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CBO: Plans to slash deficit will send U.S. into double-dip recession
The US Congress’s budget analysts said Wednesday that current plans designed to slash the budget deficit after January 1 will plunge the country into recession and push up joblessness. The Congressional Budget Office said the poison-pill political deal on the budget last year — sharp cuts to spending and tax increases that will hit…
California faces cuts to fill huge budget hole
LOS ANGELES — California governor Jerry Brown proposed spending cuts Monday, including shutting down state offices one day a week, as well as tax rises to curb an estimated $16 billion budget deficit. Brown warned that the budget hole could balloon further if California voters reject plans to increase sales…
The End Of An Era
Piggybacking off of Amanda’s post below, I’m just trying to think of how vicious and vituperative the commentary would have been if Clinton had left Bush with two wars, a tanked economy and a looming budget deficit in his first year that was bigger than any two combined years of…
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