The ‘Fiscal Cliff’ That Isn’t

On today’s Up on MSNBC, Chris Hayes said if the debt and deficit were really a major concern in Washington, we would not have a debate framed around a fictional “fiscal cliff.” Hayes said that it is neither fiscal or a cliff. At best it’s a fiscal curb, but even that isn’t correct because on the fiscal side, the “fiscal cliff’ is actually a major dose of austerity.

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

I know some will say this is a false choice, but I ask, what is more important, the economy or the deficit? The economy has steadily improved since the Great Recession but it has a long way to go to get back to a more historical norm for unemployment of around five percent. Since we know the economy is not yet booming, why are we so fixated on reducing the deficit and cutting spending? Many of the same people calling for spending cuts say we cannot increase taxes because it would harm the economy, but why do they think spending cuts will have no effect on the economy? In fact, many so-called deficit hawks say the deficit itself is harming the economy, which really makes no sense at all.

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Federal Deficit: Did Someone Forget How Budgets Work? — It’s Spending AND Revenue

I know there is a line of thinking out there that posits once a president takes office, everything that happens within the federal government is under his control. This line of thinking was no less false when Bush was president then it is now when Obama is president. It’s not about blame, it’s about facts, and when it comes to the federal budget, and more specifically the year-after-year trillion-dollar plus deficits, it seems people need a few lessons.

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Romney and Ryan: Higher Military Spending, Lower Taxes — Fiscal Hawks?

Can you be called a “fiscal hawk” or a “deficit hawk” if you are pushing for higher military spending along with a built-in floor that stipulates “core defense spending” must be maintained at 4% of GDP? Can you be called a fiscal or deficit hawk if you advocate for lower, across-the-board tax cuts at a time when the federal government is running trillion-dollar-plus deficits?

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The Republican Solution To Everything: Spending Cuts, Tax Cuts, or Both

The United States of America is the wealthiest nation on the planet, but somehow we can’t find a way to fund important government programs that help lift people out of poverty and build a stronger foundation for our future. We have an entire political coalition that wants to cut taxes even further while attempting to make government so small it can fit in our bedrooms — right before they drown it in the bathtub (to paraphrase both The West Wing and tax pledge prophet Grover Norquist).

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The Problem is not Debt, it is Dysfunction

Dysfunction JunctionThe federal deficit is averaging in the mid one trillion range for several years now. Total federal debt is almost $16 trillion. These are massive numbers for sure, and they should concern us, but it is not these numbers for which to focus our attention. Instead, our focus should be on the dysfunction in government, and I say this as a liberal who believes in a government of the people.

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6 Facts That Prove President Obama Did Not Go On A Spending Binge

President ObamaMitt Romney and the rest of the Republican Party love a good story. They don’t have much concern for facts and accuracy, they just like a good story. And a good story to them is one that paints President Obama as dangerous and reckless for America. And nothing could be more reckless than a spending binge with tax payer dollars, right? Well, maybe. But did President Obama really go on a spending binge? Unfortunately reality has a way of intruding on the colorful stories Republicans tell.

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