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Spending Cuts

A Short and Clear Guide to What a Midterm Vote Really Means

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

When you pull a lever on Tuesday, you may think you are voting for one candidate or another, but, in the big picture, the vote won't be for a person. Instead, you will be voting based on these opposing principles.

Cold, Cold GOP Hearts

Sally Kohn | Posted 05.25.2011 | Politics
Sally Kohn

Today's GOP boasts of its plans to slash government spending and bleed social programs to their core. Can decent Americans of any political stripe really stomach the harsh reality if that rhetoric is put into practice?

One Way Out

Gary Hart | Posted 05.25.2011 | Politics
Gary Hart

Most economists and policy experts agree that very large federal deficits are not sustainable, though neither political party will offer a list of spending cuts. There is a solution to this problem, however.

Amanda Terkel

WATCH: Kentucky Senate Hopefuls Face Off In Debate | Amanda Terkel | Posted 05.25.2011 | Politics

Kentucky Senate hopefuls Jack Conway and Rand Paul faced off in their second debate Monday night, sparring on spending cuts, education, tax cuts and t...

California's Newly "Balanced" Budget Is a Farce

Jessica Levinson | Posted 05.25.2011 | Politics
Jessica Levinson

California just "closed its budget gap" by employing rosy predictions and accounting gimmicks which actually demonstrate that the state is in the red to the tune of $10 billion.

GOP 'Pledge' Is Simply a Way of Shutting Down a Large Part of Government

Gary D. Bass, Ph.D. | Posted 05.25.2011 | Politics
Gary D. Bass, Ph.D.

The GOP Pledge is not simply an unfortunate return to the bad old days of government on behalf of special interests rather than the public interest; it is a reckless step toward undermining the very foundation of our government.

Standard and Poor's: The Voice of Sanity on the Deficit

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

It might seem extraordinary, but in the midst of deficit-cutting mania it is a rating agency, Standard and Poor's, that is talking common sense about government debt.

The Cost of Cuts

John Petro | Posted 05.25.2011 | New York
John Petro

Mayor Bloomberg insists that raising taxes on the city's wealthiest citizens will induce them to leave the city altogether, leaving the city even worse off. This flies in the face of the evidence.

Governments Budgets CUT As Stimulus Runs Out

BusinessWeek | Rich Miller and Anthony Feld | Posted 05.25.2011 | Business

Spending cuts by state and local governments from New York to California may act as a drag on the economy into 2011, only the second time in more than...

Poll: Americans Want To Balance The Budget By Cutting Foreign Aid

The Economist | Posted 05.25.2011 | Business

How do Americans want to tackle the deficit? By cutting spending, not by raising taxes, that much is clear. And while Americans are divided over which...

2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011 | Business
Don McNay

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

White House Looking To Cut Deficit With Extra TARP Cash | By DEBORAH SOLOMON and JONATHAN WEISMAN | Posted 05.25.2011 | Politics

The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal r...

Obama Goes A-Courtin'

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

"Hang on a minute, guys -- 'When the economy's bad, you need tax cuts.' Aren't you the same folks who used to say 'When the economy's good, you need tax cuts'?"

Are Voters Cynical on Taxes, or More Grown Up Than Our Leaders?

Scott Bittle and Jean Johnson | Posted 05.25.2011 | Politics
Scott Bittle and Jean Johnson

Many American have no idea how long the country has been running deficits and they may not have all the numbers at their fingertips, but the general drift has not escaped them.