Comments on: Behavior Gap News Round Up, 2.9.2009 http://www.behaviorgap.com/behavior-gap-news-round-up-292009/ Exploring the relationship between people and their money. Fri, 16 Jul 2010 16:53:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: MIck McDee http://www.behaviorgap.com/behavior-gap-news-round-up-292009/comment-page-1/#comment-70 MIck McDee Wed, 11 Feb 2009 19:26:09 +0000 http://www.behaviorgap.com/?p=747#comment-70 The cutback is in current spending which is running about 20% over tax receipts. Runaway government-sector pay rises during the glory years of rapid growth are being trimmed, but there's more fat in that sector - target of 16 billion in savings over five years. Without controlling current spending the government won't be able to borrow for their scheduled capital program (roads, bridges, energy, rail etc), which is still on the table and will be called 'stimulus'. The cutback is in current spending which is running about 20% over tax receipts. Runaway government-sector pay rises during the glory years of rapid growth are being trimmed, but there’s more fat in that sector – target of 16 billion in savings over five years.
Without controlling current spending the government won’t be able to borrow for their scheduled capital program (roads, bridges, energy, rail etc), which is still on the table and will be called ’stimulus’.

]]> By: Nate @ Money Young http://www.behaviorgap.com/behavior-gap-news-round-up-292009/comment-page-1/#comment-71 Nate @ Money Young Tue, 10 Feb 2009 04:58:20 +0000 http://www.behaviorgap.com/?p=747#comment-71 Cutting expense vs. Increasing spending. Thats an interesting thought. Of course we Americans are trained to spend more, what a novel idea it would be for the government would try to cut spending instead. -Nate Cutting expense vs. Increasing spending. Thats an interesting thought. Of course we Americans are trained to spend more, what a novel idea it would be for the government would try to cut spending instead.

-Nate

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