Tuesday, July 7, 2015
Deficit
Money, World, Iraq, Loans, Deficit, Islamic State, War, Baghdad, Debt, Reconstruction, Infrastructure

Defeating Islamic State Leaves Big Bill Iraq’s Struggling To Pay

While fighting to keep Islamic State out of the country, the Iraqi government seeks to rebuild the country’s infrastructure, its quality of life, and relieve its $25 billion fiscal deficit.

May 12, 2015
Governor Robert Bentley, AEMA Director Art Faulkner and FCO Mike Byrne discuss tornado recovery (Alabama EMA via Flickr)

Deficits In U.S. States Have Alabama’s Governor Risking Career

Many Republican governors are out of options — and turning to tax hikes.

March 3, 2015
President Barack Obama promotes a new health care program - DC

Defense Concerns Revive Obama’s Call To End Sequestration Budget Caps

President Obama has some new weapons in his fight to increase the federal budget.

January 30, 2015
Obama visits Lawrence, Kansas

Federal Deficit Lowest Since Great Recession Amid Solid Economic Growth

The new CBO report is full of good economic news.

January 26, 2015
Henry Decker, politics, slideshow, Barack Obama, Newt Gingrich, Mitt Romney, Paul Ryan, Tim Pawlenty, unemployment, gas, deficit, GDP, economy

5 Republican Campaign Promises (That President Obama Fulfilled)

By Republicans’ own standards, Barack Obama has been a wildly successful president.

December 30, 2014
Doug Elmendorf

Will The GOP Turn The CBO Into A Fantasy League?

Republican plans to cook the books bode poorly for future policy discussions.

December 23, 2014
Treasury

U.S. Budget Deficit Shrinks To Lowest Level Since 2008

Is this good news budget hawks bad news for the economy?

October 15, 2014
Money

Deficit Dips, But Long-Term Federal Budget Outlook Remains Dim

By Lisa Mascaro, Tribune Washington Bureau WASHINGTON — The federal deficit continues to decline thanks to budget cuts, slower growth in Medicare costs and increased tax revenue, but the nation’s long-term fiscal outlook remains troubled, according to a report Wednesday from the Congressional Budget Office. At $506 billion for fiscal 2014, the federal deficit is […]

August 27, 2014
Social Security, Taxpayers, Taxes, Safetynet, Retirement

Social Security’s No-Bad-News Day

By Michael Hiltzik, Los Angeles Times The annual trustees reports for Social Security and Medicare customarily give rise to an outburst of disinformation from the enemies of social insurance programs — that comes with the territory when you’re putting out hundreds of pages densely packed with graphs, charts and statistics. There may be less of […]

July 31, 2014
Eric Cantor

House Republicans Vote To Reverse Billions In Deficit Savings

On Wednesday, the House — by a vote of 230-188 — passed one of the six “tax extenders” bills recently approved by the Ways and Means Committee. The measure, which accounts specifically for research and experimentation tax credit, could have served as a rare example of bipartisanship: both Republicans and Democrats support the broad ideas […]

May 7, 2014
L. Allen Brewer

Democrats Cry Foul Over Tax Break That Would Raise Deficit

BY DAVID LIGHTMAN AND KEVIN G. HALL, McClatchy Washington Bureau WASHINGTON — Republicans in the House of Representatives are expected to rally Wednesday around a business tax break that’s likely to cost the government $155.5 billion over 10 years. They’d do it without offsetting spending cuts or tax increases. Most lawmakers have long decried such deficit spending, a […]

May 7, 2014
Photo: Gage Skidmore via Flickr

WATCH: Rand Paul Says Jimmy Carter Was Better For Economy Than Ronald Reagan

Senator Rand Paul (R-KY), a likely 2016 presidential candidate, has some explaining — and penance — to do. On Wednesday, Mother Jones dug up some old videos of the self-proclaimed libertarian slamming Republican hero Ronald Reagan’s economic policies for increasing government spending and debt. In 2007, while stumping on behalf of his father’s presidential campaign, […]

April 23, 2014
Paul Ryan

Meet The New Paul Ryan, Same As The Old Paul Ryan

Over the past several months, Rep. Paul Ryan (R-WI) has attempted to rebrand himself from an austerity-obsessed weak link in Mitt Romney’s 2012 presidential campaign to the Republican Party’s foremost anti-poverty warrior (with limited success, at best). But as Ryan’s latest “Path to Prosperity” budget plan makes clear, the House Budget Committee chairman’s priorities have […]

April 1, 2014
3-19-14bud-f1

5 Reasons The U.S. Deficit Has Fallen By Nearly $5 Trillion (And Why That’s A Bad Thing)

But as much as Republicans say they care about the deficit, they are not willing to raise one dime in taxes to make a deal to cut it.

March 19, 2014
Obama budget

Obama Unveils Election Year ‘Growth And Jobs’ Budget

Washington (AFP) – President Barack Obama on Tuesday proposed a budget for the coming fiscal year that had less to do with managing U.S. finances than with stemming Democratic losses in congressional elections. The mildly expansionary $3.9 trillion plan will not pass Congress unscathed, but Obama will use it as a platform to underline his […]

March 4, 2014

5 Examples Of How The GOP’s Deficit Obsession Is Complete B.S.

After years of ranting about the deficit, Republicans celebrated the news that it had been cut by almost two-thirds by completely ignoring it and finding some other disingenuous talking point to rant about. The reduction in America’s budget overruns comes largely from the ending of some of the Bush tax breaks for the rich and […]

February 5, 2014
John Boehner spending

Federal Deficit Dips Again, But Long-Term Outlook Remains Tough

WASHINGTON — The federal deficit is likely to continue its slide — to a lower-than-expected $514 billion for 2014, the nonpartisan Congressional Budget Office reported Tuesday. Down from last year’s $680 billion, the current deficit projection would mark the lowest level since President Barack Obama took office. However, the nation’s sluggish economy still poses long-term […]

February 4, 2014
Boehner RS

Republicans Finalize Hostage Demand, Public Prepares To Blame Them For Default

House Republicans have narrowed their debt ceiling strategies to two demands, neither of which have anything to do with actually reducing America’s debt. In exchange for a one-year extension of the debt ceiling so the Treasury can pay debts Congress has already voted to take on, Republicans want the repeal of Obamacare’s risk corridors, according […]

February 4, 2014
Money 427x321

Deficit Reduction Drops As A Public Priority, New Poll Shows

David Lauter, Tribune Washington Bureau WASHINGTON — For the first time since President Obama took office, reducing the federal deficit has slipped as a priority for most Americans, particularly his fellow Democrats, according to a new in-depth study of public attitudes. That shift corresponds with the president’s view. In his State of the Union speech […]

January 27, 2014
Capitol Building

5 GOP House Seats That Democrats Can Steal In 2014

AFP Photo/Jewel Samad Although most analysts predict that the Republican Party will keep its House majority in the 2014 elections, Democrats still have a real chance of making gains. As MSNBC’s First Read points out, Republican representatives are leaving office in five districts where President Obama won at least 48 percent — suggesting that Democrats have […]

January 7, 2014
California, National News, Memo Pad, Deficit, Budget, Surplus, Voters, Gun Laws, Taxpayers

5 Reasons California Went From A $42 Billion Deficit To A Surplus

With a little democratic reform and a lot of civic participation, California made change happen fast.

June 5, 2013
Ronald Reagan, Bob Dole, GOP, Tea Party, Divide, Party Lines, Gun Reform, Israel, Immigration, Deficit, Taxes

5 Reasons Ronald Reagan Couldn’t Make It In Today’s GOP

Reagan would have no chance at becoming party leaders in the Tea Party era.

May 27, 2013

Most Americans Support Tax Increases To Reduce Deficit

We know that President Obama wants tax increases as part of the deficit reduction plan, and we know that Republican politicians vehemently do not want them. But what does the general public want? Bruce Bartlett compiled data from 27 national polls conducted between November 2010 and Sept. 16, 2011. The results? A whopping average 64.5 […]

September 20, 2011

What Does Obama’s Speech Mean For The Supercommittee?

President Obama announced his $3 trillion deficit reduction proposal today, which has many on the left praising the president’s willingness to tax the wealthy and many on the right grumbling. But what does this mean for the 12 members of the “supercommittee” tasked with reducing the deficit? Obama said in his speech today, “I will […]

September 19, 2011

“Super committee” Inspires Little Confidence

Congressional leaders have begun naming their selections for a powerful “super committee” that will search for ways to slash $1.5 trillion from the deficit before Nov. 23. The super committee — which was established in the last-minute deal to raise the debt ceiling and avoid a default by the U.S. government — will consist of […]

August 10, 2011
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