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Federal Deficits

Mark Gongloff

Austerity Alive And Well: U.S. Government To Pay Down Debt For First Time In 6 Years

HuffingtonPost.com | Mark Gongloff | Posted 04.29.2013 | Business

Though you may have heard otherwise, austerity is in full force in the U.S., helping the government pay down debt for the first time in six years. ...

Modern Monetary Theory: The Last Progressive Left Standing

Warren Mosler | Posted 08.13.2011 | Business
Warren Mosler

The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings -- 'yes, the financial markets might destroy us, but how can we cut this or that worthy cause' -- don't cut it.

Rebounding Stock Market Keeps Public Pensions Afloat

Wall Street Journal | Jeanette Neumann | Posted 05.25.2011 | Business

A rebounding stock market helped buoy state pension plans' assets in 2010. But the plans still have a long way to go to bridge a funding gap caused in...

Dear Congress: While You're At It...

Rick Horowitz | Posted 05.25.2011 | Comedy
Rick Horowitz

Welcome back to Washington! For dozens of you, these next few weeks will be your final moments on the congressional stage; you'll soon be moving back to your home states, or at least to K Street.

Krugman: Deficit Hysteria Resembles Iraq War Scare Tactics

New York Times | PAUL KRUGMAN | Posted 05.25.2011 | Politics

These days it's hard to pick up a newspaper or turn on a news program without encountering stern warnings about the federal budget deficit. The defici...