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WZTV FOX 17 - Top Stories
(AP) A sea of red ink is confronting the nation and presidents to come.
The budget deficit _ the shortfall created when the government spends more in a given year than it collects _ is on track to top $1 trillion for the fourth straight year. The government borrows about 40 cents for every dollar it spends.
The national debt is the total amount the federal government owes. It’s risen to a shade over $16 trillion.
There’s widespread agreement that something must be done. One big question is whether to slow spending gradually, to avoid suddenly tipping the economy back into recession, or to impose steep spending cuts right away because the problem is so severe. And how should tax revenue fit into the mix?
The budget deficit _ the shortfall created when the government spends more in a given year than it collects _ is on track to top $1 trillion for the fourth straight year. The government borrows about 40 cents for every dollar it spends.
The national debt is the total amount the federal government owes. It’s risen to a shade over $16 trillion.
There’s widespread agreement that something must be done. One big question is whether to slow spending gradually, to avoid suddenly tipping the economy back into recession, or to impose steep spending cuts right away because the problem is so severe. And how should tax revenue fit into the mix?
Thursday, October 4 2012, 03:41 AM CDT
Tennessee News
Tishomingo County voters OK beer, alcohol sales
May 22, 2013 23:38 GMT
IUKA, Miss. (AP) -- Tishomingo County is the latest Mississippi jurisdiction to legalize alcohol sales.
Voters approved the sale of liquor, wine and beer Tuesday, reports the Northeast Mississippi Daily Journal (http://bit.ly/13JCcix).
It wasn't clear referendums would pass until affidavit ballots were counted Wednesday.
With more than half Tishomingo County's voters casting ballots, legalizing alcohol passed by 42 votes, while legalizing beer and light wine passed by 73. The county borders Alabama and Tennessee.
Lawmakers legalized liquor at a proposed resort at the county's Bay Springs Lake in 2010, but it wasn't built.
Greene County voters legalized beer sales last year, while Corinth, New Albany and Senatobia have legalized alcohol sales under a 2012 law that allows cities to hold votes.
Mississippi has 13 remaining counties that allow no beer or alcohol sales.
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