Tag Archives: deficit reduction

Balanced: Democrat Budget Increases Spending By 62%, Taxes By $1.5 Trillion

Balanced: Democrat Budget Increases Spending By 62%, Taxes By $1.5 Trillion

The ideological break down in the national budget debate has folks on the right arguing for deficit reduction through spending cuts and folks on the left arguing for deficit reduction through tax increases. Yesterday Democrats unveiled a budget – their first in four years, a laughing matter apparently – which true to form proposes $1.5

Obama's Sequester Fear Mongering Hasn't Convinced The Public

There’s little doubt that the Obama administration is working hard to make what are, frankly, rather modest spending reductions seem really severe and onerous. But is he convincing the public? Not really, according to a poll from McClatchy: The budget cuts in Washington have not hit home in America, at least not yet. A plurality

White House: "Deficit Reduction Is Not A Worthy Goal"

“Most importantly because deficit reduction is not a worthy goal onto itself,” said White House Press Secretary Jay Carney today. “This is all about making our economy stronger, making it more productive and allowing it to create even more jobs. That is the most important thing when it comes to economic policy as far as

Obama: "We Don't Have A Spending Problem"

According to an interview between the Wall Street Journal’s Stephen Moore and Speaker of the House John Boehner, in behind the scenes negotiations President Obama insisted that “we don’t have a spending problem.” Which is an odd admission for a President who says that we need a “balanced approach” to deficit reduction in public. In

"Deficit Hawk" Ends His Career Voting For Bigger Deficits

Two members of North Dakota’s congressional delegation ended their tenures in Washington DC this week. I wrote about Rep. Rick Berg earlier this week, who used his last vote to oppose the “fiscal cliff” deal. It’s interesting to contrast Berg’s last vote with Senator Kent Conrad’s last vote. The self-described “deficit hawk” gave his final

Balanced: Senate Fiscal Deal Has $41 In Tax Hikes For Every $1 In Spending Reductions

According to the Congressional Budget Office, the “fiscal cliff” deal passed by the US Senate late last night has $15 billion in spending growth reductions (it’s not cuts as we’ll still be spending more in 2013 than we’re spending in 2012) and $620 billion in tax hikes, both over the course of a decade. After

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