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Blog posts : "deficit"

Senate budget chairman urges action on deficit

WASHINGTON – The chairman of the Senate Budget Committee says the nation faces the real possibility of becoming a "second tier economic power" if it fails to address the trillion-dollar-plus deficit. He says changes to Social Security and Medicare are imperative.

Democrat Kent Conrad of North Dakot…

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Government to report on $1 trillion-plus deficit

WASHINGTON – The Obama administration is set to report Friday that the federal budget deficit  exceeded $1 trillion for the second straight year, providing critics of government spending with fresh ammunition ahead of the midterm congressional elections.

The Congressional Budget Office is projecti…

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Everyone Hates Deficit Loves Spending

It's the deficit - all $1.47 trillion of it - that has most people worried. Many of them are angry.

That's the issue that gave birth to the tea party movement and compels thousands to show up at rallies across the country with signs saying such things as "I'm Not Your ATM."

That's what has put the Dem…

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3 blog posts