Shrinking the national debt one soldier at a time
President Obama is making a priority of slashing the national debt in the coming years and he says some of the greatest savings come from pulling troops out of Iraq. But just how much money can be...
View ArticleIs the traditional press conference obsolete?
President Obama worked to rally the country behind his economic agenda last night in a press conference that focused heavily on the budget and skimmed almost entirely over foreign policy issues. But...
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U.S. Deficit Projected to Reach $9 Trillion
President Obama may soon face a new obstacle to his plan to reform health care: a growing pool of budgetary red ink. The White House Office of Management and Budget and the Congressional Budget Office...
View ArticleHuge U.S. Debt an Economic Indicator?
This week the White House reported that the federal deficit is rising faster than expected. The projected 10-year deficit is now $9 trillion — that's $2 trillion more than previous estimates. Does...
View ArticleSchwarzenegger-Signed Car, Anyone?
California's budget is still in terrible shape, so the cash-strapped state is having a garage sale. Starting today at a warehouse in Sacramento, the state will be selling more than a thousand...
View Article$20 Billion Debt: Gov. Threatens California Welfare Cuts
California is facing a $20 billion dollar deficit and is asking the federal government for roughly $8 billion to help stay afloat. The governor has threatened to cut back, if not eliminate, basic...
View ArticleThe Long Term Impact of the US Deficit
Yesterday the Obama administration proposed a nearly $4 trillion budget for 2011. A front page analysis in today's New York Times points out that the projected deficit in the coming year is nearly 11...
View ArticleFirst Take: Foreclosures, Gays in the Military, Super Bowl Food
UPDATED: 7:55 PMAlex Goldmark here watching over the night shift.A few things have changed since Anna's last post. We've been reading between the lines of some interesting comments about Don't Ask...
View ArticleTakeouts: Obama to Establish Debt Commission, Authorities Target Shady...
DEBT TAKEOUT: President Obama is expected to sign an executive order today, setting up a bipartisan commission to examine ways to reduce our soaring deficit. Walter Alarcon, a staff writer for The...
View ArticleCritic Says Health Care Reform Will Raise Deficit
The passage of the health care reform bill is controversial for many reasons, but a main argument among critics is that it will cost more money than it will save. If signed into law as expected, the...
View ArticleCommission Considers How to Reduce Burgeoning National Debt
There's growing concern about the national debt: currently a gulp-inducing $13 trillion... and counting. President Obama's National Commission on Fiscal Responsibility and Reform is tasked with coming...
View ArticlePublic Pensions: What Are a State's Responsibilities?
Earlier this year, the Pew Center released a study estimating that there is a one trillion dollar gap between what states had promised workers in retiree pensions and benefits, and the money they...
View ArticleA Bipartisan Deficit Proposal both Democrats and Republicans will Hate
Government spending, according to some conventional wisdom, is out of control. That battle cry rallied many politicians during the mid-term elections, helped elect Tea Party and conservative Republican...
View ArticleWhat Would You Give Up for the Deficit?
One of the hardest things for a politician to do is to ask people to give up benefits or pay more in taxes. Which is why President Obama appointed a bipartisan commission last February to come up with...
View ArticleTough Cuts: How $17 Billion in Foreign Aid Affects America
The government is trying to find a way to balance a $200 billion shortfall in the federal budget, and they're looking at both big and small steps. One of the suggestions from the co-chairs of the...
View ArticleTough Cuts: Taxing Health Care, Slimming Medicare
The co-chairs of the National Commission on Fiscal Responsibility have come up with a list of proposals of possible cuts in order to help offset the looming national deficit. Balancing the budget by...
View ArticleTop of the Hour: Congress Tackles Debt Reduction, Morning Headlines
The President's debt commission has released it's controversial recommendations for reducing the country's budget deficit. Will lawmakers get tough on debt, or are the suggested cuts to tough for...
View ArticleAre Depression-Era Services Now Bankrupting Recession-Era States?
In the discussion of our nation’s growing debt, there’s an issue that may be going largely unreported in the wash of discussion of the federal deficit. All across the country, smaller budgets — county,...
View ArticleUnion Battles Spread to Ohio
In Wisconsin, demonstrators are camped out for a seventh day over a state bill that would cut state workers’ ability to bargain collectively. But Wisconsin isn’t the only state where union battles are...
View ArticlePreviewing President Obama's Budget Speech
President Obama is set to deliver a much anticipated speech 1:30 p.m. at George Washington University in Washington. The speech will detail his long-term plans for reducing the nation's deficit. Todd...
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