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  • deficit spending

    Lies, Damned Lies, and…the Undeniable Truth

    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 … More

    Morning Bell: Christmas in September

    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 … More

    Morning Bell: Big Government Strikes Back

    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 … More

    'We Need Deficits'

    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 … More

    Morning Bell: A 'Dr. No' We Can Believe In

    Today both the The Washington Post and The New York Times have front-page stories on Sen. Tom Coburn’s (R-Okla.) use of legislative “holds” to bring debate on spending priorities back to the U.S. Senate. A “hold” prevents the majority party in the Senate from moving forward on a bill until … More

    Morning Bell: Putting 'Deliberate' Back in 'Deliberative Body'

    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 … More

    Oops, They Want To Do It Again

    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 … More