In fact, if you account for the fact that the economy isn’t operating at its full potential as we recover from the 2008 financial crisis, the deficit is right where it should be.
As the author was budgeting to avoid his own fiscal cliff, he discovered that the federal government's debt problem could also be solved by prioritizing in similar ways.
There is growing consensus that we should go over the fiscal cliff. That's good news. It's better than a lot of other options.
With just over six weeks left before the end of 2012, there’s not much time left to avoid going over the fiscal cliff. Will Congress allow that to happen?
The fiscal cliff pales in comparison to the insolvency of quickly pending for our entitlement programs. But this doesn't need to be our future. Simpson-Bowles offers a way out.
49% of households are on the government dole, 49.5% aren’t paying income taxes and 48% of our public debt is now held by foreign creditors. Unless we change paths in 2012, we're the next Greece.
Moody's negative outlook barely made news by restating what is already well known: The #1 risk to the U.S. economy is our paralyzed politics. What is less known is that there is a clear culprit.
Bob Woodward's new book "The Price of Politics" is essential for understanding the talks which went on regarding the debt ceiling in 2011, and how Obama was unprepared for such economic struggle.