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Goldman Sachs: The Little Hoovers Are Multiplying, State Budgets Set To Be Major Economic Drag | Investing to Wealth
20 hours ago ago from Investing to Wealth - Macroaxis Blog
Last night we mentioned NY Governor David Patterson, who just announced plans to w ithhold money from state schools in order to keep The Empire State solvent. Paul Krugman would refer to him as a little Herbert Hoover for cutting spending during a recessionary, thus creating a drag on an economy that can ill-afford it. Well, bad news, the little Hoovers are multiplying! As Goldman Sachs (GS) notes (via ShiftCTRL ), all around ...
Related contentObama's 2010 - $3.6 Trillion - Budget and My Money from Taxes to Health Care
23 hours ago ago from Saving to Inve$t
In his speech before a joint session of Congress President Obama promised to deliver America from the current financial crisis and restore the nation to its former glory by promoting 21 st century industries, reforming health care and implementing a more sound financial and taxation system. To do this he said that more money would be required (in addition to the recently passed $787 billion economic stimulus), but that over the next 10 years ...
Related contentTen Economics Paragraphs: December 13, 2009
15 hours ago ago from J. Bradford DeLong's Grasping Reality with a Prehensile Tail
Worth reading: Jonathan Leake on the Younger Dryas: Climate change catastrophe took just month : Six months is all it took to flip Europe s climate from warm and sunny into the last ice age, researchers have found. They have discovered that the northern hemisphere was plunged into a big freeze 12,800 years ago by a sudden slowdown of the Gulf Stream that allowed ice to spread hundreds of miles southwards from the Arctic. Previous ...
Related contentDemocrat Irresponsibility and Greed Triumphant
22 hours ago ago from Texas Broadside
While we're distracted by Christmas shopping and the meltdown of Tiger Woods' career, the Democrats in Congress have rammed through the largest and most bloated budget our country has ever seen, spending 1.1 trillion dollars the nation does not have, putting us further into debt to a total which is expected to be over 14 trillion dollars by the end of the year. I remember with fond nostalgia going after the $800 billion budget in 2008 as ...
Related contentImportant News - Dec. 14
3 hours ago ago from InvestmentWatch
1) Congress Sends Obama Measure With 12% Average Budget Increases Dec. 14 (Bloomberg) Congress gave final approval to a $450 billion spending bill for government agencies providing an average 12 percent budget increase for many programs amid what polls show is mounting public concern over federal deficits. 2) Fastest Food Inflation Since Riots Means Milk Up 39% Global food costs jumped 7 percent in November, the most since February ...
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Hawaii's version of sales tax hides costs
4 hours ago ago from U.S. News
Hawaii's version of sales tax hides costs HONOLULU (AP) -- From riding a tour bus to buying sunscreen, the cost of living or visiting already-pricey Hawaii could soon get higher. Lawmakers are considering a hike in Hawaii's version of the sales tax, a move that would generate millions of dollars for the state's ailing education system and help balance the budget in the midst of the economic downturn. But the proposal has drawn the ire of ...
Related contentSouth Carolina Budget Board Mulls Steep Cuts As Revenue Falls
1 hour, 24 minutes ago ago from Media General - WSPA.com
Search: Keyword Site Web | RSS + - Text Size Print Share This South Carolina Budget Board Mulls Steep Cuts As Revenue Falls Associated Press Published: December 14, 2009 COLUMBIA, S.C. (AP) - Schools, health care, social services and prisons are up for another round of budget cuts as the state's financial ...
Related contentProperty taxes too high and outdated? Don't wait, appeal
6 hours ago ago from WalletPop
Why wait? That's the question more and more homeowners are reportedly asking themselves nowadays as they try to deal with property taxes on their homes that no longer represent anything remotely resembling reality. The Baltimore Sun newspaper tells the story of one man who bought a house for $165,000 last spring, but the state's tax assessment on the property, made two years before his purchase, values the home at $268,000. But rather ...
Related contentStates Release Inmates Early To Cut Prison Costs : NPR
19 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast States Release Inmates Early To Cut Prison Costs December 13, 2009 [5 min 39 sec] text size A A A December 13, 2009 With a sputtering ...
Related contentBipartisan Budget Group Says Deficit Curbs Needed : NPR
2 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Bipartisan Budget Group Says Deficit Curbs Needed by The Associated Press text size A A A WASHINGTON December 14, 2009, 12:34 pm ET A bipartisan group of ...
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