In Search of Budget Sanity: A Dispatch From the Belly of the Beast
At a session on the looming debt crisis comprised of Republicans, Democrats, and others, one of the key findings of the group is that the "process is broken."
At a session on the looming debt crisis comprised of Republicans, Democrats, and others, one of the key findings of the group is that the "process is broken."
Roger Hickey | Posted 12.14.2009 | Politics
Hedge fund mogul Peter Peterson and his Commission on Budget Reform are selling an undemocratic new budget process that would take the responsibility for budget-making away from the president and the committees of Congress.
Paula Forman and Jeff Johnson | Posted 12.10.2009 | Politics
Never in our history have the rich been richer, and the poor been poorer. Never before have the national standards in education dropped so low for so many. Never have we been this sick and paid so much for care.
Eric C. Anderson | Posted 11.25.2009 | World
Guess what, the Chinese are now ready to invest...in apparently anything but more U.S. Treasury notes. A great deal of evidence suggests they are seeking to diversify.
Posted 11.25.2009 | Politics
A bi-partisan commission that would tame the federal deficit by limiting cost-cutting decisions to a select number of lawmakers is gaining traction in...
Eric C. Anderson | Posted 11.23.2009 | World
We have much to learn from Beijing. The Chinese Communist Party wisely crafted a stimulus plan that called for up to 75% of spending be financed by banks and state-owned enterprises -- not the central government.
Patrick Takahashi | Posted 11.24.2009 | Business
The American debt as a percentage of GDP is at around 100%, which is expected to edge up to 101% in 2011, then begin to drop. However, Japan's debt as a percentage of GDP will go to 230%!
New York Times | EDMUND L. ANDREWS | Posted 11.23.2009 | Politics
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...
Nov. 19, 2009 | Jeanne Sahadi | Posted 11.20.2009 | Business
NEW YORK (CNNMoney.com) -- Here's a new way to think about the U.S. government's epic borrowing: More than half of the $9 trillion in debt that Uncle ...
Paul Abrams | Posted 11.06.2009 | Politics
Without a draft, and without a war tax, 99.9% of Americans do not have to sacrifice at all to continue the war. It is too easy for war to become, for 99.9% of us, more like a video game played out on television.
Robert Reich | Posted 11.08.2009 | Business
Wayne Pacelle | Posted 10.26.2009 | Green
The public no longer wants a combination of financial bailouts and government deregulation. But Congress and the U.S.D.A. never seem to have gotten the memo when it comes to Big Agribusiness, especially the pork industry.
Jenna Staul | Posted 11.10.2009 | Business
Some of the nation's most influential lobbies are urging the Senate to lift the nation's debt limit above $12.1 trillion, reports the Hill. An associ...
Wayne Pacelle | Posted 10.19.2009 | Green
Our government actually bails out the pork industry when it overproduces and buys up volumes of surplus pork, typically by dumping these surplus commodities into our nation's schools and food programs.
Michael Pento | Posted 10.16.2009 | Business
The world's reserve currency can't inflate its way to prosperity. The danger of causing a disorderly decline of the dollar is very high.
Dr. Paul Toffel | Posted 09.20.2009 | Politics
Mr. Buffett, you're not in the health insurance market, but this might be the opportunity to bring your successful Berkshire companies to the table, to help solve the major issue of our time.
Alan Schram | Posted 09.16.2009 | Business
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.
Reuters | Posted 09.08.2009 | Business
U.S. Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion statutory debt limit on Friday, saying that it coul...
Julie Farby | Posted 08.29.2009 | World
To show the world we're not going to risk relations with our favorite creditor on account of a couple of crushed Uighurs, Obama dropped the whole human rights spiel in favor of sports!
Garrett Johnson | Posted 08.24.2009 | Business
The amount of money required to bail the world out of the current economic crisis, if this crisis plays out at a historical average, is nearly equal to all the private wealth currently in the world.
Michael de Portu | Posted 08.23.2009 | Business
In this recession, it is unnerving how little attention has been devoted to how American manufacturing firms have been affected.
Sen. Fritz Hollings | Posted 07.19.2009 | Politics
Politics is like cancer -- if you don't catch it in time, you don't have a chance. If the budget deficits and deficits in jobs from offshoring are not caught now, by 2012 we'll give it back to the Republicans.
Anne Dunev | Posted 07.17.2009 | Politics
Most decent people cannot conceive that anyone would profit from knowingly harming others. That is the flaw in capitalism. And that is one reason that evil can exist.
Jill Schlesinger | Posted 07.05.2009 | Business
The so-called "rich" can't be taxed enough to mitigate the coming wave of inflation, nor will increasing taxes on them pay for everything that's currently on the table
Eric C. Anderson | Posted 07.04.2009 | World
Washington is engaged in a seemingly hopeless mission -- convincing our creditors that Treasury notes are still a good investment.
John Milewski | Posted 12.14.2009 | Politics