Posts Tagged ‘budget deficit’

U.S. Government Liabilities Leaped $2 Trillion in Fiscal 2010


Tuesday December 21st, 2010   •   Posted by David Theroux at 5:48pm PST   •   0 Comments

In an article from Reuters, David Lawder reports that a new U.S. Treasury report of cash holdings, “The Financial Report of the United States,” shows that the U.S. government went into greater debt in fiscal year 2010 to the tune of additional $2 trillion. Unfortunately, the report does not include the massive land, minerals,…
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As the Wall Street Journal reports in an article by Mark Whitehouse, “Number of the Week: $10.2 Trillion in Global Borrowing”: $10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011 As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it’s…
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State of California to Sell 24 Government Buildings for $2.3 Billion


Saturday October 16th, 2010   •   Posted by William Shughart at 1:30am PDT   •   0 Comments

News item: “California to Sell 24 Government Buildings for $2.3 Billion” (AP, October 12, 2010). As a way of helping plug the State of California’s now-chronic budget deficit, this headline is welcome news. Among the state-owned properties on the auction block are LA’s Ronald Reagan State Building and San Francisco’s Civic Center. I have…
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Obstacle to Deficit Cutting: A Nation on Entitlements


Tuesday September 21st, 2010   •   Posted by David Theroux at 11:24pm PDT   •   1 Comment

In an incisive, recent article in the Wall Street Journal, Sara Murray reports that: “Efforts to tame America’s ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history. “At the same time, the…
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