Sen. Roland Burris (D-IL) reported raising just $845 during the first quarter of the year and had $111,032 in debts from defending himself in ongoing ethics and perjury probes, the Chicago Tribune reports.
jerseyhoya wrote:The following is from Marc Ambinder, which certainly gives the impression that Obama's numbers going forward include Social Security and Medicare. It's just that surpluses are disappearing due to demographic shifts, so it starts to hurt the overall budget pictures.President Obama's FY 2010 budget outline includes ten years' worth of deficit projections. As Obama noted two nights ago, he intends to cut the federal budget deficit from $1.75 trillion in 2009 to $533 billion by the end of his first term.
But what's projected for 2014? A slightly higher deficit -- $570b. For 2015? $583b. By 2016, the deficit exceeds $636b again; by 2019, it's up to about $712b.
The budget projects that the national debt will increase nearly two-fold over 10 years, from $8.3 trillion in 2009 to $15.3 trillion in 2019.
So why does the deficit go up? Largely, it's because the baby boom generation is retiring and taking Social Security checks. Social Security spending rises fairly dramatically over the next ten years.
dajafi wrote:
The out-year projections scare me too--I'm enough of a deficit worrier that I'm not even sure some variant of a balanced-budget amendment is a terrible idea. Entitlement and/or tax reform has to follow the big expansions of services now proposed.
drsmooth wrote:dajafi wrote:
The out-year projections scare me too--I'm enough of a deficit worrier that I'm not even sure some variant of a balanced-budget amendment is a terrible idea. Entitlement and/or tax reform has to follow the big expansions of services now proposed.
I'm probably oversimplifying, but that last downswing beginning in '14 or so is where we can all turn to the immigration paranoids & say "told you so"
dajafi wrote:drsmooth wrote:dajafi wrote:
The out-year projections scare me too--I'm enough of a deficit worrier that I'm not even sure some variant of a balanced-budget amendment is a terrible idea. Entitlement and/or tax reform has to follow the big expansions of services now proposed.
I'm probably oversimplifying, but that last downswing beginning in '14 or so is where we can all turn to the immigration paranoids & say "told you so"
True that. What's going to be interesting in the immigration debate is when we decide we want to start competing for them--the ones who add economic value anyway. IIRC Canada and western Europe are already doing this; if you've got a college degree or better, you're basically in.
dajafi wrote:True that. What's going to be interesting in the immigration debate is when we decide we want to start competing for them--the ones who add economic value anyway. IIRC Canada and western Europe are already doing this; if you've got a college degree or better, you're basically in.
jerseyhoya wrote:Dodd raised $1 mil this quarter, which is impressive. Of that total, he raised $4,250 from Connecticut residents.
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I've never seen a number like that in my life.
jeff2sf wrote:re: the terror memos.
I'm trying to decide if I can live with just "Never Again".
I think I can, but I may change my mind.
TenuredVulture wrote:Posting from the Republic of Texas.
I don't see the tanks rolling or anything. Had some pretty good Thai food though.
And NPR is still broadcasting.