The absurdities pushed by Ferguson and like-minded people in positions of power, in direct defiance of massive evidence to the contrary, have ruined millions of lives and cost the world more than $10 trillion in lost output since the crisis began.
A new report from the Stimson Center -- shows how the Pentagon can make the roughly $50 billion in cuts required by current law. An important assumption underpinning the approach is that the era of large scale, boots-on-the-ground conflicts is over.
Conservative Republicans are using the system, because they can, to bring the healthcare bill back on the agenda by refusing to pass the omnibus budget bill for 2014. This is possible by design and a result of the Separation of Powers. That system of checks and balances incorporates the need for agreement and compromise between the legislative, executive and judicial branches of government.
Between deficit spending and dollars created on the Fed's balance sheet, we estimate $8 trillion has been infused into the U.S. economy over the past ...
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.