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Monday, June 26, 2017
Deficit
Guaranteed Job

Calling Trump’s Bluff: A Guaranteed Job For Every American Who Wants To Work

The job guarantee asserts that, if individuals bear a moral duty to work, then society and employers bear a reciprocal moral duty to provide good, dignified work for all. It would finally make real the ideal, stated in Franklin Roosevelt’s “Economic Bill of Rights,” that every American possesses a “right to a useful and remunerative job” and “to earn enough to provide adequate food and clothing and recreation.” Not a paternalistic aid, and not some tribute to aristocratic virtue, but a right to be claimed and exercised

March 25, 2017
Secret Service agents surround Donald Trump during a disturbance as he speaks at Dayton International Airport in Dayton, Ohio March 12, 2016. REUTERS/Aaron P. Bernstein

Trump Health Plan Would Increase Deficit and Leave Millions Uninsured, report says

Trump’s plan would drive up the federal deficit by nearly $500 billion over the next decade and cause 21 million Americans to lose health coverage.

March 14, 2016
President Obama meets with his national security team in Washington

Obama Proposes $4.1 Trillion Spending Plan In Final White House Budget

The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled Congress.

February 9, 2016
Republican elephant

5 Things To Tell Your Republican Relatives At Thanksgiving Dinner

Republicans need to believe that Barack Obama is a failure on par with George W. Bush and nothing you say will change that. But if politics come up at Thanksgiving, make these points for the benefit of your relatives who are not immune to facts.

November 23, 2015

5 Reasons Barack Obama Isn’t George W. Bush

Eventually, Republicans will have to speak to people who think an America that’s safer, stronger and has better access to health care than at any time in our existence in history isn’t all that bad. To prepare them, here are a few reasons why Barack Obama isn’t George W. Bush.

November 9, 2015
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

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

Federal Deficit Lowest Since Great Recession Amid Solid Economic Growth

The new CBO report is full of good economic news.

January 26, 2015
5 Republican campaign promises that Obama fulfilled

5 Republican Campaign Promises (That President Obama Fulfilled)

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

December 30, 2014

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

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

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

October 15, 2014

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

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

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

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

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

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 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

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

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

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

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