Tags: Budget Deficit

Democrats' counterintuitive resistance to means-testing Medicare and Social Security

Or, Fun Facts About the Fiscal Cliff!

Raising taxes is a terrible idea but will clear the deck of one of the most effective political distractions ever concocted.

Getting rid of things like mortgage and charitable deductions wouldn't make a dent

Obama's proposed taxes on the rich won't even pay for his own planned spending increases

The "fiscal cliff" is less frightening than the bankruptcy cliff.

Majority in Gallup poll doubt he can make a dent

At a White House press conference today, President Obama reiterated his campaign argument that any deficit reduction plan must include tax hikes on top earners.

Their takeaway: don't cut too quickly and let the central banks offset contraction

Through both spending cuts and tax increases

Better late than never

Said tax hikes might be required

Nickerson could save a third of its budget and ease pressure on taxpayers

$207 billion less than last year

Also unveiled plans for workers to give uprights in exchange for shares in their employer.