Clik here to view.
Spending Cuts and Accounting Gimmicks
Three weeks ago, President Obama and Congress reached an agreement on the 2011 Federal budget. Keep in mind that the government’s fiscal year started on October 1, 2010. Thus, we were already more...
View ArticleClik here to view.
U.S. Credit Rating Outlook – Is the Third Time a Charm?
You may have heard the cliché, “The third time is a charm.” When it comes to the future credit rating of the U.S. government, the cliché, “Three strikes and you’re out,” might be more applicable....
View ArticleClik here to view.
Decoding the Debt Debate
If you’re following the current debate on raising the debt ceiling, you’re probably frustrated. Your angst may be triggered by, the partisan bickering, the lack of great leadership or the uncertainty...
View ArticleClik here to view.
A New Record
On Wednesday, the United States of America established a new record, although it may not be one we want to boast about. As of the close of business on Wednesday, the U.S. total debt exceeded $15...
View ArticleClik here to view.
Should I Refinance My Mortgage?
Mortgage interest rates are at historically low rates. Consequently, you may be wondering if it makes sense to refinance your mortgage. Although there may be a variety of reasons for refinancing your...
View ArticleClik here to view.
Arithmetic
A few weeks ago, former President Clinton scored political points while criticizing the economic plan of Gov. Mitt Romney. He touted the Federal budget surpluses during the final years of his...
View ArticleClik here to view.
Avoiding the Cliff but what about the Abyss?
Congress and President Obama finally reached an agreement to solve the “fiscal cliff.” The compromise, the American Taxpayer Relief Act of 2012, was reached in the early morning hours of January 1,...
View ArticleClik here to view.
Sequestration: The Destruction of a Nation?
Unless there is a last-minute deal in Washington, which no one expects to happen, the reductions in federal government spending known as sequestration will start tomorrow. Some politicians,...
View ArticleClik here to view.
Add Another Trillion
In the midst of the hullabaloo last week over the deal in Washington to end the shutdown of the U.S. government, a little fact missed the attention of most reporters and media outlets. The public debt...
View ArticleClik here to view.
The Budget Deal: And the Winners Are?
Within the last two days, the U.S. House and Senate have passed the Consolidated Appropriations Act, 2014, a $1.1 trillion spending bill for the 2014 federal budget. So who are the winners in this...
View Article
