Richard Kogan
Richard Kogan
billion budget close costs cutting deficit expected fifth missing percent range seen taken
The administration's forthcoming budget is expected to have approximately $200 billion in missing costs in the fifth year, ... Once these missing costs are taken into account, the deficit is seen as being in the range of $500 billion in 2009, or around 3.5 percent of GDP. That is not close to cutting the deficit in half.
commitment devoted fuels hard projects research resources shrink sort year
It's hard to sort of have a new commitment for research on alternative fuels when the resources devoted to these projects shrink year after year.
absorb basic below certain choices elderly face food hardship help home households increase last living meeting paying people poor position poverty receive serious utility virtually widows
People who are poor enough to receive LIHEAP benefits, such as elderly widows living below the poverty line, are not in a position to absorb a big increase in home heating costs. If these households don't receive more help paying their utility bills, many of them will face excruciating choices between heating their homes, paying the rent, having enough food to last through the month, and meeting other basic needs. Serious hardship is virtually certain to ensue.
bigger cut fairly tax
The tax cut is bigger than anything, by a fairly long shot.
cautious great huge large problem quarter range sound twice
What they've done is thoughtful, analytically sound and numerically cautious ... but they haven't put in the huge caveat about the range of uncertainty, ... It's so large that we can't know if the problem is twice as great or a quarter as great as what they're saying.
deficits economy embarked government large path permanent policy public soon unsound
The path of large and permanent deficits on which the government has embarked is unsound public policy and should be reversed as soon as the economy permits.