While Washington failed to reach the so-called “grand bargain”, it did end up passing a series of significant small deficit reduction bills. Combined with the fact that public health care spending has slowed noticeably over the past several years, the projected long term deficit now appears relatively manageable. Our projected long term deficit has improved remarkably.
|By: Jon Walker Friday June 28, 2013 4:00 pm|
|By: Phoenix Woman Saturday June 8, 2013 7:00 am|
Now that the Reinhardt-Rogoff deficit scare dream team’s been debunked yet again — and this time over a fundamental assumption in their theses, not a mere spreadsheet error — there is no need to freak out over the deficit, unless it’s to ask why we’re still cutting rich folks’ taxes.
|By: spocko Wednesday May 22, 2013 3:00 pm|
I’m really sick of how “the economy” is the stock market. It. Is. NOT. I also know that the constituents of unemployed and underemployed aren’t out there putting pressure on congress or the President.
|By: Jon Walker Wednesday April 24, 2013 8:30 am|
There has already been the Gang of Six, the Bowles-Simpson Commission, the Gang of Eight, the Super Congress, and the Boehner-Obama negotiation. Even though all these previous bipartisan deficit reduction groups failed, President Obama is apparently not going to stop until he cuts Social Security. According to Politico, Obama is pushing for the formation of yet another bipartisan deficit group to work on cutting entitlements
|By: Eli Thursday February 28, 2013 7:00 pm|
This sounds like a fine outside-the-box strategy for scrounging up some extra cash to help
reduce the deficit shore up social programs fix our crumbling infrastructure subsidize more tax cuts for the rich, but it completely overlooks the financial possibilities of naming rights.
|By: Jon Walker Thursday February 28, 2013 9:40 am|
One of the big reasons that deficit hysteria gripped Washington for years despite dozens of more pressing issues is that Pete Peterson has spent the GDP of a small country propping it up. According to Joshua Green, Peterson spent half a billion on this current deficit push and plans to spend a half billion more.
|By: Jon Walker Friday February 15, 2013 1:00 pm|
House Republicans really really really hate new taxes. This is one promise from the GOP I do believe. It seems almost everyone from their base, to their donors, to independent voters believe this. Despite a mountain of evidence the only people who don’t seem to believe this are a small circle of professional grand bargain promoters, the “both sides are always equally to blame” pundits, and President Obama.
|By: Attaturk Wednesday February 13, 2013 1:30 am|
Never mind the good news, the poor and needy must be punished for being poor and needy.
|By: Jon Walker Tuesday February 12, 2013 8:45 am|
Basically all of our long term deficit discussions are based on the assumption of continued health care growth. If a few technologies that are already in development live up to their promise, our long term deficit would basically be eliminated. It is possible Washington is current obsessed with a problem that may not even really exist.
|By: Jon Walker Tuesday February 5, 2013 3:38 pm|
No bad idea supported by President Obama is ever permanently defeated, it is at best simply stopped temporarily. In a statement today about the sequestration cuts Obama wanted to make it clear that the proposed entitlements cuts that he has previously backed are still on the table.