CBO Report Raises the Alarm About Growing Deficits

Federal deficits, once a hot topic that dominated policy conversations and election year advertisements, has receded to its traditional place as a bottom-shelf issue. For shame. But a new Congressional Budget Office report highlighting the potentially disastrous consequences of our long-term debt trajectory could be enough to shake the cobwebs off of one of the…
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New CBO Report Shows America’s Finances are Increasingly Untenable

The media reporting about the Congressional Budget Office’s latest “Budget and Economic Outlook” has been, in a word: maddening. Nearly every mainstream source of information cherry picked the report to argue that the budget deficit was falling swiftly. “Solid economic growth will help the federal budget deficit shrink this year to its lowest level since…
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Yes Virginia, There Is Still a Debt Problem

Republicans rarely talk about the deficit anymore. There are several reasons for the omission, most notably that over the past four years they’ve been able to help shrink the deficit from $1.4 trillion to $648 billion. They also quickly realized that they were falling into the same trap that Democrats already found themselves in –…
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Obama Calling for End to the Imaginary “Era of Austerity”

Over the last several years there has been a troubling increase in the diagnosis of attention deficit disorder. But over the same timespan Washington has suffered from an acute case of deficit attention disorder, which is to say that policymakers can’t seem to stay focused on the important task of reducing our unsustainable deficits. Republicans…
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New Polls Shows Young Adults’ Faith in Obama is Plummeting

Young adults are the foundation upon which Barack Obama’s presidency rests. We are the age group that devoted countless man-hours to making a little-known junior senator from Illinois into an unmatched political force. We knocked on doors, we made phone calls, we set up clubs, you name it, we did it. Our votes also carried…
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Memo to Obama: Solving the Deficit Requires Leadership, Not Partisanship

In hindsight it seems patently absurd, a fleeting anachronism of a president that no longer exists. People rarely remember that just months after taking office President Obama, the spender-in-chief himself, called a “Fiscal Irresponsibility Summit” to, in the words of the Washington Post, “bring together a variety of voices on solving the long term problems…
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Obama Adminstration Ignores Its Own Advice on Fiscal Responsibility

Earlier this month the White House launched a Summit on Financial Capability and Empowerment. The goal was to educate Americans of all ages about how to take control of their financial futures. The irony in all of this is palpable. How can the Obama Administration, which has increased the deficit by $5 trillion and passed…
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Obama Sets (Yet Another) Record-High Monthly Deficit

The federal government set a new monthly record for the largest monthly budget deficit in February. Sorry to burst the bubble of all those optimistic souls who thought the spending binge was over. According to a report released by the Congressional Budget Office the federal government racked up a $229 billion deficit last month, the…
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Obama's Budget Gimmicks Wipe Out Obama's Phony Deficit Reduction Claims

President Obama’s budget is a strikingly dire vision for America’s future. Permanent deficits, massive tax increases, soaring interest costs, and no plan for reform. All told over the next ten years the deficit will average close to $800 billion and the national debt will grow by $7 trillion. But if all of that wasn’t enough…
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