Blog Archives

CBO: 2013 Estimated Federal Deficit At $642B, Half What Obama Inherited

May 15, 2013

The Congressional Budget Office (CBO) released a report on Tuesday showing a rapidly shrinking federal budget deficit. The CBO estimates [...]

Quote: Mark Blyth – Government Budget Is Not The Same As Family Budget

April 14, 2013

“The whole idea that the government is like a family — completely fallacious.” – Mark Blyth

Obama’s Proposed Social Security Cuts Are Wrong

April 14, 2013

Last week, The White House released a summary of President Obama’s budget. The proposal aims for a 3 to 1 [...]

Only 6 Percent Of Americans Know The Deficit Is Getting Smaller

February 26, 2013

So I’m watching Rachel Maddow, and she cites a Bloomberg poll that shows only 6 percent of Americans know the [...]

Sequestration: Blame President Obama? – Only Congress Can End It

February 24, 2013

There’s plenty of talk about who is to blame for the sequestration, the automatic spending cuts set to kick in [...]

On The Debt And Deficit, Forget About Shared Sacrifice

February 8, 2013

A common argument in support of raising taxes on the rich is the idea of shared sacrifice. The United States [...]

Does Social Security Add To The Federal Budget Deficit?

January 5, 2013

Every time we have a national debate about the deficit, Republicans start talking about cuts to Social Security while Democrats, [...]

Speaker John Boehner Says We Have A Spending Problem

December 13, 2012

Speaker John Boehner and pretty much the entire Republican Party and even some Democrats say we have a spending problem, [...]

McConnell, Republicans, Wrong On The Debt Ceiling

December 11, 2012

Last week, Senate Minority Leader Mitch McConnell either showed his lack of understanding of the debt ceiling, or he showed [...]

Fiscal Cliff: Tax Hike Generates More Hot Air Than Pain

December 7, 2012

There are two things you should note about the “fiscal cliff” debate. 1. There’s an awful lot of hot air [...]

What Happens When You Propose Sensible Ideas To Solve The Deficit?

November 16, 2012

Raising the top tax rate 4.6 points to 39.6% is a radical idea that will mean the end of capitalism [...]

What’s More Important, The Economy Or The Deficit?

November 4, 2012

I know some will say this is a false choice, but I ask, what is more important, the economy or [...]