Increasing the debt limit guarantees that the US will pay the debt it has – it doesn't stop the government from going deeper into debt. That requires unpopular policy changes.
The tax cut deal that President Obama signed Friday costs $858 billion, making the cause of deficit reduction that much more challenging. But deficit hawks still see some hopeful signs.
Politicians from the left and right have responded with knee-jerk objections to the report from the co-chairs of President Obama's deficit commission. It's time for the adult conversation to begin.
On Wednesday, 56 Democrats and one Republican said that any effort to reduce the federal debt needs to include defense cuts. They called for an independent commission to take up the issue.
Americans have lost sight of the connection between the government we desire and the taxes we are willing to pay. Responsible government doesn't have to mean zero deficits, but it does require planning for a better future.
President Obama's economic team is leaving, and their replacements have not yet been announced. How did the outgoing team do?
Don't like what Democrats have offered so far to cure unemployment? Here's a look at the Republican plan to create jobs – and what economists think of it.
The small gap in Social Security is projected to increase over time, making a strong case for reforming the system sooner, rather than later.