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Budget Surplus

This Billionaire Governor Taxed the Rich and Increased the Minimum Wage -- Now, His State's Economy Is One of the Best in the Country

C. Robert Gibson | Posted 04.26.2015 | Politics
C. Robert Gibson

The next time your right-wing family member or former high school classmate posts a status update or tweet about how taxing the rich or increasing workers' wages kills jobs and makes businesses leave the state, I want you to send them this article.

Gridlockracy • [grid-lok-ruh-see] • noun

Dawson Church | Posted 02.05.2015 | Politics
Dawson Church

In the type of democracy we enjoy in the United States, the different branches of government can be controlled by different political parties, as in a Democratic president and a Republican Congress.

Finally, A Political Conflict That Isn't Such A Bad Thing

Pew's Stateline | Elaine S. Povich | Posted 04.22.2014 | Politics

This piece comes to us courtesy of Stateline. Stateline is a nonpartisan, nonprofit news service of the Pew Charitable Trusts that provides daily repo...

Walker's Economic Plan: As Usual, Good for Walker and Bad for Wisconsin

Rep. Gwen Moore | Posted 04.23.2014 | Politics
Rep. Gwen Moore

His latest plan: prioritize a whopping tax cut package totaling more than $500 million over education and job training, infrastructure improvements, and long-term fiscal discipline. But what would be the true cost for the state's fiscal health -- not to mention the people of Wisconsin?

Governor's Goal Praised As A 'Huge Step Forward'

AP | AUDREY McAVOY | Posted 12.17.2013 | Politics

HONOLULU (AP) — Gov. Neil Abercrombie on Monday proposed setting aside money for less prosperous times while Hawaii enjoys a record budget surplus. ...

The Week to Week News Quiz

John Zipperer | Posted 09.15.2013 | San Francisco
John Zipperer

You wouldn't guess it from TV, but there has been a lot going on this week besides the Florida murder trial. See how much you were able to read between the lines by taking our weekly news quiz.

Friday Talking Points -- Drop The Nuke, Harry!

Chris Weigant | Posted 09.11.2013 | Politics
Chris Weigant

Go ahead and drop that nuke, Harry! Start approving President Obama's nominees, as the Constitution says you are supposed to. Republicans will be Republicans no matter what you do, and you've already been suckered twice by "handshake agreements" that they won't.

What Budget Deficit? US Records Surplus

AP | MARTIN CRUTSINGER | Posted 07.11.2013 | Politics

WASHINGTON -- The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. The ...

Treasury Makes Surprising Announcement

AP | MARTIN CRUTSINGER | Posted 04.14.2013 | Politics

WASHINGTON — The federal government reported a rare surplus for January and is on track to run the lowest annual deficit since President Barack ...

How the Clinton Surplus Led to the Bush Tax Cuts (Or, the Real Story You May Not be Hearing About the Fiscal Cliff)

Anne Phillips | Posted 02.09.2013 | Business
Anne Phillips

Should all the tax cuts be allowed to expire? Probably not. Should the tax cuts on those making over $250,000 expire? I really think so. Do we need to look at cutting our spending, too? Of course.

U.S. Posts Budget Surplus

Reuters | Posted 07.10.2012 | Business

By Mark Felsenthal WASHINGTON, May 10 (Reuters) - The United States posted a budget surplus for the first time in 42 m...

Obama Sees First Budget Surplus Of Presidency

AP/The Huffington Post | Posted 05.08.2012 | Politics

(AP/The Huffington Post) The Obama administration saw its first monthly budget surplus in April, with the federal government recording $58 billion, ac...

Amid Deficit Gloom, Several States Have Money To Spare

AP | By BECKY BOHRER | Posted 01.05.2012 | Politics

JUNEAU, Alaska -- The budget questions that sent Alaska lawmakers into special session this year had nothing to do with austerity measures or disagree...

Bill Clinton Is Baaaaaaaaack!

Dean Baker | Posted 12.03.2011 | Business
Dean Baker

Please, President Clinton, save some trees. Don't give a half-baked lecture on the virtues of deficit reduction. It is not what the country needs.

If Al Gore Had Become President

Brent Budowsky | Posted 11.04.2011 | Politics
Brent Budowsky

The day will come when we will know for sure what President Gore would do, when President Gore does it.

Paul Krugman: Blame The 'Policy Elite'

New York Times | Paul Krugman | Posted 07.09.2011 | Business

The fact is that what we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public dem...

Is the Next Financial Crisis Approaching? The Case of Public Debt

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

China and other foreign countries will not endlessly finance the US budget deficit; China recently sold $34 billion of American treasuries, and now holds less US debt than Japan.

Federal Reserve Chairmen Never Learn: Calculated Risk | Calculated Risk | Posted 05.25.2011 | Business

In his 2001 testimony, Fed Chairman Alan Greenspan testified before the House Committee on the Budget, and while offering his usual cautions and cavea...

Counting the Cost of Good and Bad Debt

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

While watching President Obama's press conference Tuesday evening, I was struck by a few things that are often forgotten in the criticism of his proposed budget.