Rolling out his plan to cut the national debt last week, Mitt Romney promised to "align federal employee compensation with the public sector." If so, the roughly 2.8 million federal workers whose pay has been frozen by President Obama can expect a big raise from President Romney. As the Bureau of Labor Statistics reported Friday, […]

Addressing Americans for Prosperity on Friday, Mitt Romney laid out a bevy of federal spending cuts which doubtless were music to the ears of AFP's funders, Charles and David Koch. To be sure, raising the eligibility age for Medicare and Social Security, capping Medicaid and converting the system into block grants for the states and […]

On Thursday, Republican members of the House Energy and Commerce Committee voted to subpoena all White House documents related to the lost $535 federal loan to the failed solar company Solyndra. But just one day earlier, the GOP majority on the House Natural Resources Committee blocked Democratic efforts to subpoena the CEOs of BP and […]

As the Congressional "super committee" approaches its deadline to deliver $1.5 trillion in debt reduction over the next decade, the best plan may well be doing nothing. That is, absent any action by Congress, the Bush tax cuts extended in December will expire as of January 2013 and so produce roughly $4 trillion over the […]

While the Occupy Wall Street movement and a shocking report from the Congressional Budget Office have shone a bright spotlight on America's record income inequality, the GOP's 2012 presidential field is proposing massive new tax cuts certain to expand that Grand Canyon-sized gap between the fabulously rich and everyone else. Of course, the gilded-class giveaways […]

As polling and media analyses revealed earlier this year, Republicans used the 2010 midterm campaign to completely turn the focus in Washington from job creation to deficit reduction. But now that the Occupy Wall Street movement is well into its second month, the GOP is changing its tune. We know this not only from recent […]

For social conservatives, it is often said, life begins at conception and ends at birth. If so, nowhere is that more true than in Mississippi. After all, the Magnolia State seems poised to pass Amendment 26, the so-called "personhood" initiative which by defining a fertilized egg as a human being would ban virtually all abortions […]

Among the predictable differences between the Democratic and Republican members of the so-called debt super committee is this: Democrats propose to increase revenue by raising taxes, while Republicans want to increase revenue by cutting taxes. You read that right. After Ronald Reagan tripled the national debt and George W. Bush doubled it again thanks in […]

House Budget Committee chairman and supposed GOP wunderkind Paul Ryan chose the wrong the week to attack President Obama for "sowing social unrest and class resentment." After all, just one day earlier the CBO confirmed that income inequality in the U.S. is at highest level in 80 years, a yawning gap certain to be enlarged […]

This week, the Congressional Budget Office (CBO) provided just the latest analysis confirming that U.S. income inequality is at record levels. But while the income gap is at largest in 80 years even as the total federal tax burden is at its smallest in 60, the 2012 Republican presidential field is proposing to make both […]