Tag Archive | "deficit"

New Report on CT’s Economy


The University of Connecticut has released a report forcasting the state’s economy over the next few years.

The report estimates up to 90,000 lost jobs due to the financial sector meltdown, and a billion dollar budget deficit for this year.

More on this:

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2008 Bailout Larger than you Thought


Insanity, as represented by pie charts.

Economist Barry Ritholtz has calculated the combined cost of the massive Federal Bailouts this year, and arrived at a total $4.6 Trillion so far.
That makes the bailout more expensive than all these programs combined (in adjusted dollars):

  • Marshall Plan
  • Louisiana Purchase
  • Race to the Moon
  • S&L Crisis
  • Korean War
  • The New Deal
  • Invasion of Iraq
  • Vietnam War
  • NASA (all-time budget)

Mr. Ritholtz’s calculations are available for download, and include a lot more than the $700 Billion TARP fund.

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Comments

  • steve thornton: [April 16]– Marking one full year in struggle, nurses, nursing assistants and support staff at...
  • dave rozza: Maybe I should have added Libya to the mix… :/ http://english.aljazeera.ne...
  • Meghan Quinn: Mubarak is out! Celebrate Saturday 2/12 at 1 PM behind the State Capitol!
  • kevin: so with that kind of political support, any hope of ending this thing equitably any time soon?
  • steve thornton: (January 15) Former Hartford Mayor Carrie Saxon Perry told Spectrum workers and their supporters that...

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