The Affordable Care Act Aims High for Fiscal Irresponsibility
Affordable Care Act / Debt / Medicaid Expansion

The Affordable Care Act Aims High for Fiscal Irresponsibility

In budgetary terms, the Affordable Care Act (ACA) is anything but affordable. Though well-intentioned, it expands a poorly designed program and adds significant spending during a time of slow economic growth. This attempt to improve and expand health coverage to uninsured Americans is unduly expensive. In an already strained fiscal climate where the federal budget has reached … Continue reading

Economics Made Easy: Does the U.S. Have too Much Debt?
Debt / Economy / Fiscal policy

Economics Made Easy: Does the U.S. Have too Much Debt?

On Wednesday, January 25, Congress voted to raise the debt ceiling to allow more government spending until about May of this year. The sequester’s forced automatic spending cuts go into effect March 27th. Debt, spending, “fiscal cliff’, budgets, etc. keep Americans on the verge of a heart attack, and many find themselves wondering: how much … Continue reading

Let He Who Is Without Sin Cast the First Stone
America / Debt / Economy / Fiscal policy

Let He Who Is Without Sin Cast the First Stone

By Chris Hartline The American political system is broken.  Congress is broken.  Our representatives don’t represent us.  These are common refrains you hear particularly outside of Washington – though inside as well – and they possess some semblance of truth. The 112th Congress was the most unproductive Congress in 60 years and the 2nd year of … Continue reading

Why do Democrats Want to Raise Taxes?
Debt / Economy / Fiscal Cliff / Tax

Why do Democrats Want to Raise Taxes?

Last Thursday, Treasury Secretary Tim Geithner presented Congress with the Obama administration’s plan intended to avert the impending fiscal cliff. The plan was, quite literally, laughable. It called for $50 Billion in new stimulus spending, the end of Congressional authority to raise the debt limit, $1.6 Trillion in new revenues from higher taxes on the … Continue reading

The National Debt: Factors Contributing to Growth and Decline
Debt / Economy / Fiscal policy / U.S. Domestic Policy

The National Debt: Factors Contributing to Growth and Decline

Our elections may be over, but our growing national debt remains. It is also approaching unprecedented levels—last year, it exceeded 100% of GDP for only the fourth time in history. The other three times were during World War II, when we were fighting a war on all seven continents. Yet the economy is recovering from … Continue reading

America / Economy / Fiscal policy / Gov. Officials / National Security / Politics / U.S. Domestic Policy

The Sequester

http://www.youtube.com/watch?v=w2i8KZtQRTI&feature=g-upl

That crazy bill our politicians refuse to address. Featuring economic policy experts Joe Minarik and Doug Holtz-Eakin. A video by Peter G. Peterson Foundation Interns Ben Gitis of American Action Forum and Kathryn Tinker of Committee for Economic Development.

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Economy / Fiscal policy / Politics / U.S. Domestic Policy

The Sequester: Why Lawmakers Need to Act Now

Remember that debt limit fiasco last summer? Its repercussions still haunt us today. In order to motivate congress to come up with a cohesive debt reduction plan, the law passed to increase the debt limit stipulated that if the “super committee” failed to pass a plan by November 2011, across the board cuts (referred to … Continue reading