Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (133456)	4/23/2013 12:21:14 PM
From: Alex MG	2 Recommendations Read Replies (1) \| Respond to of 149317

Stop the Austerity. The Deficit Is Dropping Precipitously. Posted on April 23, 2013 at 11:31 am by Bob Cesca Via David Frum, here’s AEI’s John Makin with the positive news: The United States has actually made substantial progress toward deficit reduction in 2013 … On January 2, as part of an agreement to avert the sharpest austerity that would have been triggered by the “fiscal cliff,” Congress did pass a total of about $180 billion of annual tax increases. The result is that, by the 2014 fiscal year, the fully phased-in sequester, along with the January 2013 tax increases, will cut the US deficit—already on a downward path—from $1,089 billion in 2012 to $845 billion in 2013, and then further to $615 billion in 2014. In terms of the deficit-to-GDP ratio, that is 7 percent in 2012, down to 5 percent in 2013, and down further to 3.7 percent in 2014. We already knew about the $845 billion number, but I was unaware of the $615 billion figure. And regarding the president’s promise to cut the deficit in half in his first four years, he only missed the goal by a year — the deficit has dropped from 9.9 percent of GDP in 2009 to 5 percent of GDP at the end of this year.

To: RetiredNow who wrote (133456)	4/25/2013 8:40:45 PM
From: tejek	Respond to of 149317

Europe's lackluster economies are weighing on corporate sales in the region - even for fast-growing e-commerce businesses. EBay Inc, Amazon's main rival, reported disappointing results last week and noted European weakness. finance.yahoo.com