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US Deficit Reduction

Pander Bears

Robert Kuttner | Posted 12.21.2012 | Politics
Robert Kuttner

We have plenty of debate on whose budget numbers are fishy (Romney's) and on whether to bring about deficit reduction by slashing social spending to pay for even more tax cuts (Romney) or whether to have a mix or budget cuts and tax increases on the wealthy (Obama.) Of the two positions, Obama's is both the more sensible and intellectually honest. But the Democrats are mistaken when they argue that the deficit needs to be cut any time soon. With the economy weak, we certainly don't need $2 trillion in spending cuts as Obama proposes; if anything, we need more stimulus spending.

Moody's Warns U.S. Must Stay Serious About Deficit Reduction

Posted 11.23.2011 | Business

NEW YORK - Moody's Investors Service on Wednesday warned that its top credit rating for the United States could be in jeopardy if lawmakers backtr...