iOS app Android app


CBO: U.S. Is 'Facing Profound Challenges'

AP | STEPHEN OHLEMACHER | Posted 10.24.2011 | Politics

WASHINGTON — After months of unrelieved gloom and discord, Congress and President Barack Obama are starting to make a dent in the federal budget...

Marcus Welby, M.D. Had it Right: House Calls Save Money and Improve Care

Wendell Potter | Posted 10.08.2011 | Politics
Wendell Potter

We clearly need more doctors who see the wisdom of going back to the future to deliver care in the setting that makes the most economic and humane sense -- the home.

Congress: You Are the Scorekeepers for the U.S. Dollar, Not a Player!

Warren Mosler | Posted 10.01.2011 | Politics
Warren Mosler

There is no looming financial crisis for the U.S. Government, the scorekeeper for the U.S. dollar. The U.S. Government can't run out of dollars, and it is not dependent on taxing or borrowing to be able to spend.

Michael McAuliff

Harry Reid's Debt Ceiling Bill Puts His Cards On The Table | Michael McAuliff | Posted 09.28.2011 | Politics

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) unveiled a new debt ceiling bill Friday night that strongly resembles a plan first suggested ...

Elise Foley

John Boehner Debt Plan Cuts $915 From Deficit: CBO | Elise Foley | Posted 09.26.2011 | Politics

WASHINGTON -- One day after being rebuked for introducing a debt ceiling plan that fell short of the Tea Party's desired levels of cuts, House Speaker...

Ryan Grim

CBO: Reid Debt Ceiling Plan Would Save More Than Boehner's Proposal | Ryan Grim | Posted 09.26.2011 | Politics

WASHINGTON - The Senate Democratic plan to raise the debt ceiling would slash spending cuts far deeper than House Speaker John Boehner's proposal, acc...

Sam Stein

Boehner's Debt Ceiling Plan Falls Short, CBO Finds | Sam Stein | Posted 09.25.2011 | Politics

WASHINGTON -- The debt ceiling deal introduced by Speaker John Boehner (R-Ohio) would save, by one measure, roughly $850 billion over the course of te...

Cognitive Dissonance on the Deficit?

Jerry Jasinowski | Posted 08.30.2011 | Business
Jerry Jasinowski

Obviously, increasing economic growth would make deficit reduction easier, but it is difficult to see how we can accomplish that at the same time we are making major cuts in spending.

Samuel Haass

Study Shows Ryan Budget Will Drive Up Health Costs | Samuel Haass | Posted 08.29.2011 | Politics

WASHINGTON -- A new study shows Rep. Paul Ryan's budget plan will do little to reduce health care costs, Bloomberg News reports. The study, authore...

Debt Ceiling Warning: Report Suggests Crisis Looms Absent Major Policy Changes

AP | ANDREW TAYLOR | Posted 08.22.2011 | Politics

WASHINGTON — The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budg...

The Irrationality of Regressive Budget Cuts

James K. Galbraith | Posted 07.19.2011 | Politics
James K. Galbraith

Where is the goal of improving our economy? Or the living standards of our people? It is nowhere to be seen in the rush to achieve things which are driven by some metaphysical notions that have become attached to accounting concepts.

CBO: Boehner's Math Is Wrong, Budget Deal Will Cut Less Than Half Of What Was Promised

AP | By ANDREW TAYLOR | Posted 07.16.2011 | Politics

WASHINGTON -- The big spending bill passed into law with much fanfare last month will cut the deficit by $122 billion over the next decade – les...

Parties Spoil For 2012 Fight Over Size Of Government

National Journal | RONALD BROWNSTEIN | Posted 06.21.2011 | Politics

It's always hazardous to predict the issues that will define the next presidential selection. But leading thinkers in both parties say that events of ...

Simon Johnson: Behind The S&P Warning on the Deficit

The New York Times | Simon Johnson | Posted 06.21.2011 | Business

Standard & Poor's announced on Monday that its credit rating for the United States was affirmed at AAA (the highest level possible) but that it was re...

Are Seniors Paying Attention to Paul Ryan's Plan for Medicare?

Wendell Potter | Posted 06.18.2011 | Politics
Wendell Potter

I'm betting that many of them, if they're paying attention to what Rep. Paul Ryan wants to do to the Medicare program, are having some serious buyer's remorse.

Jon Ward

2012 GOP Presidential Hopefuls Wary Of Ryan's Budget | Jon Ward | Posted 06.13.2011 | Politics

WASHINGTON -- The Republican presidential hopefuls differ significantly on whether they’ll offer detailed budget and entitlement reform proposals in...

Jon Ward

GOP Governor Defends Cutting Entitlements | Jon Ward | Posted 06.12.2011 | Politics

WASHINGTON – Mississippi Gov. Haley Barbour (R) invoked Tennessee’s experiment with expanding health care coverage –- and the state’s subseque...

Ex-Obama Adviser: Action Needed To Avoid 'Permanently' Damaging Job Market

The New York Times | CHRISTINA D. ROMER | Posted 06.11.2011 | Business

IT takes a while to match people with jobs, so even in normal times the unemployment rate is never zero. Before the recent recession, in the view of m...

Republicans Want to Replace Medicare With Rationcare

Ethan Rome | Posted 06.07.2011 | Politics
Ethan Rome

The Republican plan is heartless rationing. It won't be Medicare anymore. You can call it Medicareless, because it would no longer be the guaranteed health care program that has served our nation so well since 1965.

Jon Ward

Paul Ryan Budget Gets Mixed Review From Congressional Budget Office, Conservatives | Jon Ward | Posted 06.06.2011 | Politics

WASHINGTON -- The Congressional Budget Office on Tuesday laid out the pros and cons of Rep. Paul Ryan’s (R-Wis.) budget proposal in clinical, detach...

Health Care Repeal Could Cost $210 Billion, CBO Says

Posted 05.25.2011 | Business

WASHINGTON (By Susan Heavey) - Repealing the U.S. healthcare law enacted last year would add $210 billion to the nation's deficit over the next decad...

Paul Ryan's Budget: Unnecessary Pain With No Long-Term Gain

Andrew Fieldhouse | Posted 05.25.2011 | Politics
Andrew Fieldhouse

It's not the non-security discretionary budget that is the culprit of today's deficit. But if enacted, Paul Ryan's proposed budget would have devastating consequences in those key public investments.

Inflation Is Here to Stay

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The WEF wants to increase global debt by $100 trillion, the U.S. refuses to acknowledge that we can't afford to pay our $112 trillion in unfunded liabilities and our publicly traded debt is set to more than double in the next decade.

Arthur Delaney

CBO: Unemployment Rate Will Stay Above 9 Percent Through 2011 | Arthur Delaney | Posted 05.25.2011 | Business

The jobs crisis isn't going anywhere, according to the latest forecast from the nonpartisan Congressional Budget Office, which puts the national unemp...

Deficit Hawkoprite Watch

The Baseline Scenario | Posted 05.25.2011 | Politics

Sometime this spring, Congress is going to have to raise the debt ceiling or the federal government will face default. Republicans are going to demand...