Deficit

Bernanke Solves the Wrong Deficit

Eric Lotke | Posted 10.21.2009 | Business


Eric Lotke

Ironically, the recession has been good for our trade deficit. We can't buy as much and don't have as much money to spend. But it can't last and we don't want it to.

Bob Herbert: Why "Too Big To Fail" Is A Bailout For The Rich

nytimes.com | BOB HERBERT | Posted 10.20.2009 | Business


Why should the general public have to constantly worry that a misstep by the high-wire artists at Goldman Sachs (to take the most obvious example) wou...

Washington Is Nuts

Tony Blankley | Posted 10.15.2009 | Politics


Tony Blankley

The greatest systemic risk to our economy is not Wall Street. It's the growing federal debt being enacted by those Washington politicians -- the ones who want to protect us from Wall Street.

The American People: Smarter Than They Look on TV

Eric Lotke | Posted 10.14.2009 | Business


Eric Lotke

If we ask the right questions or push in the right direction, the American people might come with us. Long range investments. It's work but we can get there.

Unhappy Fiscal New Year

Rep. Jason Chaffetz | Posted 10.01.2009 | Politics


Rep. Jason Chaffetz

Contrary to what some have told us in the past, deficits and debts do matter, and at the levels these debts have been accumulating, they matter a lot.

Progressives and the Budget Deficit

Dean Baker | Posted 09.28.2009 | Business


Dean Baker

There seems to be a bipartisan consensus that completely missing the biggest economic calamity in almost 80 years doesn't call into question your competence as an economic analyst. This should scare people.

Pittsburgh Model Dramatizes Lessons for G-20 Summit

Gary Shapiro | Posted 09.23.2009 | Business


Gary Shapiro

Pittsburgh's experience offers a road map for American cities adjusting to manufacturing downturns and the new realities of the modern global economy.

Selective Deficit Disorder

David Sirota | Posted 09.18.2009 | Politics


David Sirota

If President Obama really cares about the deficit, where is his effort to seriously rein in a Pentagon budget that is far more expensive than any health care plan being debated in Congress?

Why Government Spending Is the Solution, Not the Problem

Marshall Auerback | Posted 09.15.2009 | Politics


Marshall Auerback

Markets do not self-regulate in ways that avoid major financial upheavals and activist government is required as a counterbalancing force.

Federal Deficit Hits $1.38 Trillion Through August

AP | MARTIN CRUTSINGER | Posted 09.11.2009 | Business


WASHINGTON — The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year. ...

Affordability and the Public Option

Richard Kirsch | Posted 11.08.2009 | Politics


Richard Kirsch

At the end of the day, the way that most Americans will measure reform is by asking, "Do I have good health care that I can afford?"

Two Deficit Questions for Budgeting Expert Linda Bilmes

Pablo Manriquez | Posted 10.22.2009 | Business


Pablo Manriquez

Any reduction in consumer spending, whether spurned by a tax increase or not, that causes a drop in our demand for Chinese products decreases China's incentive to lend to us except at higher interest rates.

Weekly Audit: Four More Years of Bailout Ben

The Media Consortium | Posted 10.17.2009 | Business


The Media Consortium

Why is the Bernanke reappointment a mistake? Put simply, Bernanke is completely culpable for allowing an economic crisis to foment.

Bailed-Out Banks Making Profits -- For Taxpayers

Chris Weigant | Posted 10.16.2009 | Politics


Chris Weigant

Money wasn't just "given" to Wall Street firms. It bought something of value. And now that the firms (and the market in general) are recovering, they're starting to pay it back. With interest.

Good Riddance, Cash for Clunkers

Alan Schram | Posted 09.30.2009 | Business


Alan Schram

Washington is experimenting with bogus stimulus, such as the "cash for clunkers" program. Taxing Peter to subsidize Paul's new car is not a recipe for sound economic growth.

Nouriel Roubini: How We Can Escape The Spend-And-Borrow Economy

forbes.com | Nouriel Roubini | Posted 09.27.2009 | Business


In the last few months the world economy has been saved from a near-depression. That feat has been achieved by a range of extraordinary government sti...

The President of Cool

Taylor Marsh | Posted 09.21.2009 | Politics


Taylor Marsh

Liberals are convinced that Obama's problem is passion, his lack of heat. But Barack Obama was never about heat, not ever.

Obama Revises 10-Year Budget Deficit Up To $9 Trillion

cnbc.com | Posted 09.21.2009 | Business


The Obama administration will increase its 10-year budget deficit projection to roughly $9 trillion from $7.108 trillion in a report next week, a seni...

Feeder Funds

Gershon Hepner | Posted 09.16.2009 | Business


Gershon Hepner

There's no point asking for refunds from managers of feeder funds, who generally are quite immune to prosecution, though the tune the piper played was paid by them.

Banking Bandits Get Their Reward

Robert Scheer | Posted 09.04.2009 | Business


Robert Scheer

The $33 billion in taxpayer money that executives paid themselves speaks volumes about the inefficiency of a system of rewards that has nothing to do with performance.

SHOCK: Government Discovers Double-Sided Photocopying, Saves $102 Million

WSJ | Posted 08.29.2009 | Business


With the budget deficit soaring toward $2 trillion, the Department of Justice has figured out how to play its part: double-sided photocopying. More T...

The Chinese Come Calling

Robert Scheer | Posted 08.28.2009 | Business


Robert Scheer

The Chinese Communists invaded Washington on Monday demanding not that we sacrifice our freedoms but rather that we balance our budget.

California Budget Has Oakland Schools Turning to an Unlikely Solution...Crayfish (VIDEO)

Youth Radio -- Youth Media International | Posted 08.21.2009 | Politics


Youth Radio -- Youth Media International

Originally published on Youthradio.org, the premier source for youth generated news throughout the globe. By: Austin De Rubira In Miranda Carrow's ...

Suffering in El Centro: Cigars in Sacramento

Ann Pettifor | Posted 08.14.2009 | Business


Ann Pettifor

California's economy is in free fall. This appears to be of little concern to Governor Schwarzenegger, who instead prefers to focus his energy, attention and political capital on the ballooning state budget.

In Dependence Day 2009

Larry Gellman | Posted 08.06.2009 | Politics


Larry Gellman

We have never been more reliant on the generosity of others and less able to act like grown-ups and fend for ourselves than any time since the Revolution.