The Debt Sequester Mash Up

Krugman says that he gets phone calls: The White House insists that it is absolutely, positively not going to cave or indeed even negotiate over the debt ceiling — that […]
Digby
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Budget Bedlam: Common Sense in the Madhouse

Washington is careening off the fiscal cliff smack into the debt ceiling.  These mind-numbing mixed metaphors are not the currency of a well-governed nation. Once more, Washington is fixated on […]
Robert Borosage
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An Ugly Deal

Early this morning, the Senate passed the fiscal cliff deal by 89-8, a margin virtually guaranteeing that it will survive in the House.
Robert Borosage
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A Budget Crystal Ball for 2013

Given my stellar record for 2012, I should probably retire now while I’m at the top of my game. Not taking my own advice, here are my fearless budget forecasts for 2013.
Stan Collender
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Day of Action

Today is a progressive "day of action" on the fiscal cliff negotiations with a bunch of organizations holding events around the country.
Digby
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Why Deficit Mongering Is B.S.: Krugman Edition

Just this: You’ve heard the story many times: Supposedly, any day now investors will lose faith in America’s ability to come to grips with its budget failures. When they do, […]
Digby
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Bernanke’s Wake Up Call: It’s a Jobs Cliff

Last week, Federal Reserve Chair Ben Bernanke announced a dramatic new commitment of the Fed to keep long term interest rates low in the hope of boosting employment and economic growth.
Robert Borosage
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Austerity Suicide — Literally

You might be hearing about the "Fiscal Cliff." And you might be hearing about a "Grand Bargain." You certainly have heard about "Simpson Bowles." You will be hearing more and more about these strangely-named things because the usual suspects are cranking

Phil Gramm Doesn’t Know Squat About His Own Budget Process

Originally posted at Capital Gains and Games. You would think that Phil Gramm -- the former Republican Texas senator who was one of the authors of the Gramm-Rudman-Hollings budget process from the late 1980s -- would know how the law bearing his name works.
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After The Supercommittee Round Two

The supercommittee is down for the count, and everyone from the Tea Party to Occupy Wall Street, and even Grover Norquist is credited with throwing the knockout punch. It’s tempting […]
Terrance Heath
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No Deal Is The Best Deal

I’ll just let Bernie Sanders explain it to Wolf Blitzer, who appears to be extremely confused by the fact that someone might have liberal principles. In fairness, it’s not something […]
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Budget Process Revisions Won’t Solve the Problem

Originally published at Capital Gains and Games This is not a defense of the Congressional budget process. How could it be? With annual budget resolutions and appropriations now among the […]
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