Deficits as far as the eye can see? Washington’s proved they can do it, but why would they want to? Make no mistake, more deficits, large or small, mean our debt continues to grow. But after four years of promises that more spending will improve the economy with nothing but high unemployment, massive debt, and higher taxes to show for it, the last thing Americans are looking for are “deficits as far as the eye can see.”
Our economy is tanking, but the national numbers don’t tell the whole story. We took a look at some individual states and saw how their struggling economies helped paint a more complete picture of our economic woes.
Today the Department of Labor issued a statement saying, “We will assess the situation when the weather emergency is over and notify the press and public of any changes at that time,” concerning the October jobs report, the last report before the Nov. 6th elections.
Get the latest on your state’s unemployment rate, economic condition, budget deficit and more with our State Fact Sheets. The most up to date fiscal and economic data for all 50 states in one place.
“This week the Obamas’ dog, Bo, turned 4 years old. He spent the day the way he always does – digging holes, chasing squirrels, and coaching Obama for the debates.” –Jimmy Fallon
Here’s a roundup of this morning’s must-read budget and economic stories.
Washington is spending and spending. We’re now more than $16 trillion in debt, larger than the nation’s economy. You don’t have to be an economist to see how this is unsustainable and how it’s not creating jobs. Take a look at our new 30 second web video above and see how far in the hole Washington has put us.
Washington is spending and spending. We’re now more than $16 trillion in debt, larger than the nation’s economy. You don’t have to be an economist to see how this is unsustainable and how it’s not creating jobs.
Over the past three and a half years, Americans have heard plans, proposals, and promises about how Washington is going to correct the problems in our economy and stimulate growth.
Here’s our Monday rundown of the economic and market news released last week.