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Obama Deficit Reduction

Conservative Scholar: No More Austerity

The Huffington Post | Luke Johnson | Posted 04.25.2013 | Politics

John Makin, a conservative scholar at the American Enterprise Institute, wrote in a paper released Wednesday that Congress has enacted enough deficit ...

'Undead' Plan Seduces Beltway Elites

Salon | Posted 03.11.2013 | Politics

Washington has Grand Bargain fever, again....

The Last Liberal Branch of Government

Robert Kuttner | Posted 04.19.2013 | Politics
Robert Kuttner

A speech delivered by Janet Yellen, vice chairman of the Federal Reserve, began by reminding the audience that the Fed's mandate is a society of high employment, not just low inflation, and she made several important points that seem to have eluded President Obama -- all of which are implicit rebukes to the Administration's fiscally deflationary approach to the recovery. What sort of a topsy-turvy world is it when we have to look to the Federal Reserve, normally the home of inflation hawks and shills for commercial bankers, for ordinary common sense on the economic recovery? It's not that the Reserve has become dangerously left wing. It's that the rest of Washington has been captured by the deflation delusion.

Obama: Bipartisan Panel Went Further 'Than I Felt Comfortable With'

Reuters | Posted 12.27.2012 | Politics

WASHINGTON, Oct 26 (Reuters) - President Barack Obama said on Friday a bipartisan panel's deficit reduction recommendation went too far on spending ...

How Much Would the Obama Budget Reduce the Deficit? Part 2 (Updated)

Paul N. Van de Water | Posted 12.05.2012 | Politics
Paul N. Van de Water

Washington Post fact-checker Glenn Kessler asserts that "no serious budget analyst" agrees that the Obama budget would reduce deficits by $4 trillion over ten years. However, the $4-trillion figure is a sound one.

White House To Detail Backup Plan For Congressional Failure

Reuters | Posted 11.07.2012 | Politics

ABOARD AIR FORCE ONE, Sept 7 (Reuters) - The Obama administration plans to deliver a report to Congress late next week that details spending cuts th...

How Obama Survived A Brush With Political Disaster

The New Republic | Noam Scheiber | Posted 02.13.2012 | Politics

Shortly after four o'clock on the afternoon of Wednesday, April 13, 2011, U.S. Treasury Secretary Tim Geithner walked down the hallway near his office...

'What The Hell Are We Paying You For?'

The Huffington Post | Luke Johnson | Posted 11.29.2011 | Politics

New Jersey Gov. Chris Christie (R) slammed President Barack Obama at a press conference in Camden, N.J. Monday for the super committee's failure. "...

A Fateful Weekend for U.S. Fiscal Stability

Bill George | Posted 01.22.2012 | Politics
Bill George

The fate of the fiscal stability of the United States was sealed on the weekend of December 4-5, 2010.

Sam Stein

Obama Warns Super Committee Co-Chairs Not To Change Triggers In Deal | Sam Stein | Posted 01.11.2012 | Politics

WASHINGTON -- With the deadline fast approaching for the congressional super committee to make its deficit reduction recommendations, President Barack...

Dave Jamieson

Postal Workers, Allies Decry 'Manufactured' Crisis At Agency | Dave Jamieson | Posted 11.27.2011 | Politics

WASHINGTON -- Postal workers and their supporters plan to rally in congressional districts across the country Tuesday afternoon, hoping to convince th...

Has the President Turned the Corner?

Peter Smirniotopoulos | Posted 11.26.2011 | Politics
Peter Smirniotopoulos

When the Wednesday morning of Nov. 7, 2012 begins, we may look back on the week of Sept. 19, 2011 as a turning point in the presidency of Barack Obama and his candidacy for re-election.

Grim Realities in the Obama Budget Plan

Jeffrey Sachs | Posted 11.21.2011 | Politics
Jeffrey Sachs

Obama may be leaning against the right-wing juggernaut, but he is not changing its direction, only slightly blunting its force. He has already given in where it counts by agreeing with the Republicans in August to slash the core of the discretionary civilian budget.

Michael McAuliff

Obama's Deficit Plan 'Worse Than Nothing' Says Former U.S. Comptroller | Michael McAuliff | Posted 11.20.2011 | Politics

WASHINGTON -- One of the experts who attended President Obama’s Rose Garden deficit speech is hammering the White House Tuesday, saying the presiden...

Jennifer Bendery

Obama Caters To Base By Taxing The Wealthy, But Entitlement Cuts Loom | Jennifer Bendery | Posted 11.19.2011 | Politics

WASHINGTON -- President Barack Obama is back in the good graces of progressives. For now. Hours after Obama delivered a fiery speech demanding that...

Amanda Terkel

Late Paying Your Taxes? Expect A Call On Your Cellphone | Amanda Terkel | Posted 11.19.2011 | Politics

WASHINGTON -- President Obama isn't leaving a single couch cushion unturned in his effort to lower the deficit. A new proposal by the White House woul...

Sam Stein

Obama Debt Reduction Plan Calms Democrats' Concerns On And Off Hill | Sam Stein | Posted 11.19.2011 | Politics

WASHINGTON -- President Barack Obama's broad new debt reduction proposal has, at least momentarily, managed to placate a community of progressive acti...

Mark Cuban: The 'Most Patriotic Thing' The Rich Can Do Is Pay 'Lots Of Taxes'

The Huffington Post | Posted 11.19.2011 | Politics

Mark Cuban, owner of the Dallas Mavericks, said wealthy Americans should pay "lots of taxes" in a post on his blog on Monday. Titled "The Most Patr...

Michael McAuliff

President Obama Targets Providers, Then Beneficiaries For Medicare Savings | Michael McAuliff | Posted 11.19.2011 | Politics

WASHINGTON -- President Obama wants to extract $320 billion in savings from the health care system in his push to trim the deficit, starting with cutt...

Sam Stein

Obama Will Veto 'Super Congress' Plan That Cuts Medicare Without Raising Taxes | Sam Stein | Posted 11.18.2011 | Politics

WASHINGTON -- President Barack Obama will veto a comprehensive deficit reduction package if it includes cuts to entitlement program benefits but no ta...

Sam Stein

Obama Won't Include Social Security Reform In Recommendations To Super Committee | Sam Stein | Posted 11.15.2011 | Politics

WASHINGTON -- Jilted by Republican leadership during the deficit-reduction talks that accompanied the debt ceiling debate, the Obama administration is...

Sam Stein

White House Report: Unemployment Rate Above 6 Percent Until 2016 | Sam Stein | Posted 11.01.2011 | Politics

WASHINGTON -- A series of sharp spending battles and a wave of new tax receipts have improved the nation's long-term fiscal outlook, a new report by t...

Obama First To Put Tax Increases On Budget Table

AP/The Huffington Post | TOM RAUM | Posted 06.12.2011 | Politics

WASHINGTON — Higher taxes have been missing from the fierce budget battle that nearly shut down the federal government. But President Barack Obama i...

Sam Stein

Pollster Reveal: Few Candidates Saw Deficit Reduction As A Major Issue | Sam Stein | Posted 05.25.2011 | Politics

NEW HAVEN -- It is expected as a fait accompli that President Obama, both in his upcoming State of the Union address and during his next year or two i...