During the debt ceiling fight President Obama wanted Republicans to agree to tax increases but they refused to. Obama couldn’t even get them to agree to a tax increase trigger to improve the chances of a super committee reaching a deal. Eventually Obama offered a sequester with large defense cuts and the GOP decided that [...]

If you are truly worried about the budget deficit, which is an idiotic thing to actually be worried about at a time of incredibly low government borrowing rates and high unemployment, the place to start would be looking at the basic outline of the federal budget. From the Center on Budget and Policy Priorities: As [...]