Federal deficit (page 8)

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    Starbucks CEO: government is not capable

    Starbucks CEO Howard Schultz explains why the company provides in partnership with Arizona State University free college tuition to every one of its American employees working 20 hours or more a week. The country is $22, $23 trillion in debt, it doesn’t have the financial capability to do the…
    Joseph Coletti, March 8, 2018
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    Bad news linked to deficits during boom times

    Randall Forsyth of Barron’s argues that building budget deficits during an economic expansion spells trouble. Washington has enacted tax cuts and spending increases that are likely to push the federal budget deficit past the $1 trillion annual mark. That’s not unprecedented, of course. But that previous ocean of…
    Mitch Kokai, February 26, 2018
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    All About Entitlements

    Social Security, Medicare, and Medicaid will, if not reformed, take more than one-fifth of economic output in 25 years, according to Stanford Prof. John Cogan. Increases in spending on other domestic programs, debt service, and national defense are dwarfed in comparison.  …
    Joseph Coletti, February 23, 2018
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    Businesses bothered by big budgets, borrowing

    The Washington Examiner deserves credit for the alliteration in this blog entry’s headline. James Langford writes for the Examiner about a growing concern among some leaders of corporate America. That concern focuses on government spending growth and federal debt. The risk is growing that Corporate America soon will…
    Mitch Kokai, February 21, 2018
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    Deficits, debt still on the radar screen

    Al Weaver of the Washington Examiner reports that one leading U.S. senator disputes the notion that his congressional colleagues have lost sight of the federal government’s long-term budget problems. Senate Majority Whip John Cornyn, R-Texas, this week rejected the argument that Republicans no longer care about the debt,…
    Mitch Kokai, February 14, 2018
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    Tackling federal spending

    Editors at National Review respond to the spending increases in the latest federal budget deal. Congress has reached a consensus on spending — spend! — and the Trump administration is broadly inclined to agree: On the heels of a $1.5 trillion tax cut, congressional Republicans joined up with…
    Mitch Kokai, February 14, 2018
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online on approval of a bill to address N.C. public school class size requirements, the state elections and ethics board, and a $58 million fund tied to the Atlantic Coast Pipeline. Way also reports on state Treasurer Dale Folwell’s call for a…
    Mitch Kokai, February 14, 2018
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    Fixing Congress’ dysfunction

    Susan Ferrechio of the Washington Examiner details a new group designed to help Congress get its act together. As part of a bipartisan spending deal, lawmakers last week voted to create a new congressional committee charged with trying to find a solution to years of spending dysfunction on…
    Mitch Kokai, February 13, 2018