NEWS
April 7, 2011
I completely agree with Professor Peter Morici's assessment ( "Republicans have a chance to lead on the budget: will they?" April 6) that neither political party is serious about tackling the deficit. The main driver of these budget shortfalls are health care costs. The Democrats abdicated responsibility to completely transform the system when passing the Affordable Care Act. While Rep. Paul Ryan does make significant cuts in Medicare and Medicaid, which will save the federal government trillions, his "Path to Prosperity" does not eliminate the perverse incentives that drive medical inflation.
NEWS
By Gilbert Lewthwaite and Gilbert Lewthwaite,Washington Bureau | October 28, 1992
The budget deficit has been the spectral issue of thi campaign, a threatening presence only rarely glimpsed.Yet it is the major long-term problem facing the economy. If putting America back to work is the nation's first priority this election year, then keeping it there must be its second. Almost everyone agrees the deficit must be reduced if the United States is ever to prosper again.Ross Perot, the independent candidate who has made deficit-reduction the focus of his underdog campaign, likens the deficit to the crazy aunt in the basement who everyone knows is there but no one wants to talk about.
NEWS
September 19, 2011
A whole lot of Democrats and independents were probably delighted to hear President Barack Obama demonstrate a little more resolve in the deficit reduction debate today. In unveiling his $3 billion proposal to reduce federal debt over the next decade through both spending cuts and tax increases, the president also outlined some core principles — among them that he won't support any measure that requires the middle class and poor to do all the sacrificing in order to preserve tax loopholes and other advantages for the rich.
NEWS
April 24, 2012
Deficit reduction is an important national priority, vital to our long-term economic opportunity and security. But just because it's important doesn't mean that it can be undertaken without regard to our national values. Unfortunately, the House of Representatives left values on the sideline this week when it moved forward with a shocking proposal to cut food assistance for our nation's hungry by over $33 billion. That it was done in the name of deficit reduction does not excuse the fact that cuts to anti-hunger programs at a time when need has never been greater are both reckless and short-sighted.
NEWS
By Robert Kuttner | October 4, 1993
THE Concord Coalition recently released its "Zero Deficit Plan," which proposes to eliminate the federal budget deficit by the year 2000. The plan's sponsors, former Democratic senator Paul Tsongas of Massachusetts and Republican Warren Rudman New Hampshire, also unveiled a "Debt Clock," mounted on a trailer, to be hauled around the country for photo-ops to underscore the peril of the rising national debt.The coalition was intended to be a grassroots group, sounding a national alarm in the spirit of Paul Revere ("The deficit is here!"
NEWS
By ROBERT L. TURNER | August 24, 1992
Boston -- Building the $4 trillion federal debt was a bipartisan effort. Controlling it will be, too.An innovative citizens' effort to add political muscle to the issue is off to a surprisingly strong start, with surprising supporters and opponents from both parties. Calling itself ''Lead . . . or Leave,'' the movement is asking candidates for federal office to pledge that they will not seek re-election after four years unless the annual deficit is cut in half by that time.Seven members of Congress and many more challengers signed up in the first week after the drive was announced formally in Washington with the support of retiring Sen. Warren B. Rudman of New Hampshire, a Republican, and former Sen. Paul E. Tsongas of Massachusetts, a Democrat.