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Trillion Dollar Deficit

Dean Baker On Obama's Debate Performance: Obama Is 'Paying The Price' For Earlier Mistakes

The Huffington Post | Saki Knafo | Posted 10.04.2012 | Politics

To no one's surprise, much of Wednesday night's debate focused on the country's trillion dollar deficit. The Republicans and some Democrats have h...

Saki Knafo

Eight Reasons Why We Shouldn't Worry About The Deficit | Saki Knafo | Posted 10.03.2012 | Politics

As the fiscal year comes to a close, President Barack Obama is facing another trillion dollar deficit, and he likely will be called upon to address th...

Ryan Grim

Conservatives Reluctantly Back Obama's Spending Plan | Ryan Grim | Posted 05.25.2011 | Politics

Two top conservative Republicans ventured into enemy territory today -- the Senate press gallery -- armed with a blow-up graphic showing the budgetary...

Obama: Trillion-Dollar Deficits May Last Years

AP | CHARLES BABINGTON | Posted 05.25.2011 | Politics

WASHINGTON — President-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy spending is needed now to sp...

Is the U.S a Banana Republic?

Michael Pento | Posted 05.25.2011 | Politics
Michael Pento

The two hallmarks of a banana republic are very high rates of inflation coupled with substantial government controls over the economy, which lead to high rates of unemployment and poverty.

Spending Surge On Financial System Pushing Deficit Towards $1 Trillion

Washington Post | Lori Montgomery and Dan Eggen | Posted 05.25.2011 | Business

Congressional leaders and both presidential candidates are proposing billions of dollars in tax breaks and other measures to stoke economic growth, a ...