Some members of Congress who may have signaled support for “serious deficit spending” earlier in the week seem to have toughened their stance after news of just how serious the deficit looks to be. To help Congress begin the spending cuts, we’ve started a list of non-essential government spending that …
Government spending does not create economic growth. Regrettably, many in Congress, Republicans and Democrats alike, have ignored this fact. Just today, Senator Judd Gregg (R-NH), declared in his Wall Street Journal op-ed How to Make Sure the Stimulus Works that, “it is fairly obvious that serious deficit spending is needed …
Most people are skeptical about statistics, claiming that mathematically-minded people just bend numbers to their will. But when it comes to long term budget projections, economists from the left, right, and center all agree we on an unsustainable course, and that the entitlements—Social Security, Medicare, and Medicaid—are the main driver …
For most Americans, there are 100 shopping days left until Christmas. But for the special interests in Washington, there are only 10 shopping days left with Congress tentatively set to adjourn for the year on Sept. 26. One would hope the financial turmoil on Wall Street would give legislators pause …
ST. PAUL — After two conventions, three cities, 11 days and more than 16 panel discussions, a pretty clear picture emerges on the different directions conservatives and liberals want to take the country. Conservatives recognize we live in a global economy from which we cannot afford to retreat. It’s a …
DENVER — American Prospect editor Robert Kuttner doesn’t just foresee huge new deficits in Barack Obama’s administration. He is cheering for them. At an afternoon panel in the Big Tent titled, “Take Back America: The Economy,” Kuttner said, “We need deficits.” Kuttner explained that they are necessary when “an economy …
On Sunday the New York Times profiled Diane McLeod, a 47-year-old single mother working two jobs, who by her own admission acknowledges she spent too much money shopping to make herself feel better without reflecting on how it would impact her future. Commenting on reader reaction to the article, former …
This past week, Speaker Nancy Peolsi (D-CA) announced she wants to push another $50 billion in deficit spending through Congress for economic stimulus. This is on top of the $106 billion in stimulus payments the government is still sending out to Americans. This January Pelosi promised that the first $106 …
