How Many Members of Congress Could Pass Econ 101? 23 Aug 2011 | 10:11 am

In July 2011, the debate over the country’s then-$14 trillion national debt reached a fever pitch amid competing claims about the economic wisdom of cutting government spending and raising taxes. Cong...

Standard & Poor’s Downgrades U.S. Credit Rating 21 Aug 2011 | 02:38 am

On the evening of August 5th, credit rating agency Standard & Poor’s announced that it was lowering the United States’ credit rating from AAA to AA+. “Lowering the nation’s rating to one notch below ...

National Debt Hot Potato 29 Jul 2011 | 07:47 am

Moody’s Places U.S. on Review for Ratings Downgrade 14 Jul 2011 | 10:58 am

Amid concerns about the national debt and the debt ceiling, Moody’s put the U.S. credit rating under review for a downgrade. The U.S., rated Aaa since 1917, was put on review for the first time since...

Bait-and-switch, and then bankrupt 26 Apr 2011 | 04:09 am

Defeat the Debt’s executive director, Rick Berman, had an op-ed on bankrupt government programs in the Sunday, April 24th, edition of the Iowa Gazette. When a company advertises a great product at an...

Are Wealthy Americans Paying Enough in Taxes? 23 Apr 2011 | 06:01 am

In an April 13th speech describing his plan to reduce the country’s then $14 trillion debt, President Obama singled out the wealthy as a large part of the solution. “In December, I agreed to extend t...

Pledge Commercial 23 Apr 2011 | 04:54 am

“Ratings firm…cut its outlook on U.S. government debt…” 19 Apr 2011 | 07:15 am

On April 18th, the ratings firm Standard & Poor’s (S&P) downgraded the outlook of U.S. government debt from “stable” to “negative.” The ratings company believes the chances that the U.S.’s credit rat...

“Budget Rises as Most Important Problem…” 19 Apr 2011 | 06:43 am

A Gallup survey released on April 13, 2011, shows that concerns about the federal budget and our country’s deficit are rising. Currently, 17% say (the federal budget/budget deficit) is the most impor...

Top Five Myths about Reducing Our $15 Trillion National Debt 17 Feb 2011 | 09:21 am

We Can Use Income Taxes Alone to Reduce the Debt No less an authority than Erskine Bowles, the co-chair of the President’s Fiscal Commission and chief of staff to former President Clinton, has admitt...