To all the people who believe that a constitutional requirement forcing Congress to pass a balanced budget every year will make the federal debt (and yes, there is a difference between a debt and a deficit: deficit being how much money we have to borrow per year, debt being how much money we have borrowed … Continue reading
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
In January 2009, then president-elect, Barack Obama, rode into Washington, DC on an Amtrak train. His, pre-inaugural, one-day trip was a symbolic nod to Lincoln’s similar journey, some years ago. Exactly one month later, now, President Obama signed in-to-law the American Recovery and Reinvestment Act (ARRA). The ARRA, among other things, provided $8 billion towards … Continue reading
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.
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
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