Archive for March, 2012

Message from the Boardroom

Thursday March 8th, 2012   •   Posted by Craig Eyermann at 10:02am PST   •   2 Comments

If you were a CEO of one of America’s largest companies, what message would you want to deliver to the President and to members of the U.S. Congress? Would you believe it’s “balance the federal budget, lower business taxes, and reform regulation?” Roll Call‘s Kate Ackley reports: Fresh out of a meeting with members…
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Where’s the Cheese? The Geography of Government Transfers

Wednesday March 7th, 2012   •   Posted by Emily Skarbek at 4:51am PST   •   6 Comments

A few weeks ago, the New York Times posted a nice info-graphic on the dispersion of government transfers over time. The report show that American’s income that comes from government transfer programs has more than doubled over the last 40 years, rising from 8 percent in 1969 to 18 percent in 2009. The info-graphic…
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Super Tuesday Special: How Does Each Candidate Rate?

Tuesday March 6th, 2012   •   Posted by Stephanie Freedman at 11:33am PST   •   0 Comments

CNN Money offers a clear cut break down of what each candidate’s budget plan would do for the deficit: Newt Gingrich’s plan Debt over next decade: Adds $7 trillion, increasing debt to GDP to 114%. Costliest proposal: Create an alternative flat tax of 15%, which would increase debt by $3.4 trillion. Biggest cost saver: Turn means-tested federal programs…
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Nothing “Interesting” About These Numbers

Monday March 5th, 2012   •   Posted by Stephanie Freedman at 12:07pm PST   •   2 Comments

CNN reports the monstrosity of a bill that our interest alone will be handing the U.S. in the coming future. Uncle Sam will shell out more than $5 trillion in interest payments over the next decade, according to the latest projections from the Congressional Budget Office. That’s more than half of the projected $11 trillion…
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Fiscal Discipline?

Monday March 5th, 2012   •   Posted by Emily Skarbek at 11:50am PST   •   0 Comments

Last week, Moody’s cut Greece’s credit rating to the lowest level on its scale, citing risk of default despite the recent write-off deal. Moody’s said the rating decision was “prompted by the recently announced debt exchange proposals for Greece, which imply expected losses to investors in excess of 70%.” The sovereign debt crisis in…
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Lessons from Washington: How to Pass a Budget

Monday March 5th, 2012   •   Posted by Craig Eyermann at 8:37am PST   •   2 Comments

There’s a great story that broke over the past weekend from the floor of the senate in Washington state that certain Senators in Washington D.C. can afford to learn: how to pass a budget! To set the stage, here are the remarkable similarities between the between the two legislative bodies: Both legislative bodies are…
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Fannie and Freddie Limbo

Friday March 2nd, 2012   •   Posted by Vern McKinley at 4:31pm PST   •   1 Comment

This week Fannie Mae, one of the two mortgage giants bailed out in September 2008 at the height of the financial turmoil that year, released its 2011 financial results. Management revealed losses of over $2 billion in the last quarter of 2011, nearly $17 billion for all of 2011 and asked for almost $5…
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That’s How the Potato Chip Crumbles

Thursday March 1st, 2012   •   Posted by Craig Eyermann at 4:02pm PST   •   3 Comments

On February 28, 2012, the United States Government Accountability Office issued its second-ever report on duplicative or poorly-controlled spending by various departments of the federal government. Or in other words, taxpayer money that is being wasted every day because too many government departments are spending way too much money trying to do either the…
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