Tag Archives: deficit

  • Detroit’s Emergency Manager Declares the City ‘Broke!’

    May 15, 13 by EurPublisher 1 Comment


    *Detroit is in more trouble and of course, it’s fiscal trouble! No one is surprised…especially the city’s new emergency manager. The future is not looking good for the city of Detroit according to the city’s new emergency manager bankruptcy lawyer Kevyn Orr, who was brought in by the governor in March.  He had 45 days to […]

  • The Socialist’s Journal: Cutting Spending

    Nov 19, 12 by Trevor Brookins Leave a comment


    *It is unfair to continually point out the flaws in another person’s solution to a problem without proposing a solution of your own. Doing so is not helping and only criticizing those who are trying to help. I am occasionally guilty of this kind of behavior. I consistently explain what I think is wrong with […]

  • Short-Term Deficit Deal Rejected by Obama

    Jul 11, 11 by EurPublisher 1 Comment


    *Today, President Obama pretty much said any short-term solutions to the debt limit won’t get it done, as Republicans and Democrats prepare to meet just weeks before the country defaults. “If not now, when?” Obama asked at a press conference. “Pull off the Band-Aid,” he said. “Eat our peas.” It’s looking like a deal is […]

  • Is Obama Stuck Between a Rock and a Hard Place with Deficit?

    Apr 13, 11 by EurPublisher 4 Comments


    *President Barack Obama, risking liberal anger and Republican scorn, is turning his attention to the nation’s crushing debt with an anti-deficit framework that tackles politically sensitive health care programs while also increasing taxes. Today, the president plans to deliver a speech outlining his approach to reducing the deficit by lowering spending in Medicare and Medicaid, […]

  • Prez Proposes Two-Year Pay Freeze For Federal Employees

    Nov 29, 10 by EurPublisher 22 Comments


    *This year, the post-Thanksgiving belt tightening isn’t just about too much pumpkin pie: President Obama is proposing a salary freeze for all civilian federal employees over the next two years (military personnel will not be affected). Asserting that this was a difficult decision, Obama put the freeze into the context of a broader effort to […]