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Tag Archives: Deficit

Kill It With Fire

Posted on May 18, 2013 at 4:00 pm by JM Ashby

Based on the latest findings from the Congressional Budget Office, the president’s latest budget proposal may signal an end to the “balanced approach” he has advocated for the past several years as it relies primarily on new taxes to reduce … Continue reading →
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Posted in Economy, President Obama | Tagged Budget, CBO, Debt, Deficit | 4 Comments

How About More Spending or Another Stimulus?

Posted on May 15, 2013 at 12:41 pm by Bob Cesca

Dare to dream, but look — the president will have cut the deficit in half within his first four fiscal years, from $1.4 trillion in 2009 to $642 billion by the end of this year. That’s far lower than $845 … Continue reading →
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Posted in Economy | Tagged Deficit, Stimulus | 3 Comments

Out of Control Spending!

Posted on May 14, 2013 at 3:30 pm by JM Ashby

According to the Congressional Budget Office (CBO) the federal deficit is shrinking faster than anyone anticipated is now 24 percent lower than previous projections. If the current laws that govern federal taxes and spending do not change, the budget deficit … Continue reading →
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Posted in Economy | Tagged CBO, Debt, Deficit | 5 Comments

Possible Budget Surplus by 2015

Posted on May 9, 2013 at 1:59 pm by Bob Cesca

Interesting: …official forecasters will have to radically alter their projections this summer. The CBO forecast of $845 billion in red ink this year, 5.3% of GDP, is hopelessly outdated; the deficit will fall well below 5% of GDP, perhaps to … Continue reading →
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Posted in Economy | Tagged Debt, Deficit | 1 Comment

Stop the Austerity. The Deficit Is Dropping Precipitously.

Posted on April 23, 2013 at 11:31 am by Bob Cesca

Via David Frum, here’s AEI’s John Makin with the positive news: The United States has actually made substantial progress toward deficit reduction in 2013 … On January 2, as part of an agreement to avert the sharpest austerity that would … Continue reading →
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Posted in Economy | Tagged Debt, Deficit | 1 Comment

The Path to Poverty is Back

Posted on March 12, 2013 at 2:00 pm by JM Ashby

Congressman Paul Ryan claims that we’re “not going to refight the past,” but that’s clearly what he has in mind as he proposes his most comical budget yet. It has it all – tax cuts for the rich, repealing the … Continue reading →
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Posted in Epic Fail | Tagged Budget, Debt, Deficit, Derp, Fraud, Junk Shot, Paul Ryan | 3 Comments

‘Cutting the Deficit in Half’

Posted on March 12, 2013 at 9:32 am by Bob Cesca

Jed Lewison called attention to a tweet from the RNC demanding to know, “Whatever happened to cutting the deficit in half by end of first term?” They’re not very good at math at the RNC. Here’s some help: So as … Continue reading →
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Posted in Economy | Tagged Debt, Deficit | 3 Comments

The Greatest Chart Ever

Posted on March 5, 2013 at 8:21 am by Bob Cesca

Via Benen, the CBPP has updated its famous “parfait” chart illustrating what’s driving the national debt between now and 2019 based on CBO estimates from last month. And, shocker!, the chart looks about the same as it always has. Because, … Continue reading →
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Posted in Economy | Tagged Debt, Deficit | 3 Comments

The Sequestration Fight Is Based on Lies and Stupidity

Posted on February 26, 2013 at 7:21 am by Bob Cesca

My Tuesday column: As a political writer, being pissed off about certain issues and policies is like rocket fuel. I’m not an angry guy by nature, but there’s a universe of things in politics that piss me off and, combined … Continue reading →
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Posted in Economy, The Daily Banter | Tagged Debt, Deficit, Republicans | 4 Comments