Tag Archive for Federal Reserve

Republican Deficit Hawks Should Call for End of Bush Tax Cuts

Quick. What’s the biggest drain on our federal budget?  Two wars off the books? TARP and other federal bailouts? The stimulus?  According to the Congressional Budget Office (CBO), the answer can be found in the Bush Tax Cuts which benefitted the wealthiest 1 percent of all Americans and proved anemic at job growth and economic…

Fed Chief Bernanke: Moderate Recovery Signals Time to Cut Deficits

“On balance, the incoming data suggest that growth in private final demand will be sufficient to promote a moderate economic recovery in coming quarters,” Bernanke said in testimony to Congress today. “Significant restraints on the pace of the recovery remain, including weakness in both residential and nonresidential construction and the poor fiscal condition of many state and local governments.”