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Tag Archives: cbo
National Debt Projections – Off the Chart Before COVID-19
Debt held by the public is a measure that indicates the extent to which federal borrowing affects the availability of private funds for other borrowers. All else being equal, an increase in government borrowing reduces the amount of money available to other borrowers, putting upward pressure on interest rates and reducing private investment. It is the measure of debt most often used by CBO in its reports on the budget. The cost of growing debt increases the finance payments of new and used vehicles. Continue reading
Posted in economy, financial results, results
Tagged auto industry commentary, autoinformed.com, cbo, Kenneth Zino, Tax Cut Deficit, US National Debt
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Trump Record Deficit Watch – Another Proposed Increase
More than a year ago, President Trump pledged to eliminate the national debt “over a period of eight years.” But for the first time in history, the national debt surpassed $21 trillion, while Trump is facing 17 criminal investigations, another presidential record. Continue reading
Trade Agreement Data at Odds with Political Rhetoric?
No wonder President Harry Truman was looking for a “one-handed economist.” So is AutoInformed, and we suspect millions upon millions of workers. Continue reading
Highway Trust Fund Lacks Budgetary Controls
The Highway Trust Fund report is unwelcome news for politicians of both parties who have refused to act on the problem for a decade or more, showing particular reluctance to raise taxes as the nation’s infrastructure crumbles. HTF revenues come from excise taxes on the sale of motor fuels, trucks and trailers, and truck tires, and from taxes on the use of certain kinds of vehicles. Continue reading
Posted in news analysis, transportation
Tagged autoinformed, autoinformed.com, cbo, Ken Zino
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DOE Gives EV Supplier UQM More Time on ARRAS Grant
The politically contentious American Recovery and Reinvestment Act contained billions upon billions in taxpayer funding to businesses though a number of Recovery Act and related programs, including loans, loan guarantees, grants, contracts and tax incentives, in partnership with the Department of Treasury. In total, CBO estimates that the legislation will increase budget deficits by about $831 billion over the 2009–2019 period. Continue reading
CBO Says 2011 U.S. Budget Deficit Third Highest in History
CBO projects that real GDP will increase by only 2.3% this year and by 2.7% in 2012. Worse, under current law, federal tax and spending policies will impose substantial restraint on the economy in 2013, so CBO projects that economic growth will slow that year before picking up again, averaging 3.6% per year from 2013 through 2016. Continue reading
CBO – Taxpayer Cost is $31B for Troubled Asset Relief Program
To AutoInformed’s knowledge not one person at the firms responsible has been successfully prosecuted for what was rampant financial fraud that caused the housing and stock markets to collapse as the ratings agencies paid by the swindlers continued to claim the complex financial instruments issued were investment grade when they were indeed junk. Junk bonds – never has a financial instrument so honestly been named. Continue reading →