Comments on: A Grim Budget Outlook

By: Mary Marmerchant

Mary Marmerchant — Fri, 07 May 2010 06:59:14 +0000

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By: Small Business Tax Guru

Small Business Tax Guru — Mon, 23 Nov 2009 03:47:56 +0000

I’ve been included in taxations for longer then I care to acknowledge, both on the private side (all my working life!!) and from a legal point of view since passing the bar and following up on tax law. I’ve rendered a lot of advice and corrected a lot of wrongs, and I must say that what you’ve put up makes utter sense. Please carry on the good work – the more individuals know the better they’ll be equipped to cope with the tax man, and that’s what it’s all about.

By: Stimulus Lifts Government Transfers

Stimulus Lifts Government Transfers — Sun, 28 Jun 2009 20:50:50 +0000

[...] last factor is, of course, the reason that our long-run budget situation looks so grim. Share: yahooBuzzArticleHeadline = "Stimulus Lifts Government Transfers"; [...]

By: Stimulus Lifts Government Transfers « Donald Marron

Stimulus Lifts Government Transfers « Donald Marron — Sun, 28 Jun 2009 16:09:22 +0000

[...] That last factor is, of course, the reason that our long-run budget situation looks so grim. [...]

By: TB

TB — Fri, 26 Jun 2009 13:19:59 +0000

Commenters 1 & 2 are precisely why I am concerned about the projected debt. I fear their attitude mirrors the current administration’s: it will never really happen, so I don’t need to do anything about it. The left right now is beyond the pale with their spending, like a drunk chugging drinks before the last call. At some point an adult needs to impose some fiscal discipline before the unsustainability of this mess bankrupts our nation.

By: fiorucci

fiorucci — Fri, 26 Jun 2009 07:52:40 +0000

The present situation is at the opposite of what happened in 1999. At the time, CBO forecast a huge surplus in 2009. Nothing of that kind could happened and .. did not happened. It will be the same this time but an other away. US debt will not balloon for ever. What is worrying, is that growth could be a problem. It is not sure that the US national savings will decrease. Household could be more carefull than during the last twenty years. That just raises a question: What will be the beheaviour of the consumer in the future?

Anyway, thank you very much for the outstanding quality of your publication.

Best regards,

Alain

By: Jack Biddle

Jack Biddle — Thu, 25 Jun 2009 22:14:57 +0000

“When Something is unsusttainable….it will stop”

The real issue is who is going to have any risk capital (or the appetite to deploy it) left, and then you end up spending even more resources fighting for the remaining crumbs.

It has to end in a `Jubilee` — hopefully it is a peaceful one.