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Budget Crisis

Bloodletting Taxes -- Myths and Facts

Howard Steven Friedman | Posted 06.07.2011 | Business
Howard Steven Friedman

There is no reason to believe that moving America's marginal tax rate down from 35% to 30% or even 25% will stimulate growth.

If the Government Shuts Down, Will Anyone Notice?

Howard Steven Friedman | Posted 06.05.2011 | Politics
Howard Steven Friedman

For those who want to prove that the government is oversized, the limited impact of a short-term shutdown might be used as powerful evidence.

The Perfect Fiscal Storm: Causes, Consequences, Solutions

L. Randall Wray | Posted 06.01.2011 | Business
L. Randall Wray

Wall Street is bubbling up even as the economy as a whole is in the trenches. This bubble will not last long. It is going to crash.

America Needs Our Federal Employees

Daniel C. Adcock | Posted 05.25.2011 | Politics
Daniel C. Adcock


Let's Innovate Our Budget Cutting Process

Frank A. Weil | Posted 05.25.2011 | Politics
Frank A. Weil

We could be confronted with severe currency adjustments imposed on us by global bond markets. This could spark serious fear that would make recent events in Europe and Greece look like someone a quarter short on their venti latte.

William Alden

One Of America's Most Dangerous Cities Fires Half Its Police Force | William Alden | Posted 05.25.2011 | Business

Budget pain hit home in Camden, N.J., on Tuesday, as nearly a sixth of city employees lost their jobs in one of America's most dangerous cities, AP re...

Jamie Dimon: Be Afraid of Municipal Bonds

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As cities across the nation face increasing budget strains, the vocal group of experts warning about municipal defaults has gained a powerful member: ...

Public Workers Facing Outrage As State Budget Crises Grow

New York Times | | Posted 05.25.2011 | Business

Across the nation, a rising irritation with public employee unions is palpable, as a wounded economy has blown gaping holes in state, city and town bu...

Police Using Thousands More Civilians For Official Duties To Stretch Budgets

USA Today | Posted 05.25.2011 | Politics

Police agencies across the country are recruiting thousands of civilians for a growing number of duties previously performed by uniformed cops, in an ...

Colorado Springs Now Outsources Its Outsourcing Efforts

Colorado Springs Independent | J. Adrian Stanley | Posted 05.25.2011 | Denver

No matter how you describe it, Colorado Springs' attempt to "be more efficient" by looking at outsourcing many basic city services to private companie...

Harsh Realm: The Legacy That Meg Whitman Invokes

William Bradley | Posted 05.25.2011 | Los Angeles
William Bradley

As she shatters all spending records in her attempt to defeat Jerry Brown, billionaire Republican Meg Whitman has a role model in mind. He's her campaign chairman. And, as fate would have it, he is responsible for California's structural budget deficit.

State Aid Passes Senate, As Conservatives Confirm Hatred Of Teachers And Jobless

Bill Scher | Posted 05.25.2011 | Politics
Bill Scher

Senate Majority Leader Harry Reid today finally overcame the conservative filibuster blocking aid to fiscally distressed states, securing the votes of...

The State Aid Vote Today Is Not About The Deficit

Bill Scher | Posted 05.25.2011 | Politics
Bill Scher

The Senate is expected to vote today on providing $26 billion in aid to fiscally distressed states and cities. The vote is about many things. Jobs. ...

California City and Striking Teachers Agree - We're Broke!

Youth Radio -- Youth Media International | Posted 05.25.2011 | Politics
Youth Radio -- Youth Media International

Originally published on, the premier source for youth generated news throughout the globe. By: Brett Myers "The vast majority of t...

Cash-Strapped Colorado Springs Has $600k It Cannot Use. Thanks, TABOR

The Gazette | DANIEL CHACON | Posted 05.25.2011 | Denver

It may sound strange, given Colorado Springs' exhaustive and well-publicized budget problems, but the city has nearly $600,000 in "excess" revenue tha...

Greek Austerity Should Include a Tax Amnesty

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

While Greece has pledged to crack down on tax cheats as part of its bailout commitments, there is a simple way to put the commitment to tax enforcement on an equal footing.

Small City Plans To Disband ALL City Services

AP | Posted 05.25.2011 | Los Angeles

MAYWOOD, Calif. — The small city of Maywood south of downtown Los Angeles plans to lay off almost all its employees, disband its police departme...

Quinn Won't Specify What Will Be Cut From State Budget

AP | DON BABWIN | Posted 05.25.2011 | Chicago

CHICAGO — Gov. Pat Quinn insisted on Tuesday that unlike lawmakers, he's willing to make the tough decisions to cut spending – he's just n...

Rethink Afghanistan: How to Get What You Pay For

Josh Mull | Posted 05.25.2011 | Politics
Josh Mull

I am the Afghanistan Blogging Fellow for The Seminal and Brave New Foundation. You can read my work on The Seminal or at Rethink Afghanistan. The view...

PETA Ads 'Too Racy,' Rejected By Colo. Springs, Manitou Springs Interested

Colorado Springs Business Journal | AP | Posted 05.25.2011 | Denver

The mayor of Manitou Springs says the town is open to the idea of allowing anti-meat ads on trash cans after Colorado Springs rejected the same propos...

WATCH: University Students Snap Up Community College Seats

Youth Radio -- Youth Media International | Posted 05.25.2011 | College
Youth Radio -- Youth Media International

Originally published on, the premier source for youth generated news throughout the globe. By Anna Bloom and Maggie Fazeli Fard The ...

Illinois Budget Crisis: Quinn Likely To Be Left With Tough Decisions

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Even the best options are bad as legislators return to Springfield today to take another whack at fixing a budget that spends $13 billion more than it...

Bloomberg Shuttering Lifesaving Senior Centers

Stacy Torres | Posted 05.25.2011 | New York
Stacy Torres

Under Bloomberg's grim plan to close at least 50 senior centers by July 1, thousands of seniors will not have a place to eat Thanksgiving this year.

Report From DC: 30/10 On Right Track

Antonio Villaraigosa | Posted 05.25.2011 | Los Angeles
Antonio Villaraigosa

I asked leaders in DC to help us with Measure R by accelerating our 12 transit projects so we can build them in ten years instead of 30. They are listening.

State of the City

Antonio Villaraigosa | Posted 05.25.2011 | Los Angeles
Antonio Villaraigosa

This year, my State of the City address will stay confined to one subject: our City budget and how we can put Los Angeles back on a path to fiscal health.