DEFICIT
STAFF BLOG CAPITOL CHATTER Good financial news: State deficit shrinks
By Danielle Killey Minnesotas projected budget deficit for the next two years is lower than expected at $627 million, the Minnesota Management and Budget reported this morning. Legislators and Gov. ...
Posted on 2/28/13 at 10:29 AM
NEW PLATEAUS Hmm, Maybe Canada Really is on Top of the U.S.
When I was a boy, the Cannuck currency was 2/3 that of America's. I remembered the ratio by comparing it to the ratio of kilometers to miles. And though it was still cool to have Canadian coins (money...
Posted on 7/17/12 at 3:26 PM
Capitol Chatter: Let the budget debate begin, but gently
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No one expected Minnesota Democratic legislators to fully agree with Democratic Gov. Mark Dayton’s budget proposal, and they were right.
Not even Dayton thought all would be rosy: “I don’t expect this to be popular because we are trying to make up a $1 billion deficit.”
By Don Davis , January 27, 2013
PAUL KRUGMAN: Don’t worry, be happy, at least about the deficit
It’s hard to turn on your TV or read an editorial page these days without encountering someone declaring, with an air of great seriousness, that excessive spending and the resulting budget deficit is our biggest problem.
By Paul Krugman , January 20, 2013
Tom Osowski, Minto, N.D., letter: Medicare age hike would hurt millions 
I wish Sen. Kent Conrad, D-N.D., former Sen. Alan Simpson and other “deficit hawks” would change their focus and channel their energies toward regaining control of our health care system.
By Tom Osowski , November 29, 2012
OUR OPINION: Sorry, Grover; CEOs say, ‘Cut a deal’
Republicans Rick Berg, John Hoeven and Kevin Cramer should follow the lead of the Wall Street Journal’s CEO Council by supporting a grand bargain, thereby putting America first, North Dakota second — and Grover Norquist, if he’s on the list at all, a very distant third.
By Tom Dennis for the Herald , November 20, 2012
OUR OPINION: Heed CEOs’ call for a debt plan
The Simpson-Bowles proposal is bipartisan, it’s realistic — and now that the chief executives of some of America’s leading employers have weighed in, it can and should be done.
By Tom Dennis for the Herald , October 28, 2012
Jan Raaen, Erskine, Minn., letter: ‘Just say no’ to recess appointments, more debt
We need a president and Congress who know how to reduce spending and get our fiscal house in order.
And we can’t afford to wait four years, either.
By Jan Raaen , January 21, 2012
Rodger Wyman, Grand Forks, letter: Cutting payroll tax hurts Social Security
Given all of the intelligence in Washington, I think the lawmakers should realize they are making our economic prospects worse.
And we voted for them to serve in Congress?
Maybe we are lacking intelligence when we elect them to office.
By Rodger Wyman , January 09, 2012
Roland Riemers, Grand Forks, letter: A step-by-step guide to balancing the budget
The congressman or senator who proposes and passes the largest amount of cuts shall be declared the presidential candidate for his or her party in 2012.
By Roland Riemers , December 05, 2011
Ed Rasmussen, Bagley, Minn., letter -- How to fix Minnesota’s budget: Elect Democrats
Government is not the problem. The problem is fair taxation.
But that’s not going to be achieved as long as the Republicans control the Legislature or governorship.
By Ed Rasmussen , December 05, 2011
OUR OPINION: Dust off the Simpson-Bowles deficit plan
It’s not much of a snowball at this point: bigger than a softball, but not as big as a basketball, maybe.
Big enough to be noticed, in other words. But that’s about it.
Except …
By Tom Dennis , November 28, 2011
Minnesota to release report detailing costs, savings from state shutdown
The shutdown idled 22,000 state employees, halted road work at the height of a short construction season, suspended lottery ticket sales and some services to the vulnerable and even interrupted the flow of alcohol to some bars. The report was expected to analyze the amount saved from withheld paychecks versus revenues lost in other areas.
By Associated Press , November 21, 2011
Deficit-cutting supercommittee's possible failure could lead to more debt
If the deficit-cutting supercommittee fails, Congress will face a crummy choice. Lawmakers can allow payroll tax cuts and jobless aid for millions to expire or they extend them and increase the nation's $15 trillion debt by at least $160 billion.
By Andrew Taylor , November 19, 2011
Obama cites jobs payoff from Asia trip
After a nine-day trip through Asia in which he showed command on the world stage, President Barack Obama is headed back to debt-deadlocked Washington, where he'll confront fresh reminders of the limits of his power at home.
By Erica Werner , November 19, 2011
Sharper defict cut in 2012 promised by Greece
Greece predicted today that its budget deficit will fall sharply next year, helped by a bond writedown, and insisted that no fresh austerity measures will be needed to plug a hole in this year's finances. Submitting the 2012 budget, Finance Minister Evangelos Venizelos said the deficit will shrink from an expected 9 percent of gross domestic product this year to 5.4 in 2012 year, lower than previous targets.
By Derek Gatopoulos and Nicholas Paphitis , November 18, 2011
Edward Halas, Grand Forks, letter: Big-spending GOP now wants balanced budget
When George W. Bush became president, he inherited a balanced budget and a budget surplus as far as the eye could see. When Obama became president, he inherited a financial disaster and budget deficits as far as the eye could see.
By Edward Halas , November 12, 2011
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