deficits

President Obama made headlines last month when he announced a budget wishlist eliminating a number of budget gimmicks used by Washington policymakers to, in effect, purposefully lie to the country about how much the government will collect and spend.
Breaking from previous administrations, Obama’s budget acknowledged that fighting the wars in Iraq and Afghanistan will actually [...]

Senate Minority Leader Mitch McConnell (R-Ky.) is scheduled to hold a press conference today to decry the Democrats’ stimulus package “and the trillions of dollars being added to an already $10 trillion debt,” as his statement puts it.
This is an old argument, of course. The GOP has long-fancied itself the party of fiscal responsibility, which [...]