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Deficit

NYT: Who's Responsible For The Federal Deficit? Overwhelmingly, Bush

New York Times | Posted 07.11.2009 | Politics

Read More: George W. Bush, New York Times, Bush Deficit, Surplus, Deficit, NYT Economics, Surplus Deficit, Politics News

There are two basic truths about the enormous deficits that the federal government will run in the coming years. The first is that President Obama's...

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Keynes and the Banking System

Alan Schram | Posted 07.02.2009 | Business

Read More: Business News, Financial Crisis, Deficit, Banks, Credit Crisis, John Maynard Keynes, Recession, Business News
Alan Schram

Keynes-style fiscal policy which amasses debt to obscure our fundamental problems will only make matters worse.

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A Tax Lawyer Refutes Glenn Beck's Call to Lawlessness

Hale "Bonddad" Stewart | Posted 07.02.2009 | Business

Read More: Iraq War, Taxes, Deficit, Glenn Beck, Tax Law, Business News
Hale

The bottom line is Beck and his ilk are nothing more than 10 year old children who scream when they don't get their way.

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Is Hyper Inflation Coming?

Alan Schram | Posted 05.21.2009 | Business

Read More: Business News, Dollar, Deficit, Inflation, Financial Crisis, Business News
Alan Schram

Debasing the currency is the best way to destroy a capitalist system. Unfortunately, the US has plenty of incentive to debase its currency and pay off the debts in cheaper dollars.

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"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.

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Republicans Don't Believe in Tax Cuts

Bill Cusack | Posted 04.24.2009 | Politics

Read More: Taxes, Deficit, Federal Budget Deficit, Tax Cuts, Financial Crisis, Democratic Party, Republican Party, Personal Finance, Federal Budget, Fiscal Responsibility, Politics News
Bill Cusack

Americans will never forget Bush's Presidency. Dubya and all he stands for will have to be completely purged from the party if they ever want to win another national election.

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Deficit Estimates Worse Than Expected, White House Claims It Won't Hurt Agenda

AP | ANDREW TAYLOR | Posted 04.20.2009 | Politics

Read More: Obama Budget, Deficit Estimates, Obama's First 100 Days, Deficit, Obama and Deficit, Barack Obama, Politics News

WASHINGTON — President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of ...

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World Government

Scott Malcomson | Posted 04.18.2009 | World

Read More: US Economy, Gordon Brown, Deficit, Sebastian Mallaby, Council on Foreign Relations, Group-of-20-Economy-Meeting, World Economy, Brad Setser, Brazil, Group-of-20, Quantitative Easing, Us Economic Crisis, Lawrence Summers, Barack Obama, Bric, Mantega, World News
Scott Malcomson

The FT columnist Gideon Rachman wrote a column a couple of months ago about the need for world government, and he got more and different readers than ...

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A Better Plan for the Banking System

Alan Schram | Posted 04.15.2009 | Business

Read More: Dollar, Money Market Funds, Fdic, Banks, Business News, Credit Crunch, Bank Deposits, Saving Money, Deficit, Tarp, Japan, Dow, Financial Crisis, Business News
Alan Schram

Take the money earmarked to large, corrupt and failing banks that wretchedly brought us to the precipice, and have the FDIC offer matching capital to anyone setting up a new community bank.

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The Obama Revolution

Alan Schram | Posted 04.02.2009 | Business

Read More: Dollar, Wall Street, Banks, Inflation, Taxes, Business News, Credit Crunch, Debt, Obama, Bank Deposits, Stimulus, Deficit, Tarp, Dow, Financial Crisis, Nationalization, Business News
Alan Schram

The new budget President Obama proposed last week is no less than another American revolution, an economic revolution that changes the very fundamenta...

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Broken Window Economics

Alex Castellanos | Posted 04.02.2009 | Politics

Read More: Deficit, American Recovery and Reinvestment Act, Spending, Economy, 100 Days, Obama First 100 Days, Financial Crisis, Barack Obama, Politics News
Alex Castellanos

The president who so often promises change from the failed economic policies of his predecessor is out-Bushing Bush -- the Obama deficit will eclipse the last five Bush deficits together.

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Can We Handle the Truth?

Larry Gellman | Posted 03.28.2009 | Business

Read More: Interest Rates, George Bush, Automaker Bailout, Right Wing Media, Congress, Stock Market, George W. Bush, President Obama, Right Wing, Democratic Party, Democrats, Barack Obama, Bush Tax Cuts, Automakers, Right-Wing Bloggers, Auto Bailout, Deficit, Investing, Federal Budget Deficit, Stock Market Crisis, Financial Crisis, Banking Crisis, Banks, President Bush, Auto Industry, Republican Party, Republicans, Business News
Larry Gellman

Only Obama and the financial markets are telling us the truth. Not only can we handle it, most Americans are thrilled to finally have a president who is smart enough to know what's going on.

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Red Dollar, Blue Dollar: Republican Hubris and Hypocrisy

Jeff Schweitzer | Posted 03.27.2009 | Politics

Read More: Deficit, Debt, Bailout, Wall Street, Iraq War, Obama, Repubilcans, Democrats, Stimulus Package, Bush, Politics News
Jeff Schweitzer

The GOP has no credibility in opposing a stimulus package that effectively repudiates their failures of the past eight years.

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A Progressive Approach to the Deficit

Mike Lux | Posted 03.26.2009 | Politics

Read More: Economic Stimulus, The Progressive Revolution, Stimulus Plan, Deficit, Obama Stimulus Plan, Progressives, Politics News
Mike Lux

There is a progressive way to bring fiscal responsibility back to our federal budget, a path that embraces progressive values of taking care of the poor and investing in a prosperous middle class.

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The Fiscal Stimulus Will Pay For Itself

Ann Pettifor | Posted 03.18.2009 | Business

Read More: Deficit, Fiscal Stimulus, Unemployment, Rachel Maddow, Keynes, Economists, Republicans, Multiplier, Stimulus Package, Financial Crisis, Business News
Ann Pettifor

It is simply wrong to suggest that the fiscal stimulus "will cripple us long-term." It will not. The fiscal stimulus will pay for itself -- here's how.

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We Must Face the Music with Banks

Alan Schram | Posted 03.12.2009 | Business

Read More: Dollar, Fdic, Wall Street, Banks, Business News, Recession, Money Supply, Obama, Stimulus, Bad Bank, Saving Money, Credit Crunch, Deficit, Tarp, Financial Crisis, Housing Market, Stimulus Package, Housing Crisis, Business News
Alan Schram

Instead of recapitalizing and subsidizing the foolish and irresponsible banks that got us into this mess, we should let home prices fall to their economic equilibrium.

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Who Gave the Winners Another Pass on Taxes?

David M. Abromowitz | Posted 03.07.2009 | Politics

Read More: Taxes, Economic Stimulus Package, Wall Street, Bonuses, Economic Crisis, Deficit, Debt, Tax Fairness, Politics News
David M. Abromowitz

Now we are on the verge of needing to borrow massively to try to turn around the faltering economy, what has happened to the tax fairness part of the agenda?

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Stimulus Plans Don't Work

Alan Schram | Posted 02.19.2009 | Business

Read More: Keynes, Obama, Libor, Stimulus, S&P 500, Fdic, Money Market Funds, Dollar, Wall Street, Business News, Tax Cuts, Bank Deposits, Saving Money, Deficit, Dow, Tarp, Financial Crisis, Economy, Business News
Alan Schram

Spending is the problem that caused this crisis in the first place. We cannot fix the problem using more of its root cause.

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Spending The Deficit

Rob Fishman | Posted 09.16.2009 | Business

Read More: Peter G. Peterson Foundation, Deficit, Federal Budget Deficit, Economy, Ways to Spend Deficit, Business News
Rob Fishman

Just how much is $1.2 trillion? To put this year's deficit in perspective, we thought of a few unrealities that carry a similar price tag.

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The Story of 2008: What Went Wrong?

Alan Schram | Posted 02.11.2009 | Business

Read More: Volatility, Credit Crunch, Libor, Leverage, Recession, S&P 500, Fdic, Money Market Funds, Dollar, Wall Street, Bear Market, Business News, Bank Deposits, Saving Money, Deficit, Dow, Tarp, Financial Crisis, Business News
Alan Schram

Bear markets are difficult experiences, but they provide unique prospects. I believe we will look at the present U.S. stock market valuations as perhaps the best investment opportunity of a generation.

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Deficit Spending -- A Necessary Evil

Mike Papantonio | Posted 02.07.2009 | Politics

Read More: Conservative, Infrastructure, Air America Radio, John Maynard Keynes, Mike Papantonio, Recession, Ring of Fire, Deficit, Depression, Barack Obama, Economy, Republican, Politics News
Mike Papantonio

As Obama steps into this quicksand economy, he seems to realize that short-term stimulus plans are only a Band-Aid solution for a gaping, almost mortal wound.

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How to End the Recession

Alan Schram | Posted 02.06.2009 | Business

Read More: Citigroup, Green Jobs, Credit Crunch, Federal Reserve, Obama, Thomas Jefferson, Libor, S&P 500, Recession, Bush, Dollar, Money Market Funds, Fdic, Paulson, Wall Street, Bailout, Business News, Tax Cuts, Bank Deposits, Saving Money, Deficit, Dow, Stimulus Plan, Financial Crisis, Business News
Alan Schram

What should be intuitively clear is that spending is no way to repair our woes. Indeed, spending irresponsibly is exactly what got us in the current lugubrious position.

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Federal Spending Out of Control

Alan Schram | Posted 01.30.2009 | Business

Read More: Dollar, Alexander Hamilton, Wall Street, Business News, Credit Crunch, Saving Money, Deficit, Financial Crisis, Business News
Alan Schram

It is not the "government" that hands out these bailout packages and money for projects. We must recognize that government has no money that isn't ours.

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Remembering the Lessons of Economics 101: Why Increasing the Federal Deficit Does Not Mean that Our Kids Must Sacrifice to Pay the Bill

Robert Creamer | Posted 01.23.2009 | Politics

Read More: Reagan, Economy, Recession, Economic Recovery, Economic Growth, Wealth, Deficit, Roosevelt, Bush, Federal Budget Deficit, Obama Economy, Obama Spending, Politics News
Robert Creamer

Republicans will argue that when times are tough you don't increase your spending, you tighten your belt and live within your means. That may be a good idea for an individual. It's a terrible idea for a country.

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Washington Post: The Problem is YOU, Not "We"

Dean Baker | Posted 01.21.2009 | Media

Read More: Deficit, Financial Crisis, Health Care, Jim Hoagland, Washington Post, Housing Crisis, Generation Gap, Media News
Dean Baker

The Washington Post had the gall to run a column complaining about how "we" are passing on a bad world to our children. They're right about the problems, but wrong about the "we."

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