As part of the deal to end the government shutdown, continue funding the government until Jan. 15 and extend the debt ceiling until Feb. 7, Congress convened a budget conference committee between the House and Senate with a goal of reaching agreement on a budget by Dec. 13. The future of Social Security and Medicare are at stake.
I can understand why Republican leaders like this deal. They don't want to risk another government shutdown, given how badly they got burned by the last one earlier in the fall. But America would do better with another temporary spending resolution than with this raw deal.
Women are doing better in today's economy. They still face major headwinds but their unemployment rate is significantly lower than men's and they have...
Democrats are hammering out a deal with transparent fraud Paul Ryan when they should be shouting the truth to anyone who'll listen. And the rest of us? We should be reaching for pitchforks.
The American public has seen it all -- a government shutdown for the first time in 18 years, and what seems like the strongest partisan gridlock in history. Well, time is almost up again.
By all accounts, Small Business Saturday was a smashing success. Now, in order to kick the American economy into over drive, it's time to convert it from an annual event to a year-long one. That is why 2014 will be The Year of Small Business
While we applaud Senator Warren and Paul Krugman for their unequivocal stance not to cut but to expand the benefits of social security, we believe we can be much bolder.
It should be no surprise that it has taken so long for a prominent member of the American policy elite to suggest openly to his colleagues that the core assumption upon which they have been managing the economic crisis might be dead wrong.
The Congress is beginning negotiations on the budget. If the end result is a budget dominated by tax increases and discretionary spending cuts, the deficit will be lower but the unfairness will be magnified.
The big question for Democrats is this: What kind of deal is worse than the sequester, which Paul Ryan has said is the Republicans' fallback position. In other words, what would make Democrats throw up their hands and say: "You want it? You got it." -- and mean it?
Our leaders like to call their strategy borrowing, but it is really tantamount to stealing -- from our children, worse yet. Why? Because we have no plans to pay the debt.
Let's accept the premise that U.S. federal debt is out of control and cannot be reined in by efficiency in the health care sector. The way the government is cutting the deficit is the absolutely, objectively worst way the government could cut the deficit.
NIF is a nonpartisan network of educational and community organizations that regularly convene people to exchange views on major issues. Throughout 2011 and 2012, the group brought typical citizens together to deliberate on options for tackling the debt.
The folks making economic policy in Washington are getting ever more resistant to evidence. As we approach the sixth anniversary of the downturn with no end in sight, the nation has been treated to the perverse spectacle of our Treasury Secretary celebrating the sharp drop in the deficit.
It takes bold leadership for Congress to take the long view. Historically, such leadership has happened when there has been a clear and present danger to the nation.
Washington's obsession with tax cuts and deficit reduction is distracting the American people from the slow dismantling of the social contract, and its devastating impact -- financial and otherwise -- on all but the wealthiest among us.