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Fiscal Crisis

We Need Truth In Spending

David Schoenbrod | Posted 02.22.2014 | Politics
David Schoenbrod

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.

Movie Review: Fiscal Crisis V

Steven Clifford | Posted 01.23.2014 | Comedy
Steven Clifford

Unlike the earlier Crisis movies with Clinton and Gingrich involved in constant affairs with staff members, Crisis V has no sexual subplots. Apparently the producers realize that none of the stars posses a scintilla of sex appeal.

Obama Has Plans For Key Issue After Budget Is Resolved

Reuters | Posted 01.23.2014 | Politics

WASHINGTON, Oct 15 (Reuters) - President Barack Obama said on Tuesday that stalled immigration reform would be a top priority once the fiscal crisis...

D.C. Starbucks Offers Cash To Furloughed Federal Workers

The Huffington Post | Posted 10.09.2013 | Business

Just a day after Starbucks CEO Howard Shultz called on business leaders to speak out in opposition to the government shutdown that has left about 800,...

Jason Linkins

Ted Cruz vs. The Universe | Jason Linkins | Posted 10.25.2013 | Politics

While most of the week has been spent watching House Republicans decide precisely what to do about defunding Obamacare, and how much energy they'll po...

Jason Linkins

This Day In GOP Infighting | Jason Linkins | Posted 09.12.2013 | Politics

The current state of play over House Speaker John Boehner's (R-Ohio) attempts to get a continuing resolution through the House to avert a government s...

Jason Linkins

House GOP Leaders' Weird Plan To Throw Ted Cruz Under The Bus | Jason Linkins | Posted 09.12.2013 | Politics

House GOP leadership has a message for Senator Ted Cruz (R-Texas): "Hey, if you don't like our plan to defund Obamacare, go ahead and filibuster it. F...

Digging Deeper Into Student Loan Debt

Mike English | Posted 06.09.2013 | College
Mike English

Student loan debt is used to make an investment in human capital. Since this investment may seem intangible to young people, they may start to wonder: is college worth it?

The New Washington Economics

P. Gary Wyckoff | Posted 05.21.2013 | Politics
P. Gary Wyckoff

For every dollar we reduce the deficit this year, we sacrifice about two dollars and twenty cents in GDP. The cuts will also result in the loss of 750,000 jobs. So why are we doing this again?

Jason Linkins

So How's That Grand Bargain Working Out? | Jason Linkins | Posted 03.13.2013 | Politics

Well, another day, another dollar of revenue that's not being exchanged for a dollar of entitlement cuts. As sequestration remains in effect, and peop...

Solve America's Fiscal Problems In One Simple Step

Andrew Reinbach | Posted 05.05.2013 | Politics
Andrew Reinbach

Want to straighten out the nation's finances, eliminate poverty, and end the income tax? Easy. Tax financial trades.

Sequestration Zzzzzzz -- Californians Have Seen This Movie

Joseph A. Palermo | Posted 04.26.2013 | Politics
Joseph A. Palermo

When fiscal crises become the "new normal" the public begins to remember that they elected politicians to do a job. And part of their job description is to take care of the public purse and not to create problems where none exist.

Inequality Is Much Worse Than You Think

Les Leopold | Posted 02.07.2013 | Politics
Les Leopold

As the administration and Congress argue over cuts in social programs, inequality in America grows more extreme each day.

Sabrina Siddiqui

From Fiscal Cliff To Debt Ceiling, Congress Governs From Crisis To Crisis | Sabrina Siddiqui | Posted 01.25.2013 | Politics

WASHINGTON -- Republicans are casting the latest battle over the nation's debt ceiling as a bid to win certainty in America's budget-making. But to De...

Paul Krugman: When Prophecy Fails

The New York Times | Paul Krugman | Posted 12.24.2012 | Business

Back in the 1950s three social psychologists joined a cult that was predicting the imminent end of the world. Their purpose was to observe the cultist...

Fiscal Cliffs in Higher Education

Dr. James J. Kelly | Posted 02.09.2013 | College
Dr. James J. Kelly

Just as colleges and universities try to work through financial aid challenges with families to make a "good fit" all around for students, I hope our government will follow suit. Otherwise, we'll be atop the cliff no more.

Mr. Boehner: Be Not Afraid

Joe Peyronnin | Posted 02.04.2013 | Politics
Joe Peyronnin

The holiday season is already upon us, but Congressional Republicans are not in a holiday mood. Because of their recalcitrance in the ongoing negotiations surrounding the pending fiscal crisis, they are on the verge of becoming the Grinch that stole America's economic recovery.

The Republican "Bubble" Is Yet to Be Popped

Joseph A. Palermo | Posted 02.03.2013 | Politics
Joseph A. Palermo

Before the liberals write the GOP's obituary it would be wise to acknowledge the role other "bubbles" play in inventing new and ingenious ways to get people to vote against their own self-interests. Rather than one all-encompassing "bubble" that hermetically seals the Republicans inside their media universe, there's no shortage of other equally important bubbles that serve corporate power. These bubbles often overlap in influence and personnel and still possess the awe-inspiring ability to persuade public opinion on the problems of greatest magnitude facing the United States today. Although it was amusing on election night to see Karl Rove on Fox News refuse to accept the reality of President Obama's Ohio victory, we shouldn't be too quick to draw totalizing conclusions from the Democratic victories.

Enjoy Fine Dining at Fiscal Cliffs

Erich Origen | Posted 02.02.2013 | Comedy
Erich Origen

At Fiscal Cliffs, the astounding seasonal menu highlights the vast disparity between would-be cuts to spending and enormous troves of lost revenue. Diners can choose from small plates like "Cold Medicare Cuts" and very large plates like "Prime Tax Cuts with local vulture urohydrosis trickle down."

Ian Gray

Alan Simpson, As A Senator, Said Social Security Benefits Should Not Be Cut | Ian Gray | Posted 11.28.2012 | Politics

Former Sen. Alan Simpson (R-Wyo.), an outspoken proponent of cutting Social Security who has referred to it as a "ponzi" scheme, has not always been s...

The Fiscal Cliff and the Trade Deficit

Ian Fletcher | Posted 01.21.2013 | Politics
Ian Fletcher

Right now, a lot of attention is being paid to the federal deficit. But it's high time attention got paid to our other deficit.

The Better Base Case

Edward D. Kleinbard | Posted 11.14.2012 | Politics
Edward D. Kleinbard

By buying down tax rates from the bottom up, the savings are shared equally. Where would the final balance between spending cuts and tax hikes come out, and which spending programs would be curtailed?

From One Fiscal Cliff to the Next

Andy Langenkamp | Posted 01.06.2013 | Politics
Andy Langenkamp

America is engrossed in political spectacle while politicians play fiscal Russian roulette. The battle for the presidency has become tense and the U.S. economy could be about to jump off a fiscal cliff on January 1, 2013. Next year there will most likely be another fiscal cliff.

The New York Times and the Causes of the Income Slump

Jared Bernstein | Posted 10.22.2012 | Business
Jared Bernstein

As much as I like to point out that GW Bush's fiscal policy is a key factor in our past, current, and future budget deficits, the fact is that after-tax median household income has grown considerably faster than pretax over the recent slumpy period.

On 'Mad Men,' Past is Prologue

Dr. Maya Rockeymoore | Posted 10.02.2012 | Entertainment
Dr. Maya Rockeymoore

While the show is set in the 1960s, we could imagine what its storyline would look like if written for today's era.