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Why Bush Tax Cuts, Entitlement Spending Matter

The New York Times | SIMON JOHNSON and JAMES KWAK | Posted 05.25.2011 | Business

...The national debt is being used as a hammer to beat down any proposed government spending, no matter what its merits. If we continue to spend, the ...

The F Word: What Are Teachers Worth?

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

That's the question, as the Senate puts off a vote on $10 billion for state and local governments to prevent teacher layoffs. Senate leadership wanted the bill to be deficit neutral.

Obama On GOP Deficit Talk: 'I'm Going To Call Them On Their Bluff'

AP | Posted 05.25.2011 | Politics

WASHINGTON — President Barack Obama has a warning for Republicans who denounce the federal deficit but reject proposals to cut it. Obama tells ...

The F Word: Lost Billions in Iraq

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Congress agreed to pump an extra $33 billion into Afghanistan this week, even as a new report revealed that almost nine billion earmarked for the nation's other occupation -- Iraq -- went missing.

Republicans Abandon Tough Talk On Deficits With First Spending Bill

AP | ANDREW TAYLOR | Posted 05.25.2011 | Politics

WASHINGTON — House Republicans who have spent months demanding spending cuts blanched Wednesday at their first opportunity to actually make them...

You Make the Call: Who Is Correct In the Democratic Civil War Over Taxes and Spending?

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Which side of the Democratic civil war over taxes and spending represents a fact-based argument for economic prosperity, and which side represents fact-free theorizing? I'd say the evidence is pretty clear.

Financial Foreplay: Are You Doing It?

Manisha Thakor | Posted 05.25.2011 | Business
Manisha Thakor

Time and again money is cited as one of the top causes for fights in relationships and divorce. One way to prevent wallet wars is to engage in financ...

10 States With The Most "Pain" Per Person | Aaron CroweJul 14th 2010 at 3:00PM | Posted 05.25.2011 | Business

It's funny how government budget cuts trickle down to everyday people. I live in California, which ranks second on U.S. News & World Report's "pain in...

Ryan Grim

GOP Teams With McCaskill To Freeze Spending | Ryan Grim | Posted 05.25.2011 | Politics

Senate Minority Leader Mitch McConnell (R-Ky.) told reporters Tuesday that "a hundred percent of the Republicans on the Appropriations Committee" woul...

Wait, Who Said We Want Less Government Protecting And Empowering Us?

Dave Johnson | Posted 05.25.2011 | Politics
Dave Johnson

Conservatives cut taxes on the rich, and then spend the next 30 years saying, "OK, now you have to do your part and cut the things government does for the people."

How Democrats Should Respond to Jon Kyl

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

If you want to be serious about being fiscally responsible then you can't have some sort of double standard where you hold the line on new spending but ignore the fact that tax cuts add to the deficit.

Will Farm Subsidies Be the Tea Partiers' Achilles' Heel?

Donald Carr | Posted 05.25.2011 | Politics
Donald Carr

It's odd that Tea Party candidates have had so little to say about one area of wasteful spending that all limited government advocates should be able to agree on -- the USDA's farm subsidy programs.

Was the Stimulus (A Lot) Bigger Than We Thought?

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

Cuts to spending at the state level are worrisome because they lead to fewer services, fewer jobs, and poorer education, all of which depress the economy. What we should be asking is: what kind of federal spending offsets such economy-depressing cuts?

Invest Our Way Out

Dr. Philip Neches | Posted 05.25.2011 | Business
Dr. Philip Neches

The only way we can get out of Great Depression III is to invest: specifically, to invest where the new growth will come.

Congress Demands Pentagon Cut Waste

AP | JIM ABRAMS | Posted 05.25.2011 | Politics

WASHINGTON — The House went after Pentagon waste Wednesday, saying improvements in how the Defense Department buys equipment and services can sa...

Obama Administration Explores New 'Fast Strike' Missiles

New York Times | Posted 05.25.2011 | Politics

WASHINGTON -- In coming years, President Obama will decide whether to deploy a new class of weapons capable of reaching any corner of the earth from t...

Time to Get Real About Our State's Budget

Rep. Jack Franks | Posted 05.25.2011 | Chicago
Rep. Jack Franks

Those who see an income tax increase as the only solution do not understand the problem. With one out of eight Illinoisans out of work, a tax increase would only serve to lead us further down the wrong path.

Obama: VAT May Be A Revenue Option, Spending Cuts First

AP | By CHARLES BABINGTON | Posted 05.25.2011 | Business

WASHINGTON (AP)-- President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openn...

RNC, DNC Monthly Reports Detail Lavish Spending

Washington Post | R. Jeffrey Smith | Posted 05.25.2011 | Politics

Both the national Democratic and Republican party committees spend about two-thirds of the money they take in on the care and comfort of committee sta...

DynCorp Audit Finds Poor Controls On Millions Of Dollars In Afghan Police Program

The Huffington Post Investigative Fund | Christine Spolar | Posted 05.25.2011 | Politics

The private contractor that trains the Afghan police force, a U.S. military program long criticized for wasting money, has failed to document millions...

Debt -- What Is it Good For? Absolutely Some Things

Robert S. McElvaine | Posted 05.25.2011 | Business
Robert S. McElvaine

Depending on the circumstances and reasons for incurring debt, it can be either wise or foolish. We need to distinguish good debt from bad debt.

Americans are Spending Less: U.S. Economic Recovery Is Expected to Slow Down

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Americans are pulling back on their spending, a trend that could slow the economic recovery if it continues. A sharp drop in retai...

Florida GOP Staffer, Melanie Phister, Had $1.3 Million In Credit Card Charges

St. Petersburg Times | Adam C. Smith | Posted 05.25.2011 | Politics


Michael Steele On 'Good Morning America' Defends RNC Chairmanship

AP/Huffington Post | Posted 05.25.2011 | Politics

WASHINGTON -- Republican Party chairman Michael Steele defended his stewardship of party affairs Monday and dismissed criticism as the talk of GOP fig...

Neil Alpert, Michael Steele RNC Aide, Misused $70,000 Of Baseball Groups'

Politics Daily | Annie Groer | Posted 05.25.2011 | Politics

Republican National Committee chairman Michael Steele -- who really can't afford another 'holy ----" story after a GOP staffer dropped $1,900 at a les...