Federal Deficit

President Obama Reveals $3 Trillion Plan to Cut the Deficit [VIDEO]
President Obama Reveals $3 Trillion Plan to Cut the Deficit [VIDEO]
President Obama Reveals $3 Trillion Plan to Cut the Deficit [VIDEO]
In a speech given from the White House Rose Garden on Monday, President Obama proposed a $3 trillion plan to cut the deficit, with half of that amount covered by increased taxes on the wealthy and another $800 million financed by letting the Bush-era tax cuts expire. “If we are going to make spending cuts… then it is only right we ask everyone to pay their fair share … We can’t afford these specia
Commentary: GOP Leadership Never Took Deficit Reduction Seriously
Commentary: GOP Leadership Never Took Deficit Reduction Seriously
Commentary: GOP Leadership Never Took Deficit Reduction Seriously
In an attempt to appear principled and resolved, Mitch McConnell contended as recently as July 12 that “As long as this president is in the Oval Office, a real solution is attainable.” Yet in light of the realities of the debt limit increase subsequently supported by himself and Speaker Boehner, abetted by their insipid and purely symbolic plans to reduce spending… someday, it is obvious that no fix is possible as long as the current Republican “leadership” or their accommodating minions remain in the Congress.