Stephen Colbert Advocates Underground Solution to Deficit Debate

Matt Cherette · 09/21/11 01:48AM

President Obama waged class warfare on Monday when he announced a plan to narrow the budget deficit by increasing the minimum tax rate for those making more than $1 million a year. Republicans shot back, demanding instead that people without any money start paying taxes on that non-money. It's a classic rich vs. poor stalemate—one that Stephen Colbert attempted to solve on tonight's Report when he looked to the ground—six or so feet below it, actually—before suggesting a third party solution.

Tim Geithner Sticking Around for Another Year

Max Read · 08/07/11 01:50PM

Despite rumors to the contrary, Treasury Secretary Tim Geithner will stay in his post through the campaign season. Not because he's good at his job, so much as because confirming anyone else would be a huge pain. [Politico]

Standard and Poor's Threatens to Downgrade U.S. Again

Max Read · 08/07/11 12:25PM

It's only been one day since ratings agency Standard & Poor's downgraded the U.S. Government's credit rating from AAA to AA+, and already I've been forced to kill two people who tried to steal my food. And it could get worse! The agency says there's a one-in-three chance the U.S. will be downgraded again.