The sequester would reduce the growth of federal spending over 10 years from $47.2 trillion to $46.1 trillion. If Washington is panicking over this, is real spending reform even possible anymore?
The Ryan budget proposes bold reforms for spending, entitlements and taxes while the Murray budget barely trims any spending, doesn't touch entitlements much and focuses on closing tax loopholes.
The last time Senate Dems passed a budget was in April, 2009. You could have flown to the moon and back 179 times during that period.
“The Ryan budget is full of [...] magic asterisks. It's not a real budget. It's a fake document," said the Nobel laureate in economics.
By raising taxes on the rich while increasing spending, Obama gets a short-term political victory that however endangers his long-term legacy with the threat of a double dip recession.
The sad reality is that the 2012 elections dynamics have left both the Republicans and the Democrats uninterested in reaching a substantive deal.
An economic recovery in the U.S. that will make a meaningful dent in the deficit has never happened before. And here's why it probably never will.
Liberals need to stop demonizing those who they want to pay more in taxes.