STAFF BLOG CAPITOL CHATTER A look at federal debt
By Don Davis
The federal debt has built up over the years because Congress and presidents of both parties tend to spend more money than the government raises in taxes and other revenues.
C... Posted on 10/16/13 at 8:59 AM
NEW PLATEAUS Hmm, Maybe Canada Really is on Top of the U.S.
When I was a boy, the Cannuck currency was 2/3 that of America's. I remembered the ratio by comparing it to the ratio of kilometers to miles. And though it was still cool to have Canadian coins (money... Posted on 7/17/12 at 3:26 PM
WASHINGTON (AP) — Despite new estimates that say President Barack Obama's budget would generate unsustainable large deficits averaging almost $1 trillion a year, the White House insisted Friday that the flood of red ink won't swamp its costly agenda.
WASHINGTON – Urging strict future restraint even as current spending soars, President Barack Obama pledged on Monday to dramatically slash the skyrocketing annual budget deficit as he started to dole out the record $787 billion economic stimulus package he signed last week.
Possible $6B shortfall will be shared by cities, others
ST. PAUL – Minnesota’s local governments receive 30 percent of their revenue from the state, so when the state budget is sick, local governments sniffle.
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