Posts Tagged ‘deficit’
Udall Statement on Super Committee’s Failure to
In response to news that the super committee has failed to reach a deficit reduction deal, Mark Udall issued the following statement urging Congress to bring the Bowles-Simpson deficit reduction proposal to the floor of the U.S. Senate and House of Representatives and to pass a balanced budget amendment to the U.S. Constitution. "Today's news is disappointing and frustrating for Coloradans who want leaders capable of making tough decisions and guiding our nation through difficult ... Full Story
Failure Is Good
Op-Ed Columnist Failure Is Good By Paul Krugman Published: November 17, 2011 It’s a bird! It’s a plane! It’s a complete turkey! It’s the supercommittee! By next Wednesday, the so-called supercommittee, a bipartisan group of legislators, is supposed to reach an agreement on how to reduce future deficits. Barring an evil miracle — I’ll explain the evil part later — the committee will fail to meet that deadline. If this news surprises you, you ... Full Story
Why defense spending should be cut
Why defense spending should be cut By Fareed Zakaria Published: August 3 The scary aspect of the debt deal meant to force all of Washington to its senses is the threatened cut to defense spending. If the congressional “super-committee” cannot agree on cutbacks of $1.5 trillion, the guillotine will fall and half of those cuts will have to come from expenditures on national security. As with so much Washington accounting, there is lots of ambiguity in baselines ... Full Story
Social Security cuts don’t add up
Note: The following article states that new research shows that Americans over 65 are disproportionately wealthy. The word "disproportionately" is used in a pejorative manner in this sentence. The report from Pew Research entitled "The Rising Age Gap in Economic Well-Being: The Old Prosper Relative to the Young" does not use this negatively charged word. If NPR were exercising journalist excellence here, they would not use this negatively charged word. The Pew Report, and the HuffPost ... Full Story
The Military Industrial Complex: The Enemy from Within
By John W. Whitehead July 11, 2011 “Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes … known instruments for bringing the many under the domination of the few.… No nation could preserve its freedom in the midst of continual warfare.”—James Madison “When a nation becomes obsessed with the guns ... Full Story
America’s Debts: Even More Calamitous Than We
By Dr. Mark W. Hendrickson Brace yourself. This isn’t going to be pleasant. If you’re in a bad mood or get easily upset, you may wish to pass on reading this article. The country is in even worse shape economically than we thought. We awoke on Feb. 14 to find that this year’s federal budget deficit is going to be larger than previously projected—a record $1.65 trillion. Recently, the official accumulated debt of the federal government passed the $14 trillion threshold. A trillion is a ... Full Story
Ending deficit spending won’t be easy or
Capitol Review By Mark Hillman It’s a political reality: talking about how to govern is far easier than actually governing. Government, after all, is a reflection of the governed and nothing requires individual voters or “the people” in general to act responsibly. That observation is not an indictment of the electorate but an acknowledgement that voters are never forced to confront tough choices about government spending. Consider the federal debt and deficit. The deficit is the annual ... Full Story
