Conservatives claim that President Obama "tripled the deficit" and point to the huge 2009 budget deficit as proof. The fiscal-year 2009 deficit, as reported in October was, indeed, about triple the prior year's borrowing. But the 2009 budget was the last budget year of the prior, conservative administration. more »
Progressive leaders representing more than 50 groups participated in a news conference call to oppose a controversial plan to create a “fast track” deficit commission being pushed by Democratic Sen. Kent Conrad, D-N.D. and Republican Sen. Judd Gregg, D-N.H. more »
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On the last day of 2009, The Washington Post published an article, presented as a news story, which could be a signal of the death of the Post as an independent and objective news source.
It is possible that there is going to be a “deficit commission” to look for ways to reduce our country’s budget deficits. I have some questions for them to ask to help get things started in the right direction: more »
On Monday morning, wealthy hedge fund mogul Peter Peterson and his Commission on Budget Reform will hold a press conference to issue a "Call to Action to Stem the Mounting Federal Debt." Their scary promotional material declares, "The ever-growing federal debt is spiraling out of control. If not addressed . . . more »
Conservatives are using the economic crisis to push through their favorite tricks. The latest trick is a commission to cut the budget and cut the debt without the inconvenience of the democratic process. It’s a strange distraction from the real problem. Jobs.
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