14,042 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 91 of 141.
“they did a cash-out re-fi in 2007, took out $51,000 to pay down debt on their family business.”
“their home price had appreciated to $250,000. That is, their home price doubled in just eight years.”
“the Kellers...had a $168,000 mortgage but their home has depreciated to $100,000 because home prices in Reno, Nev., have dropped 50 percent since the peak of the housing market.”
“they saw that their home price had appreciated to $250,000. That is, their home price doubled in just eight years.”
“most of the 10 changes they are advocating would deepen the funding problems facing Social Security, which will not be able to meet all its financial obligations after 2033.”
“That proposal would increase Social Security's shortfall by 28 percent.”
“Medicare, which will provide health insurance to more than 50 million elderly and disabled Americans this year, is expected to start operating in the red in its largest fund in 2024, according to the annual assessment by the trustees charg…”
“And the Social Security trust fund, which will provide assistance to more than 45 million people in 2012, will be unable under current trends to fulfill its obligations in 2033, three years earlier than projected last year.”
“JPMorgan Chase CEO Jamie Dimon on Friday scrambled to contain the fallout from his announcement that his bank's Chief Investment Office lost $2 billion on a bad bet on corporate debt.”
“his bank's Chief Investment Office lost $2 billion on a bad bet on corporate debt”
“Dimon, who received $23 million in compensation in 2011”
“A year later, we have $9 billion in unpaid bills. We have the worst credit rating in the nation, downgraded below California. We have $2 billion in unpaid Medicaid bills, and our pension obligations are eating up funds that should be going…”
“More than $5 billion of the $7 billion raised by new taxes went to paying down pension obligations”
“Unemployment has dropped from 7.7 percent to 6.8 percent since Walker took office.”
“Unemployment in neighboring Illinois, however, only dropped below 9 percent in March—the first time it has done so in two years.”
“Wisconsin property taxes have fallen for the first time in 12 years.”
“The state's adult debt per capita is roughly $687.”
“Illinois’ is about $853.”
“Illinois Gov. Pat Quinn and the state legislature floated $7 billion in new taxes, including a 67 percent individual income tax increase and a 46 percent corporate tax increase.”
“More than $5 billion of the $7 billion raised by new taxes went to paying down pension obligations, said Christian Schneider, a senior fellow at the Wisconsin Policy Research Institute.”
“The state gained 32,000 jobs in the 12 months ending in February, the U.S. Bureau of Labor Statistics reported.”
“Wisconsin lost 16,900.”
“Meanwhile, Wisconsin managed to eliminate its deficit while not decimating public schools, contrary to the predictions of many opposing Walker.”
“The district now faces a $28 million budget deficit and the possible elimination of 300 jobs, a Kenosha spokesman told the Milwaukee Journal Sentinel.”
“Edith O’Brien, told Congress in March that Corzine personally ordered the transfer of $200 million from customer accounts on Oct. 28, 2011, to cover an overdraft.”
“The firm has yet to account for more than $1.6 billion in missing customer funds”
“Commodity Futures Trading Commission Chairman Gary Gensler, worked with Corzine at Goldman Sachs. The two met several times during Corzine’s tenure at MF Global to discuss financial regulation, including a law that would have restricted it…”
“As the result of direct lobbying efforts of Mr. Corzine and other high level executives, the CFTC delayed certain regulatory changes that would have enhanced customer protections,”
“The rule, now known as the 'MF Global rule,' did not become an official regulation until immediately after the firm’s collapse.”
“MF Global filed for bankruptcy in October 2011 when the firm’s risky, heavily leveraged purchases of European debt—overseen by Corzine—led credit ratings agencies to cut the firm’s rating to junk.”
“The firm has yet to account for more than $1.6 billion in missing customer funds.”
“Their lawyers are getting reimbursed at rates as high as $750 an hour, sources tell FoxNews.com.”
“Millions of dollars in taxpayer money has gone to already wealthy environmental groups as a result of the law, according to Fox News, which reported that the government does not even track the payouts.”
“The 2010 law, to be phased in starting Jan. 1, 2013, requires financial institutions based outside the U.S. to obtain and report information about income and interest payments accrued to the accounts of American clients.”
“The almost 400 pages of proposed rules issued by the U.S. Internal Revenue Service in February create "unnecessary burdens and costs,"”
“the Institute of International Bankers and the European Banking Federation said in an April 30 letter to the IRS, one of more than 200 submitted to the agency.”
“The IRS plans to hold a hearing May 15”
“According to the Organization for Economic Co-operation and Development (OECD), tax hikes accounted for nearly 50 percent of France’s deficit-reduction package.”
“The ratio of tax increases to actual spending cuts among European countries between 2010-2011 was nearly 9-to-1, according to official European Union statistics.”
“spending cuts should account for at least 85 percent of any successful deficit-reduction package.”
“a suitable low-end target for the expenditure share is around 85 percent of the total fiscal consolidation”
“According to the Organization for Economic Co-operation and Development (OECD), tax hikes accounted for nearly 50 percent of France’s deficit‑reduction package.”
“spending cuts should account for at least 85 percent of any successful deficit‑reduction package.”
“a suitable low‑end target for the expenditure share is around 85 percent of the total fiscal consolidation”
“Under Ryan’s plan, federal spending would grow at a rate of about 3 percent a year, which is roughly equivalent to the average rate of U.S. GDP growth since World War II.”
“tax hikes accounted for nearly 50 percent of France’s deficit-reduction package.”
“The ratio of tax increases to actual spending cuts among European countries between 2010-2011 was nearly 9-to-1”
“nearly $2 trillion in tax increases over the next decade, or about half of the total deficit reduction claimed by the White House.”
“increase federal spending from $3.8 trillion in 2012 to $5.8 trillion in 2022, a net increase of $2 trillion, or 53 percent.”
“increase spending slightly less dramatically—from $3.6 trillion in 2012 to $4.9 trillion in 2022, a net increase of $1.3 trillion, or 36 percent.”
“federal spending would grow at a rate of about 3 percent a year”
“spending would increase by about 4.5 percent per year”
“just $35 billion less per year than Obama has proposed, or less than 1 percent of what the federal government plans to spend in 2012”
“Federal spending as a percentage of GDP would reach 19.8 percent by 2022 under Ryan’s proposal”
“Federal spending under Obama’s plan would rise to 22.8 percent of GDP over the same period”
“Revenue under the Ryan plan would reach $4.6 trillion by 2022, or about 18.7 percent of GDP”
“total revenue would rise to $5.1 trillion by 2022, or 20.1 percent of GDP”
“tax rates which are now scheduled to increase at the start of 2013," Curtin said.”
“We need 200,000 to 250,000 jobs to really make this, or to really illustrate that this is a healthy and strong recovery.”
“It’s consistent with the 2.2 percent—the weak 2.2 percent real GDP we saw for the first quarter.”
“We lost 8.8 million jobs since the onset of the recession—we’ve only gained back about 3 million of those.”
“You guys, Democrats, have the 8.1”
“you don't like 115”
“you don’t like even being above 8”
“as opposed to 130 or 120”
“You guys, Democrats, have the 8.1 and, by all indications, it, looks like it could be a 7 handle by the time there’s an election.”
“But I know, as a former labor expert, you don't like 115 and you don’t like even being above 8, right?”
“it’d be great to be around 180 as opposed to 130 or 120.”
“United States labor participation rate fell to 63.6 percent in April”
“lowest recorded level since December 1981”
“115,000 jobs added”
“consensus expectations of about 160,000”
“smallest reported gain in six months”
“The official unemployment rate declined slightly to 8.1 percent”
“more than 500,000 people leaving the labor force”
“The number of long-term unemployed (at least 27 weeks without a job) remained steady at 5.1 million.”
“at least 27 weeks without a job”
“if labor force participation was the same as when President Obama took office, the unemployment rate would be about 11 percent.”
“The real unemployment rate, which includes individuals working part-time for economic reasons, is currently 14.5 percent.”
“38 consecutive months with unemployment above 8 percent”
“Bloomberg notes is the "longest such stretch since monthly records began in 1948."”
“the severe recession that began at the end of 2007.”
“For instance, when Thomas bought a $22,499 Victory motorcyle, he also spent more than $700 bucks on motorcycle apparel from a store in White Plains, Md.”
“Chaps: $89.99 (LL called the store and confirmed that the chaps were, indeed, made of leather)”
“Clifton predicts that the expiring cuts, pending hikes, and sequester cuts will drag the economy down by $573 billion, or 3.5 percent of gross domestic product”
“We’ll move millions of low and middle income Americans onto the tax rolls for the first time in a decade," said Ike Brannon, director of economic policy at the American Action Forum.”
“People making between $50,000 and $75,000 would pay on average $2,200 more in taxes.”
“Expiring tax cuts, new Obamacare tax hikes, and automatic cuts resulting from "sequestration" will cost Americans between $300 and $700 billion in 2013 if nothing is done.”
“Clifton predicts that the expiring cuts, pending hikes, and sequester cuts will drag the economy down by $573 billion, or 3.5 percent of gross domestic product;”
“The nonpartisan Congressional Budget Office predicts the economic drag will cause a 2 percent decline in real GDP for the year.”
“the loss of the Bush rates, as well as expiring payroll tax cuts and $26 billion in Obamacare taxes, will devastate lower- and middle-class Americans, whose taxes would rise by as much as $200 billion, experts say.”
“"People making between $50,000 and $75,000 would pay on average $2,200 more in taxes."”
“"It could be a 10 percent cut in disposable income," said a Budget Committee staffer who spoke on the condition of anonymity.”
“The so-called sequester, which would automatically cut $1.2 trillion from defense and domestic budgets, will be triggered on Jan. 1, 2013, unless Congress can agree on an equally large deficit reduction plan.”
“Clifton predicts that the expiring cuts, pending hikes, and sequester cuts will drag the economy down by $573 billion, or 3.5 percent of gross domestic product; that would be double the burden of the tax increase implemented by Democrat Ly…”
“But the loss of the Bush rates, as well as expiring payroll tax cuts and $26 billion in Obamacare taxes, will devastate lower- and middle-class Americans, whose taxes would rise by as much as $200 billion, experts say.”
“It could be a 10 percent cut in disposable income,”
“Medicare (bankrupt by 2024)”
“Social Security (insolvent by 2035)”
“U.S. economy (non-existent after 2027)”
