Budget Deficit

$1 Trillion Federal Deficit? We're On Track To Hit That Record High

AP | CHRISTOPHER S. RUGABER | Posted 12.10.2008 | Business

Read More: Finance, Economy, Record High Deficit, Trillion Dollars, Treasury Department, Budget Deficit, Trillion Budget Deficit, One Trillion, Business News

WASHINGTON — The federal government ran a record budget deficit in November, putting Uncle Sam on track to post an all-time high annual shortfal...

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Governors Against State Bailouts, for Ideological Purity

Harry Moroz | Posted 12.03.2008 | Politics

Read More: Mark Sanford, Governors, South Carolina, Fiscal Hawks, Rick Perry, Texas, Stimulus, Budget Deficit, Barack Obama, Bailouts, State Bailouts, Politics News
Harry Moroz

While around 40 governors met with Obama in Philadelphia to discuss states' growing budget woes, two governors took to the Wall Street Journal's op-ed page to argue against federal aid to states.

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Bush Legacy

Loretta Napoleoni | Posted 11.19.2008 | Politics

Read More: Military Expediture, Iraq War, Financial Crisis, Bush Legacy, Budget Deficit, Pentagon Budget, Barack Obama, Afghanistan War, George W. Bush, Politics News
Loretta Napoleoni

The financial debt may be too great to be repaid without a drastic departure from what America has stood for since the dissolution of communism: the centre of the post Cold War empire.

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Yes We Can... What?

Alan Schram | Posted 11.11.2008 | Business

Read More: War, Larry Summers, Federal Reserve, Congress, Budget Deficit, Libor, Paul Volcker, S&P 500, Barack Obama, Fdr, Dollar, Money Market Funds, Fdic, Education, Wall Street, Hedge Funds, Business News, Warren Buffett, Stock Market, Bank Deposits, Subprime Mortgages, Saving Money, Healthcare, Dow, Financial Crisis, Fiscal Stimulus Package, Business News
Alan Schram

Barack Obama is faced with very high expectations. There is only a small likelihood that any human being could actually deliver a performance commensurate with those expectations.

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I.O.U.S.A. or, the Inheritance of Debts and Deficits

Arlene M. Roberts | Posted 10.28.2008 | Business

Read More: National Debt Clock, Patrick Creadon, Running on Empty, Fiscal Wake-Up Tour, Fiscal Responsibility, The Concord Coalition, Empire of Debt, David M. Walker, Budget Deficit, Christine O'Malley, Barack Obama, Federal Deficit, A. Harry Zeeve, I.O.U.S.A, Alan Greenspan, Business News
Arlene M. Roberts

The message was that we could have it all without sacrifice. 2003's "guns and butter and tax cuts" trumped the 1960's mere "guns and butter."

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IOUSA: Anti-Social Security Propaganda Flick

Dean Baker | Posted 10.22.2008 | Business

Read More: Budget Deficit, Social Security, Federal Budget Deficit, Economy, Propaganda, Regulation, Medicare, Business News
Dean Baker

This film should be viewed as part of a larger effort to dismantle Social Security and Medicare, the country's core safety net programs.

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Worsening Budget Deficit To Hit $407 Billion This Year: Report

AP | ANDREW TAYLOR | Posted 09.09.2008 | Business

Read More: Budget Deficit, Federal Deficit, Worsening Federal Deficit, Worsening Budget Deficit, Budget Deficit Grows, Business News

WASHINGTON — The federal government will run a near-record deficit of $407 billion this year, according to the latest Capitol Hill estimates. T...

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This Election is Green; Not Black and White

Leo W. Gerard | Posted 08.26.2008 | Politics

Read More: Bill Clinton, U.S. Senate, John McCain, Unemployment, Wall Street, Inflation, George W. Bush, Democrat, Housing Crisis, Budget Deficit, Scranton, Joe Biden, Barack Obama, Dick Cheney, Republican, Politics News
Leo W. Gerard

Republicans Bush and Cheney put us here, with McCain agreeing all the way. Electing McSame would result in four more years of greenbacks draining out of our wallets.

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McCain's Bumper Sticker Strategy

Emily Pease | Posted 08.20.2008 | Home

Read More: John McCain, Virginia, Oil Drilling, Gas Tax, New York Times, Budget Deficit, McCain Offshore Drilling, 2008 Election, Jim Gilmore, Offshore Drilling, Offthebus, Home News
Emily Pease

The simple-minded bumper stickers are back, and boy do they look good on the rear window of a 4x4: "Drill Here Drill Now." The policy they propose, though, doesn't look so good.

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Survive Recession

Grant Cardone | Posted 08.06.2008 | Business

Read More: Finance, Debt Solutions, Banks, Economy, Subprime, Debt, Budget Deficit, Obama, Mccain, Cardone, Recession, Msnbc, USA Today, Paulson, The Fed, Debt Problems, Selling the Secret to Success, Finance Solutions, Business News
Grant Cardone

No matter how much cash the business or individual has, sooner or later you have to get your products and services funded by others through selling or you will burn through your cash

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Let's Add More Debt To the National Total

Hale "Bonddad" Stewart | Posted 07.24.2008 | Business

Read More: Economy, Balanced Budget, Federal Debt, Budget Deficit, Fiscal Conservatives, Federal Budget Deficit, Federal Spending, Fiscal Responsibility, Business News
Hale

Anyone who is reporting the government's books are balanced has no idea what they are talking about -- and there are important reasons why this raising of the debt ceiling is so incredibly dangerous.

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Internet Purchases Shouldn't Be Subsidized

Mark Weisbrot | Posted 06.16.2008 | Business

Read More: Government, Taxes, Internet Policy, Budget Deficit, Internet Politics, Tax Revenue, Revenue, Business News
Mark Weisbrot

So we cannot afford to lose tens of billions of dollars in state and local tax revenues by exempting internet sales. But even if it were affordable, there is no good economic reason to do so.

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Federal Budget Deficit Swells to $263.3B

AP | JEANNINE AVERSA | Posted 03.12.2008 | Business

Read More: Budget Deficit, Federal Budget Deficit, Treasury Department, Recession, Congressional Budget Office, Business News

WASHINGTON — The Treasury Department says the federal deficit swelled to $263.3 billion in the first five months of this budget year as record s...

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The 44th President's $4 Trillion Headache

CNN/Money | Jeanne Sahadi | Posted 02.22.2008 | Business

Read More: Congressional Budget Office, Alternative Minimum Tax, Budget Deficit, Federal Budget Decifit, Presidential Candidates, Business News

The presidential candidates all have big plans for their time in the White House. Reform health care. Reduce taxes. Close corporate loopholes. Encoura...

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Is War Good For The Economy?

Jeff Madrick | Posted 02.04.2008 | Business

Read More: Jimmy Carter, Ronald Reagan, Iraq War Costs, Recession, Budget Deficit, Business News
Jeff Madrick

As Bush asks Congress to pass a $3 trillion budget today, heavy with military spending for Iraq, it's time to undo a damaging cliché. Military spending harms modern economies, it does not help them.

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