Robert J. Samuelson

Orszag: Forget About Balancing the Budget

Does the Obama administration ever plan to balance the budget? Apparently not. In a speech at New York University, Peter Orszag, head of the Office of Management and Budget, suggested that the administration's goal was to reduce the deficit to a "fiscally sustainable level," which he said is "roughly 3 percent" of gross domestic product (GDP).

Bending the Curve─The Wrong Way

Obama administration officials have repeatedly emphasized the need to "bend the curve" of health-care costs. Reducing increases in health spending, they argued, was essential to controlling future federal budget deficits and making insurance affordable for most Americans.

The Comeback American Consumer?

Here's some good news for the United States and the rest of the world: the American consumer may not be dead after all.  Conventional wisdom holds that typical U.S. shoppers are so traumatized by high debt and rising unemployment that their spending will remain subdued for years.