Lindsey Williams - Recent Editorials

2010 10 1.3 Trillion Dollar Budget Deficit

Sun, 17 Oct 2010 21:28:20 -0500

The Obama administration said Friday the federal deficit hit a near-record $1.3 trillion for the just-completed budget year - as reported by the Associated Press.

That means the government had to borrow 37 cents of every dollar it spent, as tax revenues continued to lag, while spending on food stamps and unemployment benefits went up as joblessness neared double-digit levels in a struggling economy.

2010 10 Global Money War Looms

Mon, 11 Oct 2010 20:21:12 -0500

Global finance leaders failed Saturday to resolve deep differences that threaten the outbreak of a full-blown currency war - according to an Associated Press article by Martin Crutsinger.

Various nations are seeking to devalue their currencies as a way to boost exports and jobs during hard times.

The concern is that such efforts could trigger a repeat of the wars that contributed to the Great Depression of the 1930s -- as country after country raised protection barriers to imported goods.

2010 10 Post Office Seeks End of Saturday

Mon, 4 Oct 2010 20:45:52 -0500

The U.S. Postal Service seems determined to end six-day mail service -- and close unprofitable post offices -- in view of an expected $6 billion in losses for the fiscal year that ended Thursday.

Washington Post staff writer Ed O’Keefe reports that the Postal Service earned about $68 billion in revenue in fiscal 2010. This is on par with last year, according to preliminary figures.

It lost money for the third consecutive year as customers made wider use of the computer Internet to pay bills, purchase goods and send messages.

2010 09 Stimulus Expiration To Erase New Jobs

Mon, 27 Sep 2010 20:21:42 -0500

Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in a $787 billion stimulus act.

So says Michael Cooper, a writer for the New York Times, quoting reliable sources.

The $1 billion -- New Deal style programs -- directly paid the salaries of unemployed people so they could get jobs in government, non-profit organizations and at many small businesses.