Deficit reduction in the United States
Latest figures say U.S. deficit declining, economy improving
The latest economic data for the United States is encouraging. The budget deficit is declining, consumer spending is picking up and the government is collecting more in taxes. But there’s the possibility this good news could leave the U.S. in a worse position in the long run.
Judging Obama’s Deficit Reduction Plan
President Barack Obama outlined a comprehensive plan on Wednesday to reduce the nation’s looming deficit by $4 trillion over the next 12 years. His plan, which includes tax increases for the wealthy, changes to social welfare programs and long-term spending cuts, was offered as a Democratic alternative to the proposal put forward by Rep. Paul […]
Carbon emissions cap is among the creative ways to pay for government spending
Among the more creative ways the White House plans to pay for its spending is a carbon emissions cap that the President says will produce $150 billion. The money would finance renewable energy projects and pay for middle-class tax credits.