The administration has lowered its deficit projections from last February but cautions that further action is needed to invigorate the economy in the short term and hold down deficits in the long run.Jack Lew, director of the Office of Management…
This week Sen. Tom Coburn (R-Ok.) proposed a comprehensive plan to reduce projected federal borrowing by $9 trillion over ten years and the bipartisan “Gang of Six” senators outlined a $4 trillion deficit-reduction plan to their colleagues. President Obama this…
Vice President Joe Biden says the budget talks he chairs are “getting down to the hard stuff” and aiming to curb deficits by $4 trillion over the next decade or so. That's ambitious goal which would be hard to achieve…
Two budget experts who are part of The Concord Coalition’s Fiscal Solutions Tour emphasize the importance of Medicare reform in separate blog postings on The American Square.Joe Antos of the American Enterprise Institute criticizes elected officials who downplay Medicare’s impact…