President Barack Obama’s State of the Union address was filled with promises and various other costly legislative items at a time when budget deficits are still running high. According to the National Taxpayers Union, President Obama’s agenda would c
Milton Friedman of the Chicago School of Economics suggested in 1969 that dropping money out of helicopters for citizens to pick up was a sure way to restart the economy.
Senate minority leader Mitch McConnell (R., Ky.) says Senate Republicans will unanimously support a balanced-budget amendment, to be unveiled Wednesday as the core of the GOP’s fiscal agenda.
Presidential Memorandum -- Presidential Determination Regarding Drawdown Under Section 506 (a)(1) of the Foreign Assistance Act of 1961, as Amended, for Chad and France to Support Their Efforts in Mali
US President Barack Obama will reportedly return to one of his key political points, nuclear arms reduction, in his State of the Union address.
The Pentagon may cut the size of its military forces for the second time in as many years if spending reductions of $470 billion over 10 years take effect, according to America’s top military chief. One third of the cuts would affect armed forces.
Cuts in government spending from the "sequester" may start to kick in on March 1st.
A key policy goal right now is to minimize short term austerity since the deficit as a percent of GDP is already shrinking quickly, and the deficit should continue to shrink over the next few years.
January 31, 1968 marked the beginning of the end….
The Senate is set to vote soon on a measure to suspend the debt ceiling through May 18.
That America is heading toward a tighter fiscal belt is a foregone conclusion. The big question is what this will do to the military.
On MSNBC's Morning Joe, Paul Krugman discussed the debt and deficit.
Not a day goes by without hearing about the fiscal cliff, the debt ceiling or another political deadlock. We would not disagree that some of these are important issues that need resolving but, in the grand scheme of things, they are relatively superf
In data released Thursday afternoon, the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday.
Brace yourself. In coming weeks you’ll hear there’s no serious alternative to cutting Social Security and Medicare, raising taxes on middle class, and decimating what’s left of the federal government’s discretionary spending.
Update: The bill did pass the House today.
[The can has been kicked again.] House votes to defuse debt limit crisis House votes overwhelmingly to defuse debt crisis, decides to increase borrowing limit
Everyone knows that Japan, whose population is now at the oldest average age it has ever been in its history, sold more adult than baby diapers for the first time in 2012, and is "older" than any nation in the world, has a "demographic problem."
Japan's finance minister Taro Aso said Monday the elderly should be allowed to "hurry up and die" instead of costing the government money for end-of-life medical care.
Ron Paul's Texas Straight Talk 1/21/13: The Coming Debt Limit Drama: Government
Fox News contributor Charles Krauthammer called President Barack Obama's inauguration speech an "amazing" and "important" one — for the themes of progressivism and what Krauthammer called an "ode to big government."
Self-rule isn't working, folks, because it doesn't work with a brainwashed, unlearned and drugged citizenry. But don't worry: more money for public education, more computers and cops in the classroom, and more college degrees will fix this
"I will not enforce an unconstitutional law against any citizen of Smith County," insisted Sheriff Larry Smith.
CBS's Rebecca Jarvis had a brief profile on billionaire Warren Buffett this morning.
The big news in the debt ceiling world is that the GOP basically folded on Friday
When it comes to projecting the deficit (or anything, really) forecasters have a tendency to overweight what's happening right at the time they're making the forecast.
Far from being a gimmick, having the U.S. Treasury mint high-denomination coins is a solution that cuts to the root of America’s financial problems. And Benjamin Franklin would have liked it, too.
In a briefing with reporters today at House Republicans' retreat in Williamsburg, Va., Rep. Paul Ryan said that the House GOP is discussing a possible "short-term debt limit extension,"
Now that the magic coin is no longer on the table, Politico is kicking off the next stage of the debt ceiling fight with a report that House Republicans are "seriously entertaining dramatic steps,"
The Upcoming Sequestration Cuts Explained