| Jan 9, 2013
It has become accepted economic wisdom that the only way to get control over America's looming budget deficits is to "reform entitlements."
The accepted wisdom is wrong.
Republicans trot out federal budget data showing a 32 percent increase in...
| Dec 31, 2012
| 11:38 PM
Hours before a midnight deadline Monday, the White House reached a tentative deal with Congress to stop an enormous tax hike for all but the wealthiest households and to postpone for two months tough decisions on how to cut federal spending.
After a rare...
| Jan 1, 2013
| 9:08 PM
A bipartisan plan to avoid federal spending reductions and tax increases that would hit Maryland especially hard won final approval Tuesday night in the House of Representatives even as outside groups warned that the bill would simply delay difficult...
| Jan 3, 2013
"It's not all I would have liked," said Republican Sen. Lindsey Graham of South Carolina, speaking of the deal on the fiscal cliff, "so on to the debt ceiling."
For Republicans, the battle over the fiscal cliff is only a prelude to the coming battle...
| Mar 8, 2013
| 1:52 PM
When Congress and the White House failed to make a deal on budget cuts March 1, sequestration went into effect, requiring federal agencies to identify $85 billion in required cuts.
The looming reductions, which will be spread across agencies —...
| Mar 6, 2013
| 9:54 AM
Economist John Kenneth Galbraith once observed that there are two kinds of market forecasters, those who don't know and those who don't know they don't know. That is well illustrated by the current disconnect between Wall Street and Main Street, as the...
| Feb 17, 2013
| 4:58 PM
A dozen neighborhood volunteers will spend their Presidents Day turning around a former city recreation center that new sponsors envision reborn as an education and community center.
After 32 years, the Barclay Recreation Center shut down in August, a...
| Feb 25, 2013
| 6:00 PM
Sixth-graders from West Middle School in Carroll County scoured the Bear Branch stream one recent morning in search of aquatic life in the dead of winter. Nathan Grella said the contents of his bucket did not appear promising.
"We just got leaves and...
| Dec 12, 2012
The "fiscal cliff" isn't nearly the biggest cliff we face -- if we're talking about dangerous precipices looming on the horizon. Here are three:
The child poverty cliff. A staggering number of our children are impoverished. Between 2007 and 2011, the...
| Dec 16, 2012
| 7:38 AM
As the fiscal cliff looms, two of Maryland's most influential congressmen have a message for those looking to the federal workforce for more savings: Look somewhere else.
"Federal workers have already been asked to sacrifice as part of the budget cuts...
| Dec 13, 2012
| 12:16 PM
Bar the door, Nelly — the Fed has abandoned all restraint and will now print money to finance the federal deficit.
To support the weak recovery, the Federal Reserve continues to keep short-term interest rates near zero, purchase mortgage-backed...
| Dec 5, 2012
I wish President Barack Obama would explain to the nation that the federal budget deficit isn't the nation's major economic problem and deficit reduction shouldn't be our major goal.
Our biggest problem is lack of good jobs and sufficient growth. And...