Debt

8:23am

Tue April 16, 2013
The Two-Way

IMF Lowers 2013 Economic Growth Forecasts

Originally published on Tue April 16, 2013 10:30 am

The IMF says economic woes in places like Cyprus will tamp down global growth.
Patrick Baz AFP/Getty Images

The International Monetary Fund has lowered its projections for global economic growth, including in the United States, citing sharp cuts in government spending and the struggling eurozone.

The Washington, D.C.-based international lender's World Economic Outlook shaved its 2013 forecast to 3.3 percent from 3.5 percent. It also trimmed its projection for 2014 to 4 percent from 4.1 percent.

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7:35am

Sat February 23, 2013
It's All Politics

Liberal Watchdog Group: 'Fix The Debt' Movement More Astroturf Than Grassroots

Originally published on Sat February 23, 2013 1:03 pm

The liberal watchdog group Center for Media and Democracy says Fix the Debt — a key unit in philanthropist Pete Peterson's corps of organizations to battle the national debt — is a pro-business effort masquerading as a grassroots movement.

In a conference call with reporters Friday, CMD director Lisa Graves called Fix the Debt "an Astroturf supergroup that is exceedingly well funded." The term "Astroturf" refers to groups that appear to be citizen-organized but actually have their roots at consultants' offices inside the Capital Beltway.

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3:49am

Thu February 14, 2013
Politics

Obama Tries To Move Spotlight Off Deficit Reduction

Originally published on Fri February 15, 2013 1:05 am

Transcript

LINDA WERTHEIMER, HOST:

Pre-school is one example of how President Obama says the government can play a constructive role in the U.S. economy. In his State of the Union speech, President Obama tried to refocus a debate that, for two years, has been all about cutting. The president is highlighting government programs that even many Republicans support.

Here's NPR's Scott Horsley.

SCOTT HORSLEY, BYLINE: The U.S. economy is slowly recovering from the Great Recession, but President Obama says the government could be doing more to help.

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1:32am

Mon December 31, 2012
Planet Money

The Fiscal Cliff: A Love Story

Originally published on Mon December 31, 2012 3:46 am

America, if you're scared by all the talk you've been hearing about the fiscal cliff, take heart: There are reasons for people across the political spectrum to love the cliff.

There's a lot for liberals to like in the fiscal cliff, says Matthew Yglesias, who writes wonky articles about economics for Slate.

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7:45am

Fri December 28, 2012
Planet Money

A Hitler-Themed Piggy Bank, And Other Ways The U.S. Sold War Bonds

Thomas Lamb's "Adolph the Pig." The message scribbled on top reads "Save for Victory and Make Him Squeal."
Courtesy of the Museum of World War II, Boston. On display at the WWII & NYC exhibit, New-York Historical Society.

Wars are expensive, and governments have always borrowed money to fight them. But it wasn't until the 20th century — the age of advertising — that governments started using war as a marketing tool to encourage citizens to buy government bonds.

To raise money for World War I, the U.S. government issued "Liberty Bonds," and launched an ad campaign full of dramatic, frightening posters.

For World War II, the government ditched the "liberty" euphemism and got straight to the point. It issued "war bonds," which were accompanied by a massive promotional campaign.

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