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    • Big Dig's red ink engulfs state - pause for Seattle Viaduct rebuild?

      Posted by Jeff from Boston Globe

      Now, three years after the official dedication of the Central Artery/Third Harbor Tunnel, the state is reeling under a legacy of debt left by the massive project. In all, the project will cost an additional $7 billion in interest, bringing the total to a staggering $22 billion, according to a Globe review of hundreds of pages of state documents. It will not be paid off until 2038.

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    • U.S. deficit running at twice last year's

      Posted by Jeff from MSNBC

      Treasury Department said Tuesday that the budget was in surplus in January, but the deficit totals $87.7 billion so far this budget year, double the $42.2 billion imbalance recorded during the same period in 2007. The new budget year started last Oct. 1.

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    • Why the Government Tests Few Chinese Imports

      Posted by statusquobuster from OpEdNews

      Cheap Chinese products are a powerful and insidious destructive force. Free trade globalism more than violent terrorism or military attack is bringing America to its knees. The Chinese have us by our budget-deficit balls. Our government depends on China for loaning us money and for not dumping the vast hoard of over one trillion dollars it has accumulated by financing our huge deficits and selling us virtually everything. Dumping dollars is called the Chinese economic nuclear option.

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    • Budget deficit may drop this year

      Posted by Jeff from Seattle Times

      Republicans already are contending that the revenue jump proves their argument that tax cuts, especially the 2003 tax cut on stock dividends, would spur the economy and ultimately increase revenues. Democrats and many independent budget analysts note that revenues have barely climbed back to the levels reached in 2000, and that the government has spent trillions of dollars from Social Security surpluses just as the first of the nation's baby boomers are nearing retirement.

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    Billbar comments on:

    Audit: $9 Billion Unaccounted for in Iraq

    I recall reading some time ago that the Pentagon wastes about $50 billion every year.

    Reply »

    1:51 pm 9/20/06
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    statusquobuster

    Member since Dec 2008

    No city


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