Overview for deficit

State Debt: Washington's Next Budget Headache?

As Capitol Hill takes a breather from the budget battles, here’s an overview of the unresolved debates and still-mounting spending skirmishes. Congress may have finally approved the FY11 budget this week, but the next battles have already begun. The deficit debate awaits a proposed centrist …

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Written by Steve Bell on Saturday April 16, 2011

GOP Freshmen Rally Behind Ryan Budget

The GOP allied behind Ryan's budget Friday. Yet amongst freshmen members, many who voted for the Ryan plan were also expressed support for the more aggressive RSC plan. The Republican Conference rallied around Rep. Paul Ryan budget plan this afternoon and approved the framework for the 2012 fiscal …

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Written by Tim Mak on Friday April 15, 2011

Centrists' Deficit Numbers Don't Add Up

The Gang of Six's efforts to reach a budget deal deserve praise. But by using Obama's deficit commission report as a starting point, their plan may not be much good. The Senate Gang of Six's efforts to reach a budget deal deserve a lot of praise: by putting everything including defense, security …

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Written by Eli Lehrer on Friday April 15, 2011

Obama's Right: Some Tax Breaks Have to Go

Republicans are wrong to consider any elimination of a tax expenditure as a tax hike. Many revenue expenditures should be treated as spending programs to be cut. President Barack Obama’s speech on deficit reduction left a lot to be desired: his agenda offers too many goodies for his party’s base, …

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Written by Eli Lehrer on Friday April 15, 2011

Obama's Do Nothing Deficit Plan

Obama's deficit plan is atrocious. In short, he doesn’t want to cut entitlements (so there’s no long-term solution) but he does want to raise your taxes. The deficit plan presented by Obama is atrocious. In short, he doesn’t want to cut entitlements (so there’s no real long-term solution) and he …

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Written by Andrew Pavelyev on Thursday April 14, 2011

Ryan: My Budget is a Political Winner

At an event hosted by the think tank e21, Paul Ryan responded to Obama's Wednesday budget speech and defended the political viability of his own proposal. Paul Ryan is shocked that the president has attacked his budget proposal and is now painting the GOP as a party which wants to leave seniors to …

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Written by Noah Kristula-Green on Thursday April 14, 2011

GOP Freshmen: No Tax Hikes to Cover Deficit

Freshmen Republicans reacted negatively to President Obama's speech on the deficit Wednesday, with many echoing Boehner's 'line in the sand': no new taxes. Freshmen Republicans reacted to President Obama's speech on the deficit Wednesday, with many echoing Speaker Boehner's 'line in the sand' - no …

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Written by Tim Mak on Wednesday April 13, 2011

Why This Dem Loved Obama's Speech

While he could have offered more specifics, Obama's Wednesday afternoon speech on deficit reduction gave the Democratic base what they wanted to hear. Once again, Barack Obama has given a hell of speech when he had to. While it can be argued that he could have offered more specifics, the …

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Written by Les Francis on Wednesday April 13, 2011

Obama: I'll Cut $4 Trillion

In the President's speech on how he would reduce the deficit, he spent most of his time attacking the GOP budget. Full speech transcript here . 2:43pm: This didn't feel like a policy speech, even though it was sprinkled with policy ideas. The main focus and the meat of the speech came from …

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Written by Noah Kristula-Green on Wednesday April 13, 2011

A Deficit-Cutting Fight Both Parties Can Win

The best deficit reduction plan may be one every party has issues with. Here's my roadmap to reaching a bipartisan deal. As we wait for President Obama to reveal his proposal for deficit reduction on Wednesday afternoon, I ask readers to consider my debt-cutting proposal. The Ken Silber Plan …

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Written by Kenneth Silber on Tuesday April 12, 2011

In the Next Budget Fight: Hope for a Tie

D.C.’s been obsessed with weighing the winners and losers from Friday’s budget deal. But in the larger spending fight to come there’s more at stake than political points. Washington’s been obsessed with weighing the winners and losers from last Friday’s budget deal. But in the larger spending …

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Written by Les Francis on Tuesday April 12, 2011

Budget Fight: GOP & Dems Dig in For Round Two

While the media is focused on the House GOP CR and the coming debt ceiling fight, there's another battle that's been forgotten: the 2012 fiscal year budget. The Monongahela, Allegheny and Ohio Rivers converge in Pittsburgh.  Most readers will find that fact neither new nor particularly insightfu…

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Written by Steve Bell on Wednesday March 2, 2011

Biden to Lead Budget Talks

Biden to Head Budget Talks Politico reports: With a stopgap measure in place, Senate Democrats said Wednesday that they will forestall any spending debate on the floor in favor of what they hope will be immediate budget negotiations between themselves, Republicans and a …

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Written by FrumForum News on Wednesday March 2, 2011

Boehner's Budget Truce Averts Shutdown

Boehner's two-week spending bill may have avoided a shutdown for now, but the GOP's budget woes may just be beginning. As Congress dithers on the federal budget, the states have taken the bull by the horns.  Sometimes, as in the case of Wisconsin Gov. Scott, maybe too close to the horns. …

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Written by Steve Bell on Wednesday March 2, 2011

Fighting the Deficit with Tax Reform

Congress is once again considering revamping the tax code. While real reform is years off, a few easy reforms could make a good dent in the deficit. Congress is once again considering revamping the tax code, starting with corporate taxes.  It may be heresy to say, but there was never a worse …

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Written by Hank Adler on Monday February 28, 2011

Giving Moderation a Bad Name

The so-called moderate Baucus plan announced yesterday offers no answers to the problem of rising health costs. It imposes an individual mandate, extends federal subsidies, and imposes a tax on employers to generate some expansion of coverage. But as to cost control, it proposes virtually nothing. …

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Written by David Frum on Thursday September 17, 2009