WASHINGTON -- Companies in the Fix the Debt coalition, which advocates for federal austerity policies, qualified for $1 billion or more in tax breaks ...

Reinhart and Rogoff seem to be correct in one basic respect: Economic growth does seem to be lower in very-high-debt countries. But the entire debate over their paper's flaws begs the central question of cause and effect. Is growth lower because of the high debt? Or does cause-and-effect the other way around?

WASHINGTON -- Late in 2012, the Committee for a Responsible Federal Budget (CRFB), the leading organization promoting a grand budget bargain that incl...

A few dozen visitors went to the White House on Friday for what may prove to be the final spin through the presidential palace on the government's dim...

Want to straighten out the nation's finances, eliminate poverty, and end the income tax? Easy. Tax financial trades.

There are two sides to the deficit idiocy. Firstly, the completely inexcusable conflation of the deficit and the debt, and, secondly, the total failure to acknowledge actual deficit reduction. As a result, deficit hysteria is based on nearly unprecedented stupidity and deliberate deception.

Tea Party Rep. Louie Gohmert (R-Texas) said this week that his generation's contribution to the national debt is "one of the most immoral things" the ...

The "sequester" -- mindless, across-the-board spending cuts designed purposefully to be abhorrent to both political parties -- now seems likely to go into effect on March 1. The sequester cuts added to spending cuts and tax increases already scheduled will slow growth and cost jobs. Government austerity has already contributed to the worst recovery in post-World War II history. Why would the U.S. repeat this folly, despite warnings from the IMF and Federal Reserve officials? Every calamity has many authors -- Obama's premature turn to deficit reduction in 2009, the Tea Party zealots, a hapless and clueless Republican congressional leadership and more. One major contribution comes from the money and monomania of Pete Peterson, a Wall Street billionaire who has committed about half a billion bucks rousing hysteria about deficits and debt.

It appears that initially the Obama administration miscalculated the depth and fury of the opposition to this mandate.

The line of argument used consistently by fact checkers is that the Social Security is currently taking in less in revenue than it is paying out in benefits. This deficit must be financed by borrowing. Here is what the fact checkers have overlooked.

WASHINGTON — The Afghan war effort eventually would be harmed by across-the-board budget cuts, even as the Obama administration intends to shiel...

Sen. Marco Rubio (R-Fla.) criticized the recent vote to temporarily suspend the debt ceiling on Wednesday, claiming that the House of Representatives ...