‘How long the nation could sustain such debt is impossible to predict’
Dagong Global Credit Rating says congressional debt agreement just made likelihood of default more clear
Households with earnings between $500,00 and $1 million would see an average federal tax increase of $13,474
The late budget plan is really an early piece of Obama’s election-day plan for November 2014, say GOP staffers.
President will repeat his call to tax the rich
Economists cast doubt on various tax ‘solutions’ to fix budget woes
Hardworking Americans shouldn’t be demonized for their success.
Increasing business revenues is the most effective way to reduce the debt.
How to starve the beast - TheDC
Mixed conservative reaction to tax deal caused by lack of clarity around deficit impact
Republicans should offer to compromise on the Bush tax cuts in exchange for across-the-board spending cuts.
One of those candidates willing to put forth fiscally-sound ideas that are not necessarily popular is Marco Rubio, who is running for Florida’s U.S. Senate seat
Last week, President Obama celebrated the one-year anniversary of the signing of the stimulus bill with a ceremony in the Executive Office Building. He acknowledged that implementation of the stimulus had not been “perfect” but took particular pride in the efficiency of the stimulus spending given “the scope, the magnitude of this thing”
President Obama has been talking tough on deficit reduction, but many left-leaning pundits and economists warn that such rhetoric will prolong the economic slump. MSNBC host Rachel Maddow warned that Obama’s proposed partial spending freeze was Herbert Hoover’s strategy, while Budget Director Peter Orszag cautioned that FDR’s attempt in 1937 to rein in the deficit prolonged the Great Depression. These warnings may also help prolong the economic slump because they are based on faulty history.
The daily headlines are about jobs, the markets, property values. But underpinning all of those, the fundamental economic issue facing the United States is whether and how to reduce government spending.
When policies fail to reach their stated goal, just move the goal posts. That is the obvious lesson of the new report from the White House’s Council of Economic Advisors (CEA) claiming that last year’s stimulus bill created or saved somewhere between 1.5 and 2 million jobs