Topic: Deficits

In a somewhat stunning turn of events, the House Republican leadership has decided to add $100 billion to the US deficit by passing a 10-month extension of a Social Security payroll tax cut without finding offsets to pay for it.    Read More

If you shake out the Obama budget in terms of bold headlines, it’s really a class-warfare, tax-the-rich budget. Layer upon layer of tax hikes are piled on successful investors, small-business owners, and corporations.    Read More

One has to cut when one can’t borrow any more. But that still hasn’t stopped the various interested parties and think-tanks on both sides of the Atlantic from arguing on whether this is the optimum approach or not.   Read More

These strategists aren't ruling out another credit-rating cut for U.S. debt.   Read More

A version of President Obama's "Buffett Rule" has been introduced in the U.S. Senate but it faces an enormous obstacle: strong Republican opposition. Today, Senator Sheldon Whitehouse, a Democrat representing Rhode Island, formally introduced what he's calling the "Paying a Fair Share Act of 2012."    Read More

Warren Buffett is matching a 16-year-old girl's $300 deficit-reducing donation, reports WLS in Chicago.   Read More

In his State of the Union address last night President Obama reminded the nation that education equals employment...Given the global economic challenges we confront it is essential we provide every American with the opportunity for a quality education. But that is not possible if our educational infrastructure is in disrepair.    Read More

The woman who has gained some fame as Warren Buffett's "secretary" .. she actually refers to herself as Buffett's assistant .. is "excited" about sitting with Michelle Obama during tonight's State of the Union address by President Obama.    Read More

Warren Buffett ups the ante with an offer during a Bloomberg interview to donate millions of dollars to help reduce the nation's deficit .. 15 percent of his annual income .. if at least 50 Capitol Hill lawmakers do the same.   Read More

Warren Buffett will be writing a check made out to the United States Treasury for just over $49,000 to help pay down the national debt. He's matching voluntary contributions made this year and last year by Rep. Scott Rigell, a Republican representing Virginia.    Read More