Tag: deficit

Sen. Michael Bennet today questioned Federal Reserve Chief Ben Bernanke on how to address U.S. debt and deficit. Bennet also asked Bernanke for his thoughts on the work of the deficit commission.

Overall taxpayer money delivered to the Pentagon and its contractors in 2010 will add up to well more than an all-time record-breaking $1.01 trillion. As has been widely reported, Defense Secretary Robert Gates asked the new fiscal-conservative Republican Congress to consider cutting the Pentagon budget by $80 billion over the next five years, meaning the Defense budget will still rise in that time but not by as much as it would have done. Republicans derided the proposal, arguing that the country was at war and that there was plenty of spending to be cut elsewhere. As the 112th conservative Congress got underway, Colorado GOP Rep. Doug Lamborn, for example, introduced two bills that would strip public broadcasting of roughly $500 million per year. Lamborn's bills won't pass. China meantime is serious about taking over the reins of the world economy. It is spending a fraction of what the U.S. spends on Defense and double what the U.S. spends on the clean energy technologies of the future-- and it is selling those technologies and its expertise in creating them to customers around the world including to the cash-strapped U.S.A.

Pres. Obama announced Monday night that the White House had struck a deal with Capitol Hill Republicans to end the Democratic-Republican standoff preventing the extension of full Bush tax cuts on one hand and unemployment insurance on the other. Despite public railing and hand-wringing over the deficit, Washington will give out cash both to the wealthiest Americans and to the unemployed.

Famous anti-big-government libertarian Texas Rep. Ron Paul Tuesday called on Congress to vote against increasing the national debt limit. Paul voted against raising the...

Our Fiscal Security, a partnership of progressive policy organizations Demos, the Economic Policy Institute and the Century Foundation, unveiled a deficit reduction plan Monday,...

Lawmakers, including Republicans who have been in Washington for decades, are extremely concerned this year with the nation's budget deficit. Part of that concern...

In swing-state Colorado, as elsewhere across the nation, the size of the budget deficit and government spending have dominated 2010 election campaign rhetoric. The race in Colorado for U.S. Senate between Democratic Senator Michael Bennet and Weld County Republican D.A. Ken Buck has been so far shaped by Buck accusations that Bennet is a big-time tax and spender.

Today, more than 300 economists and policy experts released a letter warning that “the still-fragile economic recovery will be undercut by austerity economics of...

Four months after President Barack Obama enacted the Affordable Care And Patient Protection Act, House Democrats have resurfaced a top liberal priority buried near the end of the grueling year-long battle over health care reform: the public option.

As part of a desperate bipartisan group consisting of the vast majority of the nation's governors, Bill Ritter called on Congress to pass Federal...