Officials must often make a choice: to remain silent and keep their jobs, or to resign and speak the truth. Faced with this dilemma, on March 12, 2008, David Walker chose to resign.
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The Great Recession may be technically ending, but I recommend that consumers proceed with caution.
Since consumer spending represents about 2/3 of our economic engine, the economy will recover when consumers feel the time is right -- not when someone else tells consumers it will.
If every time we pulled out our wallets, we stopped to think about whether or not we really needed something we might have more money left over for things that are truly valuable.
As Congress prepares to authorize $550 billion in military spending -- more than Bush ever requested -- Rep. Jim McGovern is proposing a bill that requires an exit strategy.
Why Facebook is more important to the environment than solar panels.
The growth of social networks indicates a fundamental shift in patterns of hum...
There has been a war of words written about Washington's recent increase in spending. However, this war hasn't focused on the numbers. Let's take a look at the numbers and see what they tell us.
Do we really want, as a matter of national policy, Americans to spend, to take on more debt?
I've posted this quiz before, but I can't resist putting it up again. This distinction encapsulates one of my very favorite (if not most weighty) pers...
Conservatives are protesting because they are out of power. They aren't protesting spending; if they were, they would have taken to the streets years ago.
Battered by the recession and the deepest and most widespread budget deficits in several decades, a large majority of states are slicing into their so...
The Democratic budget passed late on Thursday night may "tax too much, borrow too much and spend to much" -- in the oft-repeated words of its opponent...
The ballooning amount of debt at all levels, plus the public's determination to honker down and borrow less, is a lingering economic killer.
Who is going to play Mervyn King in America -- who'll play the prudent voice of reason? Not the obstructionist Republicans who long ago got disqualified from reasonableness.
While watching President Obama's press conference Tuesday evening, I was struck by a few things that are often forgotten in the criticism of his proposed budget.
Debate about the House tax bill and about earmarks is a striking reminder to us that governance in this country is at risk of going off track.
WASHINGTON — Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the econ...
Exports were the one solid performer -- until last quarter when they dropped over 20%. Imports dropped as well due to the lack of consumer demand. There is no area of the economy looking good right now.
So there's some pork in the budget, and Republicans want it out, and if some of it comes out then they can claim they made Obama blink, and maybe they'll vote for it? Wow!
The president who so often promises change from the failed economic policies of his predecessor is out-Bushing Bush -- the Obama deficit will eclipse the last five Bush deficits together.
After almost four decades of relative calm and complacency, there are signs that the social mood is beginning to sour.
Dieting is no fun, whether it's for your waistline or your wallet. Now that you've accepted that all-purpose truth, get over your fear and loathing and find $100 you don't need to spend each week.
WASHINGTON — The Democratic-controlled House pushed through a $410 billion measure Wednesday that boosted domestic programs, bristled with earma...
A colleague and I took to the streets of New York City and asked folks to help us explain some of the worthwhile public spending programs in the stimulus package.
Aside from the obvious health benefits, lead removal from homes would accomplish the what the stimulus seeks -- creating jobs and reversing the economic impacts for low-income families.
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