-expecting-small-surplus-this-budget-year/">projects</a> to run a budget surplus this year and plans to use the 1 percent surplus of its $19.7 billion budget to close a shortfall in Medicaid this year.</p>
<p>SpaceX, a private contractor for NASA, is currently preparing for a May 7<sup>th</sup> launch in Cape Canaveral Florida, after multiple delays have pushed the project back. While normal contracts would allow for those expenses to be passed on to NASA, the contract with SpaceX will not. NASA used a fixed-price contract when hiring the private firm, which meant that costs associated with new designs, reworkings and delays are taken by the vendor. At the moment, Elon Musk, SpaceX’s founder is said to have put <a href="http://www.washingtonpost.com/blogs/innovations/post/spacex-if-you-had-a-100-million-would-you-spend-it-on-space-travel/2012/05/02/gIQAH3FGwT_blog.html">nearly</a> $100 million of his own money into the project. Still, the project’s ambitious goals of space exploration and eventually reaching Mars are sure to provide ample opportunity in the Cape Canaveral area, as well at their headquarters in California.<span class="thirty">BA</span></p>
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		<title>B.A. Spending Daily</title>
		<link>http://www.bankruptingamerica.org/b-a-spending-daily-250/</link>
		<comments>http://www.bankruptingamerica.org/b-a-spending-daily-250/#comments</comments>
		<pubDate>Tue, 10 Apr 2012 13:28:29 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Government Spending]]></category>
		<category><![CDATA[News Roundup]]></category>
		<category><![CDATA[Series]]></category>
		<category><![CDATA[Topics]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[Buffett rule]]></category>
		<category><![CDATA[General Services Administration]]></category>
		<category><![CDATA[GSA]]></category>
		<category><![CDATA[healthcare]]></category>
		<category><![CDATA[tax code]]></category>
		<category><![CDATA[tax increases]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=24975</guid>
		<description><![CDATA[A roundup of this morning's must-read budget and economic stories.]]></description>
			<content:encoded><![CDATA[<p>Here’s a roundup of this morning’s must-read budget and economic stories:</p>
<p style="padding-left: 30px;"><a href="http://www.rollcall.com/news/senate-budget-committee-move-forward-markup-213692-1.html?pos=hln"><em>Roll Call</em></a><em> </em>says the Senate budget committee will mark up a budget resolution next week.</p>
<p style="padding-left: 30px;">President Obama will travel to Florida today to discuss the Administration’s proposed “Buffett rule.” <a href="http://www.bloomberg.com/news/print/2012-04-10/buffett-rule-targets-can-pay-more-tax-obama-adviser-says.html"><em>Bloomberg</em></a><em>,</em> <a href="http://money.cnn.com/2012/04/09/pf/taxes/buffett-rule/">CNN</a>, <a href="http://thehill.com/video/administration/220637-dems-use-reagan-to-push-buffett-rule"><em>The Hill</em></a><em>, </em><a href="http://news.yahoo.com/obama-puts-taxes-center-campaign-fight-224504824.html"><em>Reuters</em></a><em>,</em><a href="http://www.rollcall.com/news/white-house-lays-out-case-buffett-rule-millionaires-tax-213696-1.html?pos=hln"><em>Roll Call</em></a><em>,</em> <a href="http://professional.wsj.com/article/SB10001424052702304587704577334130244925226.html?mod=WSJ_hp_LEFTTopStories&amp;mg=reno64-wsj"><em>The Wall Street Journal</em></a><em> </em>have the details. <a href="http://dyn.politico.com/printstory.cfm?uuid=21934204-97C9-4CA1-951C-ED873F62CF0F"><em>Politico</em></a><em> </em>says the White House believes instituting the “Buffett Rule” is about instilling “fairness” in the tax code, not reducing the budget deficit. The <a href="http://decoded.nationaljournal.com/2012/04/election-could-hinge-on-the-me.php"><em>National Journal</em></a><em> </em>says Democrats are divided on the approach.</p>
<p style="padding-left: 30px;"><a href="http://www.bloomberg.com/news/print/2012-04-10/top-earners-pay-higher-tax-rate-than-others-without-buffett-rule.html"><em>Bloomberg</em></a><em> </em>looks at fairness in the tax code while <a href="http://money.cnn.com/2012/04/09/pf/taxes/buffett-rule/">CNN</a> looks at the “Buffett rule” specifically.</p>
<p style="padding-left: 30px;"><a href="http://www.politico.com/politico44/2012/04/issa-committee-probing-beyond-obama-gsa-spending-120033.html"><em>Politico</em></a><em> </em>reports the House Oversight Committee will look into GSA spending. Meanwhile, <a href="http://hosted.ap.org/dynamic/stories/U/US_GSA_WASTE?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2012-04-09-18-53-47"><em>The Associated Press</em></a><em> </em>reports another GSA employee has been placed on administrative leave.</p>
<p style="padding-left: 30px;"><a href="http://www.washingtonpost.com/business/economy/health-care-law-will-add-340-billion-to-deficit-new-study-finds/2012/04/09/gIQAti1o6S_print.html"><em>The Washington Post</em></a><em> </em>says a new report shows the 2010 health care law will add $340 billion to deficits over the next 10 years.</p>
<p><span class="thirty">BA</span></p>
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		<title>Public Pulse: Growing the Economy?</title>
		<link>http://www.bankruptingamerica.org/public-pulse-growing-the-economy/</link>
		<comments>http://www.bankruptingamerica.org/public-pulse-growing-the-economy/#comments</comments>
		<pubDate>Tue, 27 Mar 2012 14:35:10 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Public Pulse]]></category>
		<category><![CDATA[Series]]></category>
		<category><![CDATA[Topics]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[expanding the economy]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=24662</guid>
		<description><![CDATA[Weigh in on the important issues. Today we are asking your opinion on the government efforts to expand the economy, how to tackle budget deficits, and where the country is at today.]]></description>
			<content:encoded><![CDATA[<p>According to the <a href="http://cdn.yougov.com/cumulus_uploads/document/3nqergp46v/econToplines.pdf">Economist</a>, 68% of adults think it is extremely important that Washington enact policies that grow and expand the economy; 18% say it is at least somewhat important; 5% say it is somewhat unimportant; and 6% say it is not at all important.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6082455.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6082455/">How important is it that Washington enact policies that grow and expand the economy?</a></noscript></p>
<p>According to <a href="http://americanresearchgroup.com/economy/">ARG</a>, 48% of adults think the U.S. is in a recession while 26% do not think it is in a recession.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6082458.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6082458/">Is the U.S. economy in recession?</a></noscript></p>
<p>According to the <a href="http://cdn.yougov.com/cumulus_uploads/document/3nqergp46v/econToplines.pdf">Economist</a>, 73% of adults think the gap between rich and poor is larger than it was 30 years ago; 3% think it is smaller; and 23% think it’s about the same.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6082461.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6082461/">The gap between the rich and the poor is&#8230;</a></noscript></p>
<p>According to <a href="http://www.rasmussenreports.com/public_content/business/taxes/march_2012/26_willing_to_pay_higher_taxes_to_reduce_federal_deficit">Rasmussen</a>, only 26% of adults would be willing to pay higher taxes to help reduce the federal budget deficit. 64% would not.</p>
<p><script type="text/javascript" charset="utf-8" src="http://static.polldaddy.com/p/6082465.js"></script><br />
<noscript><a href="http://polldaddy.com/poll/6082465/">Would you be willing to pay higher taxes to help reduce the budget deficit?</a></noscript><span class="thirty">BA</span></p>
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		<title>B.A. Spending Daily</title>
		<link>http://www.bankruptingamerica.org/b-a-spending-daily-231/</link>
		<comments>http://www.bankruptingamerica.org/b-a-spending-daily-231/#comments</comments>
		<pubDate>Wed, 14 Mar 2012 12:56:35 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Government Spending]]></category>
		<category><![CDATA[News Roundup]]></category>
		<category><![CDATA[Series]]></category>
		<category><![CDATA[Topics]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[federal reserve]]></category>
		<category><![CDATA[payroll tax cut]]></category>
		<category><![CDATA[subsidies]]></category>
		<category><![CDATA[tax credits]]></category>
		<category><![CDATA[tax laws]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=24325</guid>
		<description><![CDATA[A roundup of this morning's must-read budget and economic stories.]]></description>
			<content:encoded><![CDATA[<p>Here’s a roundup of this morning’s must-read budget and economic stories:</p>
<p style="padding-left: 30px;"><a href="http://www.bloomberg.com/news/print/2012-03-13/budget-deficit-to-total-1-2-trillion-this-year-cbo-says.html"><em>Bloomberg</em></a><em> </em>and <a href="http://nbcpolitics.msnbc.msn.com/_news/2012/03/13/10673121-cbo-deficit-estimate-for-2012-hiked-to-12t">NBC</a> say the budget deficit this year will be higher than originally anticipated.</p>
<p style="padding-left: 30px;">According to <a href="http://content.usatoday.com/communities/theoval/post/2012/03/obama-budget-deficit-rises-with-payroll-tax-cut/1%23.T2CK5Zhia21"><em>USA Today</em></a>, the recently-enacted payroll tax cut will add to this year’s budget deficit.</p>
<p style="padding-left: 30px;"><a href="http://www.google.com/hostednews/ap/article/ALeqM5j8lBtu1PpcEBA32WvY5ewQI740EA?docId=5c0c537fa20d48fe925b3011c4f9f410"><em>The Associated Press</em></a><em> </em>reports there will be a hearing today on Capitol Hill on a bill to cut off Members of Congress’s pay if they do not pass a budget.</p>
<p style="padding-left: 30px;"><a href="http://www.foxbusiness.com/personal-finance/2012/03/14/going-going-gone-tax-breaks-set-to-expire-in-2012/print">Fox News</a> looks at tax laws that are going to expire this year.</p>
<p style="padding-left: 30px;"><a href="http://www.washingtontimes.com/news/2012/mar/13/fed-more-upbeat-about-economic-outlook/?page=all%23pagebreak"><em>The Washington Times</em></a><em> </em>says the Federal Reserve is more optimistic about future U.S. economic growth.</p>
<p style="padding-left: 30px;">According to <a href="http://online.wsj.com/article/SB10001424052702303717304577279863334347238.html?mod=WSJ_business_EconomyNewsBucket"><em>The Wall Street Journal</em></a>, unemployment rates are down in some “key states.”</p>
<p style="padding-left: 30px;">On the editorial page: <a href="http://online.wsj.com/article/SB10001424052702304537904577279822662190852.html?mod=WSJ_Opinion_AboveLEFTTop"><em>The Wall Street Journal</em></a><em> </em>calls out Senators for their support of subsidies while <a href="http://www.nytimes.com/2012/03/14/business/a-nation-with-too-many-tax-breaks-economic-scene.html">Eduardo Porter</a> says the U.S. gives too many tax credits and exemptions.</p>
<p><span class="thirty">BA</span></p>
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		<title>B.A. Spending Daily</title>
		<link>http://www.bankruptingamerica.org/b-a-spending-daily-229/</link>
		<comments>http://www.bankruptingamerica.org/b-a-spending-daily-229/#comments</comments>
		<pubDate>Fri, 09 Mar 2012 14:22:15 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Government Spending]]></category>
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		<category><![CDATA[deficit]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[manufacturing]]></category>
		<category><![CDATA[small businesses]]></category>
		<category><![CDATA[tax credits]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=24203</guid>
		<description><![CDATA[A roundup of this morning's must-read budget and economic stories.]]></description>
			<content:encoded><![CDATA[<p>Here’s a roundup of this morning’s must-read budget and economic stories:</p>
<p style="padding-left: 30px;"><a href="http://www.foxnews.com/politics/2012/03/08/government-records-highest-ever-monthly-deficit/print">Fox News</a> and <a href="http://www.washingtontimes.com/news/2012/mar/8/govt-sets-record-deficit-february/"><em>The Washington Times</em></a><em> </em>report that, in February, the federal government recorded its highest monthly deficit on record.</p>
<p style="padding-left: 30px;"><a href="http://thehill.com/homenews/senate/215023-tea-party-senators-unveil-five-year-plan-to-balance-budget-reform-social-security-and-medicare"><em>The Hill</em></a><em> </em>has details of the Senate Tea Party Caucus’s plan to cut the budget deficit.</p>
<p style="padding-left: 30px;">On Thursday, the House passed legislation aimed at helping U.S. small businesses. <a href="http://thecaucus.blogs.nytimes.com/2012/03/08/house-backs-aid-to-small-businesses/?hp"><em>The New York Times</em></a><em>, </em><a href="http://dyn.politico.com/printstory.cfm?uuid=0E6207B0-2BAB-47DC-A4BD-95992F47A3F9"><em>Politico</em></a><em> </em>and <a href="http://www.washingtonpost.com/politics/house-passes-jobs-bill-with-wide-bipartisan-margins/2012/03/08/gIQAEi6lzR_print.html"><em>The Washington Post</em></a><em> </em>have the details.</p>
<p style="padding-left: 30px;"><a href="http://www.reuters.com/article/2012/03/08/us-usa-taxes-manufacturing-idUSBRE82716I20120308"><em>Reuters</em></a><em> </em>says companies that have little to do with manufacturing are taking a tax credit meant for the manufacturing industry.</p>
<p style="padding-left: 30px;"><a href="http://www.washingtonpost.com/business/economy/obama-unveils-new-foreclosure-measures-to-resuscitate-housing-market/2012/03/07/gIQAJLB3zR_print.html"><em>The Washington Post</em></a><em> </em>looks at new efforts President Obama announced to help revive the housing market.</p>
<p><span class="thirty">BA</span></p>
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		<title>B.A. Spending Daily</title>
		<link>http://www.bankruptingamerica.org/b-a-spending-daily-228/</link>
		<comments>http://www.bankruptingamerica.org/b-a-spending-daily-228/#comments</comments>
		<pubDate>Thu, 08 Mar 2012 14:14:59 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Government Spending]]></category>
		<category><![CDATA[News Roundup]]></category>
		<category><![CDATA[Series]]></category>
		<category><![CDATA[Topics]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[government contractors]]></category>
		<category><![CDATA[retirement benefits]]></category>
		<category><![CDATA[spending caps]]></category>
		<category><![CDATA[subsidies]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=24158</guid>
		<description><![CDATA[A roundup of this morning's must-read budget and economic stories.]]></description>
			<content:encoded><![CDATA[<p>Here’s a roundup of this morning’s must-read budget and economic stories:</p>
<p style="padding-left: 30px;"><a href="http://www.cnbc.com/id/46659684"><em>The Associated Press</em></a><em> </em>and <a href="http://dyn.politico.com/printstory.cfm?uuid=F5909882-0652-4D7A-B94D-03252D80F226"><em>Politico</em></a><em> </em>say some Republicans want to cast aside the budget deal from last year and lower spending caps even further. <a href="http://thehill.com/blogs/on-the-money/budget/214757-gop-sets-key-budget-meeting-for-thursday"><em>The Hill</em></a><em> </em>reports some GOP leaders will hold a closed-door meeting on the issue today.</p>
<p style="padding-left: 30px;">According to <a href="http://www.usatoday.com/news/washington/story/2012-03-06/information-ops-tax-delinquents/53406250/1?csp=34news&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+UsatodaycomWashington-TopStories+(News+-+Washington+-+Top+Stories)"><em>USA Today</em></a>, two senators are looking for ways to recoup unpaid back taxes from government contractors that are delinquent on their tax payments.</p>
<p style="padding-left: 30px;"><a href="http://www.foxnews.com/politics/2012/03/07/stimulus-money-meant-to-help-400-detroit-job-seekers-reportedly-helped-2/">Fox News</a> reports that a Detroit stimulus program that was estimated to help 400 people has only aided two. Meanwhile, <a href="http://www.usatoday.com/news/washington/story/2012-03-06/congress-letters-support-energy-loans/53406730/1?csp=34news&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+UsatodaycomWashington-TopStories+(News+-+Washington+-+Top+Stories)"><em>USA Today</em></a><em> </em>says lawmakers asked the Energy Department to speed up loans to companies in their districts and states.</p>
<p style="padding-left: 30px;"><a href="http://dyn.politico.com/printstory.cfm?uuid=0A1E9ACD-FB4C-4A9A-9C20-163D937F7FF6"><em>Politico</em></a><em> </em>looks at changes that will soon occur on the Senate Finance Committee due to a series of lawmaker retirements.</p>
<p style="padding-left: 30px;">On the opinion pages: <a href="http://www.washingtontimes.com/news/2012/mar/7/cash-for-billionaires/"><em>The Washington Post</em></a><em> </em>says subsidies for natural gas benefit billionaires.</p>
<p><span class="thirty">BA</span></p>
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		<title>B.A. Spending Daily</title>
		<link>http://www.bankruptingamerica.org/b-a-spending-daily-227/</link>
		<comments>http://www.bankruptingamerica.org/b-a-spending-daily-227/#comments</comments>
		<pubDate>Wed, 07 Mar 2012 15:55:06 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Government Spending]]></category>
		<category><![CDATA[News Roundup]]></category>
		<category><![CDATA[Series]]></category>
		<category><![CDATA[Topics]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[highway bill]]></category>
		<category><![CDATA[homeowners]]></category>
		<category><![CDATA[job market]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[Super Tuesday]]></category>
		<category><![CDATA[tax code]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=24144</guid>
		<description><![CDATA[A roundup of this morning's must-read budget and economic stories.]]></description>
			<content:encoded><![CDATA[<p>Here’s a roundup of this morning’s must-read budget and economic stories:</p>
<p style="padding-left: 30px;">According to <a href="http://www.bloomberg.com/news/print/2012-03-07/obama-says-modest-measures-needed-to-trim-u-s-budget-deficit.html"><em>Bloomberg</em></a>, President Obama says the U.S. needs to take “modest” measures to cut the budget deficit.</p>
<p style="padding-left: 30px;"><a href="http://www.nytimes.com/2012/03/07/us/politics/super-tuesday-exit-polls-show-voters-focused-on-economy.html"><em>The New York Times</em></a><em> </em>says the economy was the top issue in Tuesday’s primary races.</p>
<p style="padding-left: 30px;">According to <a href="http://thehill.com/blogs/on-the-money/801-economy/214533-administration-officially-backs-house-small-business-plan"><em>The Hill</em></a>, the White House and the Republican House have agreed to a package of bills aimed at helping small businesses.</p>
<p style="padding-left: 30px;">In remarks to the Business Roundtable yesterday, President Obama said it is time to reform the tax code. <a href="http://www.seattlepi.com/news/article/Obama-says-nation-needs-changes-in-tax-laws-3387044.php%23ixzz1oOHlxeWu"><em>The Associated Press</em></a><em> </em>and <em><a href="http://www.politico.com/politico44/2012/03/obama-pitches-ceos-on-economic-growth-gets-lukewarm-116637.html">Politico</a> </em>have the details.</p>
<p style="padding-left: 30px;">Also Tuesday, President Obama announced another new plan to help homeowners refinance. <a href="http://bucks.blogs.nytimes.com/2012/03/06/refinancing-fees-are-reduced-for-some-f-h-a-borrowers/?ref=business"><em>The New York Times</em></a><em> </em>and <em><a href="http://www.washingtonpost.com/business/economy/obama-unveils-housing-initiatives-for-military-fha-families/2012/03/06/gIQAjW1mvR_print.html">The Washington Post</a> </em>have the details of that proposal. According to <a href="http://www.cnbc.com/id/46642494">CNBC</a>, a former Republican Treasury secretary agrees.</p>
<p style="padding-left: 30px;"><a href="http://dyn.politico.com/printstory.cfm?uuid=CBF99409-A14A-43B9-86C0-713FF5D57E39"><em>Politico</em></a><em> </em>examines continuing Republican negotiations over the highway spending bill that will likely be voted on this spring.</p>
<p style="padding-left: 30px;">According to the <a href="http://www.latimes.com/business/money/la-fi-mo-gas-prices-forecast-20120306,0,1454531.story"><em>Los Angeles Times</em></a>, gas prices will continue to rise. Meanwhile, <a href="http://online.wsj.com/article/SB10001424052970204276304577265510046126438.html?mod=WSJ_hp_LEFTWhatsNewsCollection"><em>The Wall Street Journal</em></a><em> </em>and <em><a href="http://freebeacon.com/young-worker-pay-declines-as-result-of-u-s-unemployment/">The Washington Free Beacon</a> </em>reports that pay for young Americans entering the job market is down.</p>
<p><span class="thirty">BA</span></p>
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		<title>Public Pulse: Where is the government going?</title>
		<link>http://www.bankruptingamerica.org/public-pulse-where-is-the-government-going/</link>
		<comments>http://www.bankruptingamerica.org/public-pulse-where-is-the-government-going/#comments</comments>
		<pubDate>Tue, 28 Feb 2012 17:20:42 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Public Pulse]]></category>
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		<category><![CDATA[Topics]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[direction of government]]></category>
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		<category><![CDATA[regulations]]></category>

		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=23984</guid>
		<description><![CDATA[Weigh in on the best road to decreasing the deficit in this week’s Public Pulse.]]></description>
			<content:encoded><![CDATA[<p>According to the <a href="http://cdn.yougov.com/downloads/releases/econ/20120218_econToplines.pdf">Economist</a>, when given four options and asked how they thought the federal government finances the budget deficit, 38% said by printing more money; 7% said by imposing import quotas; 48% said by borrowing from the public; and 6% said by expanding public works projects.</p>
<p><script charset="utf-8" type="text/javascript" src="http://static.polldaddy.com/p/5988665.js"></script><br />
<noscript>&amp;lt;a href=&#8221;http://polldaddy.com/poll/5988665/&#8221;&amp;gt;How does the federal government finance the budget deficit?&amp;lt;/a&amp;gt;</noscript></p>
<p> According to <a href="http://www.quinnipiac.edu/institutes-and-centers/polling-institute/national/release-detail?ReleaseID=1709">Quinnipiac</a>, 66% of registered voters think the economy is in recession. 30% say it is not in recession.<script charset="utf-8" type="text/javascript" src="http://static.polldaddy.com/p/5988669.js"></script></p>
<p><noscript>&amp;lt;a href=&#8221;http://polldaddy.com/poll/5988669/&#8221;&amp;gt;Is the economy in recession?&amp;lt;/a&amp;gt;</noscript>According to <a href="http://www.people-press.org/files/legacy-questionnaires/2-23-12%20Topline.pdf">Pew</a>, 40% of adults think regulations on businesses are necessary to protect the public interest while 52% say regulations of business usually does more harm than good.</p>
<p><script charset="utf-8" type="text/javascript" src="http://static.polldaddy.com/p/5988671.js"></script><br />
<noscript>&amp;lt;a href=&#8221;http://polldaddy.com/poll/5988671/&#8221;&amp;gt;Regulations on business&#8230;&amp;lt;/a&amp;gt;</noscript></p>
<p> According to the <a href="http://cdn.yougov.com/downloads/releases/econ/20120218_econToplines.pdf">Economist</a>, 12% of adults think people like them can affect what the government does a great amount; 15% say a lot; 25% say a moderate amount; 28% say a little; and 20% say not at all.<script charset="utf-8" type="text/javascript" src="http://static.polldaddy.com/p/5988678.js"></script></p>
<p><noscript>&amp;lt;a href=&#8221;http://polldaddy.com/poll/5988678/&#8221;&amp;gt;How much do you think a person like you can affect what the government does?&amp;lt;/a&amp;gt;</noscript><span class="thirty">BA</span></p>
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		<title>B.A. Spending Daily</title>
		<link>http://www.bankruptingamerica.org/b-a-spending-daily-185/</link>
		<comments>http://www.bankruptingamerica.org/b-a-spending-daily-185/#comments</comments>
		<pubDate>Mon, 27 Feb 2012 15:22:44 +0000</pubDate>
		<dc:creator>BA_Admin</dc:creator>
				<category><![CDATA[Government Spending]]></category>
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		<category><![CDATA[bankruptcy]]></category>
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		<category><![CDATA[energy prices]]></category>
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		<category><![CDATA[polling]]></category>
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		<guid isPermaLink="false">http://www.bankruptingamerica.org/?p=23952</guid>
		<description><![CDATA[A roundup of this morning's must-read budget and economic stories.]]></description>
			<content:encoded><![CDATA[<p>Here’s a roundup of this morning’s must-read budget and economic stories:</p>
<p style="padding-left: 30px;"><a href="http://www.nytimes.com/2012/02/27/us/politics/obamas-unacknowledged-debt-to-bowles-simpson-plan.html"><em>The New York Times</em></a><em> </em>examines President Obama’s efforts to cut the budget deficit. <a href="http://www.miamiherald.com/2012/02/24/2659166/feds-to-curb-improper-payments.html%23storylink=cpy"><em>The Associated Press</em></a><em> </em>says the Administration is making efforts to curb improper Medicare payments.</p>
<p style="padding-left: 30px;"><a href="http://www.businessweek.com/news/2012-02-27/schumer-s-wall-street-backers-targeted-in-tax-fairness-standoff.html"><em>Bloomberg</em></a><em> </em>looks at the Democrats’ plan for taxes. Meanwhile, <a href="http://thehill.com/polls/212643-hill-poll-likely-voters-prefer-lower-tax-rates-for-individuals-business"><em>The Hill</em></a><em> </em>has a new poll out on taxes.</p>
<p style="padding-left: 30px;"><a href="http://www.bloomberg.com/news/2012-02-27/u-s-governors-have-few-answers-as-cities-teeter-on-brink-of-bankruptcy.html"><em>Bloomberg</em></a><em> </em>says the nation’s governors don’t have many solutions for cities that are facing bankruptcy.</p>
<p style="padding-left: 30px;"><a href="http://www.washingtonpost.com/business/economy/economists-see-more-reasons-for-optimism-this-year-but-maintaining-slow-growth-expectations/2012/02/26/gIQA4FlZcR_print.html?sub=AR"><em>The Associated Press</em></a><em> </em>reports economists are more optimistic about the coming year. However, <a href="http://www.bloomberg.com/news/2012-02-27/japanese-shares-climb-as-exporters-gain-on-weaker-yen-won-retreats-on-oil.html"><em>Bloomberg</em></a><em> </em>says energy prices will continue to be a drag.</p>
<p><span class="thirty">BA</span></p>
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