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No better than Enron: The finmin guide to hiding the fiscal deficit

Dec 06, 2013

No better than Enron: The finmin guide to hiding the fiscal deficit

The pension and insurance funds are carrying the can for securities issued to hide the government's budget deficits. This is a clear lack of transparency #P. Chidambaram #fiscal deficit #Subsidies #Budget deficit
Obama budget to kick start deficit-reduction talks

Apr 11, 2013

Obama budget to kick start deficit-reduction talks

The proposal, an annual attempt to identify and fund the president's policy desires, is unlikely ever to become law. #Barack Obama #NewsTracker #Medicare #Healthcare #Budget deficit #Tax Boost
Why should public funds be used for Mulayam's b'day?

Nov 23, 2012

Why should public funds be used for Mulayam's b'day?

Neither Centre nor state can afford to be distributing free money as politicians' birthday gifts, but this is what they are doing. #Uttar Pradesh #ConnectTheDots #Mulayam Singh #Akhilesh Yadav #Budget deficit
Chidu's firesale will rob urban wealth to buy rural votes

Oct 03, 2012

Chidu's firesale will rob urban wealth to buy rural votes

The government's plans for disinvestment and big sales of land to fill the budget hole is another effort to use urban resources for rural freebies #Privatisation #Budget deficit #Great Firesale #Govt Land Sales

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Chidu's firesale will rob urban wealth to buy rural votes

Sep 02, 2014

Sequester's Legacy: How A Bad Budget Law Could Lose America's Next War

When the Budget Control Act became law in 2011, just about everybody agreed it was the wrong way to deal with deficits.  In fact, one reason it won congressional approval was the widespread belief that fear of its consequences would force Democrats a...
Chidu's firesale will rob urban wealth to buy rural votes

Aug 27, 2014

Deficit dips, but long-term federal budget outlook remains dim

The federal deficit continues to decline thanks to budget cuts and slower growth in Medicare costs, but lower than expected corporate tax revenues dimmed some of the improved outlook, according to a report Wednesday from the Congressional Budget Offi...
Chidu's firesale will rob urban wealth to buy rural votes

Aug 20, 2014

City Hall Memo: De Blasio Encounters Rising Friction Over Liberal Expectations

Encountering the realities of pension costs, budget deficits and a scarcity of federal support, Mayor Bill de Blasio has struggled to please his supporters...