Why Should We Think Obama is Serious Now?

By: Nick Ottens (Diary)  |  July 17th at 06:39 AM  | 

President Barack Obama urged legislators this week to “seize the moment,” saying that they had “a chance to stabilize America’s finances for a decade, for fifteen or twenty years.” He is reportedly still pushing Republicans for a “big deal” that would include $4 trillion in deficit reduction over the next ten years. But why should we believe that he is serious about cutting spending now? | Read More »

Republicans Should Raise the Debt Ceiling

By: Nick Ottens (Diary)  |  January 18th at 12:01 PM  | 

Newly invigorated with a sense of fiscal conservatism by the rise of the Tea Party, Republican legislators in Congress will be reluctant to raise the nation’s debt ceiling this spring. But they really don’t have a choice. After billions in stimulus spending and bailing out banks and automakers, the Federal Government’s finances are in a dismal state. This fiscal year, the federal deficit is set | Read More »