A funny thing happened while Washington debated how Medicare benefits must be cut to reduce long-term projected spending. Three years of extremely slow growth naturally reduced projected Medicare spending by a substantial amount. According to the Center on Budget and Policy Priorities, projected Medicare spending is now roughly half a trillion lower than it was when the deficit mania first started a few years ago.
|By: Jon Walker Thursday February 21, 2013 5:57 am|
|By: Jon Walker Friday April 6, 2012 8:30 am|
If you are truly worried about the budget deficit, which is an idiotic thing to actually be worried about at a time of incredibly low government borrowing rates and high unemployment, the place to start would be looking at the basic outline of the federal budget.
|By: Yves Smith Sunday June 5, 2011 6:00 am|
I’m surprised that my post, “Bribes Work: How Peterson, the Enemy of Social Security, Bought the Roosevelt Name” has created a bit of a firestorm within what passes for the left wing political blogosphere. It has elicited responses from Andy Rich of the Roosevelt Institute, Roosevelt Institute fellow Mike Konczal, as well as two groups only mentioned in passing in the piece, the Economic Policy Institute and the Center on Budget and Policy Priorities.
|By: Glenn W. Smith Sunday May 29, 2011 9:30 am|
It’s a shocking historical juxtaposition. The pro-democracy movement known as the Arab Spring is in significant part a consequence of rising literacy and declining birth rates in the Mideast. Meanwhile, in the U.S., the Right is mounting a direct assault on education and a renewed war on contraception. This ought to tell us something.
|By: Scarecrow Friday January 21, 2011 4:30 pm|
It appears the NYT worries it may lose the fact-free deficit hysteria propaganda market to the Washington Post, so today’s Times has a front page article suggesting public employee retirements benefits are so out of control we need to push states into bankruptcy.