Budget Basics

Budget Basics

Having trouble understanding the federal budget?  Do you shutdown when you hear politicians talking about ways to cut the deficit?  Is it hard to understand cutting the budget when you don’t really know how the government spends your money? Here is a quick overview of the budget and key term

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Solutions Basics - The Millennial Edition

Solutions Basics – The Millennial Edition

If you’ve been paying attention to the debate over the deficit in Washington you’re probably sick of the banter and confused as to what is really going on and what a solution to our deficit should look like. Over the past year we’ve seen a flood of deficit reduction plans and playground

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3 Things We Need to Move the Budget Debate Forward

3 Things We Need to Move the Budget Debate Forward

The federal budget is a hot topic these days in Washington.  Both parties are using it as a platform for political posturing for the upcoming 2012 elections.  From the media coverage our debt has been getting it would seem that the debate is moving along and we’re getting closer to some sort

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National Debt The Quick Facts

National Debt The Quick Facts

In 2011 the US borrowed $1,316,000,000,000 trillion.  A little less then we borrowed in 2010 at over $1,400,000,000,000 trillion. Both years that was more than enough to cover our discretionary spending. Which means we borrowed to fund most government services including defens

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A Millennial Solution

A Millennial Solution

Right now the deficit debate in Washington is hotter than ever.  If you’re like most Americans you’re already turned off by the partisan politics that have come along with it.  So out of habit you’ll tune out what is being said and hope it goes away.  After all Baseball starts in April and

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Debt Limit?  WTF is That?

Debt Limit? WTF is That?

The nation's debt limit, sometimes called the debt ceiling is very similar to the limit on your credit card.  Only about $16 trillion more then yours.  It's the max amount that the US can borrow on its card, the United States of American Express.  Unlike you however, when America maxes out its ca

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Speaking for Young Americans on the Debt

Speaking for Young Americans on the Debt

Co-Founder of WeCantPayThatTab.org Ryan Schoenike speaks to the president's Fiscal Commission about the lack of youth representation on the commission and the need for congressional leaders to engage young Americans and get out and explain the national debt problem to Americans.

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PAYGO?  Pay Who?

PAYGO? Pay Who?

PAYGO legislation (short for pay-as you-go) was first enacted in 1991 and let to expire 2002.  It received its name because it required Congress to make sure they had a way to pay for the bills they passed, either by increases in taxes or cuts in spending to other areas.  Under PAYGO the defic

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How to Not Pass a Budget - Federal Government Style

How to Not Pass a Budget – Federal Government Style

Think the government has to pass a budget every year?  Think again, as per usual congress has found a way around this too.  When both houses of congress fail to reach an agreement on a budget, called a budget resolution, they turn to an unofficial process called deeming.  According to the Con

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Your Tab for 2012... $1.3 Trillion!

Your Tab for 2012… $1.3 Trillion!

According to the the President's 2013 budget we ran a $1,300,000,000,000 deficit this in2012.  The third largest we have seen in the past 65 years.  Oh and in case you are wondering who will be paying for the bill?  You will.   It doesn't matter what you had, that will be $4,333 for every ma

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