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Federal Deficit

A Tale of Two Obamas

Robert Kuttner | Posted 12.07.2009 | Politics

Read More: US Economy, Tarp, Goldman Sachs, Obama Centrist, Federal Deficit, President Barack Obama, Barack Obama, Afghanistan War, Politics News
Robert Kuttner

This president, who could have been such an insurgent at a moment demanding insurgency, has been so utterly captured by the Wall Street elite, the health insurance industry elite, and the military elite.

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Krugman: Deficit Hawks Trying To Scare People With Big, Out-Of-Context Numbers

Posted 11.30.2009 | Business

Read More: Federal Debt, Debt Scare, Debt, Deficit, Paul Krugman, Debt Crisis, Federal Deficit, George Will, Business News

On ABC's This Week, host George Stephanopoulos asked Paul Krugman, the Nobel Prize-winning economist and New York Times columnist, about the argument ...

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RIP Compassionate Conservatism

Will Marshall | Posted 11.23.2009 | Politics

Read More: Deficit, Senate, Federal Deficit, Federal Budget Deficit, George W. Bush, Gop Health Care, Gop, Medicare, Healthcare Reform, David Walker, Health Care, Republican Party, Joseph Cao, Healthcare, Republicans, Politics News
Will Marshall

In taking a purely obstructionist stance, the GOP has evinced scant empathy for tens of millions of fellow Americans who lack basic protection against illness or injury. So much for compassionate conservatism.

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US Facing Waves Of Debt Payments

New York Times | EDMUND L. ANDREWS | Posted 11.23.2009 | Politics

Read More: Debt, Congress, Federal Deficit, Social Security, Obama, Debt Payments, Babyboombers, Borrowing, National Debt, White House, Fed, Treasury, Financial Crisis, Medicare, Politics News

WASHINGTON -- The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.'s on terms that seem too good to be...

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Navigating the Jobs Crisis: 3 Strategies for Real Economic Recovery

Jim Carr | Posted 11.20.2009 | Business

Read More: Foreclosure, Unemployment, Federal Deficit, Unemployment Rate, Unemployment-Obama, New Deal 2.0, Recession, Business News
Jim Carr

While there is legitimate concern over the size of the federal deficit, the threat to the economy of continued high levels of unemployment is more urgent. Unemployment is now the leading reason families are losing their homes.

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Dems Want Unspent TARP Funds For Main Street Bailout

Posted 11.18.2009 | Politics

Read More: Small Business Loans, Wall Street Bailout, Recovery, Congress, Unused Tarp Money, Federal Deficit, Leftover Tarp Funds, Peter DeFazio, Jobs, Homeowners, Obama, Democrats, Defazio, Main Street, Barney Frank, House, Deficit, Earl Blumenauer, Senate, Unemployment, White House, Financial Crisis, Extra Tarp Money, Bank Bailout, Leftover Tarp Money, Tarp, Republicans, Politics News

Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill. More than half of the Democ...

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Time to Try Government as Employer of Last Resort

Marshall Auerback | Posted 11.17.2009 | Business

Read More: Deficit, Roosevelt-Institute, Social Security, Unemployment, Federal Deficit, New Deal 2.0, Herbert Hoover, Business News
Marshall Auerback

The president still seems curiously hamstrung by his Herbert Hoover-like devotion to fiscal rectitude: he wants to spend but not add "one dime to the deficit."

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Obama To Focus On Cutting Deficit In 2010, State Of The Union

Politico | Mike Allen and Jim Vandehei | Posted 11.13.2009 | Politics

Read More: Obama Federal Deficit, Obama Domestic Spending, Federal Deficit, President Obama, Government Spending, Obama Federal Budget, Federal Budget, Domestic Spending, Obama Government Spending, Politics News

President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit i...

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White House Looking To Cut Deficit With Extra TARP Cash

wsj.com | By DEBORAH SOLOMON and JONATHAN WEISMAN | Posted 11.12.2009 | Politics

Read More: Taxes, Recovery, House, Bush, Federal Deficit, Afghanistan, Economy, Deficit Reduction, Budget Deficit, Tax Breaks, Troubled Asset Relief Program, Recession, Deficit, Politics, Bailout, Spending Cuts, Spending, Tim Geithner, Iraq War, Tax Cuts, The Fed, Treasury, Hank Paulson, Ben Bernanke, Senate, Tarp, Tax Increases, Politics News

The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal r...

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The Case For More Stimulus: NYT

New York Times | Posted 10.27.2009 | Politics

Read More: Federal Stimulus Funds, Economic Collapse, Federal Deficit, President Obama, Obama Economic Policy, Economic Stimulus, Federal Budget, Federal Stimulus, Unemployment Rate, Recession, Recession Over, Politics News

The consensus among economists is that the recession is over, and, technically, the herd is probably right. Corporate profitability has been boosted b...

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Federal Deficit Is A Triumph Of Fiscal Policy: Stan Collender

Capital Gains and Games | Stan Collender | Posted 10.20.2009 | Politics

Read More: Federal Budget Deficit, Collender Fiscal Policy, Obama Fiscal Policy, Federal Deficit, Economic Meltdown, Federal Budget, U.S. Economy, 2009 Deficit, Collender Deficit, Fiscal Policy, Politics News

Despite the headlines and the page-one, right-hand column, above-the-fold stories in the New York Times and Washington Post on Saturday, I'm not at al...

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Washington Is Nuts

Tony Blankley | Posted 10.15.2009 | Politics

Read More: Health Care Reform, Deficit, Health Care Debate, Federal Deficit, Health Care, Politics News
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.

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Unhappy Fiscal New Year

Rep. Jason Chaffetz | Posted 12.01.2009 | Politics

Read More: Government, Deficit, Government Debt, Fiscal Conservatives, Federal Budget Deficit, Federal Deficit, Federal Debt, Fiscal New Year, Fiscal Crisis, Fiscal Responsibility, Politics News
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.

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America Digs Deeper Into Debt

Michael Pento | Posted 11.22.2009 | Business

Read More: Financial Crisis, Federal Deficit, Economic Recession, Recession, Private Sector, China Debt, Business News
Michael Pento

While the private sector gets its finances in order, the Federal government is increasing its debt at a 28.2% annual rate. And all this borrowing and spending is taking its toll on our currency.

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Republicans Undercut Their Deficit Argument

Byron Williams | Posted 11.20.2009 | Politics

Read More: Obama Federal Deficit, Concord Coalition, Federal Deficit Republicans, Federal Deficit, Politics News
Byron Williams

Republicans have magically rediscovered their concern for fiscal discipline that lay dormant when they were the party that controlled the White House and Capitol Hill for six of the past eight years.

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Federal Deficit Hits $1.38 Trillion Through August

AP | MARTIN CRUTSINGER | Posted 11.11.2009 | Business

Read More: Deficit, Decificit August, Federal Deficit, Economy, Federal Debt, Recession, Business News

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

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It is Time for Congress and the GOP to Get a Grip!

Patricia DeGennaro | Posted 11.11.2009 | Politics

Read More: Federal Deficit, Personal Health, Health, President Obama, Health Care Reform, Health Insurance, Bipartisan, Health Care, Partisanship, Partisan Politics, Politics News
Patricia DeGennaro

Congress seems to be stuck in some partisan twilight zone unwilling to get out of their comfortable bickering and get to work for the American people not themselves.

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Meltdown 101: A Closer Look At The Huge Budget Deficit Estimates

AP | CHRISTOPHER S. RUGABER | Posted 09.24.2009 | Business

Read More: Budget Deficit, Congressional Budget Office, Federal Deficit, Office of Management and Budget, Business News

WASHINGTON — Get ready to hear a lot of huge numbers Tuesday: The Obama administration is expected to boost its estimate of the federal deficit ...

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Warren Buffett's NYT Op-Ed: Federal Debt Poses A Serious Risk To Economy

nytimes.com | WARREN E. BUFFETT | Posted 09.19.2009 | Business

Read More: Gdp, Federal Deficit, Greenback Emissions, Buffett NYT Op-Ed, Warren Buffett, The Greenback Effect, Business News

IN nature, every action has consequences, a phenomenon called the butterfly effect. These consequences, moreover, are not necessarily proportional. Fo...

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Occam's Razor Can Cut Down the Health Care Lobbyists

Gary S. Chafetz | Posted 09.10.2009 | Politics

Read More: National Health Insurance, Electronic Medical Records, Sweden, Jack Abramoff, Cigna, President Obama, OpenSecrets.Org, Catastrophic Health Insurance, Canada, The Health-Care Industry, Aig, General Motors, Nancy Pelosi, Paul Krugman, Pharmaceutical Industry, Aetna, Federal Deficit, Occam's Razor, Lobbyists, United Health Group, The National Debt, Cyberounds.com, Peter Orszag, Single Payer, Cookbook Medicine, Single Payer Health Care, Japan, Blue Cross Blue Shield, France, Chrysler, Dow Jones, Great Britain, Wellpoint, Max Baucus, Medicare, Health Care Reform, Cuba, Holland, Scandanavia, Politics News
Gary S. Chafetz

Private health-insurance and pharmaceutical industry lobbyists are threatening the health and stability of America. Some argue that this is equivalent to crimes against humanity.

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A 3 Question Survey About Fixing Healthcare

Deane Waldman | Posted 09.05.2009 | Politics

Read More: Health Care Is a Right, Healthcare System, Healthcare Financing, Obamacare, Medical Errors, Healthcare, Root Cause Analysis, Healthcare Regulations, Obama Healthcare, Adverse Medical Outcomes, ARRA 2009, America’s Affordable Health Choices Act, Medical Costs, Systems Thinking, Problem Solving, Health Insurance, Health Care Reform, 2009 Recession, Aahca, Universal Health Care, Federal Deficit, Health Information Technology, Electronic Medical Records, Politics News
Deane Waldman

Do not accept the glowing rhetoric of the Bill's advocates or the equally passionate bombast of its opponents. Put aside your personal animus toward who is speaking for or against AAHCA.

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U.S. Credit Rating Safe, A "solid triple-A": Moody's

Yahoo! News | Posted 07.24.2009 | Business

Read More: Triple A, Moody's Sovereign Risk Group, Federal Deficit, Credit Rating, Moody's, Business News

TOKYO (Reuters) -- Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at ...

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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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The Two Trillion Dollar Bailout You Don't Know About

Ben Cohen | Posted 12.21.2008 | Politics

Read More: Economic Bailout, Noam Chomsky, Naomi Klein, Congresional Bailout, Noami Klein, Wall Street Bailout, National Debt, Federal Deficit, Bailout, Economy, Federal Debt, National Deficit, Politics News
Ben Cohen

If you thought the $700 billion bailout was bad, think again. The Federal Reserve is apparently handing out two trillion dollars in loans and it won't disclose where the money is going to.

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Are Voters Cynical on Taxes, or More Grown Up Than Our Leaders?

Scott Bittle and Jean Johnson | Posted 12.14.2008 | Politics

Read More: Tax Cuts, Government Spending, Taxes, Economic Stimulus, Federal Deficit, Barack Obama, Economy, Economic Crisis, Barack Obama Tax Cuts, Spending Cuts and Tax Hikes, Barack Obama Taxes, Tax Hikes, Recession, Federal Budget, National Debt, Federal Budget Deficit, Barack Obama Tax Plan, Spending Cuts, Congressional Bailout, Exit Polls Taxes, Politics News
Scott Bittle and Jean Johnson

Many American have no idea how long the country has been running deficits and they may not have all the numbers at their fingertips, but the general drift has not escaped them.

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