Deficit

If there’s one mantra that’s always recited by politicians it’s “The American people want this,” and “The American people want that.” But based on the congressional gridlock surrounding the country’s deficit, it’s clear Republicans and Democrats are oblivious to what the American people really want, or need for that matter. Republicans and Tea Party members […]

WASHINGTON — President Barack Obama said he will veto conservative Republicans’ “Cut, Cap and Balance” fiscal plan if it makes it to his desk. A statement from the White House rejected the plan, which conditions a debt limit hike on a constitutional amendment that would require the government to balance its books each year. The […]

WASHINGTON — If lawmakers fail to reach a compromise on the nation’s deficit, it would not be the first time America defaulted on its loans…sort of. According to a report in The Washington Post, in 1979 the U.S. reached a last-minute approval that resulted in technical malfunctions in processing the backlog of paperwork, and subsequently […]