Obama’s Deficit Focus is a Complete Political Failure

By: Wednesday September 14, 2011 8:52 am

President Obama has spent a lot of time and political capital on the issue of long term deficit reduction. He made deficit reduction a top focus of the health care reform law. He create his own deficit reduction commission when Congress failed to create their own. When that failed he spend months talking about the [...]

Obama Delivers Mixed Messages on Deficits and Spending with Worse than Mixed Results

By: Monday December 6, 2010 10:59 am

After months of actively signaling weakness on extending the Bush tax cuts for the rich, President Obama is about to reach a “compromise.” According to reports, it sounds like the compromise with be a temporary extension of the Bush tax cuts for all, a year-long extension of unemployment insurance, and an extension of some of [...]

Was “Obama’s” Bipartisan Deficit Commission Doomed from the Start?

By: Friday December 3, 2010 3:41 pm

Today, President Obama’s bipartisan deficit commission failed to secure a sufficient votes from its members, so it didn’t release on official report. The chance that it would have even reached the required 14-vote minimum was remote for a variety of reasons. For example: Selecting Alan Simpson, a cranky old jerk who loves to fight, as [...]

Health Care Premiums Could Reach $23,342 by 2020

By: Friday December 3, 2010 5:45 am

The cost crisis in our health care system simply can’t be overstated. The rapid growth in cost is the driving force behind our projected long-term public debt and the growth in private health insurance premiums threaten to cripple private industry. The Commonwealth Fund is out with a new study showing just how quickly the situation [...]

Catfood Commission’s GOP Members: Ryan and Hensarling to Vote No; Coburn and Crapo, Yes

By: Thursday December 2, 2010 12:45 pm

With the 18 members of the Catfood Commission expected to vote on the Simpson-Bowles draft report on Friday, many of the members are stepping forward to declare their positions. Rep. Paul Ryan (R-WI) come out as a firmly against the proposal, while Rep. Jeb Hensarling (R-TX) said he was leaning no. According to Politico: Rep. [...]

Catfood Commission Backs Myth That We Must Increase Health Care Cost Sharing

By: Wednesday December 1, 2010 2:12 pm

Beyond the Deficit Commission’s non-report total cop-out on health care, what disturbs me is what changes they do recommend: embracing the economagic myth that the way to control health care costs is just to make regular people pay even higher co-pays, deductibles, and out of pocket costs. This idea that we can reduce overall health [...]

Simpson-Bowles Recs: Progressive Deficit Reduction All But Ignored to Further “Serious” Attacks on Middle Class

By: Thursday November 11, 2010 2:29 pm

I don’t feel like going point by point through the recommendations put forward by President Obama’s deficit commission appointees Alan Simpson and Erskine Bowles, mainly because their real goal is to advance conservative ideology; they are a wish-list of horrific, anti-middle class proposals supported by only two men with no real political power. But I [...]

Trumka: Catfood Commission Co-Chairs Just Told Working Americans to “Drop Dead”

By: Wednesday November 10, 2010 12:05 pm

What does AFL-CIO President Richard Trumka think about the recommendations made by the co-chairs of the Catfood Commission? The chairmen of the Deficit Commission just told working Americans to ‘Drop Dead.’ Especially in these tough economic times, it is unconscionable to be proposing cuts to the critical economic lifelines for working people, Social Security and [...]

James Galbraith: What Obama Could Do Now

By: Friday October 15, 2010 7:36 am

What can Obama do now, without the need of 60 votes in the Senate, to address our current problems?

President Obama, It’s Time to Can the Catfood Commission

By: Thursday August 26, 2010 9:48 am

On February 18 of 2009, FDL broke the news: Hedge Fund Billionaire Pete Peterson Key Speaker At Obama “Fiscal Responsibility Summit,” Will Tell Us All Why Little Old Ladies Must Eat Cat Food Pete Peterson, the hedge fund billionaire who made his money by not paying his fair share of taxes, has pursued a decades-long [...]