Former New Mexico Republican Gov. Gary Johnson is sometimes referred to as a libertarian for his limited government positions, of which he says he’s seen a real embrace. And after decades of growing government spending, Johnson believes the country is finally serious about addressing the federal budget deficit. More…
DES MOINES — U.S. Rep. Michele Bachmann (R-Minn.) warned guests of an event organized Iowans for Tax Relief Friday night that America is “under attack” by a “thundercloud of debt weighing upon [the U.S.]”
“What I’m believing is, I think, the truth of where we are More…
The midterm hangover having finally worn off, the 111th Congress returns today to kick off the lame-duck session, its last hurrah before its successor takes over. And the 112th Congress will look radically different, with Republicans in control of the House and the Democratic majority in the Senate significantly reduced. More…
Senator-elect Rand Paul (R-Ky.) is among the most forthright of conservative deficit hawks when it comes to straight talk about cutting spending, but in his interview with Christiane Amanpour on ABC’s This Week, even Paul largely shied away from specifics:
“Republicans traditionally say, ‘Oh, we’ll cut domestic spending, but
The post-midterm hangover is still wearing off, but the Republican leadership is already starting to give a pretty good idea of what it intends to do once it assumes control of the House: not much.
“It’s my view that Americans are no more interested in a Republican platform for using More…
When the dust settles after election day, what will the new House Republican caucus look like? The Wall Street Journal reports that while the campaign trail rhetoric among GOP challengers has been feisty this season, Republicans in leadership are wary of shutting down government like they did following a standoff More…
This afternoon, Treasury Secretary Tim Geithner and Office of Management and Budget Acting Director Jeffrey Zients gave one final report on the United States’ fiscal year:
Due to careful stewardship of the emergency programs, their effect on the deficit was much smaller than previously estimated. The Troubled Asset Relief
Republican leaders have been dishonest with the American people on how they intend to pull the nation out of a recession, President Barack Obama said Wednesday morning during a backyard chat at the home of a Des Moines family. “It’s time to make tough choices and put politics
The Center for American Progress’ Michael Ettlinger and Michael Linden do quick work dismantling the GOP’s Pledge to America, a governing platform released with great fanfare but to little applause last week. Lo and behold, cutting taxes without cutting spending leads to yawning deficits and a fatter national debt.
Today, more than 300 economists and policy experts released a letter warning that “the still-fragile economic recovery will be undercut by austerity economics of the kind being pushed by conservative politicians and by the Deficit Commission.”
The group argues that President Obama and Congress should press for legislation More…
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