While President Obama dedicated a significant portion of his State of the Union speech to deficit reduction is not totally unexpected, it is truly disappointing. Not only did Obama spend more time on the deficit than on any other issue, but he placed it at the begin of the speech and effectively labeled it the [...]

Every time Washington goes through a new bout of deficit hysteria, it’s important to remember that most of the politicians warning about the dangers of the annual deficits or the national debt don’t really care about them. From the The Hill: House Republicans say they have no plans to pay for the extension of the [...]

The Obama administration’s new budget for fiscal year 2013 (begins October 2012) is apparently going to be so bad they have decided to start warning some liberals ahead of time. From The Hill: Top White House officials are warning liberal and labor leaders to brace themselves for President Obama’s budget proposal. [...] “A senior White [...]

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 [...]

The threat to Medicare is very real and pressing. Last night the President suggested he still wants to change Medicare in a way “some in his party” won’t like. We are seeing a convergence of deficit hysteria, a Democratic president who wants to have a “Nixon goes to China moment” with Medicare and powerful corporate lobbyists in pursuit of bigger profits.

The only thing worse than Washington being foolishly swept up in unnecessary deficit hysteria when our political leaders should be focused on jobs, is that all these so called “deficit hawks” entirely ignore the actual best solutions to shrink our long term deficit. That is why it is encouraging to see more regular exposure of [...]

One would think given that the level of deficit hysteria in Washington has reached such a fevered pitch that the American electorate was clamoring for our elected officials to make the federal debt their only priority. The reality according to Gallup is the opposite. The American people are almost exclusively worried about the economy and [...]

How often do you have to be wrong until you are fired by the Obama Administration? For Treasury Secretary Geithner the answer seems to be a non-zero number approaching infinity.

The country is suffering from high unemployment, underwater mortgages, and rapidly escalating tuition prices. Most regular people lucky enough to have a job are seeing shrinking benefits from health care to retirement packages
I would love to have a major political party or even a major politician simple tell the American people they actually don’t need to keep suffer.

I’m beginning to suspect the Republican’s decision to hold the debt ceiling hostage to demand only big cuts in spending and President Obama’s almost enthusiastic desire to play along was a way to deal with the problem of the nonexistent bond vigilantes by actively creating some. Most of the elites in Washington would love to [...]