Tag Archives | debt
Sen. Mike Crapo speaks to reporters about Simpson-Bowles debt commission in late 2010.

More Reasons Why Fixing the Debt Crisis Is Hard

The drumbeat of worry is growing as the US approaches the fiscal cliff, when the Bush tax cuts and Obama payroll tax cuts expire and automatic spending cuts kick in just as Congress debates extending the debt ceiling yet again.… More…

Congressional supercommittee meets in October 2011

Domestic Spending Already Has Been Cut–a Lot

When you listen to former Gov. Mitt Romney and other Republicans on the campaign trail, you’d think federal spending is out of control and still growing.  And, in a curious bit of jiu-jitsu, some even say that’s holding back the … More…

Sen. Jeff Sessions

Disability’s Boom Creates a Quiet Crisis

Republicans on the Senate Budget Committee, led by Sen. Jeff Sessions of Alabama, have released some disturbing statistics on the number of people who collect Social Security Disability Insurance, or SSDI, benefits.

That number has been growing so fast that … More…

Former President George W. Bush

The Curse of the Bush Tax Cuts

Updated July 15, 2012

It’s the summer of 2012, President George W. Bush has been out of office for 3 ½ years, and  the biggest issue of the presidential campaign is whether to keep his signature tax cuts, which were … More…

Fed Chairman Ben Bernanke testifies before Congress in 2011

Four Things We Got Right and Europe Didn’t

You hear it a lot in some circles: The US is heading down the same road as Greece, a basket case of an economy with huge debt and no hope.

And if we don’t address entitlement spending—primarily Medicare and Medicaid—our … More…

Paul Krugman speaks in San Francisco.

Krugman Vs. Rogoff on Austerity and Growth

Nobel Prize-winning economist and New York Times columnist Paul Krugman doesn’t suffer fools—or Republicans—gladly, especially if their arguments cut close to his deeply held Keynesian beliefs.

That’s why he’s engaged in brass-knuckles academic guerilla warfare with maybe the fastest rising … More…

President Obama at UNC

Education Slowdown Endangers the American Dream

A stunning article in The Wall Street Journal Thursday by David Wessel and Stephanie Banchero said  the educational gap between US children and their parents has narrowed dramatically.

“When baby boomers born in 1955 reached age 30, they had … More…

Tea Party Rally

Romney Will Dance to the Tea Party’s Tune

A newly energized Mitt Romney hit the campaign trail, brimming with confidence, the travails of the horrible Republican primary race now behind him.

“Start packing,” the former Massachusetts governor told President Obama in an interview with Diane Sawyer of ABC … More…

President Obama Signs Health Care Reform

Picking Up the Pieces on Health Care Reform

The nine justices of the US Supreme Court probably cast their votes Friday on whether the Patient Protection and Affordable Care Act is constitutional.

And while no one can predict how the Supreme Court will vote based on oral arguments—everybody … More…

President talks about jobs & the economy

The President May Be Peaking Too Early

President Obama has been on a roll of late.

Unemployment has fallen steadily to 8.3%, and we’ve had 24 consecutive months—two years—of private sector job growth. The rate itself is much higher than previous presidents have faced going into re-election, … More…