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Spend first, pay later
14 hours ago ago from Signs of the Times
The International Business Times has just reported that House Majority Leader, Steny Hoyer, says Congress may need to raise the U.S. federal debt ceiling by $1.8 trillion. “It is December,” House Appropriations Committee Chairman Dave Obey said, “we don’t really have a choice. The bill’s already been run up; the credit card has already been used. When you get the bill in the mail you need to pay it,” he added. By “pay ...
Related contentThe Trigger Point for Taxes
20 hours ago ago from Political Calculations
Today, we're celebrating our fifth anniversary as we have in previous years by sharing the most amazing discovery we've made in the past year. Unlike the previous three years, in which we put the entire history of the S 500 at Your Fingertips , uncovered the basic fundamental relationship of the stock market and revealed how changes in investor expectations directly drive stock prices, today's post has nothing to do with the stock market. ...
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16 hours ago ago from Britannia Radio
Two more reviews of yesterday's . Neither gives the production anything but a Christina ================================ CITY AM 10.12.09 Pre-Budget report: Britain is sleep-walking towards a fiscal meltdown EDITOR'S LETTER - ALLISTER HEATH SO there you have it. Britain's bankers are in line for an extraordinary dose of collective punishment, everybody is being hit by a jobs-destroying hike in ...
Related contentSuper Tax, The Contrarian Pick of 2009, A Hot Commodity and More!
14 hours ago ago from 5 Min. Forecast
by Addison Wiggin & Ian Mathias Behold, the super tax : U.K. set to soak the rich The 5, Mick Jagger on why it won t work Big contrarian winner of 2008 goes against the grain again Is Bank of America the buy of 2009? Dollar upstaged by Kiwi? Chuck Butler on the miracle of interest rate differentials Chris Mayer with a hot commodity no one is talking about but everyone needs Plus, continued debate on the estate tax, and a real live tax exile ...
Related contentDemocrats To Lift National Debt CeilingAnother $1.8 Trillion This Year
17 hours ago ago from Say Anything
And they're going to get it done this year instead of next year. Because they want you voters to forget about it in time for the elections . In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections. “We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny ...
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Payback Time: A Tax at Every Turn
7 hours ago ago from The New York Times
Runaway federal deficits have thrust a politically unsavory savior into the spotlight: a nationwide tax on goods and services. Harry Hamburg/Associated Press The House speaker, Nancy Pelosi. Multimedia Payback Time The Debt Bomb Articles in this series will examine the consequences of, and attempts to deal with, growing public and private debts. Ruth Fremson/The New York Times John ...
Related contentPelosi to propose raising debt ceiling
14 hours ago ago from Washington Post - Business
With the national debt projected to soar by nearly $1.4 trillion this year, congressional Democrats are planning a year-end push to dramatically increase the legal debt limit so they don't have to revisit the politically uncomfortable issue in 2010, when they will face voters in November. House Speaker Nancy Pelosi (D-Calif.) said Thursday that she would include legislation to raise the debt ceiling in a must-pass defense spending bill ...
Related contentBBC News - Greeks fear times will get tougher
15 hours ago ago from BBC
Greek stage workers are striking amid fears for their jobs Fears that Greece will be unable to pay off its debts, after a cut in its credit rating, are reflected by a deep pessimism on the streets, says Philip Pangalos in Athens. Most ordinary Greeks are increasingly fed up with government pledges to deal with the country's mounting fiscal woes, the reality that tougher times lie ahead and that they will probably have to foot ...
Related contentGerman Budget Sees Spending Rising by 11%
1 hour, 4 minutes ago ago from Wall Street Journal
BERLIN -- German Finance Minister Wolfgang Sch uble is set to finalize the new government's first budget, which will be based on record debt levels and a gloomy outlook for public finances. In a meeting with his counterparts from Germany's 16 states, Mr. Sch uble presented figures that put his government's net debt requirement at 86 billion ($126.6 billion) for next year -- more than twice the 37.5 billion predicted for this year. ...
Related contentHanesbrands Inc. Completes New Growth-Focused Debt Structure and Reaffirms 2010 Sales Growth Guidance
12 hours ago ago from PopEater
Hanesbrands Inc. (NYSE: HBI), which is reaffirming its 2010 outlook for approximately $200 million in additional sales from net shelf-space gains, a 5 percent increase, today completed a growth-focused debt refinancing that enables the company to simultaneously reduce leverage and consider acquisition opportunities. The refinancing, which was positively received by the capital markets, gives the company much more flexibility in its use of ...
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