US Federal Deficit Passes $100 Billion for Just July
Nothing to do with domains, but it is important to note that the US budget deficit for July 2008 was a staggering $102.8 Billion dollars, almost triple from July 2007 deficit of $36.4.
So far this year, the budget deficit totals $371.4 billion, more than double last year’s deficit through the same time period of $157.4 billion
The Bush administration recently revised its forecast for this year’s deficit, lowering it from an estimate of $410 billion, down to $389 billion. However, the Congressional Budget Office is more pessimistic, projecting the deficit for this year will total $400 billion when the current budget year wraps up on Sept. 30.
The 2009 budget year, which begins Oct. 1, the administration is projecting a deficit of $482 billion, which would be the highest in history, surpassing the old mark of $413 billion set in 2004.
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Let’s not forget the buget for “Black ops” which is totally off the record….
Thanks for highlighting this again.
Yesterday, the Commercial and Business Users Constituency weighed in on this anti-competitive practice of registrars warehousing of domain names with an addendum to their original ICANN Registrar Accreditation Agreement comments. http://forum.icann.org/lists/raa-consultation/
This is great because it’s a group of powerful industry heavy hitters like eBay, Dell, Verizon, Yahoo! and also another big-time domainer, the Castello Cities Internet Network.
Here’s their addendum in full:
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Supplementary note from the Commercial and Business Users Constituency: Warehousing
* To:
* Subject: Supplementary note from the Commercial and Business Users Constituency: Warehousing
* From: “BC Secretariat”
* Date: Tue, 12 Aug 2008 08:47:57 +0200
With respect to the provisions on warehousing of domain names, it seemed
that what most concerned everyone was that ICANN registrars, by virtue of
the RAA, had access to a pool of expiring domain names that they could
“store” for future use or sale.
That information and access meant they had preferential market information
which they could use to advantage themselves over others who may wish to
purchase expiring names. This creates a two tier system where some in the
marketplace are disadvantaged. Some are concerned about the
anti-competitive nature of this.
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Not a peep from the ICA, though. What a surprise, Tucows is a member.
Sorry, I meant to post the comment above in the Tucows article.
US Federal Deficit Passes $100 Billion for Just July – what a President the USA has the Guy has money to to slaughter innocent people around the world in the Name of Democracy and FREEDOM against an enemy made out of mindless fluff (Terrorists) – The Private Company the Federal Reserve must be happy since they print out the $100 billion and charge the US Government interest on the $100 billion they give to the US Government to balance their books.
The owners (which are shielded in Secret) of the private Company called the Federal Reserve must be having a ball creating money out of thin air and then passing it on to the US Government and then they collect the interest.