by Bruce Webb Press release from the House Ways and Means Committee dated Saturday July 18th. CBO Scores Confirms Deficit Neutrality of Health Reform Bill Washington, D.C. — The Congressional…

by Linda Beale crossposted with Ataxingmatter The hypocrisy of most deficit discussions Congress seems incapable of setting aside electioneering rhetoric and talking straight about taxes and deficits. The GOP claims…

…there is a column equating to ‘Income – Cost’ which is labeled ‘Net increase during the Year’. Now the Trustees don’t label this as ‘Surplus’ but there is little doubt…

…Deficit Spending Modern monetary theory has hammered this point home over decades, to the point that pretty much everyone understands it: When the U.S. Treasury deficit-spends, it’s adding assets to…

…it saves, it will need to borrow, and the counterpart to that borrowing is a trade deficit. America’s burgeoning trade deficit is a result of Bush’s unprecedented mismanagement. Tax cuts…

…term ‘fiscal cliff’ implies] “a problem of excessive deficits when it’s actually about the risk that the deficit will be too small; also and relatedly, the fiscal cliff stuff enables…

…severe decrease in Greece reflects the political uncertainty there as well as the calamitous economic conditions. Net exports of goods and services have continued to record a deficit in Greece…

…benefits in exchange for the pittance of slightly higher taxes on the upper crust. The article goes even further astray at the end with its label of a “two-part deal”…

…most advanced democracies have–under the guise that these programs are too costly, do not require personal responsibility, and can’t be afforded under the new right’s ‘realism’ about the deficits. The…

by Linda Beale Barney Frank and the need for a risk-based bank fee That post about the McCain-Paul environmental devastation and revenue decimation bill (somehow mistakenly given the label of…