Tag Archives: fiscal cliff

Social Security May Not Make It Another Four Years

Social Security May Not Make It Another Four Years

The problem with the long-term solvency of Social Security and Medicare is that the problems have always been long-term problems. It’s always been easier for Democrats to pander to short-term objections to tax hikes/benefits cuts, and for Republicans to pay nothing more than lip service to fixes, because the day of reckoning was always in

While Finally Promising To Pass A Budget, Democrats Aim Tax Hikes At Energy Industry

Senate Democrats, who apparently think budgeting is like inaugurating presidents in that it’s only to happen every four years, have finally said they’ll pass a budget in 2013 after four years of not budgeting at all. Which the sort of had to do since Republicans are making Senate budgeting a prerequisite of a debt ceiling

Heidi Heitkamp: Don't Tie Spending Cuts To Debt Ceilling

Senator Heidi Heitkamp is quick to name as her mentor the man she replaced in the Senate, Kent Conrad. That seems apt, as Conrad’s legacy of talking tough about the debt and deficits while simultaneously being a wet blanket for any proposals to actually rein in government spending is alive in well in Heitkamp. Case

Americans May Be Getting An Idea For What Social Security Really Costs Them

“For the first time in two decades, we raised taxes on the wealthiest 2% of Americans in a bipartisan way, while preventing a middle-class tax hike that could have thrown our economy back into recession,” President Obama said in his weekly address yesterday. “Under this law, more than 98% of Americans and 97% of small

Kent Conrad Will Earn $20,000 – $50,000 On Public Speaking Tour

The headline says Conrad will earn something in that price range for public speaking gigs now that his Senate career is (thankfully) over, but it seems unlikely to this observer that anyone would pay that much to Conrad say dry, obvious things about the nation’s finances. Conrad was a regular guest on the cable talk

Obamacare Means Less Hiring In 2013

Obamacare, or the Affordable Care Act as it is officially known, has been held up by its supporters as a boon to working-class Americans. It was supposedly going to make health insurance, and health care, more affordable (thus the name) and easier to get. The reality, unfortunately, is that the bill institutes big new taxes

Fiscal Cliff Deal Contained $12 Billion For Continuing Wind Subsidies

You wouldn’t think that a bill which was supposedly about fixing the nation’s fiscal problems would be porked up with handouts for special interests, but you’d be wrong. The “fiscal cliff” deal was chock full of goodies, including $12 billion in continues subsidies for Big Wind: Among the leaders in this glorious formation are companies

Interview: Former Congressman Rick Berg Talks Fiscal Cliff, His Senate Race Loss And His Future In ND

“At the end of a legislative session, if you ask people if they’re going to run for the legislature again and they say yes then they’re not a good legislator,” former Rep. Rick Berg told me during our interview in response to a question about his future political career. Berg said he’s “excited to get

"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

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