Structural Deficits

By:  Diane Benjamin The City of Bloomington continues to hide the formerly transparent tax receipts.  That means they are either way above projections or dropping like a rock.  There is no way of knowing since transparency died.  Thank Alderman Hauman for suggesting the City Manager’s Report doesn’t need to be done.  I agree printing it […]

Pantagraph and Associated Press

by:  Diane Benjamin I rarely write about national issues, but when the Pantagraph publishes an Associated Press article on the front page titled:  Budget deficit at lowest level under Obama somebody has to provide facts.  The title is campaign propaganda for the uniformed. Wow, the deficit is down to $483 Billion.  Everybody celebrate – as we rapidly […]

Facts about the fiscal cliff

Total receipts to the Federal Government for 2013 are estimated at $2.9 Trillion – the highest in history. (1) Estimated 2013 deficit: $1 Trillion based on current tax rates (2) Estimated 2013 deficit if we do “go over the fiscal cliff” based on required spending cuts and tax increases:  $641 billion (3) Obama’s offer:  $1.6 Trillion in […]