Sunday, September 30, 2007
Bush signs bill to halt shutdown
By Jennifer Loven
ASSOCIATED PRESS
WASHINGTON -- President Bush on Saturday signed a bill to prevent a government shutdown but not without complaint...
The bills are tied up because Democrats want to add $23 billion for domestic programs to Bush's $933 billion request for the approximately one-third of the federal budget funded by the yearly spending bills. Bush has threatened vetoes on most of the bills, eager to re-establish his party's reputation as the place to go for fiscal discipline.
Democrats say their spending add-ons are relatively modest given the overall size of the budget and in comparison with Bush's pending $189 billion request for Pentagon operations in Iraq and Afghanistan in 2008.
Surprise surprise debt has just been expanded by a sizeable percent following the release from the Treasury of our record deficit. The yearly budget is over $4,000 per year per working tax payer. Plus we owe on our debt, state income taxes, state sales tax, local property tax. When markets open will the world say "now is the time to buy US debt because the USA increase cpntrol of it will mean there is less to buy tomorrow", or will the world pass on our debt with current return and demand to recieve more money in return for trusting USA's fiscal sense of responsibility?
Not only will your average American pay much more in taxes. He will pay much more for his debt, including his mortgage.
ASSOCIATED PRESS
WASHINGTON -- President Bush on Saturday signed a bill to prevent a government shutdown but not without complaint...
The bills are tied up because Democrats want to add $23 billion for domestic programs to Bush's $933 billion request for the approximately one-third of the federal budget funded by the yearly spending bills. Bush has threatened vetoes on most of the bills, eager to re-establish his party's reputation as the place to go for fiscal discipline.
Democrats say their spending add-ons are relatively modest given the overall size of the budget and in comparison with Bush's pending $189 billion request for Pentagon operations in Iraq and Afghanistan in 2008.
Surprise surprise debt has just been expanded by a sizeable percent following the release from the Treasury of our record deficit. The yearly budget is over $4,000 per year per working tax payer. Plus we owe on our debt, state income taxes, state sales tax, local property tax. When markets open will the world say "now is the time to buy US debt because the USA increase cpntrol of it will mean there is less to buy tomorrow", or will the world pass on our debt with current return and demand to recieve more money in return for trusting USA's fiscal sense of responsibility?
Not only will your average American pay much more in taxes. He will pay much more for his debt, including his mortgage.
Federal budget surplus balloons to $14B
A booming Canadian economy generated such big tax revenues this past year that the federal budget surplus approached $14 billion, Prime Minister Stephen Harper said Thursday...
So we have Europe concern about inflation and the means to fight it. Canada has a budget surplus. Think real hard what direction our long term rates going in the United States in this world economy.
So we have Europe concern about inflation and the means to fight it. Canada has a budget surplus. Think real hard what direction our long term rates going in the United States in this world economy.
Subscribe to Posts [Atom]