Tag Archives: budget

$16 Trillion Debt: Why It Matters

Tom Raum, Associated PressA sea of red ink is confronting the nation and presidents to come.The budget deficit – the shortfall created when the government spends more in a given year than it collects in taxes and fees- is on track to top $1 trillion f…

Thanks to Ryan, Dems Gain Upper Hand

Robert Kuttner, Huffington PostTwo years ago, the Democrats handed the Republicans their two crown jewels — Social Security and Medicare. By targeting Medicare for budget "savings" that could be used to finance what the Republicans called O…

The Magnitude of the Mess We’re In

Shultz et al, Wall Street JournalSometimes a few facts tell important stories. The American economy now is full of facts that tell stories that you really don't want, but need, to hear.Where are we now?Did you know that annual spending by the fed…

How Paul Ryan Would Wreck the New Deal

Konczal & Covert, The NationRepublican vice-presidential pick Paul Ryan is widely considered a leading conservative policy intellectual on welfare and entitlement spending. His budget—loosely adopted by the Republican Party platform&…

Who Built the Recession?

Jeffrey Bell & Rich Danker, Weekly StandardHot Topics: Get alerts when there is a new article that might interest you.Bill Clinton, who rode a recession into office and left the scene just before another one began, knows something about the blame …

Better Off Under Obama? I’d Say So

Froma Harrop, Providence JournalAre you better off today than you were four years ago? Ronald Reagan's 1980 campaign zinger is back in 2012.Let's see. Four years ago … four years ago. That was September 2008. Oh yes, I remember it well.It …

Joe Hansen: The Moral Test of Government

This Labor Day, Mitt Romney and Paul Ryan will pay lip service to America’s workers and talk about their plans to strengthen the middle class. But instead of offering any serious solutions, they have made it clear that they are planning to balance the budget on the backs of America’s workers and the poor.

Robert Kuttner: What Bernanke Couldn’t Quite Say

Today, there is so much public infrastructure in disarray, such a crying need to move the nation to a sustainable energy path, and so great a need for the jobs that could be created by large-scale public investments that more stimulus spending should be a no-brainer. But this alternative is not even being seriously debated. Rather Democratic paths

End of the Era of Bipartisan Big Government

Daniel Mitchell, OC RegisterThanks to several years of fiscal restraint during the 1990s, the burden of federal spending dropped to 18.2% of gross domestic product by the time Bill Clinton left office. The federal budget today consumes more than 24% o…