When John Boehner picked up the Speaker's gavel in January 2011, he also laid down some new rules regarding the U.S. national debt. Despite the near-doubling of the red ink and the seven debt limit increases under President Bush (all of which Boehner supported), the first Boehner Rule demands "cuts and reforms greater than the […]

While Congressional Republicans are threatening to trigger a U.S. default if their debt ceiling blackmail is not paid, their allies in the conservative blogosphere are deploying the same chart to attack President Obama's supposedly out-of-control spending. But their horrifying picture of the yawning gap between in federal receipts and outlays between 1999 and 2012 isn't […]

With the fiscal cliff averted, Congressional Republicans are turning to their next--and more important--hostage. Without draconian spending cuts, they promise, the GOP will block any increase in the debt ceiling of the United States. In response, President Obama said, "I will not have another debate with this Congress over whether or not they should pay […]

If nothing else, the right-wing temper tantrum over Tuesday's "fiscal cliff" agreement is rich with irony. After all, the "crisis" was never really about deficit reduction (which the expiration of the Bush tax cuts would have handled quite nicely) but the very real danger of slashing the national debt too fast and thus triggering an […]

As President Obama and Congressional leaders negotiate in Washington, the American people need to keep a couple of things in mind about the looming "fiscal cliff." For starters, the issue is not that the national debt will go up (which roughly half of those in one poll believe to be the case), but that it […]

France has been a bogeyman of the American right for years. Mitt Romney, after all, made enmity towards Paris' "big government, big taxation, welfare state" a talking point of his campaign. For his part, John McCain joked that the French "remind me of an aging movie actress in the 1940s who is still trying to […]

Following his meeting with Congressional leaders Friday, President Obama declared he was "modestly optimistic" a deal could be reached to avoid the January 1st "fiscal cliff." But if Democratic Senate Majority Leader Harry Reid and Republican Minority Leader Mitch McConnell can't come to an agreement, the President announced he would demand an up-or-down vote on […]

If you have lingering doubts that economic growth--and not deficit reduction--should be the highest priority during the debate over the so-called "fiscal cliff," the Congressional Budget Office should put them to rest. The CBO forecast that the triple witching hour of expiring Bush tax cuts, the ending payroll tax holiday and the falling axe of […]

It's bad enough that obstructionist Republicans in Congress have shattered the record for filibusters, blocked President Obama's judicial at an unprecedented rate and stonewalled economy-boosting legislation like the American Jobs Act. Now for the second time in as many years, extortionist GOP leaders like South Carolina Senator Lindsey Graham are again refusing to raise the […]

Among the very worst practices of American broadcast news is the "focus group of one." That is, reporters casually substitute the tale of a single person, company or community for actual analysis of a complex issue. And so it was Sunday, when CBS Evening News profiled Rod Hudson of Quicksilver Analytics to warn that small […]