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Budget, Spending and Taxes


Q2 GDP Slashed to 1.3%

The third reading on the Q2 GDP just came out and the report was ugly.

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Morgan Stanley Rather Invest in Spain Than in Socialist France

Morgan Stanley Rather Invest in Spain Than in Socialist France

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Risky Business: Games Washington Plays with Your Money

Ever wonder why you feel bad, yet the government says the economy is improving? There is a reason. In the movie Risky Business, when mom and dad, (in this case the taxpayers,) were away, the kids broke loose. Get ready, because Washington is about to drive the new Porsch you paid for into the Potomac.

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Hyperinflation and Double Dip Recession Ahead

Standard & Poor’s (S&P) has given a warning to the US government that it may downgrade its rating by 2013 if nothing is done to address the debt and deficit. What’s the real impact of this announcement?

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UK Mulls VAT Cut to Spur Economy

British shadow chancellor, Ed Balls, is calling for an emergency temporary cut in the VAT to put more money directly into people's pockets and boost consumers feeling the squeeze from rising prices and taxes.

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American's Standard of Living Takes Steep Drop

Think life is not as good as it used to be, at least in terms of your wallet? You'd be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it five decades ago.

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Payroll Firm: Two Month Payroll Cut Not Workable

Most payroll systems cannot meet requirements in that short timeframe.

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What is Fair Share?

What is Fair Share?

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How Good Are the Government's Deficit and Debt Projections and Should We Care?

How Good Are the Government's Deficit and Debt Projections and Should We Care?

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U.S. Households Getting More from Uncle Sam than They Pay In

U.S. Households Getting More from Uncle Sam than They Pay In

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West in Political Crisis has Echoes of 1930's

West in Political Crisis has Echoes of 1930's

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World Bank: US Must Cut Entitlements

World Bank Warns US Must Cut Entitlements

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Barclays Claims Phantom Debt Cuts

Barclays Claims Phantom Debt Cuts

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GAO: Failure to Raise Debt Ceiling Will Not force Default

The US Government Accountability Office released a February 2011 study making it clear that failure to raise the debt ceiling by a specific date would create "debt and cash management challenges," but would not force the US to default on debts.

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CBO: Medicare Trust Drops to $0 in Nine Years

According to page four of the CBO's March 2011 Medicare Baseline Medicare will run out of money in nine years.

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GM Bailout is Shell Game by Most Counts

Many Americans are wondering if Washington is even capable of being truthful. The President recently touted the success of the auto bailouts and Motor Trend agreed, assuring us all was legitimate. In spite of laudatory speeches, the bailout is more shell game than success story. 

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Americans Turn Backs on Mortgage Deductions

Mortgage deductions may be out with the trash. A recent Bloomberg National Poll shows that 49% of respondents are ready to lose their mortgage deduction if it will mean lower overall tax rates. 45% opposed the switch. This varies sharply from prior years when the public showed a 2-1 support for the mortgage deduction.

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