deficit

Deficit Reduced Substantially, But Sequester Still Killing Jobs

Deficit Reduced Substantially, But Sequester Still Killing Jobs
President Obama's tenure has been marked by a dramatic decrease in the deficit. Some of the causes have been positive – increased taxes on the rich, an economy slowly but surely coming out of a dire recession – but one cause is by and large negative: the sequester. That policy blunder has cost the nation hundred of thousands of jobs, just when we need it most.
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Stimulating Visual: The Stimulus' Impact Is Easy to See

Stimulating Visual: The Stimulus' Impact Is Easy to See
Did the “stimulus” work? Republicans claim it was a failure, a waste of money, and was the reason the deficit soared. However, an updated version of familiar graph clearly shows the benefits of the much-derided stimulus package.
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As Workers Suffer, Conservative House Manufactures Budget Crisis

As Workers Suffer, Conservative House Manufactures Budget Crisis
Over 21 million people are in need of full-time work. Wages are stagnant. The too-big-to-fail banks are bigger and more concentrated than ever. The wealthiest Americans have captured virtually all of the rewards of growth, while most Americans have yet to experience any recovery. Now the Republican Party in the Congress is concocting another manufactured budget crisis.
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Repealing Sequester Would Create 900,000 New Jobs

Repealing Sequester Would Create 900,000 New Jobs
The Economic Policy Institute did some calculations last week and reported that “Repealing Sequestration Would Create 900,000 New Jobs in a Year.” What's worse is that the cuts aren't even saving the American public money.
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Dave Johnson
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The Deficit Is Down By Half but PolitFact Says It’s OK To Say It's Growing

The Deficit Is Down By Half but PolitFact Says It’s OK To Say It's Growing
Republican Majority Leader Eric Cantor was caught in an outright falsehood about the country’s deficit, and how PolitiFact backed him up. Fact: the deficit is down more than 50% from where Bush left it. Fact: the deficit is falling at the fastest rate since the end of WWII.
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Give It Away Now: May Trade Deficit Drained $45 Billion From US Economy

Give It Away Now: May Trade Deficit Drained $45 Billion From US Economy
The trade deficit is a measure of how much money and how many jobs we are transferring in or out of the country. The May trade deficit was just reported, and at 12 percent, the jump was a sharp one. As a result, the U.S. is losing trillions of dollars, millions of jobs, entire industries and, perhaps, our future.
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Farm Bill Would Cut Food Assistance for 170,000 Texans

Farm Bill Would Cut Food Assistance for 170,000 Texans
On Wednesday, the House advanced a farm bill that includes $2 billion in cuts to the Supplemental Nutrition Assistance Program (SNAP, or food stamps). According to the Texas Food Bank Network, these cuts would force over 170,000 Texans off of food assistance immediately and eliminate 482 million meals.
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Deficit Fixed: Now Fix the Job, Wage, and Trade Gaps

Deficit Fixed: Now Fix the Job, Wage, and Trade Gaps
The deficit is now down 60 percent as a percent of gross domestic product. It is down more than deficit hawks Alan Simpson and Erskine Bowles asked for. This rapid reduction is seriously hurting the economy and jobs, but demands for cuts continue. It is time for Congress and the President to “pivot” to focusing on our real problems: the jobs gap, the wage gap and the trade gap.
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What Deficit Problem?

What Deficit Problem?
Washington remains focused on a “deficit problem” when there is no deficit problem. According to the Congressional Budget Office (CBO) the 2013 budget deficit will be down 60 percent as a share of gross domestic product from President Bush’s fiscal year 2009 deficit (from 10 percent to 4 percent of GDP).
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Studies Find: DC Does What Wealthiest Want, Majority Opposes

Studies Find: DC Does What Wealthiest Want, Majority Opposes
Why do policymakers focus so intently on the deficit issue? Because the small minority of wealthy individuals that see the deficit as the nation’s priority have more clout than the majority that didn’t.
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