December 4, 2013 |
WASHINGTON - President Obama on Wednesday declared an end to the war on budget deficits and pledged instead to fight the "deficit of opportunity" for the poor and middle class. In a lengthy speech on his economic priorities, Obama said the federal deficit was under control and no longer presented a serious threat to the economy. "When it comes to our budget, we should not be stuck in a stale debate from two years ago or three years ago," Obama said at a nonprofit social services center in a poor neighborhood in the capital.
December 2, 2013 |
Opponents of the Affordable Care Act never stop producing new tricks to undermine the reform's effectiveness. But leave it to California Republicans to reach for the bottom. Their goal appears to be to discredit the act by highlighting its costs and penalties rather than its potential benefits. The device chosen by the Assembly's GOP caucus is a website at the address coveringcaliforniahealthcareca.com . If that sounds suspiciously like coveredca.com , which is the real website for the California insurance exchange, it may not be a coincidence.
September 17, 2013 |
WASHINGTON - The federal deficit has shrunk to its lowest level since 2008, according to a report released Tuesday, but House Republicans will begin the next budget battle this week with a vote that threatens to shut down the federal government unless President Obama agrees to halt his healthcare law. The deficit has dropped from its peak at the start of the Great Recession and is on track to decline even more thanks to an improving economy, higher...
June 20, 2013 |
Opponents of immigration reform must be having a tough week. First, the Congressional Budget Office released a report Tuesday that found that a bipartisan Senate bill that proposes legal status for immigrants who are illegally in the country, along with tougher enforcement, would help the U.S. economy. The highly anticipated CBO report directly challenges one of the favorite claims made by some immigration hawks, including Rep. Steve King (R-Iowa), who argue that any bill that favors a path to legal status for the millions of immigrants illegally in the country would cost a fortune and hurt American workers.
June 19, 2013 |
A Senate bill meant to offer a pathway to citizenship for the estimated 11 million people in the U.S. who entered illegally or stayed on expired visas could trim the deficit by about $175 billion over the next 10 years, according to a federal report. The report from the Congressional Budget Office and Joint Committee on Taxation also found federal budget deficits would decrease by about $700 billion from 2024 to 2033. “However, the net impact of the bill on federal deficits would depend on future actions by lawmakers, who could choose to appropriate more or less than the amounts estimated by CBO,” the report said.
June 11, 2013 |
The U.S. economy is improving, yet Congress seems still to be in the grip of the delirium that shrinking the deficit in the near term is still a matter of paramount urgency. That's what's prevented lawmakers from dealing with their real task, which is to jolt the miserable jobs recovery into a higher gear and lift the budget sequester, one of the outstanding examples of mass insanity the country has ever seen. Consider the sequester as exhibit A. That's the package of mandated budget cuts enacted as part of the deal to raise the debt limit in 2011.