david cameron

Obama's Cuts: Less Than Meets the Eye, Thankfully

A parade of Republicans immediately lined up to attack the president's proposed budget this week, claiming the plan falls short of making a real difference. They're right. And that's good, because really deep reductions are the last thing the economy needs right now.

Why Global Deficit Cutting Could Sink Recovery

For Germany, Britain and the U.S., three of the world's major economies, their lawmakers' rush to cut budget deficits is the worst thing to do now. By taking demand out of their economies at this crucial time, they could spark another recession.