When fully in control of Washington, the Republican Party has traditionally shown no concern for budget deficits. They had no problem passing both unpaid-for tax cuts or huge entitlement expansion on nearly party line votes. As Republican Vice President Dick Cheney famously said, “Deficits don’t matter” –at least as long as Republicans are in the White House.
|By: Jon Walker Saturday January 29, 2011 7:00 pm|
|By: Eli Tuesday December 7, 2010 6:01 pm|
The bond vigilantes have spoken at last!
|By: Dean Baker Monday October 4, 2010 7:15 pm|
The deficit hawks have held up the threat of borrowing from China as an excuse to cut Social Security and Medicare. In reality, the budget deficit has almost nothing to do with borrowing from China.
|By: Dean Baker Friday September 24, 2010 5:15 pm|
The Washington Post really really wants to cut Social Security and can’t resist getting its view in almost every news story that touches on the issue.
|By: Dean Baker Friday August 13, 2010 8:30 am|
Republican Representative Paul Ryan ranks high on the Washington Post’s list of serious budget analysts. Unfortunately, like the Post, he has difficulty with the truth.
|By: Dean Baker Tuesday August 10, 2010 8:47 am|
Public pension funds would not be facing a crisis if economists’ projections of stock returns had been accurate.
|By: letsgetitdone Saturday July 24, 2010 6:00 pm|
These last couple of days, I happened to see a couple of pieces by Robert Borosage. The first of these called “Kick the Old and Disabled to Show We’re Serious About Deficits,” is about organizing and fighting back against the deficit terrorist movement to cut Social Security, and reported that Borosage’s organization, the Campaign for America’s Future, “has joined with 50 other organizations (and growing) representing 35 million Americans to form a coalition”, called “Strengthen Social Security.” He also refers to a panel on Social Security at Netroots Nation that will be “inviting the bloggers across the country to help fend off the assault on Social Security, and join the debate about priorities over the next years.”
|By: Dean Baker Tuesday July 13, 2010 6:40 am|
The International Monetary Fund bears considerable responsibility for the world economic crisis. Rather than own up to their failures, they want to take away your Social Security.
|By: Jon Walker Monday July 12, 2010 1:20 pm|
Growth in real disposable income leading up to an election is a near-perfect predictor of how the incumbent party will do, says Ezra Klein in a perceptive article. This close correlation should not be surprising. People judge the majority party based on how much their personal economic standing has improved or deteriorated, as well as their friends’ and family’s.
It is always the economy.
|By: Dean Baker Thursday July 1, 2010 6:50 am|
Erskine Bowles, the Democratic co-chair of President Obama’s deficit commission would apparently subordinate economic growth and kill jobs because of his worship of the number 21.