It’s tempting to call for a pox on both political parties in the deficit debate, but the fact is that President Barack Obama has been willing to give a lot to get an increase in the debt ceiling. His original proposal -- from which he now seems to be pulling back -- called for $2 in spending cuts for every dollar in increased revenue.
Forty-eight states are spending less on colleges and universities than before the recession, as recent funding increases haven’t made up for years of cuts that pushed tuition higher, according to a report.
Expanding Medicaid, the health program for low-income people, would cost states about a third less than an estimate earlier this year by the Congressional Budget Office, a Washington-based research group calculated.
The ranks of poor Americans remained at a record high number last year, even after government-aid programs such as food stamps, housing vouchers and heating subsidies were included, the U.S. Census Bureau said today.