Paygo

This month the Republicans took a stand against tax cuts because of the fiscal implications of those cuts. For the first time in recent memory, Milton Friedman and the Republican Party of my grandfather were redeemed. This was a significant point that should not be lost.

Repealing the new national health care reform law will explode the national deficit by $230 billion by 2021. Tea Partiers must be pretty sore at these charlatans of fiscal conservatism.

New House leaders who are claiming to be fiscally responsible should be held accountable for proposing to ignore their own fiscal rules before the sign is changed on the Speaker's office door.

Tea Party acolytes had among their core message two principles: First, Congress should move quickly to end out of control deficit spending. Second, Congress should stop lying to the American people. Well, so much for that election.

Failure to plan is a big part of the BP disaster, and a big part of DC's as well. The culpability of BP's management is minor compared to elected officials who won't control spending, but instead push the debt onto Generation X.

Progressives understand that growing debt and interest payments, unless curtailed now, will eat up money that should go to the long-term investments that matter most, like clean energy, education and health care.

Late yesterday Obama met with a gaggle of legislators to tell them he has no intention of ending the disastrous and pointless occupation of Afghanistan. It was a bit of bipartisan bonhomie: the blind leading the lame.

The deficit debate in Washington misses the fundamental point, said House Speaker Nancy Pelosi (D-Calif.) on Tuesday, arguing that the primary objecti...

The idea behind PAYGO is simple: our country, like any family struggling with deep credit card debt, must start paying for what it buys.

In the new economy emerging out of the calamity, we need progressive tax reform and increased public investment. This week, progressive legislators will try to figure out where they stand on this.

WASHINGTON — President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the...