deficit hawks

11 Stories

Is Ryan Really a Deficit Hawk?

Critics: His policies don't match his words

(Newser) - Paul Ryan talks a good game on deficit reduction, but his numbers don't quite match his words, critics tell NPR . Under his plan, "even with optimistic assumptions about revenues ... he still doesn't balance the budget for 20 years or so," says a federal budget analyst. "... More »

Budget Cuts Are 'Bleeding' the Economy

We need to spend to staunch the flow: Paul Krugman

(Newser) - Trying to fix the economy with budget cuts reminds Paul Krugman of an outdated medical practice: bleeding patients. This “economic bloodletting” is supposed to boost confidence, but it's a cure that just makes things worse. "Somehow, businesses and consumers seem much more concerned about the lack of... More »

Don't Just Be Afraid Amid Market Chaos—Be Angry

Deficit hawks exploited this crisis and made it worse: Krugman

(Newser) - All this stock market turbulence should make you not only afraid but mad, writes Paul Krugman in the New York Times . That's because deficit hawks have worsened the mess by "hijacking" the crisis to focus on their “favorite hobbyhorse," he writes. "What the market was... More »

Budget Deficit Will Be $1.3T: CBO

But analysts expect it to improve soon

(Newser) - Congress' budget analysts are estimating that this year's federal deficit will exceed $1.3 trillion, slightly below last year's total but still a huge ocean of red ink. The nonpartisan Congressional Budget Office said the enormous shortfall is a result of the still staggering economy, which has meant lower federal... More »

Deficit Hawks Impervious to Math, Logic

It's the '30s all over again as Germany, US cut spending

(Newser) - Paul Krugman is in Germany, and he’s sparring with deficit hawks, in this case supporters of Angela Merkel’s new austerity plan. It “feels a bit like arguing with US Iraq hawks back in 2002,” he writes in the New York Times . “They know what they... More »

Jim Bunning: Why I Dug In

He says 'enough is enough' about Democrats' spending

(Newser) - Jim Bunning is unapologetic about his one-man stand on Capitol Hill. He doesn't object to jobless benefits, he writes, but to Democrats breaking their own rules about passing bills without paying for them. "Many people asked me, 'Why now?' My answer is, 'Why not now?' Why can't a non-controversial... More »

Dems Should Be Scared of This Man—and His Budget

Rep. Paul Ryan is offering a way to avoid deficit disaster

(Newser) - President Obama's outreach to the GOP is looking pretty hollow these days: Soon after Obama told Rep. Paul Ryan that there were some aspects of his budget blueprint he agreed with, Democratic lawmakers and progressive groups slammed the radical plan as a vicious, privatizing assault on Social Security and Medicare,... More »

Beware of Deficit Hysteria

GOP's fiscal fear-mongering hurts jobless

(Newser) - The "deficit hysteria" spreading throughout Washington and the media reminds Paul Krugman of the fear-mongering about weapons of mass destruction ahead of the Iraq war. Assertions that the deficit will doom the economic recovery and undermine America's place in the world are being tossed about as if they're facts,... More »

Dems: GOP Are Hypocrites on Health Spending

Same Republicans Supported 2003 Medicare 'Giveaway'

(Newser) - Democrats are calling out Republican opponents of the health care reform bill as hypocrites, pointing out that 24 of them voted for the major Medicare expansion six years ago, when they controlled the Senate, the House, and the White House, that has added tens of billions of dollars to the... More »

Don't Fear Debt —Failed Reform Is Scarier

Krugman: We need deficits in a recession; they 'saved the world'

(Newser) - Paul Krugman isn't surprised that the projected $9 trillion deficit over the next decade is being greeted as a sign of economic apocalypse—and that commentators think it proves health care reform should be scuppered. In fact, he writes in the New York Times, it's good to run a deficit... More »

Next 100 Days Promise Real Test

(Newser) - President Obama’s efforts to reach out domestically and internationally in his administration’s infancy “have paid off remarkably,” Howard Fineman writes in Newsweek, but there are tough times ahead. “To make good on the promise of days 1-100,” Fineman writes, “Obama will have to... More »

11 Stories