Rather than slashing services that millions of Americans rely on and cutting wages and benefits for government workers and retirees, Congress should be exploring ways to generate new sources of revenue that would put us on a path to prolonged economic growth.
No one argues that the government shouldn't be more prudent with its money, but a balanced budget amendment does almost nothing to address the underlying problems that lead to wasteful spending.
The deficit hawks' prophecies of near-term doom have not materialized.
Government cutbacks are also the main reason for our soaring inequality and social immobility, as domestic austerity policies have endangered the social safety net while conservative state governments inhibit collective bargaining, voters' and women's rights.
Here's something you won't hear anyone in Washington admit: we've only once made a principal payment on our debt in the last forty years. Just once! Today our federal debt clocks in at $17.3 trillion dollars.
If a friend asks for $16,000 so that they can pay off a debt, how do you react? Chances are you think that is a lot of money, and you question how they got into that kind of debt in the first place. Now think about what happens if your state lawmakers ask you for $16,178 to get out of debt.
It is clear the pledge made to Grover Norquist is stronger for some in Congress than the pledge they have made to our troops. It is absolutely reprehensible that the richest country in the world will not keep its promises to its voluntary military.
With national health care costs running close to $3 trillion a year, if U.S. costs could be brought in line with costs in other wealthy countries the potential savings would be on the order of $1.5 trillion a year. Those savings could provide a lot of health care for people in the United States and around the world.
The rap on Chris Christie's aides in Bridgegate is that they crossed the line when they put ordinary citizens at risk for the sake of a petty politica...
Undeserved subsidies for wrongdoing occur because the law that prohibits companies from deducting fines or penalties as a tax write-off does not apply to companies that resolve charges through out of court settlements, unless agencies specifically forbid the write-offs as part of the settlement agreement.
Even before the word sequester came to dominate the budget debate in Washington, there were signs that the military-industrial complex was no longer ten feet tall.
We are small business owners. We complain about uncertainty. We don't like surprises. Well, this year we can stop complaining. Because here are 10 things you can be absolutely certain about in 2014.
The good news is that the House, Senate, and president concur in the bi-partisan budget deal. The bad news is that you won't find a bill for $18,000 in your mailbox. That is bad news because the government needs that much from the average family every year to avoid going broke.
If the public was angry at the government shutdown and the degree of recklessness displayed by the GOP last time around, their reaction is sure to be even more retributive this time. So go ahead, Mr. Ryan, put your hand in the fire again.
Exposing once again Congress's inability to function as one of the three pillars of government, the budget deal struck by Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.) solves no pressing national problems.
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.