Budget Surplus

U.S. Posts Budget Surplus

Reuters | Posted 05.11.2012

By Mark Felsenthal WASHINGTON, May 10 (Reuters) - The United States posted a budget surplus for the first time in 42 m...

Obama Sees First Budget Surplus Of Presidency

AP/The Huffington Post | Posted 05.08.2012

(AP/The Huffington Post) The Obama administration saw its first monthly budget surplus in April, with the federal government recording $58 billion, ac...

Amid Deficit Gloom, Several States Have Money To Spare

AP | By BECKY BOHRER | Posted 01.05.2012

JUNEAU, Alaska -- The budget questions that sent Alaska lawmakers into special session this year had nothing to do with austerity measures or disagree...

Bill Clinton Is Baaaaaaaaack!

Dean Baker | Posted 12.03.2011

Dean Baker

Please, President Clinton, save some trees. Don't give a half-baked lecture on the virtues of deficit reduction. It is not what the country needs.

If Al Gore Had Become President

Brent Budowsky | Posted 11.04.2011

Brent Budowsky

The day will come when we will know for sure what President Gore would do, when President Gore does it.

Paul Krugman: Blame The 'Policy Elite'

New York Times | Paul Krugman | Posted 07.09.2011

The fact is that what we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public dem...

Is the Next Financial Crisis Approaching? The Case of Public Debt

Georges Ugeux | Posted 05.25.2011

Georges Ugeux

China and other foreign countries will not endlessly finance the US budget deficit; China recently sold $34 billion of American treasuries, and now holds less US debt than Japan.

Federal Reserve Chairmen Never Learn: Calculated Risk

calculatedriskblog.com | Calculated Risk | Posted 05.25.2011

In his 2001 testimony, Fed Chairman Alan Greenspan testified before the House Committee on the Budget, and while offering his usual cautions and cavea...

Counting the Cost of Good and Bad Debt

Jim Wallis | Posted 05.25.2011

Jim Wallis

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.