Budget Archive

  • Making (State Budget) Sacrifices

    Making (State Budget) Sacrifices

    Much like the federal version, budgets at the state level are bloated. The fat needs trimming, yet few politicians seem able to muster up the will to do so. For example, the Post-Gazette reports that “technically the [Pennsylvania] budget is balanced, critics said, but that balance...

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  • Failed Federal Budget Means Middle-Class Tax Hike Likely

    Failed Federal Budget Means Middle-Class Tax Hike Likely

    Congress appears unable to pass the 2011 federal budget for the first time since the 1974 Budget Act. House Majority Leader Steny Hoyer (D-MD) essentially admitted the budget would put the nation on a path to hemorrhage trillions more than it has already bled out....

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  • Avis Budget Group (NYSE:CAR) — Room For Downgrades

    Avis Budget Group (NYSE:CAR) — Room For Downgrades

    Avis Budget Group (NYSE:CAR) is a New Jersey-based international company that provides car and truck rentals as well as related services. Given the latest Manheim Used Vehicle Value Index value of 121, a new record, there’s plenty of reason to take a second look at...

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  • US Budget Deficit: Another Government-Sponsored Ponzi Scheme

    US Budget Deficit: Another Government-Sponsored Ponzi Scheme

    Front and center today… Gold has reached a new all-time high this morning. Yesterday I kept watching the shiny metal tick higher and higher, and I would yell out across the desk each rise in gold… Gold was ,250 when I turned on the screens...

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  • UK Budget Butchers Put Public Finances on the Chopping Block

    UK Budget Butchers Put Public Finances on the Chopping Block

    Public finances are on the chopping block in England, but the butchers are using butter knifes and soup spoons. What’s needed is a well sharpened cleaver…and the steely resolve to bring the blade down. Earlier this week, the UK’s new coalition government announced the first round...

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  • US Budget Deficit Hits a New Record, Americans Respond

    US Budget Deficit Hits a New Record, Americans Respond

    For a fresh look at how Americans feel about the budget deficit, you can check out the Onion’s satirical perspective below. Here is one of the comments from the Onion’s American Voices section if the graphic is too hard to read… “I’m not willing to give up...

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