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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 22812
Registered: 05-2004
Posted From: 68.43.246.110
Rating: 
Votes: 1 (Vote!) | | Posted on Monday, August 10, 2009 - 7:54 pm: |
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1.3 aithe enti 2.3 aithe enti??
Its waste of time impressing people as impressions keep changing
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310
Yavvanam Kaatesina Bewarse
Username: 310
Post Number: 1971
Registered: 12-2006
Posted From: 24.117.150.246
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, August 10, 2009 - 7:14 pm: |
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ping |
310
Yavvanam Kaatesina Bewarse
Username: 310
Post Number: 1929
Registered: 12-2006
Posted From: 138.32.32.166
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, August 10, 2009 - 11:37 am: |
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While Congress debates how to take over the health-care industry, more evidence arrives that shows it can’t even handle the business it has already. The Congressional Budget Office estimates that the federal deficit accelerated in July by $181,000,000,000 ($181 billion) and hit $1,300,000,000,000 ($1.3 trillion) for 2009. The massive new hit to the annual deficit comes from rapidly falling revenues, and an even more rapid increase in spending:
Bailouts for financial firms and billions in tax revenue lost because of the recession drove the deficit to a record $1.3 trillion in July, according to the independent Congressional Budget Office (CBO).
Tax receipts that have fallen due to the poor economy and increased spending to save car companies, banks and mortgage firms were major contributors to the federal deficit, according to CBO, which provides official budget numbers for Congress. The federal deficit grew by another $181 billion in July. …
Spending through July of 2009 has increased by $530 billion, which is 21 percent over the same period in 2008. The bailout money for Freddie Mac and Fannie Mae accounted for almost half of the spending increase. Unemployment benefits have more than doubled, Medicaid spending has grown by a quarter and Medicare spending has increased by 11 percent.
Tax revenue for the first three quarters of 2009 has fallen by approximately $350 billion, or 17 percent compared to the same period last year, due mostly to the effects of the recession on payroll, income and corporate taxes. A third of the decline is due to tax breaks in the stimulus, including the middle-class tax cut that President Obama campaigned on during last year’s election. |
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