Deficit To Soon Skyrocket To Historic World War II Heights

Business | Jonah Bennett

‘How long the nation could sustain such debt is impossible to predict’

Chinese agency downgrades US debt, despite budget deal

Business | Tim Cavanaugh

Dagong Global Credit Rating says congressional debt agreement just made likelihood of default more clear

Analysis: Top 1 percent to pay two thirds of Obama tax hike - TheDCNF

Politics | Betsi Fores

Households with earnings between $500,00 and $1 million would see an average federal tax increase of $13,474

Conservatives: Obama's budget plan a 2014 vote gambit

Business | Neil Munro

The late budget plan is really an early piece of Obama’s election-day plan for November 2014, say GOP staffers.

Obama budget predicts $1.3T deficit for 2012 - AP

Business | admin

President will repeat his call to tax the rich

Can higher taxes reduce the deficit? - TheDC

US | Neil Munro

Economists cast doubt on various tax ‘solutions’ to fix budget woes

Tax-cut politics live in strange places

Energy | Pete Sepp

Hardworking Americans shouldn’t be demonized for their success.

How to reduce the national debt without raising taxes or cutting spending

Opinion | Michael Sekora

Increasing business revenues is the most effective way to reduce the debt.

How to starve the beast - TheDC

Politics | Jon Ward

Mixed conservative reaction to tax deal caused by lack of clarity around deficit impact

It's the spending, stupid

Opinion | Wesley Messamore

Republicans should offer to compromise on the Bush tax cuts in exchange for across-the-board spending cuts.

Rubio is on the right track to a balanced budget

Opinion | Cesar Conda

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

Legacy of the Stimulus

| AJ

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”

Another Roosevelt? More like Barack Hoover

Opinion | Robert P. Murphy

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.

Slash expenditure to balance the budget

Opinion | Jeffrey Miron

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.

White House Report Claims Stimulus Success-Despite 3.5 Million Job Losses

| AJ

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