Tag Archives: Budget Deficit

Treasury Ran $98 Billion Deficit in July–But Debt Stayed Exactly $16,699,396,000,000

The Treasury Department’s Financial Management Service (FMS), which publishes both the federal government’s official Daily Treasury Statement and its official Monthly Treasury Statement, is reporting that in July the federal government ran a deficit of $98 billion but that the federal government’s debt … Continue reading

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Eat the Rich!

I decided to repost this great piece from Bill Whittle concerning the budget deficit. For those who live in a fairy land, this may be a rude awakening. In fact, most of these fairy land dwellers and bottom dwellers residing … Continue reading

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State Retirement Crisis

The article below details the growing disparity between promised state retirement promises and their actual funding. North Carolina shares in this fiscal crisis and there are only three ways to proceed: Cut benefits and retirement for state workers. Raise taxes … Continue reading

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Summer of Fire 2011

Alabama is the only state in the union which will not have a budget deficit in 2012. Seven other states have either not reported data or their budget deficit is “not applicable”. The current budget deficit for the fifty (not … Continue reading

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Budget Deficits and now another War

A twelve trillion plus deficit and now another war which doesn’t directly affect our national security may not only prolong our oil energy dependency but promises to deepen the deficit beyond that which our children can pay.  If Gadhafi is … Continue reading

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The Republicans’ Time Is Up – Our Country Is Bankrupt

I remember the celebration among real taxpayers after the November 2010 elections. Happy days are here again and the Republican led House of Representatives will save the country. Really? One of the first consequences was a “deal” with the devil … Continue reading

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Feel Better Now?

With all the news about budgets and the economy, allow me try to make sense of everything. Our federal government takes in about $2 trillion annually. President Obama’s budgets have been over $3.7 trillion.

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