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Deficit Commission

It's A Free Country ®

Paul Krugman: Super Committee Failure is a Good Thing

Monday, November 28, 2011

Welcome to Politics Bites, where every afternoon at It's A Free Country, we bring you the unmissable quotes from the morning's political conversations on WNYC. Today on the Brian Lehrer Show, Paul Krugman reviewed the failure of the Super Committee to reach a deal, the ongoing crisis in Europe and the future of the euro, and more from the world of politics and economics.

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The Brian Lehrer Show

Paul Krugman: Super Committee Failure is a Good Thing

Monday, November 28, 2011

Recap from It's A Free Country

Paul Krugman says we need to leave Social Security and Medicare alone, raise taxes on the wealthiest Americans, and get over our fear of government spending—which is why he's happy that the deficit reduction super committee didn't make a deal.

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It's A Free Country ®

Super Fallout: Why the Debt Committee Failed

Tuesday, November 22, 2011

TIME's Jay Newton-Small says that poor voter turnout means that most people aren't represented in the United States' most representative body. Congress is representing the extremes, and that's why it feels like nothing's getting done.

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It's A Free Country ®

Debt Committee Impasse May Keep Deficit Talks Going Through 2013

Monday, November 14, 2011

If they find anything [by the deadline], it's going to be window dressing...I think they could come up with something, but not anywhere near the level most economists say needs to happen in order to get this country back on a fiscal sustainable path.

Politico congressional reporter Manu Raju on The Brian Lehrer Show.

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It's A Free Country ®

Why Should We Worry About Deficits Anyway?

Thursday, November 10, 2011

We are not going to be able to get our fiscal house in order until we deal with our unemployment problem... The real issue is getting our economy back on track.

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On The Media

Is Transparency Always A Good Thing?

Friday, October 28, 2011

The "super committee" on deficit reduction is meeting in advance of their Thanksgiving deadline, and critics claim they have not been transparent enough about the progress of their negotiations.  Bob spoke with Matthew Yglesias of Think Progress and Donny Shaw of the Participatory Politics Foundation about the pros and cons of meeting behind closed doors.

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It's A Free Country ®

How Bad Is The Debt Ceiling Acrimony? The Best Quotes from Former Pols

Monday, July 25, 2011

It's all inside the beltway maneuvering and hard to explain, but it is indispensible for the American people to understand it so public opinion can be mobilized to stop it.

-Former U.S. Sen. Arlen Specter (R-PA), in an op-ed in The Baltimore Sun on July 23. 

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It's A Free Country ®

Highlights from Obama's Presser

Tuesday, February 15, 2011

WNYC

President Obama's press conference on Tuesday focused on defending the annual budget he presented yesterday. Reporters used to opportunity to corner him on Egypt, the deficit commission, tax reform and "having an adult conversation" with Republicans.

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It's A Free Country ®

New York and the New Budget

Tuesday, February 15, 2011

WNYC
It’s easy to demonize someone when they’re cutting, because it hurts. Everyone is screaming for cuts because we have to stop the spending. But they just don’t want their program cut. That’s the political nightmare, if you will, for someone who does want to stand up and do the right thing for the country.

— Congressman Michael Grimm (R-NY13) on the Brian Lehrer Show.

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It's A Free Country ®

Why the Deficit Commission Proposal Flopped

Monday, December 06, 2010

WNYC

I think the whole approach of the fiscal commission was to put the cart before the horse. The problem is not how do we reduce the deficit. The problem is how do we get a recovery going.

- Robert Kuttner,co-editor of The American Prospect magazine on The Brian Lehrer Show

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It's A Free Blog

Stucknation: Mom, Apple Pie and Bonded Indebtedness

Monday, December 06, 2010

While Washington Democrats and Republicans fret over the federal deficit, scant attention is being paid to the debt explosion on local municipal balance sheets in all 50 states.

The federal government is by no means the only big spender and big league borrower. Local governments have been on their own spending and borrowing binge.

Read More

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The Brian Lehrer Show

Progressive Deficit Reduction

Monday, December 06, 2010

Joseph Stiglitz, winner of the Nobel Prize in Economics, Columbia University professor, and author of Freefall: America, Free Markets, and the Sinking of the World Economy  joins Robert Kuttner, co-editor of The American Prospect magazine, senior fellow at Demos, and author of A Presidency in Peril: The Inside Story of Obama's Promise, Wall Street's Power, and the Struggle to Control our Economic Future  to discuss the demise of the president's deficit commission's proposal.

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The Takeaway

Alice Rivlin on Compromise for Deficit Reduction

Thursday, December 02, 2010

The Presidential commission tasked with trying to find a way to stabilize and cut our deficit will vote tomorrow on its final recommendations. Theoretically, it would then go before Congress and President Obama for consideration.  The commission’s co-chairs, former Clinton White House Chief of Staff Erskine Bowles and former Republican Senator Alan Simpson, made waves earlier in the month by leaking their own controversial plan and encouraging members of the panel to adopt it. Yesterday, Bowles and Simpson brought a largely unchanged plan to the full panel.  Panel members then began indicating whether they’d vote for it.  

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The Takeaway

Rep. Jan Schakowsky Offers Alternative Deficit Plan

Thursday, December 02, 2010

Members of the President's deficit commission are debating how to vote on a controversial plan to reduce the nation's budget deficit. Rep. Jan Schakowsky (D-Ill.) says she plans to reject the plan put forward by the commission's co-chairs, Erskine Bowles, former Chief of Staff for President Clinton, and Republican former Senator Alan Simpson. Instead, she's offering an alternative plan which would sharply reduce spending at the Pentagon and raise corporate taxes, targeting windfall profits and excessive executive pay.

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The Takeaway

Top of the Hour: Congress Tackles Debt Reduction, Morning Headlines

Thursday, December 02, 2010

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 Congress to swallow?  

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It's A Free Country ®

Tackling the Deficit, Kicking and Screaming

Wednesday, December 01, 2010

I think it's mostly a reflection of this funny political moment in which everyone says they want the deficit reduced but they are against tax increases and real spending cuts. If you have an electorate that’s against those things, it's very hard for politicians to sign onto any kind of plan.

-David Leonhardt, writer of the "Economic Scene" column for the New York Times, talks about today's deficit commission meeting on The Brian Lehrer Show.

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It's A Free Blog

The Debt Crisis Is a Scam

Monday, November 29, 2010

Brace yourself: the phony debate about the government’s deficit and debt “crisis” will kick into overdrive this week as we hit the December 1 deadline for the federal deficit commission's final recommendations. We’re being told it’s time to tighten our belts because the government is spending too much money. But the debate is an illusion and false: there is no government deficit or debt “crisis.”

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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.

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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.

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