Streams

 

Federal Debt

It's A Free Country ®

Himes: A Wall Street Democrat’s Take on OWS, Compromise

Wednesday, November 02, 2011

The reality is that right now, the president of the United States does not hold nearly as much power with respect to where we go in the next ten years than the twelve members of the supercommittee do.

Comments [17]

It's A Free Country ®

President Praises "Gang of Six" on Bipartisan Debt Plan

Tuesday, July 19, 2011

Lawmakers on both sides of the aisle are engaging in procedural wrangling in an effort to prevent a looming federal default. If successful, it may avoid the impending doom of a financial crisis, but it would add more layers of complication to an already labyrinthine process.

Comment

It's A Free Blog

Essay: Ryan Budget Blowback Should Scare the GOP in Iowa, and Elsewhere

Thursday, April 28, 2011

The Ryan budget proposal is a political IED. In the last couple of days we’ve seen angry mobs at town hall meetings with GOP congress folks back in their districts. This year and 2012 will be a very bad year for billionaires and millionaires politically - I guarantee it. They have gone too far in their bonus excesses; the politicians that lap out of their money bowls have gone too far in shifting the burden of the military, medical and other programs to the middle class.

-Steffen Schmidt, on the changing political tides.

Read More

Comments [2]

It's A Free Country ®

Rep. Grimm Gets Earful from Brooklyn Crowd On Ryan Budget Austerity

Thursday, April 28, 2011

It was like MSNBC's more liberal narrative and Fox New's right wing thought line were two mighty express freight trains headed for each other on the same track driven by engineers with not much left to live for.

It was Freshman Republican Congressman Michael Grimm's first town hall meeting of his career in Brooklyn, certainly the most Democratic portion of his district that is dominated by Staten Island. During his campaign, he'd said the Brooklyn piece of the 13th Congressional District had been perpetually underserved. So he picked Brooklyn for his maiden voyage.

A feisty crowd of about 100—mostly seniors—came at Grimm with roller derby ferocity for his support of fellow Republican Congressman Paul Ryan's budget austerity plan that included changes to Medicare for future retirees.

Comments [2]

It's A Free Blog

Essay: Dems' Pants on Fire on Ryan Budget 'Ending' Medicare

Thursday, April 21, 2011

The GOP did in fact vote for a bill that, had it passed, really would have weakened Medicare. But groups like MoveOn are so out there that they can't even let themselves not grossly inflate something that they have the political high ground on.

-Solomon Kleinsmith, on how both parties' gross exaggerations can undermine their message.

Read More

Comments [3]

It's A Free Blog

Obama's Relationship to Debt Reality? Downgraded

Wednesday, April 20, 2011

What the S&P found was a president un-serious about reducing our nation's crippling debt. While Obama and his supporters seem to think his words have magical properties, the rest of us realize that they're just words, and not particularly effective words at that.

Karol Markowicz, says Obama being "out of touch with reality" on the federal debt.

Read More

Comments [2]

It's A Free Country ®

Explainer: What is a Debt Ceiling? Can It Break?

Monday, April 18, 2011

We're not getting any room to breathe between budget battles.

After narrowly avoiding a government shutdown, which would have been precipitated by a stalemate over spending for the current fiscal year, new standoffs surrounding the nation's long-term debt are already on the horizon.

Comments [3]

It's A Free Blog

Obama's Speech: Another Meaningless Line in the Sand

Thursday, April 14, 2011

While criticism from the Right sees him as a socialist-leaning bleeding-heart, we on the Left wish he were what the Tea Party accuses him of.

Justin Krebs on the 'outlandish things' President Obama has promised yet not delivered

Read More

Comments [2]

It's A Free Country ®

Transcript: Obama Speech on Deficit and Budget

Wednesday, April 13, 2011

Good afternoon. It’s great to be back at GW. I want you to know that one of the reasons I kept the government open was so I could be here today with all of you. I wanted to make sure you had one more excuse to skip class. You’re welcome.

...

Comments [1]

It's A Free Country ®

Budget Challenge: Can Obama Shift From Crisis Management to Fiscal Philosophy?

Tuesday, April 12, 2011

As President Obama launches his campaign for a second term, he’ll be sharpening his talking points about his record. His speech on Wednesday will lay out exactly the way he wants to position the country on fiscal issues.

Leading up to the speech, he’s given mixed messages, depending on the audience. He's been both a big stimulus spender and a shrewd budget cutter. But the lack of a unifying economic philosophy - as well as any unity on the part of Democrats - has given him little room to maneuver when trying to retain his base and avoid scaring off independents. And while some Democrats are criticizing him for lacking political courage, most of them are out of office.

Comments [2]

It's A Free Country ®

Explaining the Deficit

Tuesday, April 12, 2011

WNYC

The [political] fault lines are here in that the Tea party won a huge victory in the Congressional beat down and when you have someone like Rep. Ryan coming out and touching third rails of government...talking about slashing Medicare, talking about really representing the Tea Party agenda in certain elements, in that you could simultaneously cut the top tax rate and cut spending, you're really forcing the administration's hand. They're king of saying, well we're putting political skin in the game and now we're going to force you to come out and sacrifice some of your fiscal sacred cows.

Roben Farzad, senior writer for Bloomberg Business Week, on The Brian Lehrer Show.

Comments [24]

The Brian Lehrer Show

The Federal Budget Deficit

Tuesday, April 12, 2011

Roben Farzad, senior writer for Bloomberg Business Week, explains why the federal debt is so high--and previews what the political debate about the deficit will hinge on.

→  Listen, Read a Recap and Add Your Comments at It's A Free Country

It's A Free Country ®

Is a Government Shutdown Looming, Really?

Monday, February 28, 2011

WNYC
In reality, the entire showdown that we're seeing in Wisconsin and that we're seeing to a lesser degree in other states, or at least a less visible degree in other states,this is all about politics. This is all about who has the upper hand in these elections, and certainly in the elections coming up in 2012. If Republicans looked back at the 2010 elections, as well as they did across the country, they believe that there are six to eight governerships they should have won and the reason they didn't win those was that the unions are very effective at spending for Democrats and getting out the vote for Democrats and so this is an opportunity, at least politically, for Republicans to try to hurt the Democrats and...it awakens Democrats, recognizing that this is a constituency they need to support and mantain.

Taegan Goddard, creator of CQ Roll Call's Political Wire, on the Brian Lehrer Show.

Comments [8]

It's A Free Country ®

Even Liberal Experts Agree Obama Punts on Deficit

Thursday, February 24, 2011

WNYC

There are mixed signals coming from Washington about the deficit.

This isn't new, but at least the mixed signals include a growing number of lawmakers who are beginning to be more honest and hint at supporting real action on long-term debt.

Unfortunately, President Obama is not among them.

Comment

It's A Free Blog

Stucknation: Our Debt Service Time Bomb

Monday, February 21, 2011

When President Obama released his 2012 budget proposal, he spoke of hard choices and investments. What he left out were the real jaw-dropping numbers contained in an obscure Department of the Treasury Report from the Office of Debt Management that was released two weeks earlier.

The 24-page document in charts and graphs dispassionately lays out the explosion in costs associated with just servicing the nation's rolling multi-trillion dollar deficit.

Read More

Comments [1]

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.”

Read More

Comments [3]