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Congressional Budget Office

Conservatism Blew Up the Economy

Cliff Schecter | Posted 01.14.2012 | Politics
Cliff Schecter

So what do you do when financial analysts are warning that housing prices are headed for a "triple dip," the second largest Swiss Bank (Credit Suisse)...

Let's Not Forget: A Reality Check for Americans

Denise Dennis | Posted 01.04.2012 | Politics
Denise Dennis

Trickle-down economics has become the mother's milk of the GOP and has indeed been "a curse" on Americans.

Dear Supercommittee: "It's Consumer Spending, Stupid!"

Harlan Green | Posted 01.02.2012 | Business
Harlan Green

It isn't consumer debt, as much as the lack of income that has prevented consumers from spending enough to boost economic growth.

Moody's: Super Committee Failure Would Not Lead To Automatic Downgrade

Posted 01.02.2012 | Business

NEW YORK (Walter Brandimarte) - Failure by a U.S. congressional committee to agree on $1.5 trillion in budget deficit cuts would be negative, but ...

Most Americans Think Income Inequality Is A Problem: Poll

The Huffington Post | Alexander Eichler | Posted 12.31.2011 | Business

The people occupying Wall Street aren't the only ones worried about the wealth gap. Nearly three-quarters of the people in a new poll conducted by ...

Sacrilege: Wall Street Worship

Leo W. Gerard | Posted 12.31.2011 | Politics
Leo W. Gerard

Americans have been worshiping a bull. Too many citizens, and particularly politicians, prostrate themselves to Wall Street's bronze idol.

Thirty Years of Unleashed Greed

Robert Scheer | Posted 12.26.2011 | Politics
Robert Scheer

Between 1979 and 2007, the average real income of the top 1 percent grew by an astounding 275 percent. And that is after payment of the taxes that the superrich and their Republican apologists find so onerous.

Alexander Eichler

One Percenters' Income Skyrocketed In Last Three Decades | Alexander Eichler | Posted 12.26.2011 | Business

WASHINGTON -- America's 99 percent are not just imagining it. The gap between the incomes of the rich and poor in this new Gilded Age is strikingly br...

White House Waffles On Key Part Of Health Care Reform

AP | By RICARDO ALONSO-ZALDIVAR | Posted 12.17.2011 | Politics

WASHINGTON -- The White House appeared to waffle Monday on the fate of a financially troubled long-term care program in President Barack Obama's healt...

The TRAIN Act Cuts the Heart out of the Clean Air Act

Marcia G. Yerman | Posted 12.10.2011 | Green
Marcia G. Yerman

Just when you thought it couldn't get any worse, the TRAIN Act, made it through the House of Representatives. But as Yogi Berra would say, "It ain't over 'til it's over."

The Name of the Game is Confidence

Kevin L. Petrasic | Posted 12.05.2011 | Business
Kevin L. Petrasic

Whether in matters of the heart, business, politics or the economy, the key to all successful relationships is confidence.

CBO: Deficit Would Be One-Third Lower If Economy At Full Potential

Posted 12.05.2011 | Business

By Kristina Peterson of the Wall Street Journal The U.S. federal deficit in fiscal year 2012 would be about one-third lower if the economy were ope...

Bill Clinton Is Baaaaaaaaack!

Dean Baker | Posted 12.03.2011 | Business
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.

Michael McAuliff

Obama's Deficit Plan 'Worse Than Nothing' Says Former U.S. Comptroller | Michael McAuliff | Posted 11.20.2011 | Politics

WASHINGTON -- One of the experts who attended President Obama’s Rose Garden deficit speech is hammering the White House Tuesday, saying the presiden...

Friday Talking Points -- Ads Obama Should Run

Chris Weigant | Posted 11.16.2011 | Politics
Chris Weigant

Obama should run a few ads right now which do not even mention the election. Instead of saying "vote for me!" these ads should say "pass my jobs bill" in as many creative ways as possible.

The 'New Normal' Does Not Have to Be Slower Growth!

Harlan Green | Posted 11.16.2011 | Business
Harlan Green

Republicans are, in a word, trying to convince us what is in effect a 'new normal' of ignorance, a wholesale ignorance of reality based facts -- whether economic or scientific.

Merkley's Right: CBO Should Score Jobs

Chris Weigant | Posted 11.14.2011 | Politics
Chris Weigant

This will force the public debate to cover the entire scope of the proposals being offered up, and it would do so by providing the data the public most cares about right now: how will this create or destroy jobs?

How President Obama Has Changed His Tack

New Yorker | John Cassidy | Posted 11.12.2011 | Business

A few hours before President Obama presented his new job-creation plan to Congress last week, Ben Bernanke, the chairman of the Federal Reserve, made ...

Bailout Dollars Meant For Struggling Homeowners May Pay Down Deficit Instead

Posted 10.25.2011 | Business

By Lois Beckett, ProPublica With housing prices dropping sharply, and foreclosure filings against more than 1 million properties in the first h...

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...

Zero Sum Game: The Black Box of the Congressional Budget Process

Adam Levin | Posted 10.19.2011 | Business
Adam Levin

Baseline budgeting and ten-year projections need to go the way of the eight track tape deck before we can understand, much less solve, the really pressing issues created by budget deficits and credit downgrades.

The Debt-Growth Conundrum

Jerry Jasinowski | Posted 10.16.2011 | Business
Jerry Jasinowski

We are going to be coping with weak economic growth and high unemployment for several years. We need to rank all tax and spending policies according to how they impact growth, and cut the ones that don't significantly help growth and jobs.

S&P Downgrade Reflects Political Divisions That May Be Our Greatest Source of Risk

David Paul | Posted 10.15.2011 | Politics
David Paul

One week after the downgrade of the United States bond rating, the markets have returned a verdict of sorts.

Can Your Congressman Balance a Checkbook? (No Seriously, You Should Ask)

Keli Goff | Posted 10.01.2011 | Politics
Keli Goff

Many of our elected officials know a lot less about finance and economics than those responsible for the financial future of an entire country should. Even more terrifying, many appear to know even less about such matters than we do.

The Destruction of Our Wealth

Harlan Green | Posted 09.30.2011 | Business
Harlan Green

The destruction of middle class wealth and income by Republicans, in particular, has been prolonged and systematic for decades. This standard of living has already declined for most of us since the 1980s, and will continue to decline.