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Debt Crisis

It's the Defense Spending, Stupid

John R. Talbott | Posted 09.28.2011 | Politics
John R. Talbott

When you look at government revenues and expenditures, excluding Social Security and Medicare, the resulting story is quite alarming, but also very educational.

Jennifer Bendery

Hoyer Backs Obama Using 14th Amendment To Resolve Debt Crisis | Jennifer Bendery | Posted 09.27.2011 | Politics

WASHINGTON -- House Minority Whip Steny Hoyer (D-Md.) on Wednesday night became the highest ranking Democratic leader to throw his support behind the ...

Polarized Politics: How Extremists Have Taken America Hostage

June Carbone | Posted 09.27.2011 | Politics
June Carbone

A half century ago, neither political party disproportionately consisted of those who favored a my-way-or-the-high-way approach. Unbending ideologues did not make it into leadership positions. Today, it may be the only way to get elected -- for one of the parties.

Congress Is Obsessed With the Wrong Kind of Debt

Rep. Hansen Clarke | Posted 09.27.2011 | Politics
Rep. Hansen Clarke

Congress is now completely focused on reducing debt. This would be a positive development, if not for one detail: it's focused on the wrong kind of debt.

WATCH: Debt Crisis Not Looking Good

Posted 09.27.2011 | Comedy

We the clock is counting down on the debt ceiling crisis, many citizens are beginning to sincerely worry about the possibility that President Obama an...

The Debt Crisis And Our National Character

Dr. David P. Gushee | Posted 09.26.2011 | Religion
Dr. David P. Gushee

A budget is indeed a moral document, reflecting the character of a nation. All of our character qualities are being tested right now. All are pivotal.

Why The Debt Crisis Is More Severe Than Everyone Thinks

Business Week | Peter Coy | Posted 09.27.2011 | Business

There is a comforting story about the debt ceiling that goes like this: Back in the 1990s, the U.S. was shrinking its national debt at a rapid pace. S...

Joshua Hersh

China: U.S. Debt Crisis Is Giving Democracy A Bad Name | Joshua Hersh | Posted 09.26.2011 | World

WASHINGTON -- The seemingly endless process of resolving America's debt crisis may be giving America and its democratic form of governance a bad name ...

Understanding the Debt Ceiling Crisis is Easy: It's About Them, Not Us

Joanne Bamberger | Posted 09.26.2011 | Politics
Joanne Bamberger

It should come as no surprise to anyone that the little boys in Washington, D.C. who pretend to be the men who run our country have walked away from the single most important thing they need to do -- keeping our economy from defaulting.

Compromise Is Not a Dirty Word

Madeleine M. Kunin | Posted 09.26.2011 | Politics
Madeleine M. Kunin

Compromise, contrary to popular opinion, does not mean selling out one's principles. Compromise means working out differences to forge a solution which fits the diversity of the body politic.

Our Favorite Celebrities Turned Politicians

Posted 09.25.2011 | Celebrity

If Jack Donaghy can run Kabletown, can Alec Baldwin govern New York? If Donald Trump can pick out the next "Apprentice," can he find terrorists? If Br...

What World Leaders Think About The U.S. Debt Ceiling Debate

Posted 09.25.2011 | Politics

As Washington struggles to find compromise on its way to a debt ceiling deal, international leaders have spoken out on the U.S. debt situation and the...

Historic Housing Bust

| Joanna Lin | Posted 09.25.2011 | Los Angeles

By Joanna Lin Story comes courtesy of California Watch. White households have a net worth 20 times that of black households and 18 times that o...

Lucia Graves

House Republicans Take Aim At Environmental Regulations As Debt Crisis Looms | Lucia Graves | Posted 09.24.2011 | Politics

WASHINGTON -- With eight days until the country officially defaults on its debts, likely sparking a worldwide credit crisis, the House of Representati...

WATCH: Arianna Huffington Says 'Job's Issue Is A Demand Issue'

The Huffington Post | Harry Bradford | Posted 09.24.2011 | Business

Politicians in Washington have yet to reach an agreement to raise the debt ceiling. Many other Americans have other concerns. Last night on ABC's T...

U.S. Inches Closer To Downgrade With No Debt Ceiling Deal In Sight

Posted 09.24.2011 | Business

(Walter Brandimarte) - The United States took a step closer to losing its coveted triple-A credit rating over the weekend as a political impasse in Wa...

Arianna On 'This Week': 'Artificial Crisis' Distracting From Real Problems

Huff TV | Posted 09.23.2011 | Politics
Huff TV

Arianna appeared on "This Week" on Sunday to discuss the jobs crisis and how the debt ceiling is an "artificial crisis" that's distracting Washington ...

Geithner: 'Unthinkable' That U.S. Government Would Default

Reuters | Posted 09.23.2011 | Politics

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said Sunday it was unthinkable for the United States not to meet its debt obligations ...

The Economy Wants Stability and a Debt Deal, Not Special Interests

Duncan Quirk | Posted 09.20.2011 | Politics
Duncan Quirk

The NFL struck a deal, why can't our government? A solution that does not keep the status quo, but eases change and compromises between spending cuts and increased revenues is necessary now.

Banana Republicans

Brent Budowsky | Posted 09.20.2011 | Politics
Brent Budowsky

If the deficit talks collapse and the house of cards falls, the biggest losers will be Republicans, who almost certainly will lose control of the House.

Federal Reserve Plans For Potential U.S. Default

Posted 09.19.2011 | Business

The Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government's $14.3 tr...

On Taxes, The GOP Turns Their Strength Into a Weakness

Margie Omero | Posted 09.19.2011 | Politics
Margie Omero

By risking a world economic crisis in order to protect tax breaks for the wealthy, Republicans have exposed their real tax priorities. And voters are unimpressed.

A "Modest Proposal" to Fix U.S. Debt: America, Let's Walk Away

Jeff Reeves | Posted 09.19.2011 | Politics
Jeff Reeves

It is sad day when hardworking, undercompensated CEOs and money managers must see a bloated government gouge us with outrageous taxes -- and then throw away all our hard-earned money.

Jeremiah and the Debt Crisis

Paul A. London | Posted 09.18.2011 | Politics
Paul A. London

The Wikipedia paragraphs on the prophet Jeremiah fit my recollection of his warnings. They are relevant today as Tea Party radicals contemplate forcin...

Faith And Economy

Doug Demeo | Posted 09.17.2011 | Religion
Doug Demeo

Ultimately, Sunday faith and Monday faith serve the same God in relative peace and harmony, or, we endure the messy societal results of our own discord.