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Tag Archives: Government Spending

US Growth Estimate Lowered

In a surprise and unexpected move the US Department of Commerce has cut its expected 4th-quarter growth from 3.2% to 2.8%. While the government is expecting a lower growth, analysts were having a different opinion. They estimated the growth to be 3.3%. Economic growth for the whole of 2010 was also revised down slightly, from 2.9% to 2.8%. As well ... Read More »

American deficit hits $14 trillion!

The government deficit has ballooned to an all-time, eye-popping high: $14 trillion. And what does the frightful milestone mean for the average American? A whopping historical record $45,300 for each person. While the government spending debate has been going on for decades, the upcoming one will center around whether or not Congress will lift the legal debt limit or rework ... Read More »