Tag Archives: deficit (24)

Spinning Obama’s Budget

Posted on April 11, 2013

Both parties are putting political spin on the deficit reduction contained in President Obama’s $3.78 trillion budget plan. Obama said his budget would cut deficits by “nearly another $2 trillion” over 10 years. Two prominent Republicans said it would only reduce deficits by about $600 billion. The question is: compared …
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Chained Explained

Posted on December 11, 2012 , Updated on December 13, 2012 , Corrected on December 12, 2012

Using a more accurate cost-of-living adjustment for federal benefit payments and tax brackets would cut the federal deficit by perhaps $300 billion over the next 10 years. But it faces opposition from both right and left. Economists generally agree …
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