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Federal Budget Deficit

Time for Congress to Face Facts: They Are the Death Panel

David Paul | Posted 11.12.2009 | Politics

Read More: Outsourcing, Debt, Congress, Federal Budget Deficit, Death Panels, Budget, Economic Development, Exports, Sarah Palin, Health Care Reform, Jobs, Health Care, Federal Budget, Politics News
David Paul

For two decades now, we have become accustomed to justifying any manner of spending, from education to tax cuts, as an investment in our future.

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The Payoff Patriots

Vanessa Carmichael | Posted 11.11.2009 | Politics

Read More: Taxes, Federal Bailouts, Farm Bill, Federal Budget Deficit, Corn, Health Care Reform, Agribusiness, Health Care, Federal Budget, Politics News
Vanessa Carmichael

While many in the heartland fashion themselves as fiscally conservative, the reality of federal spending tells a different story.

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The Deafening Silence on Deficits

David Sirota | Posted 11.09.2009 | Politics

Read More: Federal Budget Deficit, Health Care, Blanche Lincoln, Barack Obama, Politics News
David Sirota

When it comes to aiding regular people who haven't bought members of Congress, every argument -- and especially deficits -- are cited as reasons to do nothing.

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Big Deficit, Bob Rubin, and the Strong Dollar

Dean Baker | Posted 11.08.2009 | Business

Read More: Trade Deficit, Federal Budget Deficit, Dollar, US Dollar, Robert Rubin, Business News
Dean Baker

Does Robert Rubin know that his strong dollar policy directly contradicts his fixation with low budget deficits? Either he is ignorant of the fundamentals of economics or he is dishonest.

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What Obama Won't Say: Your Taxes Are Going Up

Jill Schlesinger | Posted 11.08.2009 | Business

Read More: Federal Budget Deficit, Congressional Budget Office, Health Care, Business News
Jill Schlesinger

The former investment adviser in me says that rather than fight the concept, embrace higher taxes as a likelihood and adjust your life as much as possible.

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Rachel Maddow: Her Intelligence is Right

Joe Cirincione | Posted 10.20.2009 | Media

Read More: Iraq War, Intelligence, Saddam Hussein, Nuclear Weapons, Federal Budget Deficit, Tom Ridge, Carnegie Endowment for International Peace, Rachel Maddow, Jessica Mathews, Iran, Ted Kennedy, North Korea, Dick Cheney, Afghanistan War, Al Qaeda, Osama Bin Laden, Tom Ridge Rachel Maddow, Rachel Maddow Tom Ridge, Media News
Joe Cirincione

Maddow will not let former officials dodge responsibility for launching an unnecessary war in Iraq. Why do other journalists?

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Health Care Reform and the Deficit

Josh Bivens | Posted 09.24.2009 | Politics

Read More: Health Care Reform, Federal Budget Deficit, Politics News
Josh Bivens

Another economic shoe will drop when the government announces new federal budget projections. Whatever the number is, it'll be interpreted as a reason to abandon or delay health care reform.

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Why Republicans Should Back Health Care Cost Remedies

Stephen Herrington | Posted 09.21.2009 | Politics

Read More: Government, Congress, Gdp, Social Security, Federal Budget Deficit, Conservatives, Budget, Gop, Marxism, Medicare, Health Care, Fiscal Responsibility, Veterans, Politics News
Stephen Herrington

Socialization of risk, a risk pool, is the very business model of private insurance for profit -- and government is simply the largest risk pool of all.

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Latest Consumer Spending Data Much Worse Than Expected

Sheldon Filger | Posted 09.17.2009 | Business

Read More: Federal Reserve, Commerce Department, Retail Sales, Consumer Spending, Recession, Interest Rates, Deleveraging-the-Economy, American Consumerism, Automaker Bailout, Wall Street Bailout, Obama Administration, Fiscal Responsibility, Global Economic Crisis, Unemployment Numbers, Global Recession, Federal Bailouts, Consumer Confidence, Unemployment, Economic Stimulus Package, Federal Budget Deficit, Cash for Clunkers, Recession Fears, Consumers, Recession Watch, Business News
Sheldon Filger

The centrality of the U.S. consumer to the overall global economy has meant his pulling back on a debt induced shopping spree, which has sparked a worldwide synchronized recession.

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Income Inequality: Can We Tax Our Way Out of Trouble?

Alan Schram | Posted 09.16.2009 | Business

Read More: Business News, Taxes, Financial Crisis, National Debt, Federal Budget Deficit, Income Inequality, Dollar, Business News
Alan Schram

The top 1% of incomes in the country paid 40% of all personal income tax in 2007. You might think this is fair, and maybe it is. However, higher taxes on the top income will spawn a different problem.

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Fed Survey: Economy Has "Begun To Stabilize, Albeit At A Low Level."

AP | JEANNINE AVERSA | Posted 08.29.2009 | Business

Read More: Economic Recovery, Federal Bailouts, Fed Survey, Federal Budget Deficit, Economic Crisis, Economic Meltdown, Federal Reserve, Ben Bernanke, Business News

WASHINGTON — The economy is finally showing signs of stabilizing in some regions of the country – especially in parts of the Northeast and...

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

WSJ | Posted 08.29.2009 | Business

Read More: Deficit, Forest Service, Department of Defense, Federal Budget Deficit, Budget Cuts, Goverment Spending, President Obama, Photocopying, Business News

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...

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Nouriel Roubini Speaks Truth to Power

Sheldon Filger | Posted 08.20.2009 | Business

Read More: Financial Crisis, Economic Stimulus Package, Nouriel Roubini, Federal Budget Deficit, Unemployment Rate, Roubini Dr Doom, Economic Crisis, Business News
Sheldon Filger

Nouriel Roubini warned for years that the subprime mortgage sector would bring about economic calamity. We should listen carefully to his warnings on the danger of a double dip recession

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In Dependence Day 2009

Larry Gellman | Posted 08.06.2009 | Politics

Read More: Mark Sanford, American Revolution, US Military, Congress, Social Security, America, Economy, Cheney, George W. Bush, President Obama, Redistribution of Wealth, Obama, Democratic Party, Bush Tax Cuts, Dick Cheney, Deficit, Military, Wealth, Tax Cuts, Enlistment Bonuses, Financial Crisis, Medicare, Republican Party, Taxes, Credit Crisis, Entitlement, Democrats, Fourth of July, Barack Obama, Iraq War, John Ensign, Federal Budget Deficit, Independence Day, Sarah Palin, Military Recruiting, Iraq, Republicans, Politics News
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.

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Budget Deficit Hits Record At $189.7 Billion

AP | MARTIN CRUTSINGER | Posted 07.11.2009 | Business

Read More: Bear Sterns, Federal Deficit, Federal Budget Deficit, Budget Deficit, Record Deficit, Business News

WASHINGTON — The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of red ink close to $1 trillion with four...

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Fed Hires Former Enron Lobbyist To Improve Its Image

bloomberg.com | Robert Schmidt | Posted 07.06.2009 | Business

Read More: Transparency, Federal Budget Deficit, Ben Bernake, Federal Reserve, Linda Robertson, Ben Bernanke, Enron Lobbyist, Lawrence Summers, Business News

June 5 (Bloomberg) -- The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank's gr...

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Geithner: China Should Decrease Exports

wsj.com | MICHAEL M. PHILLIPS | Posted 06.28.2009 | Business

Read More: Treasury Department, Timothy Geithner Treasury Secretary, Federal Budget Deficit, Hu Jintao, Chinese Economy, Premier Wen Jiabao, Timothy Geithner, Chinese Exports, China, Treasury Secretary, Business News

WASHINGTON -- U.S. Treasury Secretary Timothy Geithner heads to Beijing this weekend to urge Chinese leaders to fundamentally alter the export-oriente...

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Obama: Deficit 'Unsustainable'

bloomberg.com | Roger Runningen and Hans Nichols | Posted 06.14.2009 | Business

Read More: Obama Rio Rancho Speech, Obama, U.S. Debt, Federal Budget Deficit, Obama New Mexico, Business News

President Barack Obama, calling current deficit spending "unsustainable," warned of skyrocketing interest rates for consumers if the U.S. continues to...

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Budget Deficit To Top $1.8 Trillion

AP | ANDREW TAYLOR | Posted 06.11.2009 | Business

Read More: Budget Deficit $1.8 Trillion, Budget Deficit, Federal Budget Deficit, Business News

WASHINGTON — The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past ...

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Senate to Uber-Rich: "Help Is on the Way"

Bob Greenstein | Posted 05.14.2009 | Politics

Read More: Taxes, Senate, Congress, Federal Budget Deficit, Economy, Budget, Tax Cuts, Center on Budget and Policy Priorities, Estate Tax, Recession, Politics News
Bob Greenstein

How did Senate proponents sell their colleagues on the idea of spending so much money to benefit the estates of the wealthiest one quarter of one percent of Americans who die?

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Federal budget deficit sets March record $192.3B

AP | MARTIN CRUTSINGER | Posted 05.11.2009 | Business

Read More: Budget Deficit Record, Budget Deficit, Budget Deficit March, Federal Budget Deficit, Budget, Business News

WASHINGTON — The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just half...

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Taxing THC: Turning Old New York into New New Amsterdam

Warren Holstein | Posted 05.09.2009 | Comedy

Read More: New Orleans, Rockefeller Drug Laws, Marijuana, Drugs, Amsterdam, California, Military Industrial Complex, Glaucoma, Norml, David Paterson, Drug War, Medical Marijuana, Blue Laws Repealed, Decriminalization, Budget Deficit, New York, Tom Ammiano, Politics, Cannabis, Intractable Pain, Federal Budget Deficit, Marijuana Amsterdam, Blue Laws, Neoconservatives, Weed, Legalize Marijuana, Ground Zero, Law Enforcement, Economy, Comedy News
Warren Holstein

Bollocks! How is that California, the crossroads of implants, spray tans and superficiality, has a leg up on the Empire State, on the possible legalization and taxation of Cannabis sativa?

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Insane Republicans Reveal An Insane Budget Plan

Bob Cesca | Posted 05.02.2009 | Politics

Read More: Economic Stimulus Package, Michele Bachmann, Rush Limbaugh, Federal Budget Deficit, John Boehner, Budget, Economic Crisis, Glenn Beck, Paul Krugman, Congressional Budget Office, House Republicans, Paul Ryan, Republicans, Obama Budget, Centrists Obama Budget, Obama Budget Fight, Obama Budget Cuts, GOP Budget, Politics News
Bob Cesca

Congratulations, Republicans, you just released a budget that rewards wealthy corporate executives while blocking any attempt to dig us out of the economic catastrophe they created. Smart!

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Budget Deficits and Blow Up Dolls: It's the Economy Stupid!

Dean Baker | Posted 04.25.2009 | Politics

Read More: Federal Budget Deficit, Obama Budget Cuts, GOP Budget, Obama Budget Fight, Budget, Obama Budget, Centrists Obama Budget, Politics News
Dean Baker

We're supposed to be up in arms over the deficit projections for 2013 or 2019? That's bit like someone complaining about the lawn not being mowed at a time when the house is on fire.

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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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