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Tag: Deficit Reduction


Gage Skidmore (CC BY-SA 2.0)

Republicans Dismiss Obama’s Budget Proposal

Thanks to Speaker of the House John Boehner and his fellow Republicans in the chamber, there is serious legislative opposition to the attack on Social Security that President Obama proposed in his budget plan this week.

Posted on Apr 6, 2013 READ MORE


The Economic Challenge Ahead: More Jobs and Growth, Not Deficit Reduction

Can we just keep things in perspective? On Tuesday, the president asked Republicans to join him in finding more spending cuts and revenues before the next fiscal cliff whacks the economy at the end of the month. Yet that same day, the Congressional Budget Office projected that the federal budget deficit will drop to 5.3 percent of the nation’s total output by the end of this year.

Posted on Feb 7, 2013 READ MORE



Flickr/401(K) 2012

Fiscal Cliff Deal Would Add Trillions to Deficit

Instead of deficit reduction, it appears the fiscal cliff deal that was passed in the Senate early Tuesday morning would only add to the federal government’s budget problems.

Posted on Jan 1, 2013 READ MORE


Why We Should Stop Obsessing About The Federal Budget Deficit

The best way to generate jobs and growth is for the government to spend more, not less. And for taxes to stay low – or become even lower – for the middle class.

Posted on Nov 19, 2012 READ MORE



DonkeyHotey (CC-BY)

On Deadline, No Sign of a Debt Deal

Talks between congressional leaders charged with coming up with a plan by Wednesday to cut the national deficit by $1.2 trillion have descended into squabbling and finger-pointing, suggesting that automatic cuts to domestic programs, Medicare and defense spending—rather than a mix of cuts and tax increases—are inevitable. (more)

Posted on Nov 20, 2011 READ MORE


Chomsky Has Some Advice for the Occupiers

Noam Chomsky had a simple message for protesters at Occupy Boston last month: To change their country, they must first get the public on their side. Then they can make big demands. (more)

Posted on Nov 5, 2011 READ MORE



Flickr / SamPac

Whose Class War?

One week after President Obama proposed his deficit reduction plan, the cries of “class warfare” that escaped the mouths of alarmed politicians and media pundits around the country can still be heard by anyone standing near a radio, television set or computer. (more)

Posted on Sep 29, 2011 READ MORE



White House / Pete Souza

Obama to Announce New Tax Plan for Millionaires

On Monday, President Obama is expected to call for a new minimum tax rate for Americans making more than $1 million a year. The proposal will be called the “Buffett Rule,” after billionaire investor Warren Buffett, who has complained that rich Americans are not paying their fair share in taxes. (more)

Posted on Sep 18, 2011 READ MORE



Flickr / jimforest

The Cost of America’s Wars: Felt but Unknown

How much are American taxpayers paying for the nation’s imperial wars? No one seems to know. But the following article contains a few key figures we would expect to find on the manifest aboard America’s sinking ship of war.

Posted on Aug 17, 2011 READ MORE



Flickr / Center for American Progress Action Fund

Reid and Republicans Make Their ‘Super Committee’ Picks

Senate Democratic leader Harry Reid and Senate and House Republican leaders have announced their selections for the deficit-reduction “super committee.” The 12-person council will attempt to cut about $1.5 trillion in federal spending over the next decade. (more)

Posted on Aug 10, 2011 READ MORE



Flickr / drona

David Brooks to Obama: Chill Out

In the mind of New York Times wise man David Brooks, President Obama and the congressmen he’s negotiating with are equally to blame for the diplomatic trip and fall in last week’s federal deficit talks. (more)

Posted on Jul 27, 2011 READ MORE



Flickr / SpeakerBoehner

Obama Thinks Big, Republicans Balk in Deficit Talks

No visible progress was made during deficit talks Sunday in which President Barack Obama failed to persuade House Republicans to support $4 trillion in cuts over the next 10 years. (more)

Posted on Jul 10, 2011 READ MORE


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Posted on Jul 10, 2011 READ MORE



Flickr / SpeakerBoehner

Boehner Accepts Smaller Deficit Cuts

On Saturday evening, Speaker of the House John Boehner accepted less than he previously asked for in a deficit reduction plan. He slashed the GOP demand for total cuts from $4 trillion to, roughly, the $2 trillion suggested by the White House, and he tentatively agreed to some form of tax increase. (more)

Posted on Jul 9, 2011 READ MORE


Iraq War Costing $5.9 Billion per Month

That’s according to the Wall Street Journal. Also, progressives in Congress want to divert $60 billion in defense spending to humanitarian assistance, social programs, energy conservation, homeland security and deficit reduction.

Posted on Mar 8, 2006 READ MORE


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