Streams

 

 

Deficit

WQXR News

President Obama Announces Pay Freeze for Federal Employees

Monday, November 29, 2010

President Barack Obama has announced a two-year pay freeze for all civilian federal employees. He made the announcement from the White House on Monday.

Comment

It's A Free Country ®

Comments Roundup: Your Shot at Cutting the Deficit

Friday, November 19, 2010

WNYC

I solved it... and with a cringe, I raised my own taxes and added more years before I can retire.

- E. Rorschach in Manhattan

Comment

The Brian Lehrer Show

Progressive Budget Cuts

Friday, November 19, 2010

Congresswoman Jan Schakowsky (D-IL 9), member of the president's deficit reduction committee, offers her plan for cutting the deficit.

Comments [38]

It's A Free Country ®

An Alternative, Progressive Plan for the Deficit

Friday, November 19, 2010

WNYC

We talk about shared sacrifice. Well, there hasn't been shared sacrifice in our country right now.

- Congresswoman Jane Schakowsky of Illinois on The Brian Lehrer Show

Comment

The Takeaway

Tough Cuts: Taxing Health Care, Slimming Medicare

Friday, November 19, 2010

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 2015 will require finding ways to save $200 billion. So far, no decisions have been made on what programs should be cut, and lawmakers have to agree on where to begin.

So, we're doing the job for them - at least hypothetically. All this week, we're picking one program a day to cut and looking at what the ripple effect would be of doing so.

Comments [3]

The Takeaway

Tough Cuts: How $17 Billion in Foreign Aid Affects America

Tuesday, November 16, 2010

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 National Commission on Fiscal Responsibility and Reform includes cutting the foreign aid budget in half by 2015. That would save around $17 billion — but what would be the ripple effects here at home?

Comments [1]

The Brian Lehrer Show

Deficit Reduction: Malpractice Proposal

Monday, November 15, 2010

The president's deficit commission outline includes tort reform as a means to cut medical expenses. Philip K. Howard, founder and chair of Common Good and the author of Life Without Lawyers: Liberating Americans from Too Much Lawtalks about his alternative solution: medical courts.

Comments [5]

It's A Free Country ®

Bargaining Down the Federal I-O-U

Thursday, November 11, 2010

WNYC
There's this idea that simply cutting government waste here and there you can make a big dent in the deficit, and you can't. That's simply never going to be workable.

- Felix Salmon, finance blogger for Reuters, on The Brian Lehrer Show.

Comment

The Takeaway

What Would You Give Up for the Deficit?

Thursday, November 11, 2010

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 ideas to deal with the ever-ballooning deficit. Now the panel is releasing its suggestions and the complaints are already coming in.

The panel recommends cutting the tax deduction for mortgage interest payments. It suggests reducing some social security benefits and raising the retirement age. There's also a 15-cents-a-gallon increase in the federal gasoline tax, but a proposal to consolidate other taxes.

From the sounds of it, everyone will be affected by the sacrifices proposed.

We're asking you, What would you be willing to give up to help the government save money?

Read More

Comments [16]

The Takeaway

A Bipartisan Deficit Proposal both Democrats and Republicans will Hate

Thursday, November 11, 2010

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 candidates, while putting Democrats on the defensive over the deficit. But now that elections are over, do politicians have the stomach for real change? Yesterday, the co-chairs of President Obama's non-binding fiscal commission on deficit reduction released a draft plan to curb spending ... but the plan met with general dismay in Washington. Why? 

Comment

It's A Free Blog

The Day After: the Deficit War

Tuesday, November 02, 2010

On Wednesday morning, a passionate political debate on deficit reduction will begin that will be on par with the health care debate. Both parties must come to a resolution on how to slash the $1.4 trillion debt and put forth policies to reduce the staggering unemployment rate.

Read More

Comments [2]

The Brian Lehrer Show

30 Issues: The Deficit

Tuesday, October 12, 2010

Nan Hayworth, Republican candidate for Congress in NY's 19th district, then Patrick Garofalo, economics researcher and blogger at the Center for American Progress, discuss the importance of the deficit in this year's midterm elections.

Comments [61]

WNYC News

Pew Survey Gauges Public Opinion on NY Fiscal Policies

Wednesday, October 06, 2010

New Yorkers are alarmed about the state's finances, and they'd rather cut spending than raise taxes to make up future budget shortfalls. Those findings are from a phone survey of more than one thousand New York residents by the Pew Center on the States. The survey was part of a broader look at public opinion in five states that are making tough money choices in a time of scarcity.

Comment

The Takeaway

Public Pensions: What Are a State's Responsibilities?

Tuesday, August 17, 2010

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 currently had to pay for it all.

In an attempt to remedy the gap, lawmakers in Colorado, Minnesota and South Dakota have voted to reduce annual cost-of-living increases on pensions. Not surprisingly, retirees in each state have filed lawsuits.

Comments [3]

The Takeaway

Commission Considers How to Reduce Burgeoning National Debt

Wednesday, July 28, 2010

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 up with proposals to begin solving the problem later this year. We speak with Sen. Judd Gregg (R-N.H.), ranking member on the Senate Budget Committee, and a member of the bipartisan deficit-reduction commission.

Comments [4]

The Washington Report

WQXR's The Washington Report

Monday, July 12, 2010

David Sanger, of The NYT, on the spy swap, deficit reduction and BP.

World Weekly with Gideon Rachman

Special Edition: the UK's unavoidable Budget

Monday, June 21, 2010

Comment

The Takeaway

Critic Says Health Care Reform Will Raise Deficit

Tuesday, March 23, 2010

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 legislation would cost about $938 billion dollars. But, the Congressional Budget Office has said the bill will reduce federal deficits by an estimated $138 billion dollars in the next decade. We hear from one critic, Douglas Holtz-Eakin, former director of the Congressional Budget Office and former economic advisor for Sen. John McCain when he was the Republican presidential candidate.

Comment

The Takeaway

Takeouts: Obama to Establish Debt Commission, Authorities Target Shady Business Practice, Glitches at Winter Olympics

Thursday, February 18, 2010

  • 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 Hill, joins us with a look at a bitterly divided Congress.
  • FINANCE TAKEOUT: New York Times finance reporter Louise Story tells us why federal and state authorities are going after companies that try to pass off regular employees as private contractors.
  • OLYMPICS TAKEOUT: Freelance sports writer Dan Friedell joins us with some thoughts on how the Vancouver Olympics differ from the games in Beijing. He says the 2008 Games was a well-oiled machine, while the 2010 Games has seen glitch after glitch. You may be surprised which one Dan thinks is more fun. 

Comment

The Takeaway

First Take: Foreclosures, Gays in the Military, Super Bowl Food

Tuesday, February 02, 2010

UPDATED: 7:55 PM

Alex 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 Don't Tell today. General Gates told a Congressional hearing: “If legislation is passed repealing the law, we feel strongly we will need time for implementation of that change.” Well, what changes exactly? How does officially recognizing that someone is gay change the way you treat them or the institutions of the military? And what are the potential ripple effects of altering the way gays are treated in the military that might go beyond life in uniform?

On a side note, we're having a fierce debate here on how much humor is appropriate, if any, for this topic. One producer has concientiously objected to pulling and editing some movie clips that others here think might lighten the tone and mood of the interview tomorrow. Tune in to see who gets their way.

We're also going to hear from the Boy Scouts. They are turning 100 years old this year, and in honor of that milestone they are making a special effort to reach out to hispanic youths.

Our deficit explanations (referenced below) that Anna was hunting down before might have to wait until Thursday. So goes live radio.

Read More

Comment