deficit

[OP-ED]: Deficits forever?

 07/20/2017 - 12:15
The federal budget remains badly out of whack, even though we are near or at “full employment” (June unemployment rate: 4.4 percent). We cannot afford tax cuts; we need tax increases.

House Republicans, who are now deliberating the government’s 2018 budget, pledge to eliminate deficits within a decade. Well, good luck with that. It must be obvious that chronic deficits reflect a basic political impasse that can be broken only if majorities in Congress do things they’ve refused to do: trim Social Security benefits; raise taxes significantly; control health spending. There is a giant mismatch between what Americans want from government and what they’ll pay for with taxes.

Thursday, July 20, 2017 - 11:57am

[OP-ED]: ¿Déficits para siempre?

 07/20/2017 - 12:10
El presupuesto federal permanece en muy mal estado, aunque estemos cerca de un “empleo pleno” (Tasa de desempleo de junio: 4,4 por ciento). No podemos permitirnos recortes de impuestos; necesitamos aumentos de impuestos.

Los republicanos de la cámara baja, que ahora están deliberando sobre el presupuesto de 2018, prometen eliminar los déficits en una década. Bien, buena suerte con eso. Debe ser obvio que los déficits crónicos reflejan un impasse político básico que puede ser interrumpido solo si las mayorías del Congreso hacen lo que se han negado a hacer: recortar los beneficios de seguridad social; aumentar los impuestos significativamente; controlar los gastos de salud. Hay una gran discordancia entre lo que los estadounidenses quieren del gobierno y lo que están dispuestos a pagar en impuestos.

Thursday, July 20, 2017 - 11:57am

Senate healthcare reform bill would leave 22 mn without coverage

 06/27/2017 - 07:22
People protesting the proposed Republican healthcare legislation during the annual New York LGBT Pride March in New York, New York, USA, 25 June 2017. EPA/JUSTIN LANE

A report by the CBO, an independent government agency says the Senate Republican health-care bill would result in 22 million people losing their insurance over the next decade. That’s little improvement over the unpopular House version, though the bill’s deep spending cuts would reduce the deficit by $321 billion in the same period.

Tuesday, June 27, 2017 - 7:15am
Plain Text Author: 
EFE

[OP-ED]: Trump’s NAFTA delusion

 06/16/2017 - 08:41
El presidente mexicano, Enrique Peña Nieto agradeció la visita de la canciller alemana, Angela Merkel, en un "momento crucial" y destacó la visión compartida de ambos países en democracia, libre comercio, medio ambiente y derechos humanos. EFE

The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) -- which created a single market from Mexico’s southern border to the Yukon -- but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada.

Friday, June 16, 2017 - 8:15am

Republican healthcare plan will cost 23 million people their coverage, CBO says

 05/25/2017 - 03:55
Republican Speaker of the House from Wisconsin Paul Ryan speaking to the media, in the US Capitol in Washington, DC, USA, 18 May 2017. EPA/JIM LO SCALZO

The healthcare reform proposed by President Donald Trump to "repeal and replace" ObamaCare, and which was narrowly approved by the Republican-controlled House of Representatives, would leave 23 million people without healthcare coverage over the next decade, the Congressional Budget Office said Wednesday.

Thursday, May 25, 2017 - 3:45am
Plain Text Author: 
EFE

A Tea Miracle: Small Chinese city of Zunyi transforms tea industry

 05/01/2017 - 12:43
A woman harvests tea leaves at the plantation near the city of Zunyi, Guizhou province, China, 29 April 2017 (issued 01 May 2017). EPA/ROMAN PILIPEY

The small southern Chinese city of Zunyi, an emblematic place where Mao Zedong took the reins of the Communist Party, is now a pioneer in implementing a new system of land distribution that has transformed the tea industry, an economic engine of this area.

Monday, May 1, 2017 - 12:30pm
Plain Text Author: 
EFE

Trump administration announced a tax reform that means: "cut taxes for the rich"

 04/27/2017 - 03:35
US Treasury Secretary Steven Mnuchin (R) and National Economic Director Gary Cohn (L) participate in a news conference to discuss the tax reform plan of US President Donald J. Trump, in the James Brady Press Briefing Room at the White House in Washington, DC, USA, 26 April 2017. EPA/MICHAEL REYNOLDS

Treasury Secretary Steven Mnuchin on Wednesday outlined President Donald Trump"s tax overhaul plan, which calls for slashing the corporate tax rate from 35 percent to 15 percent. Critics immediately called it “basically a huge tax cut for the rich”.

Thursday, April 27, 2017 - 3:15am
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