The turmoil in Washington is troubling. But there is a clear path to a soft landing if all sides respect the historical precedent, negotiations begin quickly, and the focus is on the spending side of the budget.
The Tea Party Republicans are trying to legislatively veto a settled law -- the Affordable Care Act -- by holding hostage the funding for the entire rest of the U.S. government. This defies constitutional governance and borders on sedition.
The CBO long-term budget outlook report is not only based on the wrong projections. It also focuses on the government's deficit over the next couple decades.
What government department does the Tea Party want to be funded that is not currently being funded right now during the shutdown? I can't think of one.
As the partisan warfare in Washington continues over the government shutdown and looming debt ceiling, it is important to examine some of the deeper i...
Asking some sacrifice from seniors would be understandable if the country were in a situation where it was really strapped for resources and we were asking for everyone to do their part. However this is clearly not the situation we are in today.
Though the handouts to the larger banks have exceeded a trillion dollars over the five years of the QE programs most, if not all, of these institutions remain underwater if their assets were to be marked to the market.
We know the shutdown is not about fiscal responsibility. If it was, Republicans would not have run up the deficit under W by trillions of dollars with two unpaid wars, unpaid Medicare prescription plan, and the Bush tax cuts.
Let's not forget that even if the debt ceiling debate does eventually end positively, the 2011 fiasco resulted in a downgrade of the U.S. credit rating, and given how crazy Washington is right now we may be better off protecting our present than betting on our future.
ANCHORAGE, Alaska -- Furloughed federal employees in Alaska have 900 more reasons to give thanks for the Great Land. By luck of timing, the governme...
If there was some underlying "cut deficits" strategy to the Republican shutdown, then why would the House have passed a budget bill on the brink of the shutdown which increased the debt by $29 billion?
Daniel Alpert makes a compelling case that the U.S. and the world are stuck in a serious crisis of insufficient demand. Alpert is focused on the government spending route to restoring full employment, which is great, but this is not the only possible route.
Is $4 billion in taxpayer money better spent subsidizing JPMorgan's alleged criminal activity or funding the federal agency charged with defending consumers from dangerous financial products?
This conservative, austere budget has been rejected for months. Their goal is not really about defunding ObamaCare. Their goal was to force their extreme agenda onto the American people.
We have been repeatedly warned that the dollar could lose its status as the world's reserve currency in the event of default. While this is a dubious claim (will countries rush to the euro?), it would actually be good news if it were true.
It's one thing for the GOP to demand cuts in government spending as a way to enforce fiscal responsibility on Washington, but it is quite another for them to hold the federal budget hostage in order to backdoor a political agenda. That is so far from governing that it is laughable, if not downright impeachable.