You have to admit, Republicans can spread a lie better than anyone on the planet So this is amazing: A new report released Tuesday says the government’s budget deficit is set to fall to $514 billion for the current year, down substantially from last year and the lowest by far since President Barack Obama took office five years ago. The […]

I see what you’re doing here. We all do. I think all of us are, like Amy described in her righteous rant yesterday, sick and tired of being held hostage by extremist right wing ideologues who behave like petulant children when they don’t get absolutely everything they want. What’s most infuriating about it is that these very same ideologues have […]

Ezra Klein makes a truly interesting point this morning with regards to the failure of the Deficit Commission “Super Committee”. Their failure to come to an agreement and the trigger pulled by that outcome is a dream situation for progressives. Imagine if the Democrats offered Republicans a deficit deal that had more than $3 in tax increases for every $1 […]

Republicans are talking about passing legislation to shortcut the automatic spending triggers built in to the Deficit Reduction Supercommittee’s failure to come up with a plan. President Obama is having none of it. From this afternoon: Good afternoon. As you all know, last summer I signed a law that will cut nearly $1 trillion of spending over the next 10 […]

Today I’m announcing a new hashtag: #33seniors. It comes from President Obama’s budget/deficit speech yesterday: [The Republicans have] a vision that says even though America can’t afford to invest in education or clean energy; even though we can’t afford to care for seniors and poor children, we can somehow afford more than $1 trillion in new tax breaks for the […]

With all this talk about deficit reduction these day from both sides of the Congressional aisle, I was interested to learn this morning that there is actually a mechanism for members of Congress to return part of their salary ($174,000 per year for non-leadership positions) to be used toward reducing the deficit. Sure, it would be a token effort; symbolic, […]