Budget Myths

posted 11/21/2012 in General

Economic Commentary Highlights... 

  • The United States' structural budget deficit looms behind the fiscal cliff. 
  • Waste, fraud, and abuse, domestic discretionary programs and foreign aid receive a great deal of attention in the media, but are not a significant source of the nation's long-term budget woes.
  • Eighty percent of federal outlays are growing at an unsustainable pace and will contribute the most to our medium- and long-term budget woes in the coming decade.

View the entire economic commentary (pdf format)

Lincoln Savings Bank and LSB Financial are pleased to provide the above Economic Commentary for the week of November 20, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx 
This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902.http://www.mylsb.com/ 

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