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Grand Bargain

Monetary Reform Could Expand the 'Fiscal Cliff' Debate

Mike Sandler | Posted 01.09.2013 | Business
Mike Sandler

Two aspects of the current system of money creation cause unnecessary difficulties for the federal government's budget.

Why John Boehner May Have More Leverage Over the Tea Partiers in Congress

Robert Reich | Posted 01.08.2013 | Politics
Robert Reich

The election may have been enough of a slap in the face to cause Tea Partiers to rethink their overall strategy of intransigence. And to give Boehner and whatever moderate voices are left in the GOP some leverage over the crazies in their midst.

AARP Warns Lawmakers About Potential Fiscal Cliff Deal

The Huffington Post | Arthur Delaney | Posted 11.08.2012 | Politics

With hints that party leaders may soon seek a deal on taxes and spending, AARP is warning lawmakers to stay away from a Social Security cut that has b...

Michael McAuliff

Boehner Wants His Grand Bargain Back | Michael McAuliff | Posted 11.07.2012 | Politics

WASHINGTON -- House Speaker John Boehner wants his "grand bargain" back. Moving quickly to put a disappointing election behind him, the Ohio Republ...

Why Obama Will Disappoint Progressives and I Voted for Him Anyway

Cenk Uygur | Posted 01.06.2013 | Politics
Cenk Uygur

Do what you must in this election, but don't get blinded by the lights. This is not the most important fight in the country. Getting money out of politics is far, far more important, so that next time we can actually have a decent choice when election time comes around.

Enacting a 'Grand Bargain' Doesn't Equate to Navigating the Fiscal Obstacle Course

Andrew Fieldhouse | Posted 01.23.2014 | Politics
Andrew Fieldhouse

A grand bargain could successfully navigate the fiscal obstacle course only if it injects hundreds of billions of dollars of stimulative spending into the economy for years to come and delays government spending cuts until the economy emerges from depression.

A Grand Throwdown?

Jim Kessler | Posted 01.23.2014 | Politics
Jim Kessler

Do we do it under a president who cares deeply about the safety net, or kick the can to some future president who may be less committed to the elderly and vulnerable? The fiscal cliff threatens the recovery, but it also presents Democrats an opportunity.

The Great Betrayal -- and the Cynicism of Calling It a Grand Bargain

William K. Black | Posted 12.30.2012 | Politics
William K. Black

There are credible warnings that Obama intends to seek a "grand bargain" causing the U.S. to adopt the type of austerity program that threw the Eurozone back into a gratuitous recession. Worse, Obama intends to begin to unravel the safety net (Social Security, Medicare, and Medicaid) to convince the Republicans to enter into this Faustian bargain. Just as only a conservative Republican could visit "Red" China, only a Democrat can begin the destruction of the safety net. The difference, of course, is that normalizing relations with China was a good thing while unraveling the safety net is a terrible thing. The Republican Party's approach to convincing Obama to commit this Great Betrayal cleverly exploits three human weaknesses. First, Obama wants to be considered a "centrist." Second, Obama yearns to be considered "bipartisan." These first two weaknesses are forms of vanity.

Bernie Sanders Warns President Against Cuts To Entitlements

The Huffington Post | Ian Gray and Ryan Grim | Posted 10.26.2012 | Politics

Senator Bernie Sanders (I-Vt.) called out President Barack Obama for softening the commitment he made during the 2008 campaign to protect Social Secur...

Arthur Delaney

Small Social Security Cost Of Living Adjustments Could Get Smaller | Arthur Delaney | Posted 10.16.2012 | Politics

WASHINGTON -- A coalition of 96 organizations representing veterans, the elderly, minorities and labor unions on Tuesday used the occasion of the annu...

The National Debt and Our Children: How Dumb Does Washington Think We Are?

Dean Baker | Posted 12.15.2012 | Business
Dean Baker

Reporters covering this election deserve nothing but contempt from the public. It is their job to highlight the issues that will matter to people's lives, not to help push the agenda of corporate America.

Ryan Grim

Austerity War Revs Up: Private Equity Baron Drops Millions On New Campaign | Ryan Grim | Posted 04.24.2013 | Politics

WASHINGTON -- Billionaire private equity mogul Peter Peterson is investing millions of dollars in a new Washington-based campaign for austerity, plann...

Obama: Election Year Politics Stalling Compromise

Posted 09.11.2012 | Politics

President Obama spoke to CBS News about the possibility of reaching compromise with congressional Republicans on the national debt, stating that he be...

Obama Called Steaming Mad Over Failure

AP | Posted 11.10.2012 | Politics

WASHINGTON — President Barack Obama is acknowledging he was angry with House Republicans last year when a supposed "grand bargain" budget agreem...

Ryan Grim

'Off With Their Heads': U.S. Politicians Eye Europe Warily | Ryan Grim | Posted 05.16.2012 | Politics

Ned Simons reported from London, Alexandre Phalippou from Paris, and Ryan Grim from Washington. When Federal Reserve Chairman Ben Bernanke ventured...

The Politics of a Grand Bargain in 2012

Frank A. Weil | Posted 07.07.2012 | Politics
Frank A. Weil

It is gradually dawning on many Americans that an extraordinary collection of economic and fiscal events will converge at the beginning of next year, the collective impact of which will/would be greater than any other single such moment in our history.


Richard (RJ) Eskow | Posted 06.02.2012 | Politics
Richard (RJ) Eskow

Europe's in crisis. Unemployment is at a fifteen-year high, thanks to the austerity measures imposed on it by conservative leaders. But if you think things are bad over there, imagine what they'll be like if Republican budget measures are imposed here.

War Without End: Hoyer Won't Stop Fighting Against Seniors, His Party ... and the American People

Richard (RJ) Eskow | Posted 05.07.2012 | Politics
Richard (RJ) Eskow

House Minority Whip Steny Hoyer is determined to advance his own career at the expense of middle-class Americans -- so much so that he's ignoring political common sense and the desires of most Americans, including most Republicans.

Liberal Group Blasts Hoyer Stance

The Huffington Post | Max J. Rosenthal | Posted 03.01.2012 | Politics

Liberal grassroots group CREDO Action slammed House Minority Whip Steny Hoyer (D-Md.) on Thursday for his calls to limit spending on Medicare, Medicai...

Christie's Absurd Claims

Paul Abrams | Posted 11.28.2011 | Politics
Paul Abrams

Governor Chris Christie claimed President Obama came into office in a crisis, and did not lead. Moreover, he suggested the president did not recognize problems and push to solve them. He must not understand the meanings of two words: "filibuster" and "abuse."

Jason Linkins

How 'Tin Cup' Can Save America, Apparently | Jason Linkins | Posted 10.25.2011 | Media

At a time when millions of Americans lack employment and the economy appears to be heading back into a period of prolonged dry-heaving, one of Thomas Friedman's prescriptives for America is for President Barack Obama to watch a 1996 Kevin Costner movie.

Arthur Delaney

Key Group Left Out The Debt Ceiling Deal | Arthur Delaney | Posted 10.01.2011 | Politics

WASHINGTON -- The long-term unemployed have been left out of a deal between congressional negotiators and the White House to enact massive spending cu...

Obama Asks Us to Raise the Roof -- And My Debate With David Frum

Ari Melber | Posted 09.24.2011 | Politics
Ari Melber

The most significant moment in Obama's unprecedented deficit address came not in an original announcement or last-minute proposal, but in the president's request that Americans actually get up, get involved, and ask Congress to lay off the insanity.

William Alden

U.S. Credit Downgrade Could Spark 'Turmoil' | William Alden | Posted 09.13.2011 | Business

Major credit rating agencies have called the reliability of American government debt into question, warning that they could issue a punishing series o...

Arthur Delaney

Harry Reid: Extended Unemployment On The Table As Part Of 'Grand Bargain' On Debt Ceiling | Arthur Delaney | Posted 09.11.2011 | Politics

WASHINGTON -- A deal to raise the statutory U.S. borrowing limit and cut the federal budget may preserve federal unemployment benefits set to expire a...