nytimes.com - 1/7/2009
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Barack Obama said that his administration would be forced to impose tighter discipline on government. >
usatoday.com - 1/6/2009
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usatoday.com —
Two weeks before he takes office, Obama said
his budget aides told him that he will inherit...
huge deficits following the government's multibillion-dollar financial bailouts. He vowed to block pet projects sought by members of Congress, known as ...
(more)
Obama predicts $1 trillion deficit 'for years to come'
washingtonpost.com - 1/7/2009
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washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from...
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
Report Places 2009 Budget Deficit at $1.2 Trillion
thenation.com - 1/5/2009
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thenation.com —
Poverty is on the rise , record numbers
of people are relying on food stamps and we've...
seen no relief for the foreclosure crisis. There are increasing rates of child abuse and domestic violence linked to this recession. State governments don't have ...
(more)
A Trillion Dollar Recovery
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Blog Reactions
Big Trouble
Weekly Standard Blog —
... Obama is making the right move by telling the country now that the deficit is going to get a whole lot larger, and that it will have to be like that for a while if we're to avoid serious economic consequences. Thing is, ...
Obama Creates New Post: Chief Performance Officer
Politics Daily —
... Given the amount of money that Obama plans to pour into a new and improved stimulus package to try and help resuscitate our nation's moribund economy, it does seem wise to hire a person in this capacity. One of the truly rotten aspects of the Bush/Paulson stimulus packages was the lack of accountability whereby nobody seemed to be able to say what, exactly, rescued bands and financial institutions were using taxpayer money for. ...
Let's not forget who ran up this deficit, shall we?
Brilliant at Breakfast —
... midst of which we now find ourselves, as being ENTIRELY the fault of Barack Obama. After all, that's what they'll need for their Bush Restoration in the form of get Jebbie into the White House (a goal not necessarily on the back burner just because the Heir Apparent has decided not to run for the vacant Senate seat in Florida, perhaps fearing too much scrutiny into his connection with Lehman Bros), or perhaps even Jeb's son George P., the girlfriend-stalker who will be 36 in 2012. Obama is doing his best to manage the narrative so far: President-elect ...
Transition News 1/07
The Stump —
Obama offers a grim budget outlook. PEOTUS does quick outreach to mend rifts over the Panetta pick. David Ignatius, however, says Panetta is a good choice. Friedman gives Obama advice on the Gaza crisis. Politico breaks down the strengths and risks of Obama's economic plan. What should Obama's Justice Department focus on first? Obama transfers more than $3 million of his campaign funds to the DCCC. Michael Gerson assesses Obama's ambition. Attorney who used to work with Burris in Illinois says he should ...
Progressive Breakfast: Econ Recovery First, Deficit Reduction Later
LiberalOasis : The Blog —
... NYT reports on Obama’s budget priorities: “President-elect Barack Obama on Tuesday braced Americans for the unparalleled prospect of ‘trillion-dollar deficits for years to come,’ a stark assessment of the budgetary outlook that he said would force his administration to impose tighter fiscal discipline on the government. Mr. Obama sought to distinguish between the need to run what is likely to be record-setting deficits for several years and the necessity to begin bringing them down markedly in subsequent years.” ...
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rawstory.com 1/7/2009 — The provisional US budget deficit in 2008/2009 will balloon to a record 1.2 trillion dollars, the Congressional Budget Office said Wednesday. The deficit for the fiscal year 2007/2008 which ended in September reached 438 billion dollars, or 3.1 ...
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Deficit to reach $1.8 trillion
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The prospect of a $1.2 trillion deficit ’stuns’ Congress!!
features.csmonitor.com 1/10/2009 — "The deficit estimated at 8.3 percent of gross domestic product, makes it clear that we cannot borrow and spend our way back to prosperity, when we’re already running an annual deficit of more than 1.1 trillion dollars,” said John Boehner (R) of Ohio, "we have to guard against making things worse!!"
Trillion Dollar ReFi (video)
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Senate panel sets hearing on Obama HUD nominee —
Reuters: Politics 1/7/2009
WASHINGTON (Reuters) - Sen. Christopher Dodd, chairman of the Senate Banking, Housing and Urban Affairs Committee, on Tuesday scheduled a hearing for January 13 to consider President-elect Barack Obama's nominee to head the U.S. Department of Housing ...
Obama to announce new reform post —
CNN Political Ticker 1/7/2009
WASHINGTON (CNN) — President-elect Barack Obama on Wednesday will announce his selection for the role of "chief performance officer," a newly created position that will work to scrub the federal budget and reform
government, a Democratic ...
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