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usa: From the report on the fianncial condition of the US Governemnt - 10/23/08 03:56 PM
Unsustainable Debt

As noted earlier, the Government must borrow from the public to finance any gaps between expenditures and
revenues. Increased borrowing leads to higher debt service (net interest) which in turn can make it more difficult to
balance expenditures and revenues in the future. Chart J shows that by 2030, public debt is projected to rise to 68
percent of GDP, surpassing the non-wartime peak of 49 percent in 1993. By 2040, public debt is projected to be 128
percent of GDP, well above the
World War II peak of 109 percent,
and by 2080, debt is projected to
… (3 comments)

usa: DPA - alive again...? - 10/01/08 02:52 PM
For Immediate Release: October 1, 2008CONTACT: Henry Fawell (410) 545-5830CBO report: downpayment assistance could generatenew revenue for U.S. TreasuryAmeriDream urges Congress to preserve DPA to stabilize housing marketGAITHERSBURG, MD - Downpayment assistance programs that expire today could generate sorely-needed revenues for the federal government if Congress preserves them by passing H.R. 6694, according to a new report from the Congressional Budget Office (CBO). Downpayment assistance programs funded in part by sellers (DPA) were eliminated, effective today, as part of the housing stimulus package signed into law in July. "At a time when Congress considers saving Wall Street, we must not lose … (1 comments)

 

Nathan Goodman

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