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Tag: Deficit

Lines in the Sand

It was refreshing to hear all those unambiguous declarations from President Obama on Wednesday. If ever there were a time when lines desperately needed to be drawn, it’s now.

Posted on Apr 14, 2011 READ MORE


Obama’s Take on Deficit Reduction

During his deficit speech Wednesday, the president called Republican proposals to slash the budget “deeply pessimistic” and said such plans “tell us we can’t afford the America that I believe in and I think you believe in.”

Posted on Apr 13, 2011 READ MORE



AP

Time for a Little Education

I’m a retired teacher and I’m pissed. No matter what form of media I look at, I’m confronted with constant references to the various budget crises. The crises are real, but the search for culprits has degenerated into a hypocritical attempt to score political points.

Posted on Mar 23, 2011 READ MORE



Pat Arnow (CC-BY-SA)

Whose Side Is the New York Times On, Part 2

State personal income in New York in 2009 was $908 billion. Thus a flat tax of less than 1 percent would close the deficit entirely, without any spending cuts.

Posted on Mar 21, 2011 READ MORE


The Policy Bracket

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Posted on Mar 19, 2011 READ MORE


March of the Deficit Pandas

It’s possible to simultaneously worry about the debt and believe in an active and compassionate role for government. In fact, it’s required.

Posted on Mar 16, 2011 READ MORE



AP / Pablo Martinez Monsivais

Afghanistan MIA From Deficit Debate

While Republicans race to cut spending, including outlays for education, health care and social services, they never mention one of the real reasons for the deficit: the cost of the war in Afghanistan and the mess we’ve made in Iraq.

Posted on Mar 15, 2011 READ MORE


The High Cost of a Broken Metaphor

“We’re broke.” You can practically break a search engine if you start looking around the Internet for those words. Just one problem: We’re not broke.

Posted on Mar 13, 2011 READ MORE


When Cuts Don’t Cut It

After slamming Democrats for not focusing on “jobs, jobs, jobs,” Republicans have decided to ignore their own winning message in favor of “cuts, cuts, cuts.”

Posted on Mar 3, 2011 READ MORE


For Governors: Responsibility Equals Invisibility

If you want to get national attention as a governor these days, don’t try to be innovative about solving the problems you were elected to deal with.

Posted on Mar 3, 2011 READ MORE



mn.gov

Minnesota Moves to Make the Rich Pay More

Like most states, Minnesota has a big budget problem. But unlike most states, it’s looking to the well-heeled to help fill the gap. Gov. Mark Dayton plans to attack the state’s $6.2 billion deficit by raising taxes on the rich.

Posted on Feb 26, 2011 READ MORE


Uprisings: From the Middle East to the Midwest

As many as 80,000 people marched to the Wisconsin state Capitol in Madison on Saturday as part of an ongoing protest against newly elected Republican Gov. Scott Walker’s attempt to not just badger the state’s public employee unions, but to break them.

Posted on Feb 22, 2011 READ MORE


The Tea Party Is Winning

We are acting as if the only real problem the United States confronts is the budget deficit, the only test of leadership is whether a president is willing to make big cuts in programs that protect the elderly, and the largest threat to our prosperity comes from public employees.

Posted on Feb 21, 2011 READ MORE


‘Daily Show’: I Like Big Cuts

Could it be a coincidence that the same kinds of programs that, say, certain prominent Republicans are calling to be cut out of the budget are also those that tend to be supported by Democratic voters? Hmmm.

Posted on Feb 17, 2011 READ MORE


Why Do They Hate Social Security?

Among the mysteries of modern politics in America is why so many of our leading pundits and politicians persistently seek to undermine Social Security, that enduring and successful emblem of active government.

Posted on Feb 17, 2011 READ MORE


Obama and the Failure of the Deficit Hawks

The president has proposed some serious spending cuts and some modest revenue increases to keep things stable. This annoys his deficit-obsessed critics. He should smile, let them rage, and go about his business.

Posted on Feb 17, 2011 READ MORE


Budget Cuts

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Posted on Feb 16, 2011 READ MORE


Obama’s Budget: Freezing the Poor

President Barack Obama unleashed his proposed 2012 budget this week, pronouncing, proudly: “I’ve called for a freeze on annual domestic spending over the next five years.”

Posted on Feb 15, 2011 READ MORE


Obama Brings Budget Plan to Captive Audience of Middle Schoolers

President Obama may have picked one of the only places in the country where delivering a speech about his new budget plan would be met with enthusiasm by visiting the Parkville Middle School and Center for Technology in Baltimore ...

Posted on Feb 14, 2011 READ MORE



whitehouse.gov

Obama Plays It Down the Middle

Could President Obama’s newly unveiled budget—which includes, he claims, funding cuts to programs he supports—represent an attempt to win over some conservative constituents before Nov. 4, 2012?

Posted on Feb 14, 2011 READ MORE


Can Obama Be Luke Skywalker?

Welcome to the war over E2I2. The great budget battle of Bill Clinton’s presidency was waged around a slightly different set of initials, also inspired by the “Star Wars” character R2D2.

Posted on Feb 14, 2011 READ MORE



Martha Soukup (CC-BY)

Americans Pay Less in Taxes Under Obama Than Under Bush

According to The Associated Press, “for the third straight year, American families and businesses will pay less in federal taxes than they did under former President George W. Bush. ...” In fact, as a share of gross domestic product, Americans haven’t paid this little in taxes since Harry Truman called the shots.

Posted on Feb 9, 2011 READ MORE


Reagan’s Democrats

As we mark the centennial of Ronald Reagan’s birth, one of our major political parties has become imbued with the Gipper’s political philosophy and governing style. I mean the Democrats, of course.

Posted on Feb 8, 2011 READ MORE


Governor Laser Beam

The man once known as Governor Moonbeam sounded more like Governor Laser Beam when it came to addressing California’s fiscal crisis.

Posted on Feb 2, 2011 READ MORE


Left, Right & Center

‘Left, Right & Center’: Egypt in Revolt, U.S. in Debt, SOTU

When “Left, Right & Center” aired Friday it was still unclear whether Egyptian leader Hosni Mubarak would stay in power as mass protests persisted in the Mideast nation, but show regulars Robert Scheer and Tony Blankley ...

Posted on Jan 28, 2011 READ MORE


All Talk, No Action on Deficit

The president talks the talk about fiscal responsibility. But the evidence suggests he’s not willing to spend the political capital to translate that talk into action.

Posted on Jan 28, 2011 READ MORE


Cow Most Sacred: Why Military Spending Remains Untouchable

In defense circles, “cutting” the Pentagon budget has once again become a topic of conversation. Americans should not confuse that talk with reality.

Posted on Jan 27, 2011 READ MORE


Hu Presents Obama With Counterfeit DVD

In a moving White House ceremony today, President Hu Jintao of China presented U.S. President Barack Obama with a counterfeit DVD of the Hollywood blockbuster “Toy Story 3.”

Posted on Jan 23, 2011 READ MORE



Wikimedia Commons / Office of Management and Budget

Orszag Sees Turbulent Times Ahead

So, the former head honcho of Obama’s Office of Management and Budget, Peter Orszag, is now sitting in a very plush position over at Citigroup, from where he gave his latest economic prognostications in Thursday’s Financial Times ...

Posted on Jan 21, 2011 READ MORE


Fudging the Facts on Health Care and Deficits

Data sets and out-year projections may make everybody’s eyes glaze over, but without accurate information, the end result of legislation is disaster.

Posted on Jan 20, 2011 READ MORE


You’re Welcome

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Posted on Jan 19, 2011 READ MORE


Washington Loves a Paradox

In a Washington circus that features as many morons as oxymorons, we have self-described deficit hawks who promote tax cuts, alleged war opponents who back war escalations and supposed anti-government conservatives who press to expand the National Security State.

Posted on Jan 7, 2011 READ MORE



U.S. Air Force / Staff Sgt. Michael B. Keller

We Really Do Spend More Than $1 Trillion on War

The Pentagon’s budget is only about half of what the U.S. spends on war and defense. If you add costs like nuclear weapons and the medical care of wounded soldiers, the figure tops $1 trillion. Robert Higgs has the math to prove it.

Posted on Jan 5, 2011 READ MORE



Flickr / qmnonic (CC-BY)

Obama Signs Big, Pricey Food Bill

The legislation that President Obama signed Tuesday represents the biggest revamp of the country’s food regulation system in decades—that is, if it gets past those congressional Republicans spoiling for a fight as they pledge to crack down on government spending this year.

Posted on Jan 4, 2011 READ MORE



Wikimedia Commons / U.S. House of Representatives

So Much for Bipartisanship

The GOP is mobilizing to make some big changes over the next two years, including but not limited to the following: taking down health care reform, cutting the budget and attempting to oust President Obama from the White House in 2012.

Posted on Jan 3, 2011 READ MORE


Christmas Present

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Posted on Dec 23, 2010 READ MORE



AP / Senate Television

Low Taxes Are the Problem, Not the Solution

The only way to reduce the uncertainty in our economy right now is to increase taxes. During the Eisenhower years the top tax rate was 91 percent, and there is every reason to return to this rate now.

Posted on Dec 11, 2010 READ MORE


Left, Right & Center

‘Left, Right & Center’: What a Wiki-Week It Was

What WikiLeaks revealed might have embarrassed some bigwigs around the world, but will the released information really hurt U.S. interests? America’s jobs outlook is still heading downward as the unemployment benefits of thousands expire. Does the deficit matter more than people do?

Posted on Dec 3, 2010 READ MORE


Obama Wants to Put Federal Workers’ Wages on Ice

In his latest bid to chip away at our nation’s trillion-dollar deficit, President Obama announced a new proposal Monday to freeze civilian federal employees’ salaries for the next two years, pointing to the need for all Americans to “sacrifice” ...

Posted on Nov 29, 2010 READ MORE



Flickr / Leo Lau (CC-BY)

White House Proposes Federal Pay Freeze

Those greedy bureaucrats sending out Grandma’s Social Security check and cleaning the toilets in our national parks finally will get slapped down, thanks to our honest, hard-working politicians. Republican lawmakers ...

Posted on Nov 29, 2010 READ MORE


The Earmark Sideshow

The facts about earmarks—and the deficit, for that matter—are so simple that even the dumbest birther should be able to understand.

Posted on Nov 18, 2010 READ MORE



White House

La Vie en Denial

I read “Decision Points” and it turns out that George W. Bush is the Edith Piaf of fiscal policy: He regrets nothing.

Posted on Nov 17, 2010 READ MORE


Runaway Military: A Raw Deal at Half the Price

I come not to bury the manifesto issued last week by President Obama’s debt-reduction commission, but to praise the most welcome of its ideas: Slash defense spending along with everything else.

Posted on Nov 16, 2010 READ MORE



Wikimedia Commons

Deficit Commission Under Scrutiny for Outside Ties

On Wednesday, a special task force assembled by the Obama administration to deal with the ever-burgeoning U.S. deficit, aka the National Commission on Fiscal Responsibility and Reform, made some controversial recommendations ... (continued)

Posted on Nov 10, 2010 READ MORE


Message for the Day After

Good afternoon. Well, we got thumped. I’m disappointed, but I continue to believe that our actions were necessary and correct.

Posted on Nov 3, 2010 READ MORE



Flickr / Rob Lee

The Incredible Shrinking Deficit

Republicans pulled off a pretty neat trick, running up huge deficits and then making it their party’s big issue. Not to be outdone, the Democrats have managed to make $1.3 trillion look small. (continued)

Posted on Oct 26, 2010 READ MORE



U.S. Marine Corps / Lance Cpl. Jamean R. Berry

The Imperial Defense of Pentagon Bloat

Beware the sophistry of budget talking points—especially those seeking to deter any criticism of defense spending.

Posted on Oct 14, 2010 READ MORE


A Generation of Termites

The best recent estimates by civil engineers and government experts indicate that we would have to spend well over $2 trillion during the next five years on roads, bridges, airports, railways, transit, sewers, waterways, ports, dams, parks and schools simply to maintain them in decent condition.

Posted on Oct 13, 2010 READ MORE


Afghanistan: A Costly and Brutal Anniversary

Here’s a sobering reminder, from the vigilant filmmakers at Brave New Films, about exactly what has been lost (thousands of Afghan civilians, more than 1,200 U.S. soldiers, over $1 trillion) in the last decade of the war in Afghanistan. Ten years—and at least someone is counting.

Posted on Oct 7, 2010 READ MORE


O’Reilly and Maher Talk Tea Party, Deficit

Bill Maher is one of the non-apathetic, still supportive liberals when it comes to President Obama, and thus Bill O’Reilly brought Maher onto his Fox News show Wednesday for a debate about the tea party, Obama’s opinion ratings and which president is to blame for our staggering deficit.

Posted on Sep 30, 2010 READ MORE


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