President Obama probably thought he could count on the support of those who had supported PAYGO in the past. He was mistaken. The best reason for opposing the rule was articulated by Eric Cantor.
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Progressives understand that growing debt and interest payments, unless curtailed now, will eat up money that should go to the long-term investments that matter most, like clean energy, education and health care.
In the new economy emerging out of the calamity, we need progressive tax reform and increased public investment. This week, progressive legislators will try to figure out where they stand on this.
WASHINGTON — President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the...
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