US Budget

How Americans Would Prefer To Reduce The Deficit

Reuters | Posted 04.18.2012

Read More: Taxes, Video, Senate, 2012 Elections, Federal Budget Deficit, Budget Cuts, President Barack Obama, Reuters, Warren Buffett, US Congress, Government Programs, US Budget, Buffett Rule, Business News

April 17 (Reuters) - Cutting government programs is favored as the way to reduce the U.S. budget deficit by more than twice as many Americans as tho...

Read Whole Story

Military Funding vs. Funding for the Arts: What Does the Difference Say About American Values?

Brendan McMahon | Posted 03.31.2012

Read More: Winston Churchill, Department of Defense, Opera, Employment, Mitt Romney, Theater, Nea, UK Arts, Arts Funding, Arts News, Mitt Romney 2012, Unemployment Crisis, Arts, Newt Gingrich, National Endowment for the Arts, Republican Party, US Budget, Arts Education, Arts News
Brendan McMahon

If we as Americans are so willing to grossly over-fund our military and defund our arts, our deepest expression of ourselves both at home and abroad is simply an expression of war.

Read Post

GRAPHIC: Explaining The Federal Budget Deficit

The Huffington Post | Posted 12.13.2011

Read More: Taxes, Debt, Government Revenue, Gdp, Budget, US Federal Deficit, Government Spending, US Budget, Congressional Budget Office, Gross Domestic Product, Business News

Since as early as August, it's been clear that the United States federal deficit would top $1 trillion in 2011 for the third year in a row. At 8.7 per...

Read Whole Story

U.S. Budget Balanced in Giggling Baby Video's Comments Section

Pablo Andreu | Posted 02.08.2012

Read More: Federal Budget Deficit, Comedy News, Satire, U.S. Budget, Comedy News
Pablo Andreu

These anonymous YouTube-goers managed to uphold fiscal responsibility without compromising critical social programs -- a feat that has evaded Republican and Democratic politicians for years.

Read Post

Thoughtless Doubts in Debt Ceiling Debate Could Lead to Disaster

Dana Radcliffe | Posted 09.26.2011

Read More: Debt Ceiling, Budget Deficit, Congressional Republicans, U.S. Budget, Jim Demint, John Boehner, Politics News
Dana Radcliffe

The U.S. government's solvency after August 2 may well depend on who prevails in a sharply partisan debate about how bad a default would be for the economy -- ordinarily the sort of issue politicians leave to experts

Read Post

Obama Holds the Cards -- If He Will Play Them Well

Robert Kuttner | Posted 09.23.2011

Read More: Debt Ceiling, 14th Amendment, U.S. Economy, Gang of Six, U.S. Budget, Barack Obama, John Boehner, Politics News
Robert Kuttner

At some point this week, stock and bond markets will begin to start swooning, and the usual wise guys will begin making high-risk bets at the expense of financial stability as a whole. Obama will be revealed to be holding more of the cards -- if he starts playing his hand well (for a change).

Read Post

U.S. To Dramatically Slash $80-Billon Tech Budget

New York Times | Posted 09.19.2011

Read More: Budget Cuts, Tech Budget, Technology Buget, u.s. Data Centers, U.S. Budget, Federal Budget, Technology News

The federal government plans to shut 40 percent of its computer centers over the next four years to reduce its hefty technology budget and modernize t...

Read Whole Story

Crisis Averted: Long Division Ace Fixes U.S. Budget

Pablo Andreu | Posted 09.14.2011

Read More: Senate Budget Committee, Comedy News, Default, US Budget, Satire, Barack Obama, Debt Default, Comedy News
Pablo Andreu

Aaron Ryder, a schoolboy from Raleigh, North Carolina, today solved America's debt crisis by applying long division best practices to the country's budget.

Read Post

Titanic Economics

David M. Abromowitz | Posted 09.08.2011

Read More: Economy, U.S. Budget Deficit, U.S. Budget Cuts, Budget Cuts, U.S. Budget, U.S. Financial Crisis, u.s. Deficit, Economic Inequality, Budget Deficit, Recession, National Deficit, Politics News
David M. Abromowitz

The choices being made today by leaders in Washington will determine if the titanic U.S. economy stays afloat or sinks further underwater. Choices that tilt in favor of the wealthy would come at the expense of those who are most vulnerable.

Read Post

Obama's Deficit Plan May Mark Turning Point, Moody's Official Says

Bloomberg | John Detrixhe | Posted 06.13.2011

Read More: Deficit, Federal Deficit, Budget Cuts, Federal Debt, Steven Hess, Plan, Obama Deficit, U.S. Budget, Moody's, Treasuries, Business News

President Barack Obama's plan to cut $4 trillion in cumulative deficits within 12 years may be a "positive" for the nation's credit quality and mark a...

Read Whole Story

Shining Star Spotlights on Places We Might Not See

Manisha Singh | Posted 05.25.2011

Read More: Angelina Jolie, Bono, George Clooney, Global Poverty, Foreign Aid, Ben Affleck, US Budget, United Nations, World News
Manisha Singh

Many activists appear before policy makers urging increased funding for foreign aid causes. One of the key things to remember is what Mr. Clooney said -- money is not always the answer.

Read Post

If My Child Put a Teacher in the Crosshairs of a Gun on a Website He'd Be Expelled

Michealene Cristini Risley | Posted 05.25.2011

Read More: Arizona Shooting, Gun Control, Solving America's Problems, Health Care, US Budget, Sarah Palin, Impact News
Michealene Cristini Risley

There, I said it. It's true. However, with the past few weeks hoopla and game-playing around the Arizona massacre, I did an experiment with the head...

Read Post

Budget Showdown Pushed Back To March

AP | ANDREW TAYLOR | Posted 05.25.2011

Read More: Budget Showdown, Budget, US Budget, Federal Budget, Government Spending, Stopgap Spending, Government Shutdown, Politics News

WASHINGTON — Congress cleared a stopgap funding bill Tuesday to keep the federal government open into March, a temporary truce until Republicans...

Read Whole Story

House Democrats Unveil Massive Budget Bill

AP | ANDREW TAYLOR | Posted 05.25.2011

Read More: Budget, US Budget, House Budget Bill, Democrat Budget Bill, Federal Budget, Budget Proposal, House Budget Proposal, Politics News

WASHINGTON — Democrats controlling the House muscled through legislation Wednesday night that would freeze the budgets of most Cabinet departmen...

Read Whole Story

Turned Off

Sen. Fritz Hollings | Posted 05.25.2011

Read More: Deficit, Larry Summers, Corporate Tax, Budget, Tim Geithner, Shelby, Japan, Protectionism, US Budget, China, Trade War, Politics News
Sen. Fritz Hollings

With imports soaring, we're stimulating the production of China, not the US. The Obama administration refuses to enforce our trade laws to protect the economy and change our tax laws to promote exports.

Read Post

Seance on Wall Street

Dean Baker | Posted 05.25.2011

Read More: Budget Deficit, Stimulus, Medicare, Wall Street, Social Security, U.S. Budget, Budget, Business News
Dean Baker

Those who want fantastic stories about the unknowable would be much better off visiting people who promise to communicate with the dead than listening to the Wall Street spokespeople.

Read Post

The Budget Debate for Grownups

Scott Bittle and Jean Johnson | Posted 05.25.2011

Read More: Miles Rapoport, John McCain, Robert Reich, Brookings Instituion, Budget, Baby Boomers, U.S. Budget, Douglas Holtz-Eakin, Business News
Scott Bittle and Jean Johnson

If we continue doing nothing, in about 35 years, the government will have no money for anything other than Medicare, Social Security and interest on the money we've already borrowed.

Read Post