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Eye on the Market, July 25, 2011
e caveat that many plans are not crystal clear what baseline they are using, or what steps they recommend to get to that baseline first. For example: the Gang of Six state that they used the President’s budget as a baseline (scored by CBO in March 2011), reduced deficits by $3.7 trillion, and ended up with a 71% d
Page: HOUSE_OVERSIGHT_025215 →1962 1968 1974 1980 1986 1992 1998 2004 2010 Debt limit to gov. receipts nd Source: OMB, BEA, J.P. Morgan Private Bank Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we’re stil
Page: HOUSE_OVERSIGHT_025215 →ks). If Italy or Belgium entered Europe’s Liquidity Hospital, a lot more money might be needed from European parliaments (in one worst-case scenario, Alliance Bernstein estimates that the EU lending facility would have to increase from 440 bn to 1.7 trillion Euros, mostly from Germany). Italy faces a multi-notch down
Page: HOUSE_OVERSIGHT_025217 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
pact 31 million filers in 2012 (and raise $132 billion in revenue), compared to 4 million filers in 2011 (and $39 billion in revenue). * For example: the Gang of Six state that they used the President’s budget as a baseline (scored by CBO in March 201 1), reduced deficits by $3.7 trillion, and ended up with a 71%
Page: HOUSE_OVERSIGHT_025221 →pts 30% —> 2x 20% 1x 1950 1956 1962 1968 1974 1980 1986 1992 1998 2004 2010 Source: OMB, BEA, J.P. Morgan Private Bank. Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we’re stil
Page: HOUSE_OVERSIGHT_025221 →gn funding needs (including deficits) through 2013 - Billions, EUR 1,800 1,600 1,400 1,200 1,000 800 Greece package (in one worst-case scenario, Alliance Bernstein estimates that the EU lending facility would have to increase from 440 bn to 1.7 trillion Euros, mostly from Germany). Italy es EFSM 600 400 200 f
Page: HOUSE_OVERSIGHT_025223 →Eye on the Market, July 25, 2011
e caveat that many plans are not crystal clear what baseline they are using, or what steps they recommend to get to that baseline first. For example: the Gang of Six state that they used the President's budget as a baseline (scored by CBO in March 2011), reduced deficits by $3.7 trillion, and ended up with a 71% d
Page: HOUSE_OVERSIGHT_031159 →islation is a rocky but healthy way for a democracy to decide whether mega-deficits are in the long-term public interest. Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we're stil
Page: HOUSE_OVERSIGHT_031159 →ks). If Italy or Belgium entered Europe's Liquidity Hospital, a lot more money might be needed from European parliaments (in one worst-case scenario, Alliance Bernstein estimates that the EU lending facility would have to increase from 440 bn to 1.7 trillion Euros, mostly from Germany). Italy faces a multi-notch down
Page: HOUSE_OVERSIGHT_031161 →Entities connected to both the Gang of Six and Alliance Bernstein

Barack Obama
PERSON
Mitch McConnell
PERSON
Ronald Reagan
PERSON
JPMorgan Chase
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATIONThe Peterson Foundation
ORGANIZATION
Belgium
LOCATION
Bernard Connolly
PERSON
Harry Reid
PERSON
Office of Management and Budget
ORGANIZATION
the Heritage Foundation
ORGANIZATIONMichael Cembalest
PERSON
Bundesbank
ORGANIZATION
White Castle
ORGANIZATIONthe Monetary Union
ORGANIZATIONthe German Social Democratic Party
ORGANIZATION
the Institute of International Finance
ORGANIZATIONLiquidity Hospital
ORGANIZATIONHamiltonian Advisors
ORGANIZATION
Weidmann
PERSON