The deficit is now down to under 3% of GDP, and in contemplating that fact, Paul Krugman asks why the deficit hawks aren’t celebrating the precipitous fall from nearly 10% of GDP a few years ago.
|By: letsgetitdone Saturday October 11, 2014 6:40 pm|
|By: letsgetitdone Thursday February 20, 2014 3:55 pm|
On Valentine’s Day, Senator Bernie Sanders sent a letter to the President, authored by himself and signed by 15 other Senators, all Democrats. The letter was a response to the rumors that the President intends to include his Chained CPI proposal to cut Social Security benefits in the budget he will soon send to Congress.
|By: letsgetitdone Saturday February 15, 2014 11:15 am|
Paul Krugman can’t explain why the deficit issue has suddenly dropped off the agenda.
|By: Jon Walker Friday June 28, 2013 4:00 pm|
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: 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.