Via Angry Bear, for reference: FY 2012 Federal Budget The following links are to federal government sources for the federal budget, OMB The Budget Summary Tables Terminations, Reductions and Savings TESTIMONY OF JACOB J. LEW DIRECTOR OFFICE OF MANAGEMENT AND BUDGET BEFORE THE SENATE COMMITTEE ON THE BUDGET February 15, 2011
Day: February 16, 2011
I Repeat: Social Security Is *Not* the Problem
I've observed it before, but it deserves repeating. Social Security is NOT the cause of any present or future Federal government deficits. Social Security is NOT financially troubled. Social Security IS financially sound. To the extent the Federal government has a deficit problem (which in reality is much less than people think, but that's another … Continue reading I Repeat: Social Security Is *Not* the Problem
The Fed Has NOT Been Printing Money
A common refrain among the "cut, cut, cut" chicken littles and the hard-money crowd is that "the Fed has turned the printing presses lose printing money". These folks should really join us in the 21st century. That's not how it works and that's not what The Fed has been doing. Quantitative Easing, as well as … Continue reading The Fed Has NOT Been Printing Money
EconProph 