Rep. Paul Ryan: Democrats WILL Demagogue Republicans Budget Plan

Video:  Rep. Paul Ryan: Democrats WILL Demagogue Republicans Budget Plan

Republican Budget Plan to Eliminate National Debt: Ryan (CNBC)

CNBC ^ | April 5,2011 | Jeff Cox  –  Tuesday, April 05, 2011 8:51:12 AM · by Hojczyk · 28 replies

The Republican budget proposal will eliminate the national debt while still preserving costly entitlement programs like Medicare and Social Security, Rep. Paul Ryan told CNBC. Speaking just hours before the spending plan gets its formal introduction before Congress, Ryan, head of the House Budget Committee, said the debt will peak at 74.5 percent of gross domestic product in 2014 and then drop from there. “We’ve got to show the country that we can get this situation under control and grow the economy, and that’s what we’re doing,” he said. “So whether (Democratic Senate Majority Leader) Harry Reid is willing to…

GOP introduces one-week stopgap with $12B in spending cuts

The Hill ^ | 4/5/11 | Molly K. Hooper and Russell Berman  –  Tuesday, April 05, 2011 8:37:09 AM · by The Big Boo · 16 replies

Republicans on Monday night introduced a measure to fund the military through September and government operations for one more week. House Speaker John Boehner (R-Ohio) told his conference about the legislation — which contains $12 billion in spending cuts — during a Monday night meeting, his office said. The move is intended to prevent a government shutdown that would start after Friday unless Congress approves another measure to fund the government.

White House Orders Agencies To Prep For Government Shutdown

TPM ^ | April 5, 2011, 8:43AM | Brian Beutler |  –  Tuesday, April 05, 2011 9:34:49 AM · by 11th_VA · 25 replies

It’s not just the House of Representatives. In another sign that neither side in the spending cut fight is confident that a government shutdown can be avoided, the White House has ordered federal agencies to prep for a government shutdown. Ed O’Keefe at the Washington Post obtained the memo from a federal official, and confirmed its authenticity with the Office of Management and Budget. “[G]iven the realities of the calendar, good management requires that we continue contingency planning for an orderly shutdown should the negotiations not be completed by” April 8, the memo reads. More guidance should be forthcoming today….

Meet The 171 Banks For Which The Margin Of Failure Is One Thousand Dollars: At this point the majority of the population is transfixed by the biggest borrowers from the discount window. Yes, we know by now that the bulk of these were foreign banks, primarily Dexia and Depfa, but that is simply because only Bank Holding Companies, or depository institutions (and yes, last we checked Goldman deposit branches are still sorely missing), are allowed discount window access. more

Two separate threads…

IMF Chief: ‘Black Swans’ Still Haunt Global Finance(many are swimming around)

IMF economists see dire future for US taxpayers –  AFP ^ | 04/04/2011

Americans will need to pay much heavier taxes and accept less from public healthcare to put state finances on a sustainable track, according to an IMF study published Monday.

“The United States is facing an untenable fiscal situation due to the combination of high fiscal deficits, an aging population and rapid growth in government-provided healthcare benefits,” three International Monetary Fund economists said in a report.

(Excerpt)

h/t to Jean Stoner

About Ask Marion

I am a babyboomer and empty nester who savors every moment of my past and believes that it is the responsibility of each of us in my generation and Americans in general to make sure that America is as good or even a better place for future generations as it was for us. So far... we haven't done very well!! Favorite Quotes: "The first 50 years are to build and acquire; the second 50 are to leave your legacy"; "Do something that scares you every day!"; "The journey in between what you once were and who you are becoming is where the dance of life really takes place". At age 62 I find myself fighting inoperable uterine Cancer and thanks to the man upstairs and the prayers from so many people including many of my readers from AskMarion and JustOneMorePet... I'm beating it. After losing our business because of the economy and factors related to the re-election of President Obama in 2012 followed by 16-mos of job hunting, my architect-trained husband is working as a trucker and has only been home approximately 5-days a month since I was diagnosed, which has made everything more difficult and often lonely... plus funds are tight. Our family medical deductible is 12K per year for two of us; thank you ObamaCare. But thanks to donations from so many of you, we are making ends meet as I go through treatment while taking care of my father-in-law who is suffering from late stage Alzheimer's and my mother-in-law who suffers from RA and onset dementia as well as hearing loss, for which there are no caretaker funds, as I continue the fight here online to inform and help restore our amazing country. And finally I need to thank a core group of family, friends, and readers... all at a distance, who check in with me regularly. Plus, I must thank my furkids who have not left my side through this fight. You can see them at JustOneMorePet.
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