A WashingtonWatch.com user and subscriber to the email list wrote in and asked the following questions:
Hello — I am a total “newbie” to your site — but I am trying hard to become educated about what goes on in Congress — my question is: every week I receive your updates listing these various bills and [...]
That was Cokie Roberts on ABC’s This Week with George Stephanopoulos as the Sunday morning panel sought to figure out what the April 15 tea parties were all about.
Was it about taxes? Well, taxes haven’t gone up. In fact, they’ve gone down – but they might have to go up given the [...]
I’ve written here a few times about the work of the Peter G. Peterson Foundation to educate YOU on national debt issues. Well, they’re still at it – because you don’t know enough yet.
Little did you know, you’ve retained the accounting firm of Owen & Payne to handle your financial issues. And boy [...]
In the news this week, we learned that the Congressional Budget Office had come up with new estimates for this year’s federal deficit.
Here’s the upshot of the report:
Largely as a result of the enactment of recent legislation and the continuing turmoil in financial markets, CBO’s baseline projections of the deficit have risen by more [...]
The Peter G. Peterson Foundation tweets the national debt every day, and today it just crossed above $11 trillion dollars. That’s a lotta samolians.
In fact, $11 trillion is about $112,000 per family, or $36,000 per person. That’s your debt even if you’ve got all your credit card bills paid up – just for [...]
This morning’s Washington Post has a good article on the broad policy shifts represented by President Obama’s FY 2010 budget, which was introduced last week.
And it has some eye-popping information:
[President Obama's] plan would produce annual deficits far larger in dollar terms than any recorded before the recession. As a percentage of the overall economy, the [...]
The Congressional Budget Office has produced a cost estimate for the conference agreement on H.R. 1, the American Recovery and Reinvestment Act of 2009 – the version of the bill being debated in both the House and the Senate today.
Our number crunching comes up with the following results: The bill costs the average U.S. family [...]
President Obama went before the cameras tonight for his first press conference, aimed at selling the economic stimulus bill being debated in Congress as H.R. 1, The American Recovery and Reinvestment Act of 2009.
Anyone watch? Let’s hear your assessment in the comments. Here’s a transcript. (I was at the gym.)
A cloture vote on a [...]
[Update: In my haste to report this to you, I deviated from the usual way costs are reported here. The figures reported below and in the title are what the stimulus would add to the national debt, not the cost per family/person as we usually report it here on WashingtonWatch.com. (See the "about" page for [...]
Reuters reports:
President-elect Barack Obama’s team is considering a plan to boost the recession-hit U.S. economy that could be far larger than previous estimates and might reach $1 trillion over two years, the Wall Street Journal reported on Saturday.
That’s just under $1,000 per U.S. family.
Will it stimulate your economy for the government to tax [...]