How Tomorrow Moves| More...
 

Budget Deficit

Economic Recovery? History Says No Way. Not Yet.

Eric Schurenberg | Posted 10.24.2009 | Business

Read More: Jeremy Siegel, U.S Treasury Bonds, Inflation-Protected Bonds, Default, CBS MoneyWatch.Com, Kenneth Rogoff, Tips, Carmen Reinhart, Budget Deficit, Asian Currency Crisis, Business News
Eric Schurenberg

Both the boom and its panicky finale fit neatly into a long, human tradition of greed, self-deception and financial folly. We're human. We can't help it. Sigh.

Read Post

Bernanke: US Should Cut Budget Deficit

AP | JEANNINE AVERSA | Posted 11.02.2009 | Business

Read More: Financial Crisis, Federal Reserve, Ben Bernanke, Budget Deficit, Federal Budget Deficit, Fiscal Policy, Business News

WASHINGTON — Federal Reserve Chairman Ben Bernanke called Monday for the United States to whittle down its record-high budget deficits and for c...

Read Whole Story

Comptroller DiNapoli: New York Running $4.1 Billion Budget Deficit

nytimes.com | DANNY HAKIM | Posted 10.15.2009 | New York

Read More: 4.1 Billion, Thomas DiNapoli, Budget Deficit, New York State Comptroller, David Paterson, New York Budget Crisis, New York Budget Deficit, New York News

Deteriorating economic factors have propelled New York State's projected budget deficit to $4.1 billion, according to the state's comptroller, who war...

Read Whole Story

Will California Become America's First Failed State?

The Observer | Paul Harris | Posted 10.03.2009 | Business

Read More: Outlook, California Bailout, Finances, Governor Arnold Schwarzenegger, State of California, Bailout, Budget, Arnold Schwarzenegger, California, Meg Whitman, Unemployment, Foreclosure Rate, Foreclosure, Jerry Brown, State Workers, Budget Deficit, Poverty, Economy, Business News

California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and...

Read Whole Story

Max Baucus' Plan: What Do We Want? Less Quality! When Do We Want It? Now!

David Dayen | Posted 10.23.2009 | Politics

Read More: Max Baucus, Coverage Subsidies, Insurance Industry, Budget Deficit, Senate Finance Committee, Health Care, Estate Tax, George W. Bush, Politics News
David Dayen

Paying for health care reform is all a matter of priorities -- help millions of uninsured people get the critical care they need, or give Paris Hilton a tax cut.

Read Post

Meltdown 101: A Closer Look At The Huge Budget Deficit Estimates

AP | CHRISTOPHER S. RUGABER | Posted 09.24.2009 | Business

Read More: Budget Deficit, Congressional Budget Office, Federal Deficit, Office of Management and Budget, Business News

WASHINGTON — Get ready to hear a lot of huge numbers Tuesday: The Obama administration is expected to boost its estimate of the federal deficit ...

Read Whole Story

Blue Dogs Should Demand CBO Report of Single Payer Savings

Michele Swenson | Posted 08.28.2009 | Politics

Read More: Corporate Lobbies, Comprehensive Health Care Coverage, Uninsured, Single Payer Cost Savings, Underinsured, Colorado Single Payer, Budget Deficit, Lewin Group Health Care Reform Evaluation, Blue Dog Democrats, Republican Deficit Hawks, Health Care Reform, Transparency, Politics News
Michele Swenson

An honest side-by-side analysis of the costs of all health care reform proposals, including the two single-payer bills, should be reviewed by Congress.

Read Post

Seance on Wall Street

Dean Baker | Posted 08.20.2009 | Business

Read More: Budget Deficit, Stimulus, Medicare, Wall Street, Social Security, U.S. Budget, Budget, Business News
Dean Baker

Those who want fantastic stories about the unknowable would be much better off visiting people who promise to communicate with the dead than listening to the Wall Street spokespeople.

Read Post

Budget Deficit Tops $1 Trillion For First Time

AP | MARTIN CRUTSINGER | Posted 08.13.2009 | Business

Read More: Budget Deficit Record, Treasury, Budget Deficit, Budget, Business News

WASHINGTON _ The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears ...

Read Whole Story

Fiscal Lessons from Moscow?

Eric C. Anderson | Posted 07.12.2009 | Business

Read More: Russia, Budget Deficit, Sovereign Wealth Funds, China, Business News
Eric C. Anderson

You know we have a problem when Moscow begins searching for an alternative to investing in U.S. Treasury notes.

Read Post

Budget Deficit Hits Record At $189.7 Billion

AP | MARTIN CRUTSINGER | Posted 07.11.2009 | Business

Read More: Bear Sterns, Federal Deficit, Federal Budget Deficit, Budget Deficit, Record Deficit, Business News

WASHINGTON — The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of red ink close to $1 trillion with four...

Read Whole Story

Newsom Budget Figures Don't Add Up

Paul Hogarth | Posted 07.03.2009 | Politics

Read More: Budget Deficit, Gavin Newsom, California Budget Crisis, San Francisco, California Governor's Race, Politics News
Paul Hogarth

Gavin Newsom wants to be Governor, but his analysis of the state budget mess is the last thing progressives need right now -- and calls into question whether he's ready for prime time.

Read Post

S&P Misses the Boat: UK and US Need More Stimulus, Not Deficit Reduction

Mark Weisbrot | Posted 06.28.2009 | Politics

Read More: Debt, Economic Stimulus Package, UK Stimulus, Economy, Economic Crisis, Fiscal Stimulus, UK Credit Rating, Budget Deficit, Productivity, Financial Crisis, Politics News
Mark Weisbrot

Taxpayers in both countries have been ripped off and should demand that some of this money be clawed back, the debt in both countries is still manageable.

Read Post

Budget Deficit To Top $1.8 Trillion

AP | ANDREW TAYLOR | Posted 06.11.2009 | Business

Read More: Budget Deficit $1.8 Trillion, Budget Deficit, Federal Budget Deficit, Business News

WASHINGTON — The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past ...

Read Whole Story

Federal budget deficit sets March record $192.3B

AP | MARTIN CRUTSINGER | Posted 05.11.2009 | Business

Read More: Budget Deficit Record, Budget Deficit, Budget Deficit March, Federal Budget Deficit, Budget, Business News

WASHINGTON — The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just half...

Read Whole Story

Taxing THC: Turning Old New York into New New Amsterdam

Warren Holstein | Posted 05.09.2009 | Comedy

Read More: New Orleans, Rockefeller Drug Laws, Marijuana, Drugs, Amsterdam, California, Military Industrial Complex, Glaucoma, Norml, David Paterson, Drug War, Medical Marijuana, Blue Laws Repealed, Decriminalization, Budget Deficit, New York, Tom Ammiano, Politics, Cannabis, Intractable Pain, Federal Budget Deficit, Marijuana Amsterdam, Blue Laws, Neoconservatives, Weed, Legalize Marijuana, Ground Zero, Law Enforcement, Economy, Comedy News
Warren Holstein

Bollocks! How is that California, the crossroads of implants, spray tans and superficiality, has a leg up on the Empire State, on the possible legalization and taxation of Cannabis sativa?

Read Post

Should We Be Grateful to China for Buying U.S. Treasuries?

Scott Lilly | Posted 05.02.2009 | Politics

Read More: Treasury Department, Politics, Budget Deficit, Trade Deficit, Trade, China, Economy, US Treasuries, Politics News
Scott Lilly

Read the entire report at AmericanProgress.org. The current economic relationship between the United States and China is perilous for both countries....

Read Post

"The Jim Crow Laws of the 21st Century": Will New York Change?

Odile Weissenborn | Posted 04.26.2009 | Politics

Read More: Rockefeller Drug Laws, California Prison System, Drug Sentencing, Governor Paterson, Prison System, Economy, Prison Legal News, Drugs, Solomon Moore, War on Drugs, DOJ Prosecutor, Deficit, Death Penalty Information Center, Alternative to Incarceration, Low-Level Drug Offenders, Partnership for Responsible Drug Information, Paul Butler, Taxpayer Money, Bernard Madoff, Budget Deficit, Prison Reform, Prison Population, Drug Treatment, Incarceration, Crime, Budget, Incarceration Rates, Paul Wright, George Washington University Law School, Punishment, Sentencing, Jim Crow, New York Senate, Prison, California Commission on Fair Administration of Justice, Drug Offenders, New York Times, New York Budget, Nelson Rockefeller, Death Penalty, New York State Assembly, Richard Deiter, Madoff Jail, Errol Louis, Alternative Treatment Drug Offenders, Palladia, Politics News
Odile Weissenborn

In New York, the 36-year-old Rockefeller Drug Laws may be massively overhauled.

Read Post

Federal Budget Deficit Reaches $765B In 5 Months

AP | CHRISTOPHER S. RUGABER | Posted 04.11.2009 | Politics

Read More: Budget Deficit, Federal Budget Deficit, Budget, Treasury Department, Politics News

WASHINGTON — Lower tax revenue and massive government spending on the bank bailout pushed the federal deficit to $765 billion in the first five ...

Read Whole Story

Generational Theft?

Alan Fein | Posted 04.10.2009 | Business

Read More: New Orleans, Debt, President Obama, George W. Bush, Halliburton, Democrat, President Eisenhower, Budget Deficit, Republican, Business News
Alan Fein

The capital projects coming out of the stimulus plan and the Obama budgets are designed to create long-term wealth, and assets that will ensure to the benefit of generations to come.

Read Post

Robin Hood 101

Jayne Lyn Stahl | Posted 03.26.2009 | Politics

Read More: Taxes, Governor Schwarzenegger, California Tax Increases, California, Economic Crisis, Gray Davis, Budget Deficit, California Budget Crisis, President Reagan, Ssi, Politics News
Jayne Lyn Stahl

We suggest that California's governor and state legislature bone up on Robin Hood 101, and start taking from the rich and giving to the poor instead of the other way around!

Read Post

Obama Bans Budget Gimmicks, Making Deficit Bigger

New York Times | Posted 03.23.2009 | Politics

Read More: Barack Obama Budget Deficit, George Bush, Obama Budget Priorities, Federal Budget Deficit, Budget, Obama Budget, Budget Deficit, Barack Obama, Federal Budget, Politics News

For his first annual budget next week, President Obama has banned four accounting gimmicks that President George W. Bush used to make deficit projecti...

Read Whole Story

$1 Trillion Federal Deficit? We're On Track To Hit That Record High

AP | CHRISTOPHER S. RUGABER | Posted 01.10.2009 | Business

Read More: Finance, Economy, Record High Deficit, Trillion Dollars, Treasury Department, Budget Deficit, Trillion Budget Deficit, One Trillion, Business News

WASHINGTON — The federal government ran a record budget deficit in November, putting Uncle Sam on track to post an all-time high annual shortfal...

Read Whole Story

Governors Against State Bailouts, for Ideological Purity

Harry Moroz | Posted 01.03.2009 | Politics

Read More: Mark Sanford, Governors, South Carolina, Fiscal Hawks, Rick Perry, Texas, Stimulus, Budget Deficit, Barack Obama, Bailouts, State Bailouts, Politics News
Harry Moroz

While around 40 governors met with Obama in Philadelphia to discuss states' growing budget woes, two governors took to the Wall Street Journal's op-ed page to argue against federal aid to states.

Read Post

Bush Legacy

Loretta Napoleoni | Posted 12.20.2008 | Politics

Read More: Military Expediture, Iraq War, Financial Crisis, Bush Legacy, Budget Deficit, Pentagon Budget, Barack Obama, Afghanistan War, George W. Bush, Politics News
Loretta Napoleoni

The financial debt may be too great to be repaid without a drastic departure from what America has stood for since the dissolution of communism: the centre of the post Cold War empire.

Read Post