Comments on: In the Race for a U.S. Economic Rebound, Growing Debt and Budget Deficits Remain the Biggest Possible Roadblock

By: Tom F

Tom F — Mon, 24 Aug 2009 17:07:28 +0000

Here's a link to an artlcle on Forbes.com saying Obama's budget is 2.3 TRILLION over budget.

The Next Bubble: Obama's Budget Deficit
Joshua Zumbrun, 03.20.09, 06:00 PM EDT
The U.S. could be in the hole $2.3 trillion more than expected–and that's if the economy performs well.

http://www.forbes.com/2009/03/20/federal-budget-deficit-business-washington-budget.html

By: Tom F

Tom F — Mon, 24 Aug 2009 17:03:16 +0000

"the Obama administration will boost its 10-year projectiojn for the federal budget deficit to about $9 trillion – an increase of roughly $2 billion, or 29%, from its prior projection." – article

I thought it was 2 TRILLION not Billion. Correct me if I'm wrong. Two billion would be chump change compared to two trillion.

By: James Raider

James Raider — Mon, 24 Aug 2009 16:56:48 +0000

Clean up WALL STREET, then recovery can begin but will take a decade.

There is a culture of omnipotence that has been very pervasive throughout all of Wall Street’s major firms during the past two decades. It has also been very destructive.

America needs to clean house before a serious recovery can begin, and confidence reinstated.

http://pacificgatepost.com/2009/08/america-end-your-fear-of-wall-street.html

By: Peter G Brabeck

Peter G Brabeck — Mon, 24 Aug 2009 16:23:30 +0000

Sorry, I'm merely registering for a daily email of Money Morning. – Pete
Sorry, forgot to add great post! Can't wait to see your next post!

By: David Brown

David Brown — Mon, 24 Aug 2009 15:36:53 +0000

Please reread the release relative to the increase in the deficit over 10 years. You mentioned the wording 2 billion whereas the number should be 2 trillon. Quite a difference!

By: Peter G Brabeck

Peter G Brabeck — Mon, 24 Aug 2009 13:01:54 +0000

Sorry, I'm merely registering for a daily email of Money Morning. – Pete

By: Patrick McReynolds

Patrick McReynolds — Mon, 24 Aug 2009 12:46:57 +0000

In today's issue under Market Matters, fifth paragraph down, in remarks on the healthcare debate, parenthetical mention was made of "widespread townhall civil disobedience." Since when does yelling at one's elected representative constitute civil disobedience? There may be a breakdown in decorum or perhaps even civil discourse, but what form or civil statute concerning "obedience" was violated in the expression of anger directed by citizens toward their mal-practicing political representatives?