The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Saturday, February 9, 2013

Bankrupting America: Weekly Recap: No Mail?‏

Hi there,

Happy Saturday! Here’s your roundup of the top headlines from the past week:

1) USPS is cutting Saturday mail service. The Postal Service, in a move indicative of its financial woes, announced the upcoming end of normal service on Saturdays beginning in August. The additional scale-back in service from the government agency prompted many to ask whether a government that can’t figure out how to deliver mail will find a way to save entitlement programs like Medicaid and Social Security.

2) President Obama prepares to deliver his annual State of the Union address next Tuesday, with some saying the speech will be agenda-setting for his second term.

3) The Congressional Budget Office released its annual Budget Outlook report. The report showed a continued rise in both the deficit and the national debt over the long term, with continued slow economic growth.

4) On Sunday, President Obama called for closing tax loopholes in order to increase revenue. But just a month ago Washington passed a deal to avert the fiscal cliff that included a host of tax breaks for special interests like rum distillers in Puerto Rico. Will those sweetheart giveaways be on the chopping block too?

5) We broke down the projected 2013 deficit to see just how big it is. As it turns out, our projected deficit of $845 billion would pay for Indianapolis Colt linebacker Dwight Freeney’s salary for 44,392 years.