Our resources section is meant to be just that, a place where you can come to find news and information related to the current economic situation as well as the decisions being made by our leaders in Washington. As deficits spiral out of control and our children's future is mortgaged, you can count on StopSpendingOurFuture.org as a place to keep up-to-date on the latest information.
|
|
The $800 billion economic "stimulus" bill may be more appropriately called the "Obama debt plan." It will, after all, dump $6,700 per household of new debt into the laps of our children and grandchildren. Whether it will actually stimulate the economy is another matter. So perhaps politicians can first answer a few questions from the back of the classroom. Read more |
|
|
In his first address to a joint session of Congress, President Obama pledged to cut the federal budget deficit in half in four years.
Keeping that pledge won't be easy.
The Congressional Budget Office is forecasting a deficit for this year of $1.2 trillion.
That forecast does not include the spending package Congress just passed and Obama signed that will add hundreds of billions of dollars to the deficit over the next four years.
Read more
Source: Russell Roberts, NPR |
|
The impact of the stimulus and bailout plans on long-run economic growth has received little attention so far. This is unfortunate. Barring a complete meltdown of the global financial system the possible loss of GDP for most countries is in the range of a couple of percentage points. In contrast, modest changes in economic growth will compound into a much larger percentage within a decade or two. From a policy and welfare perspective, it should be self-evident that sacrificing economic growth to deal with the current crisis is a bad option.
Read more
Source: Daron Acemoglu, The American |
|
|
Few Americans have any idea how bad the financial problems are that President Obama inherited from the Bush administration. Never mind the housing bubble, the bank meltdown, or the bailout scandals – I am talking about the failure of federal government to honestly account either for its own actions or for America's most important programs: Medicare, Social Security, and Medicaid.
Read more
Source: Jim Cooper, Christian Science Monitor |
|
When President Barack Obama delivers his initial speech to Congress Tuesday night, a giant and unresolved question will hang over the proceedings: What's the proper role for the government in today's troubled economy?
In fact, this is the megaquestion of our time.
Read more
Source: Gerald F. Seib, Wall Street Journal |
|
|
|
|
<< Start < Prev 1 2 3 4 5 Next > End >>
|
|
Page 3 of 5 |
