Deficit on Huffington Post

David Morris: How Phantom Accounting Is Destroying The Post Office

2012-05-25T19:01:37Z

The post office deficit that is driving management to commit institutional suicide by ending six-day delivery, closing half of the nation's post offices and mail-processing centers, and laying off more than 200,000 workers, is make-believe.

Read more: Unified Budget, Privatization, Deficit, Postal Service, Accounting, Mail, Post Office, Usps, Politics News

Bob Cesca: The Truth About the President and the Deficit

2012-05-23T17:41:42Z

Arguably the biggest lie coming from the Republicans and the Romney campaign is that President Obama is a tax and spend liberal who's directly and personally responsible for record deficits and a crushing national debt.

Read more: U.S. Economy, Karl Rove, President Barack Obama, National Debt, Congressional Budget Office, Mitt Romney, Debt, Stimulus, Election 2012, American Recovery and Reinvestment Act of 2009, Deficit, Budget Deficit, Republican Party, Tarp, Bailouts, Politics News

Joe Newman: Follow the Defense Dollars -- If You Can

2012-05-23T16:22:21Z

What happens when Congress does the public's business in secret? The well-connected corporate lobbyists, fundraisers and campaign contributors are the ones who benefit the most because of their insider access.

Read more: Pentagon, House of Representatives, White House, Deficit, Senate, Congress, Military, Federal Budget Deficit, Plutonium, Los Alamos National Laboratory, Budget, Ndaa, Transparency, Accountability, Politics News

Jay Carney: Don't 'Buy Into The B.S.' From GOP About Obama's Spending Record

2012-05-23T13:12:37Z

WASHINGTON -- White House Press Secretary Jay Carney had some advice for reporters on Wednesday when it comes to covering President Barack Obama's rec...

Read more: Debt, Deficit, Video, White House Spokesman Jay Carney, Jay Carney, Elections 2012, White House Press Secretary, Obama Fiscal Responsibility, Federal Spending, Obama Spending, Jay Carney Obama, Fiscal Responsibility, Politics News

Alan Simpson's Latest Foul-Mouthed Outburst

2012-05-23T12:53:03Z

Former Sen. Alan Simpson is not happy with the California Alliance for Retired Americans.

In an April letter full of bad language, the pugnacious ...

Read more: Alliance for Retired Americans, Deficit, Alan Simpson Letter, Social Security, California Alliance for Retired Americans, Simpson-Bowles, Deficit Reduction, Alan Simpson, Medicare, Slidepollajax, Alan Simpson Social Security, Video, Politics News

Government Report Contradicts GOP On Dire Situation

2012-05-22T21:10:00Z

A new government report said spending cuts scheduled to go into effect in 2013, coupled with the simultaneous expiration of Bush-era tax cuts, will sh...

Read more: Automatic Spending Cuts, Politics News, Video, 2012 Elections, Super Committee, Cbo, Federal Deficit, President Obama, Elections 2012, Deficit Reduction, Gop, Congressional Budget Office, Recession, Barack Obama, Bush Tax Cuts, Politics News

John Boehner Not Going To Get His Way With Debt Ceiling Fight, Senior Administration Officials Say

2012-05-22T14:14:07Z

WASHINGTON -- Senior administration officials said Tuesday that House Speaker John Boehner (R-Ohio) isn't going to win if he keeps up a fight about ty...

Read more: Obama Debt, White House Debt, Video, Debt Limit Increase, Debt Ceiling Increase, John Boehner Debt Ceiling, Debt Ceiling, John Boehner, Debt Limit, Elections 2012, Deficit Reduction, Boehner Debt Limit, Boehner Deficit Reduction, Politics News

Sen. Landrieu: Republicans Say 'In Private' They Support New Revenues In Debt Ceiling Deal

2012-05-21T19:26:00Z

WASHINGTON -- Republicans may publicly trash the idea of including new revenues in a deal to raise the U.S. debt ceiling, but they say otherwise in pr...

Read more: Debt, Debt Ceiling Increase, Video, Mitch McConnell, Sen. Landrieu, Debt Ceiling, John Boehner, Debt Limit, Elections 2012, Deficit Reduction, Mary Landrieu, Politics News

Andrew Fieldhouse: The Ryan Budget Fails to Effectively Address Economic Challenges, Unlike the 'Budget for All'

2012-05-20T19:03:16Z

A budget is much more than numbers and a bottom line; a budget should reflect national priorities. Unfortunately, the Ryan budget prioritizes sharply reducing spending and cutting taxes on the wealthy -- at the expense of good economic stewardship.

Read more: Budget for All, Budget Deficits, Ryan Budget, Paul Ryan, Congressional Progressive Caucus, Bush Tax Cuts, Federal Budget, Politics News

Sanjay Sanghoee: Capitalist Revolution: Forget the Deficit and Learn From Europe

2012-05-18T13:06:35Z

Before we go wild with our deficit-cutting scythe, let's make sure that we are not hacking away at our own feet in the process.

Read more: Congress, John Boehner Debt Ceiling, Debt Ceiling, John Boehner, Trickle Down, France, Economic Crisis, Elections 2012, Capitalism, Euro, Deficit, Politics, Unemployment, Greece, Spending Cuts, Socialism, Europe, Republicans, Business News

Pelosi, Boehner Trade Barbs Over Prospect Of Another Debt Limit Fight

2012-05-17T12:48:40Z

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) on Thursday slammed House Speaker John Boehner (R-Ohio) for sparking another potential sho...

Read more: Obama Debt, Deficit, Debt, Video, 2012 Elections, Debt Ceiling, John Boehner, Debt Default, Debt Limit, Nancy Pelosi, Obama Deficit, Politics News

James Kwak: Because They Can

2012-05-17T08:30:23Z

It seems as if the Republicans are trying to turn the national debt back into a major political issue. Despite their abysmal record when it comes to fiscal responsibility, it could still turn out to be smart politics, for a few reasons.

Read more: Mitt Romney, Deficit, National Debt, Republican Party, John Boehner, Republicans, Fiscal Affairs, Business News

Trey Ellis: Romney's Business Plan: Sell Us for Parts

2012-05-16T13:51:04Z

Either Romney doesn't understand the words coming out of his mouth, he's just pretending not to understand the words coming out of his mouth, or he's the worst businessman ever.

Read more: Mitt Romney, Deficit, Debt, Mitt Romney Debt Speech, Mitt Romney Budget, Mitt Romney Debt, Mitt Romney Budget Speech, Politics News

Republicans Grip Up For Another Debt Showdown

2012-05-15T19:48:00Z

WASHINGTON -- Despite the risk of economic and political fallout, Senate Republicans Tuesday said they're standing with House Speaker John Boehner (R-...

Read more: Debt, Debt Ceiling Fight, Jay Carney, Patty Murray, Debt Ceiling, Debt Default, Senate Republicans, Olympia Snowe, Elections 2012, Debt Fight, John Thune, Susan Collins, John Cornyn, Deficit, Dick Lugar, Video, Harry Reid, Sequester, Politics News

Clinton: GOP Is Too 'Scared' To Compromise

2012-05-15T14:33:58Z

WASHINGTON -- Indiana's GOP Senate primary winner Richard Mourdock represents what's wrong with American politics these days, former President Bill Cl...

Read more: Bill Clinton, Debt, Indiana Senate 2012, Partisan Gridlock, Elections 2012, Political Gridlock, Indiana Senate, Deficit, Dick Lugar, Video, Bill Clinton Richard Mourdock, Richard Mourdock, Richard Mourdock 2012, Tea Party, Richard Lugar, Politics News

Jared Bernstein: For Whom the Austerity Bell Tolls

2012-05-15T12:21:56Z

Next time someone asks you for whom the austerity bell tolls, tell them it ain't just the EU.

Read more: Deficit Reduction, Deficit, Austerity Measures, Budget Cuts, Austerity, Business News

Jerry Brown's Challenge To Taxpayers

2012-05-15T11:37:28Z

SACRAMENTO, Calif. -- California Gov. Jerry Brown called on state lawmakers to embrace austere cuts and urged voters to approve tax hikes in outlining...

Read more: California Education Budget, California Budget Deficit, California Austere Cuts, California Budget Deficit 2012, California Budget Cuts, Jerry Brown Budget Cuts, California Cuts, Jerry Brown Budget, Los Angeles News

Dean Baker: Deficit Reduction: The Great Distraction

2012-05-14T21:18:07Z

When we hear Erskine Bowles and his friends rant about the deficit this week, we should remember that once again they are distracting the public from the country's real problems. And this crew is at the center of those problems; it is not the solution.

Read more: Deficit, Deficit Commission, Social Security, Erskine Bowles, Peter Peterson, Budget, Simpson-Bowles, Tax Cuts, Deficit Reduction, Business News

Dave Johnson: Why We Have a Deficit

2012-05-14T18:51:46Z

Just ten years ago this country was running huge surpluses and paying off its debt. But then we elected Obama and all hell broke loose. Oh, wait...

Read more: Taxes, Deficit, Strategic Deficits, Bush, Budget Deficits, Republicans, Bush Tax Cuts, Austerity, Politics News

Gemma Godfrey: How Will the French and Greek Elections Change the Direction of Europe?

2012-05-14T12:38:42Z

As French and Greek voters make their feeling about spending cuts loud and clear, we ask ourselves: why has there been such a strong swing to anti-austerity/pro-growth, how does this threaten the survival of the euro and is a Greek default still possible?

Read more: Debt, Markets, Eurozone, Money, France, Economy, Italy, Austerity, Euro, Investors, Deficit, Greece, Wealth, Germany, Investment, Crisis, World Elections 2012, Business News

Governor To Announce New State Spending Plans After Huge Budget Shortfall

2012-05-14T12:29:56Z

SACRAMENTO, Calif. — California's sputtering economic recovery is putting a heavier-than-expected drag on state tax revenue, leading Gov. Jerry ...

Read more: Jerry Brown California Budget, CA Tax Increase, Ca Budget, California Tax Plan, CA Tax Plan, Elections 2012, California Budget Shortfall, CA Deficit, California Tax Increase, California Deficit, California Budget, Jerry Brown Tax Increase, November 2012, Jerry Brown Tax Plan, San Francisco News

Roger Hickey: Show Peter Peterson We Reject His Elite Austerity Consensus

2012-05-13T11:24:50Z

This meeting will not issue a rallying cry for bold growth policies to put America to work. And we should try to make sure that Democrats do not buy into what the organizers are selling -- because the voters certainly won't.

Read more: Federal Budget Deficit, Simpson-Bowles, Jobs, Pete Peterson, Bernie Sanders, Economic Growth, Campaign for America's Future, Austerity, Fiscal Policy, Politics News

The Center for Public Integrity: Public overwhelmingly supports large defense spending cuts

2012-05-10T10:13:40Z

By R. Jeffrey SmithiWatch NewsWhile politicians, insiders and experts may be divided over how much the government should spend on the nation's defen...

Read more: Department of Defense, Federal Budget Deficit, Budget Cuts, Politics News

Did We Just Find A Way To Save State Parks?

2012-05-09T20:10:54Z

SAN FRANCISCO -- With only weeks to go before a full quarter of California state parks are scheduled to shut their gates due to budget cuts, a pair of...

Read more: Jow Simitian, California Park Closures, State Parks Shut Down, California Parks, California Parks Closing, California Parks Bill, Save California State Parks, Ca Parks Closing, NOREEN EVANS, California State Parks Closing, Ca Parks, Califoria State Parks Closure, California Budget Deficit, California Budget Crisis, California Park Privitization, Ca State Parks Closing, California State Parks, San Francisco News

Ted Kaufman: Corporate Tax Rate and a Busy Lame Duck Session

2012-05-07T07:58:38Z

Since Japan lowered its rate last April, our corporate tax rate has been the highest in the world. There is no disagreement in Washington, believe it or not, that a 35% rate is too high. What complicates things is that very few if any corporations actually pay that rate.

Read more: AT&T, Ge, Business Rountable, Bush Tax Credits, Nike, Elections., Lobbyists, Boeing, Romney, Lame Duck Session, Budget Deficit, Obama, Corporate Tax, Capitol One, Congress, Corporate Tax Rate, Corporate Taxes, 112th Congress, Politics News