Negative Space: deficit
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- Paul Ryan on the Death of Serious Budgeting
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“Deficit spending is a lie.”
- Paul Ryan previews FY2012 budget, pushes back on political attacks
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“House Budget Committee Chairman Paul Ryan previews the House Republicans’ FY2012 budget to be launched this week. While Chairman Ryan’s budget is determined to deliver a stronger, more prosperous America for the next generation, too many in Washington remain focused on their next election.”
- Feed Your Family on $10 Billion a Day
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“Seems like these days I hear a lot of whiney whiners whining about ‘out of control government spending’ and ‘insane deficits’ and such, trying to make hay out of a bunch of pointy-head boring finance hooey. Sure, $3.7 trillion of spending sounds like a big number. ‘Oh, boo-hoo, how are we going to get $3.7 trillion dollars? We’re broke, boo-hoo-hoo,’ whine the whiners. What these skinflint crybabies fail to realize is that $3.7 trillion is for an entire year—which translates into only a measly $10 billion per day!”
- Rand Paul budget plan
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“This will be the third year in a row in which the U.S. Government runs a budget deficit near- or greater-than $1 trillion. These deficits are far greater than what is economically sustainable, and economically responsible. The solution to the government’s fiscal crisis needs to begin by cutting spending at the heart of the problem—right here, on Capitol Hill. This proposal would be to cut the Legislative Branch by 23 percent or $1.283 billion in FY 2011. Consistent with many of the spending cuts included in this proposal, the Legislative Branch is taken back to FY2008 levels, and includes the elimination of an outdated agency, the…”
A hundred million here, a hundred million there, but the billions don’t happen until Tuesday.
New York Times economist Paul Krugman says that America’s checks mean we definitely still have money on our balance sheet.