Diskussion zu Mawson Resources (Seite 181)

[AlaskaBear]

Gov. auditor says fiscal outlook is \'spiraling out of control\'
Michael Roston
Published: Monday February 26, 2007

Congress\'s auditor warned in a monthly update released last Friday that the latest data on America\'s fiscal outlook shows "a federal debt burden that ultimately spirals out of control."


The January update was based on new data supplied to the Government Accountability Office by the Congressional Budget Office, and identified spiraling national health care costs as the main culprit for the country\'s budgetary woes. The report also challenged a key assumption about the nation\'s fiscal Future made by President George W. Bush in his release of the 2008 budget.

Using a pair of different simulations of government outlays, the GAO bluntly states that "the Nation\'s long-term fiscal future is \'at risk.\'" It considers different Futures in which discretionary spending grows more quickly or slowly, and in which tax cuts are renewed or allowed to expire.

The "bleak" outlook seen by the government\'s chief auditor results from "primarily spending on the large federal entitlement programs (i.e., Social Security, Medicare, Medicaid)." Growing expenditures on health care are expected to account for the largest share of deficit-raising spending that will present a challenge "not just to the federal budget but to American business and our society as a whole."

While there are other discretionary expenditures, like those on national defense and homeland security, GAO warns that "the growth in Social Security, Medicare, Medicaid, and interest on debt held by the public dwarfs the growth in all other types of spending."

But the congressional agency does not see the path forward as hopeless. Noting instead that things that are unsustainable "will not be sustained," it offers up the possibility that "the sooner appropriate actions are taken, the sooner the miracle of compounding will begin to work for the federal budget rather than against it." Waiting, however, to take serious action to repair the budgetary balance could have results that are "disruptive and destabilizing."

Still, the GAO makes the challenge sound daunting. It explains that, "closing the fiscal gap would require spending cuts or tax increases equal to 3.6 percent of the entire economy each year over the next 75 years, or a total of $26 trillion in present value terms."

Alternatively, they explain that "if we were to invest enough today to pay off these amounts over the next 75 years, the sums needed would amount to about $87,000 to $182,000 per person, or about $208,000 to $435,000 for each full-time worker."

The GAO also challenged a key message offered by the president when he rolled out his Fiscal Year 2008 budget earlier in the year.

"The projected fiscal gap is so great that it is unrealistic to expect we will grow our way out of the problem," the GAO wrote.

President Bush had said in a Feb. 6 address that "low taxes means economic vitality, which means more tax revenues. And so the fundamental question is, what do you need to do to keep the economy growing, in order to make sure the tax revenues keep coming in to the Treasury?" He answered his own question, remarking that "step one to balancing the budget is to keep taxes low. As a matter of fact, not only do I think we ought not to raise them, I think we ought to make every tax cut we passed permanent."

The GAO\'s full update on the fiscal outlook can be accessed at its website.


bin mal gespannt,wie sie das in den griff bekommen wollen.
heute ist übrigens viel von aktien in edelmetalle umgeschichtet worden...interessant,wie sich der goldpreis schlagartig wieder gefangen hat.

lg
AlaskaBear

[AlaskaBear]

Antwort auf Beitrag Nr.: 28.006.386 von Boep am 27.02.07 16:39:18

ach was,massaker.
ist doch was ganz normales...auch wenns momentan weh tut.
die hausse in shanghai wurde in den letzten monaten NUR mehr durch liquiditätszufluss getrieben.dieser miss-stand wird nun korrigiert.und ALLE börsen,ausnahmslos,werden mitgezogen.
außerdem,der anschlag in afganistan war auch kein freundschaftsbeweis oder ein beweis,das es in dieser region friedlicher wird...

kannst du dich noch an meine mahnenden worte erinnern?
jetzt hat es nicht mal mehr einer kriegserklärung bedarft,um die korrektur einzuleiten....man sollte mal vorsichtshalber mit einer korrektur von 35-45% gesamt rechnen.
ihr solltet euer pulver trocken halten...oder wie hat heute ein banker zu mir gesagt: "oho,china fährt mit 10% in den keller.ich bringe meine mäuse in sicherheit!"

lg

mal schauen,wie die woche endet?

[Boep]

Antwort auf Beitrag Nr.: 28.005.572 von riskfreak am 27.02.07 16:10:22

das ist ja ein MASAKER

[Boep]

Antwort auf Beitrag Nr.: 28.005.572 von riskfreak am 27.02.07 16:10:22

die 2 hat wohl nicht gehalten

[riskfreak]

da gilt nur: augen zu und durch!

[Boep]

wollen mal hoffen dass die 2 vorne bleibt

[Nedle25]

Antwort auf Beitrag Nr.: 28.003.050 von madmax7 am 27.02.07 14:47:54

wie ist der kurs aktuell?

[madmax7]

Antwort auf Beitrag Nr.: 28.003.032 von madmax7 am 27.02.07 14:47:14

Tschuldigung.
Einmal hätte auch gereicht.

[madmax7]

Weiß jemand, wann der Abbau der Uranvorkommen in Spanien beginnen könnte?
Normalerweise dauert so eine Genehmigung mehrere Jahre.
Da aber schon im open pit abgebaut wurde, könnte es doch sehr viel schneller gehen- oder?

[madmax7]

Antwort auf Beitrag Nr.: 27.992.243 von AlaskaBear am 26.02.07 23:07:35

Weiß jemand, wie kurzfristig die Uranvorkommen in Spanien abgebaut werden können?
Normalerweise dauert so eine Gemehmigung mehrere Jahre.
Da aber schon vorher im Open Pit abgebaut wurde, könnte es weitaus schneller gehen.