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National Debt

GOP Senator Slams House For Letting America 'Become Europe'

The Huffington Post | Gabrielle A. Dunkley | Posted 01.24.2013 | Politics

Sen. Marco Rubio (R-Fla.) criticized the recent vote to temporarily suspend the debt ceiling on Wednesday, claiming that the House of Representatives ...

Magic Money

Jerry Jasinowski | Posted 03.23.2013 | Business
Jerry Jasinowski

When it comes to conjuring up magic money out of nowhere, I believe we are setting ourselves up for big trouble down the road, and it matters little whether we do it with quantitative easing or platinum coins.

The Debt Ceiling Is Not The Way To Control The National Debt

Tara Sinclair | Posted 03.22.2013 | Politics
Tara Sinclair

The U.S. government has never defaulted on its legal obligations. We should make sure that this never happens. That means being careful about the national debt, but it also means not being stupid about a debt ceiling that can simply be raised or removed in order to avoid certain default.

Zach Carter

Obama Can Face Down His Deficit Demons In 2nd Term | Zach Carter | Posted 01.20.2013 | Politics

WASHINGTON -- It may come as a surprise to President Barack Obama's critics, but the one domestic issue that defined his first term in office was redu...

Zach Carter

Top Progressive Economist Defends Jack Lew As Treasury Pick | Zach Carter | Posted 01.16.2013 | Politics

WASHINGTON -- Only a few senators have publicly announced opposition to Jack Lew's nomination for Treasury secretary, and the staunchest resistance ha...

LOOK: 6 Things The GOP Don't Want You To Know About The Debt Ceiling

The Huffington Post | Alexis Kleinman | Posted 01.16.2013 | Business

If you only listened to the noise in Washington, you'd think it really difficult to raise the country's debt ceiling. Truth is, it's not really so tou...

My Dream Intro to the Inaugural Speech

Frank A. Weil | Posted 01.11.2013 | Politics
Frank A. Weil

It is time to at least talk about some systemic changes to address the systemic and counterproductive political gridlock we are stuck with today.

"Third Way's" "Fresh Thinking": The EU Is Our Model for Austerity

William K. Black | Posted 03.12.2013 | Business
William K. Black

Third Way's rationale for austerity is a marvel of duplicity or ineptitude so great that duplicity would do less damage to their reputation.

Fiscal Cliff 2: It Only Gets Worse

Ben Ritz | Posted 03.05.2013 | College
Ben Ritz

Not only is this new cliff more dangerous, but we're also more likely to go over it.  A deal would have been much more feasible for Fiscal Cliff 1 than Fiscal Cliff 2.

CEO On Fiscal Cliff Deal: 'Our Country Is Going To Hell'

Reuters | Posted 03.05.2013 | Business

* CEOs complain that deal does not solve debt problem * Call deal a "disaster", a "joke" * Some in business community ca...

A Melodrama of Our Own Making

Sean Carman | Posted 02.26.2013 | Politics
Sean Carman

OK, I'll grant that the steering and brakes have stopped working in Congress, but in no other sense are we approaching any kind of cliff, fiscal or otherwise. The fiscal crisis we are barreling toward is entirely of our own making.

Dysfunctional D.C. Leans on Fed's Printing Press

Michael Pento | Posted 02.26.2013 | Business
Michael Pento

It should now be clear to all Americans that our government is completely incapable of voluntarily reducing our fundamental problem of excess debt.

The Case for a Tax Hike on 100 Percent of Americans

Dinkar Jain | Posted 02.25.2013 | Politics
Dinkar Jain

Since there is no agreement on entitlement cuts, let the fiscal cliff kick in. Let taxes rise on 100 percent of Americans and 100 percent of small businesses. Let us get a little closer to balancing the budget. Let us share the burden of our votes -- if we voted for bigger government, let us all pay for it too.

What Worries Businesses Most About the "Fiscal Cliff"

Mary Ellen Biery | Posted 02.20.2013 | Small Business
Mary Ellen Biery

Accounting and business advisory professionals say continued uncertainty is their clients' biggest concern when it comes to the so-called fiscal cliff, according to a recent survey by Sageworks Inc., a financial information company.

Armageddon? Don't Bank On It

Neale Godfrey | Posted 02.20.2013 | Business
Neale Godfrey

This has been a lot of discussion of doom and gloom, but the lesson is that while some disasters cannot be avoided we can give our kids the proper tools so that they can have a strong financial future.

The Great National Debt Freakout (Explained in Five Minutes)

Josh Kalven | Posted 12.11.2012 | Politics
Josh Kalven

In the next 25 years, the national debt is on an "explosive path," assuming we keep 2012 policies in place. Why did this happen? How worried should we be?

The Real Costs of Obama Tax Hikes

Michael Farr | Posted 12.10.2012 | Money
Michael Farr

While the semantics of the debate seem purely political, I wondered about the actual implications of an increase in tax rates.

Christina Wilkie

Debt Lobbying Group Has Major Conflicts of Interest | Christina Wilkie | Posted 12.07.2012 | Politics

WASHINGTON -- The multi-million dollar lobbying campaign to fix the national debt opened a new front this week, when a group of retired foreign policy...

A Record of 0-58: We Can Do Better

Brian Hamilton | Posted 02.05.2013 | Business
Brian Hamilton

People talk about government spending as a percentage of GDP or use spurious metrics that confuse the main theme of the data. Look at it as a businessperson would: If a company is taking in $100 and spending $150, it doesn't matter what expenses are relative to anything else.

Antonio Villaraigosa Defends 'Fix The Debt' Association

The Huffington Post | Arthur Delaney | Posted 12.06.2012 | Los Angeles

WASHINGTON -- Los Angeles Mayor Antonio Villaraigosa defended his association Wednesday with Campaign to Fix the Debt, an ostensibly bipartisan group ...

The Archeology of Decline

Steve Fraser | Posted 02.02.2013 | Politics
Steve Fraser

"Debtpocalypse" didn't just appear in time for the last election season or the lame-duck session of Congress to follow. It is merely the latest installment in a tragic, 40-year-old story of the dispossession of American working people.

Zach Carter

Fiscal Cliff Primer: Should Obama Take Advice From Regulator Who Missed Bear Stearns And Madoff? | Zach Carter | Posted 11.29.2012 | Politics

No. Former SEC Chairman Chris Cox and former Rep. Bill Archer (R-Texas) penned a recent Wall Street Journal op-ed claiming that the total U.S. deb...

Facing the Fiscal Cliff

Rishi Simha | Posted 01.26.2013 | College
Rishi Simha

This issue isn't limited to red America or to blue America; it impacts the future of the entire United States of America.

Rob Portman Says Democrat Position On Tax Rates Based On 'Dogma'

The Huffington Post | Jon Ward | Posted 11.21.2012 | Politics

WASHINGTON -- A senior Republican senator on Tuesday accused House Minority Leader Nancy Pelosi -- and President Obama by extension -- of basing their...

Why Governments Always Punt on Austerity

Michael Pento | Posted 01.19.2013 | Politics
Michael Pento

If Washington doesn't agree to raise the debt limit there will be fiscal austerity amounting to nearly $1 trillion next year! Not to worry though, the U.S. has raised the debt limit 74 times in less than 50 years.