Sensible Sally Webseries

Sensible Sally is a cartoon webisode that features "Sally", a fourth grader, who reports and comments on government spending, the deficit and United States Debt. From the POV of a 10 year old, Sally operates from a lemonade like stand.  She mostly riddicules spending bills while trying to raise awareness on the rising National debt which will be hers someday to pay back. 

 

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The Sensible Sally Cartoon Series

Sally, a forth grarder, gives her point-of-view on deficit spending and the growing national debt.

 

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Friday
05Feb2010

Do Deficits Matter?

Moody's yesterday warned the United States that the rate of deficit spending could down grade the credit rating on the United States.  Bush double the National Debt with excess spending.  Obama is going to double the National Debt under his administration.  Republican and democrats have a track record of not being able curtail spending deficit spending.  The justifications is always some import issue, need or sparking growth with the promise the spending will actually reduced the deficits in the long-term.   Clinton claims he had a surplus in revenue during his administration, but if you take out the money from taken from Social Security bank account, Clinton never had a surplus.  

I can remember when Senator Monahan fought vigorously against using the savings for Social Security to pay for the U.S budget.   Today, Social Security’s bank account is empty, thus, the government has to borrow money to cover every penny of every Social Security check written. This is an example of misappropriation of funds which is a crime in the private sector that the guilty serve time behind bars.  


Here’s the skinny on the

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Friday
05Feb2010

83% Blame Deficit on Politicians’ Unwillingness To Cut Spending

Eighty-three percent (83%) of Americans say the size of the federal budget deficit is due more to the unwillingness of politicians to cut government spending than to the reluctance of taxpayers to pay more in taxes.

A new Rasmussen Reports national telephone survey shows that just nine percent (9%) of adults put more blame on the unwillingness of taxpayers to pay more in taxes.

Ninety-four percent (94%) of Republicans and 91% of voters not affiliated with either major party place the blame on politicians, and two-thirds (66%) of Democrats agree.

Just 11% of all voters now think the government spends taxpayers’ money wisely and well. Seventy-eight percent (78%) do not believe that to be true.

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Thursday
04Feb2010

Is this the beginning of the end for U.S. deficit spending? 

According to the Associated Press, Moody Investors Services said the public finances of the United States is "deteriorating considerably and may therefore 'test the Aaa boundaries' in the future. This in response to record deficit levels in 2009 of $1.42 trillion.

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Tuesday
02Feb2010

How does Obama's 2011 projected deficit compare?

The estimated $1.27-trillion deficit in 2011 is down from a record $1.56 trillion this year.

Reporting from Washington - The White House has proposed a $3.8-trillion budget for the fiscal year 2011, which begins Oct. 1. What is the projected deficit, and how does that compare with past years?

The deficit is estimated at $1.27 trillion in 2011 -- down from a record $1.56 trillion in the current year. The deficit -- the gap between budget outlays and tax receipts -- was $1.41 trillion in 2009, more than triple the previous high of $458.6 billion in 2008. Except for four years (1998, 1999, 2000 and 2001), the federal government has run a deficit consistently since 1970

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Tuesday
02Feb2010

Peter Peterson Foundation Examines 2010 US Budget Outlook

Summary
 
Despite a slowly improving economic picture, latest projections from the Congressional Budget
Office (CBO) show that serious fiscal challenges remain that will, within 10 years, compromise the
ability of the federal government to address important public needs.  With a growing share of the
overall budget devoted to Medicare, Medicaid, Social Security, net interest, and national defense,
fewer and fewer resources will be left for other federal programs such as education, research and
development, and investments in physical infrastructure that could strengthen our future economy.

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Monday
01Feb2010

Obama unveils $3.83T budget with massive deficits

By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer Mon Feb 1, 6:10 am ET

 

WASHINGTON – President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.

The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year's then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute a three-year budget freeze on a variety of programs outside of the military and homeland security as well as increasing taxes on energy producers and families making more than $250,000.

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Tuesday
26Jan2010

Is the U.S Dollar becoming Monopoly Money?

DeficitAid.com

Washington politicians are spending money as if it’s like Monopoly Money. This practice has gone on for years through many administrations but the rise in deficit spending has escalated fiscal recklessness.  The causes of Washington spending are complex, but a growing trend seems to be the psychological disconnection to the consequences of massive debt.

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Monday
25Jan2010

Obama supports bipartisan task force on budget deficit 

Agence France-Presse

WASHINGTON DC, United States—US President Barack Obama offered support Saturday for the creation of a bipartisan fiscal task force intended to tackle the burgeoning US deficit.

Legislation mandating the task force was introduced last December by Democratic Senator Kent Conrad and Republican Senator Judd Gregg. It is due to be voted on this Tuesday.

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Friday
22Jan2010

Debt ceiling fight: It's back

By Jeanne Sahadi, senior writer

NEW YORK (CNNMoney.com) -- The country's legal debt limit will need to be raised again -- and soon. The Senate on Wednesday will debate just how high.

The proposed increase is likely to be north of $1 trillion and could be as high as $1.8 trillion. The goal is to boost the limit enough so that the issue need not be revisited before next year, and in any case not before the November mid-term elections.

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Friday
22Jan2010

Democrats propose $1.9T increase in debt limit

By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer Wed Jan 20, 6:39 pm ET

WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.

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