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Keyword: bhobudget

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  • White House pushes Obama budget, warns Republicans about 'my way or highway' tactic (Hurl Alert)

    04/07/2013 4:27:25 PM PDT · by Kaslin · 54 replies
    AP via Fox News.com ^ | April 7, 2013
    The White House tried Sunday to win support for President Obama’s forthcoming budget, arguing the plan is a balanced approach to economic prosperity and warning Republicans about stonewalling negotiations and pushing a “rejected” Romney plan. “Right now, the approach of many Republicans, particularly the leadership in the House, is my way or the highway,” senior White House adviser Dan Pfeiffer told “Fox News Sunday.” “Their view is the only acceptable plan is to try to … essentially enact the Romney economic plan. The American people rejected that, and Republicans shouldn't be doubling down on it.” The White House effort comes...
  • Lindsey Graham Stunner On NBC: He Likes Some Of Obama’s Budget Proposals

    04/07/2013 6:17:06 PM PDT · by markomalley · 29 replies
    Mediaite ^ | 4/7/13 | Garrett Quinn
    South Carolina Senator Lindsey Graham surprised many this morning on Meet The Press when he said he liked some of the provisions in President Obama’s expected budget. President Obama is expected to release have dinner with several Republican legislators next when he releases his new budget. Graham, who has shown openness to raising billions in new revenues in exchange for some austerity measures, is expected to be among the Senators that join the president for the dinner. One must remember, though, that the president’s budget is has no real teeth and is a blueprint on where to spend in a...
  • Congressional budget office: Fiscal policy is 'unsustainable' (can't be solved thru minor changes)

    04/09/2010 7:52:02 PM PDT · by NormsRevenge · 27 replies · 896+ views
    The Hill ^ | 4/9/10 | Walter Alarkon
    Fundamental changes to the federal budget will be needed to rein in unsustainable deficits, Congress’s budget watchdog said Thursday. “U.S. fiscal policy is unsustainable, and unsustainable to an extent that it can't be solved through minor changes,” Congressional Budget Office (CBO) Director Douglas Elmendorf told reporters at a Christian Science Monitor breakfast. Spending on Medicare, Medicaid and Social Security, plus defense programs and debt interest, will exceed the rest of the federal budget in 10 years if most of the 2001 and 2003 tax cuts are extended, as President Barack Obama has proposed, Elmendorf said. “It's a matter of arithmetic,”...
  • Balance the Federal Budget Online

    02/27/2010 10:09:34 PM PST · by tjbandrowsky · 25 replies · 786+ views
    Mightyware ^ | 2/28/2010 | Todd Bandrowsky
    What's often lost in the federal budget debate is that the amount of money consumed by the government also indicates the amount of time a citizen must devote his or her life to satisfy the government's want of money. To help illustrate this point, I've posted an online application (no registration required), that lets you balance the federal budget. You can either cut items, or, simply do nothing and implicitly choose to work more hours a year to pay for it. It has all the line items to a fairly good level of detail, down to Pentagon details, entitlements distributions...
  • How big is a trillion?

    03/11/2010 1:51:28 PM PST · by OldNavyVet · 65 replies · 1,221+ views
    Old Navy Vet | 11 March 2010 | OldNavyVet
    Now that our government is daily dealing in trillions of dollars, my question is ... How big is a trillion?
  • CBO: Obama 2011 budget deficit $1.2 trillion more than predicted

    03/06/2010 10:03:34 AM PST · by Starman417 · 7 replies · 352+ views
    Flopping Aces ^ | 03-05-10 | Mataharley
    AP's Andrew Taylor hits the media cyberwaves with the news that today's CBO analysis of Obama's 2011 budget plans would generate deficits totalling $9.8 trillion over the next decade.... $1.2 trillion more than predicted. But just as Harry Reid sluffed off a job loss of 36K last month as "a big day in America" Taylor also attempts to soften the blow. The agency says its future-year predictions of tax revenues are more pessimistic than the administration's. That's because CBO projects slightly slower economic growth than the White House. The deficit picture has turned alarmingly worse since the recession that started...
  • Obama Policies Projected to Add $9.7 Trillion to National Debt by 2020 (Drudge Headline)

    03/05/2010 9:19:42 PM PST · by GVnana · 12 replies · 611+ views
    WaPo ^ | 3/6/2010 | Lori Montgomery
    President Obama's proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday. Proposed tax cuts for the middle class account for nearly a third of that shortfall. The 10-year outlook released by the nonpartisan Congressional Budget Office is somewhat gloomier than White House projections, which found that Obama's budget request would produce deficits that would add about $8.5 trillion to the national debt by 2020. The CBO and the White House are in relative agreement about the short-term budget picture, with both predicting a deficit of about $1.5 trillion...
  • CBO projects $1.5 trillion deficit for 2010 in Obama budget

    03/06/2010 2:07:32 AM PST · by JohnHuang2 · 2 replies · 229+ views
    The Hill ^ | 3/6/10 | By Michael O'Brien
    The federal deficit would hit $1.5 trillion in 2010 under President Barack Obama's proposals, the Congressional Budget Office (CBO) projected Friday. The nonpartisan budget office said it projected a deficit measuring 10.3 percent of gross domestic product (GDP) this year, and a $1.3 trillion deficit in 2011 that would measure 8.9 percent of next year's GDP.
  • Obama's Call to Endeavour Astronauts Gets Awkward (Outrage Over Deep Cuts to NASA)

    02/18/2010 6:45:30 PM PST · by DogByte6RER · 18 replies · 1,580+ views
    AOL News ^ | Feb. 18 | Traci Watson
    Obama's Call to Endeavour Astronauts Gets Awkward Traci Watson Contributor (Feb. 18) -- Astronauts flying in space are used to VIP phone calls that don't always go as scripted, but Wednesday's conversation was probably one of the most awkward. President Barack Obama used his chat with the crews of the space shuttle Endeavour and the International Space Station to declare that he sees space exploration as "so important." "My commitment to NASA is unwavering," Obama said. He emphasized "how proud we are of you ... and how committed we are to continuing human space exploration in the future." A few...
  • Alan Simpson and Erskine Bowles to lead panel on reducing U.S. budget deficits

    02/16/2010 11:16:43 PM PST · by maggief · 27 replies · 751+ views
    Washington Post ^ | February 17, 2010 | Lori Montgomery
    President Obama will name Alan K. Simpson, a former Senate Republican leader, and Erskine B. Bowles, a top official in the Clinton White House, to chair a special commission to solve the nation's budget problems, administration officials said Tuesday. Obama plans to make the announcement Thursday, when he intends to sign an executive order creating the 18-member panel, which will be tasked with drafting a plan to significantly reduce soaring budget deficits by 2015. (snip) Simpson, who informed Boehner and McConnell of his decision to lead the panel, said he has little patience for such talk, especially since Republicans did...
  • Congressman: Obama’s NASA Shakeup Breaks The Law

    02/14/2010 4:00:10 PM PST · by pillut48 · 37 replies · 1,162+ views
    WASHINGTON -- One Central Florida congressman has accused President Barack Obama of breaking the law for trying to cancel contract bids for the next generation of spaceflight. According to published reports, the administration notified contractors Friday it is cancelling contracts for the Constellation and Ares programs, because the president’s latest budget cuts funding for those programs. But U.S. Rep. Bill Posey said the administration can’t do that. Posey, whose district includes parts of Brevard, Osceola, Polk and Indian River counties, said cancelling contract bids is in violation of a provision Congress put in the Appropriations Bill last year. According to...
  • NASA moon plan was an illusion, wrapped in denial

    02/11/2010 5:47:15 PM PST · by KevinDavis · 43 replies · 721+ views
    New Scientist Space ^ | 02/11/10 | Henry Spencer
    NASA's Constellation programme, which was going to fly manned capsules to the International Space Station in (maybe) 2015, to the moon in (maybe) 2020, and to Mars someday, is dead. Some people are mourning it. I'm not.
  • EDITORIAL: Rotten to the AmeriCorps (Obama-Corpse)

    02/10/2010 12:06:19 PM PST · by pissant · 18 replies · 1,089+ views
    Wash Times ^ | 2/10/10 | Ed. Board
    Among the most wasteful of the spending in- creases hidden in President Obama's 2011 budget proposal is his plan to create an army of government-funded community organizers at the shocking price of $1.4 billion. While the economy reels and many taxpayers are looking for ways to trim their personal spending, the president is demanding a whopping 59 percent boost for the Corporation for National and Community Service and its best-known program, AmeriCorps. It's time to pull the plug on both. The spirit of volunteerism has never been in short supply in America, and there is no need for a federal...
  • Olbermann's 'Federal Budget Debt a Good Thing' Staggeringly Stupid

    02/10/2010 7:01:43 AM PST · by icwhatudo · 24 replies · 1,078+ views
    NewsBusters ^ | 2-10-10 | Noel Sheppard
    On a nightly basis, MSNBC's Keith Olbermann pompously presents himself as being the smartest guy in the room as he belittles every leading Republican in the nation. But on Tuesday, the "Countdown" host exhibited a staggering level of ignorance as he claimed "federal budget debt" -- whatever that is! -- as a percentage of Gross Domestic Product is "about the same as it was in 1970," and "far less than it was throughout the Reagan administration." To begin with, there is no "federal budget debt." There's a federal budget DEFICIT and federal DEBT. That this self-proclaimed genius doesn't know these...
  • 'Almost Breathtaking In Its Stupidity' (Homer Hickam on Obama moon plan cancellation)

    02/09/2010 8:41:08 AM PST · by Names Ash Housewares · 48 replies · 1,238+ views
    wvmetronews ^ | 02/02/2010 | Metronews Talkline
    "You can't be a great country without doing great things and a great thing would be to return to the Moon and build a laboratory there and open it up to the world," Hickam said on Tuesday's MetroNews Talkline. Hickam says he's angry about the cut. "It's really a foolish decision to take away the goal of going back to the Moon. I can certainly see figuring out a better way of doing it, but simply to take away the goal, I think, is so shortsighted and so foolish that it's almost breathtaking in its stupidity."
  • (NASA Johnson Space Center) JSC chief 'anxious' about facility's future

    02/09/2010 11:21:25 AM PST · by a fool in paradise · 37 replies · 452+ views
    Houston Chronicle ^ | Feb. 8, 2010, 9:57PM | ERIC BERGER
    ...In his first public comments since the release of President Barack Obama's proposed NASA budget last week, Mike Coats said the space center will have to find new missions besides the International Space Station to replace the waning space shuttle program and the seemingly doomed Constellation program... Of the 17,000 civil servants and contractors who are funded through Johnson Space Center's programs, 7,000 work under the shuttle and Constellation programs. ...Obama's proposed wholesale cancellation of Constellation — NASA's next-generation exploration program that entailed development of rockets to carry humans to orbit, the moon and beyond as well as a versatile...
  • NASA's Bolden - No Human Space Exploration Until 2030

    02/07/2010 12:11:41 PM PST · by Marcus · 79 replies · 1,671+ views
    Associated Content ^ | February 7th 2010 | Mark R. Whittington
    NASA administrator Charles Bolden met with the media in advanced of the flight of the space shuttle Endeavour STS 130, now planned for Monday morning. Bolden offered some astonishing admissions about the Obama space plan.
  • Why the hell are we scrapping the shuttle??

    02/08/2010 2:04:31 AM PST · by djf · 35 replies · 720+ views
    Let's do away with pasteurized milk and stop using polio vaccines, stuff like that...
  • Launching NASA on a Path to Nowhere: Analysis (4 time shuttle astronaut rips Obama plan)

    02/06/2010 12:42:42 AM PST · by Names Ash Housewares · 94 replies · 1,066+ views
    Popular Mechanics ^ | February 2, 2010 | Tom Jones
    The president released his FY 2011 budget Monday, and his policy for NASA's human spaceflight program sets the nation on a course to second-class status in space. Instead of setting our national sights on the moon, nearby asteroids, or more distant destinations, President Obama is declaring that human spaceflight is unimportant to U.S. national interests. He's not saying so directly. But his budget actions speak loudly. He has cancelled NASA's next-generation Constellation Program, including the Orion spacecraft and both rockets planned to return American explorers to deep space, to the moon and beyond
  • Obama’s Proposed 2011 Budget Allows Coin Composition Changes

    02/08/2010 9:00:06 AM PST · by qam1 · 24 replies · 993+ views
    Coin Update News ^ | 2/3/10 | Michael Zielinski
    Will the increased cost of base metals finally bring about a change to the composition of coins? President Obama's recently submitted 2011 Budget includes a proposal to allow the United States Mint greater flexibility in the material composition of coins for the purpose of reducing production costs. Since 2006, it has cost the US Mint more than face value to produce and distribute the penny and nickel. This has led many to debate the merits of eliminating the lower denominations or at least altering the compositions. In 2008 a bill was introduced known as the Coin Modernization and Taxpayer Savings...
  • Bleak Unemployment Assumptions in Obama Budget

    02/05/2010 4:15:04 AM PST · by Erik Latranyi · 12 replies · 546+ views
    ABC News Political Punch ^ | 4 February 2010 | Jake Tapper
    President Obama doesn’t think unemployment within the next decade will return to the relatively low level it was in 2007 when he launched his presidential campaign, at least according to supplemental documents to his Fiscal Year 2011 budget. Whether you consider the president’s assumptions about unemployment bleak or realistic, they will likely not come as welcome news to the millions of unemployed and underemployed – or to Democrats hoping to win elections in the next decade. In the supplemental volume “Analytical Perspectives,” the Obama administration estimates that the annual average rate of unemployment will remain at 10% for 2010, and...
  • Americans Should Defeat the President’s Budget

    02/02/2010 9:14:33 PM PST · by kingattax · 18 replies · 308+ views
    National Review Online ^ | February 02, 2010 | Marco Rubio
    The sheer numbers in the president’s latest spending plan are jaw-dropping: a $1.6 trillion deficit this year, $1.3 trillion next year, and a ten-year deficit outlook of $8.5 trillion. The budget also calls for a permanent expansion of the federal government by 3 percent of GDP; a $2 trillion decades-long tax increase on every single American under the auspices of health-care reform and cap-and-trade energy policies; deficits of more than $1 trillion until 2020; and a doubling of the publicly held national debt to more than $18 trillion. For years, Republicans and Democrats have been warning about the dangers posed...
  • Defending Obama's Budget (most of the spending came on GOP watch. Obama just added a little bit)

    02/03/2010 8:08:38 AM PST · by SeekAndFind · 17 replies · 606+ views
    American Thinker ^ | 02/03/2010 | James Simpson
    Rick Sanchez defended Obama's budget on CNN Monday. He was attempting to methodically debunk Republican claims about Obama budgets, arguing that most of the trillions in spending came on Republicans' watch and Obama just added a little bit. He started by claiming that Obama came into office facing a $1.2 trillion budget. Obama makes the same claim. Actually, the deficit for 2008, Bush's last year in office, was $459 billion. Bush does share responsibility for TARP though, so one could say that Obama was only partially responsible for 2009's deficit, even though his proposals added $787 billion in new spending...
  • ‘We Have Made Historic Strides … to Cut Wasteful Spending,’ Obama Says

    02/03/2010 3:53:04 AM PST · by IbJensen · 23 replies · 615+ views
    CNS News ^ | 2/2/2010 | Terence P Jeffrey
    (CNSNews.com) - In his budget message to Congress Monday, President Barack Obama said, “Already, we have made historic strides … to cut wasteful spending.” He made the comment while presenting a budget proposal that for the second year in a row would fix federal spending at a percentage of Gross Domestic Product that is higher than at any time in the past 65 years. In both fiscal 2010 and fiscal 2011, Obama’s budgets would have the federal government spend more than a quarter of the all the wealth produced by the nation in that year. No president since Franklin Delano...
  • Obama budget includes $237 million to buy Illinois prison for Guantanamo detainees

    02/01/2010 9:43:36 AM PST · by Free ThinkerNY · 42 replies · 715+ views
    suntimes.com ^ | Feb. 1, 2010 | Lynn Sweet
    President Obama on Monday will propose a $3.8-trillion fiscal 2011 federal budget that includes $237 million for the purchase and upgrading of a prison in Illinois to house detainees now at the Guantanamo Bay military prison in Cuba. Obama sends his spending blueprint to Congress, with the money to buy the nearly vacant Thomson Correctional Center in northwest Illinois, 150 miles west of Chicago, in the Department of Justice funding request. The State of Illinois and the federal government are currently negotiating over the purchase price of Thomson. During a briefing with reporters on Sunday afternoon previewing the budget--the contents...
  • Early winners and losers from Obama's proposed 2011 budget

    02/01/2010 1:14:09 PM PST · by Cheap_Hessian · 7 replies · 592+ views
    The Washington Post ^ | February 1, 2010 | Alec Macgillis
    With President Obama's budget proposal for the 2011 fiscal year out on the street, we take an early look at some of the winners and losers, in no particular order: WINNERS 1. K-12 education. Despite the straitened times and his freeze on overall discretionary spending, Obama is increasing federal funding for public education, one of the three main areas of his domestic agenda, alongside energy and health-care reform. The Education Department's proposed budget is up by nearly $3 billion, or more than 6 percent. 2. Research and development. Also preserved is spending on research and development in renewable energy and...
  • Obama's Budget is Designed to "Jack -Up" Energy Costs

    02/01/2010 2:55:27 PM PST · by Shellybenoit · 9 replies · 493+ views
    The Lid/The Hill ^ | 2/1/2010 | The Lid
    Whether you believe the global warming moonbats or not, whether you think that energy company's make too much money or not, there is one thing that is settled in the President's new budget... we are going to be paying more for energy. And if you are paying more for energy so are the companies that manufacture the products you use at home and the retail outlets that sell those products, which mean in the end you are going to be paying more for everything. If this sounds familiar it should, because that is exactly what happened just before the housing...
  • (Mrs)Obama proposing support for military families

    01/26/2010 8:07:36 PM PST · by ButThreeLeftsDo · 21 replies · 508+ views
    YAHOO News ^ | 1/26/10 | AP
    First lady Michelle Obama said Tuesday the president's 2011 budget will include a record $8.8 billion to support military families. The largest sum, $1.9 billion, would be spent on counseling and other support services. An additional $1.3 billion would go for military child care.
  • Please! No White House Lame Duck Commission

    01/21/2010 9:43:22 AM PST · by ColdOne · 3 replies · 409+ views
    The Heritage Foundation ^ | January 20th, 2010 | Stuart Butler
    After much congressional handwringing over what budget process reform to attach to a must-pass increase in the debt ceiling, support for the legislative proposal crafted by Senate Budget Committee leaders Kent Conrad (D-ND) and Judd Gregg (R-NH) has crumbled. It fell apart as many members recognized two political facts of life. One is that it would inevitably lead to tax increases. The other, reinforced by the Massachusetts election, is that Americans are in no mood for a back-room, members-only commission that rushes its plan through Congress just after the November election.
  • White House budget director ditched pregnant girlfriend for ABC News gal

    01/06/2010 4:13:25 PM PST · by dynachrome · 54 replies · 3,695+ views
    www.nypost.com ^ | 1-6-10 | RICHARD JOHNSON, JEANE MacINTOSH, and GEOFF EARLE
    President Obama’s budget guru has a secret love child — with the woman he jilted before hooking up with his hot new fiance, The Post has learned. White House budget director Peter Orszag’s ex, shipping heiress Claire Milonas, gave birth to little Tatiana Zoe in New York Nov. 17. That was just six weeks before Orzsag and ABC news babe Bianna Golodryga gleefully announced their engagement on national TV and in the press. Orszag and Milonas, the daughter of New York-based Greek shipping magnate Spiros Milonas, were a serious item when he met the stunning Golodgryga at the White House...
  • The Truth About the Balanced Budget

    09/07/2009 11:13:18 AM PDT · by Mobile Vulgus · 3 replies · 617+ views
    Publius Forum ^ | 09/07/09 | Warner Todd Huston
    Truth In Accounting had an incredibly important 50 state study that needs to be broadcast far and wide. It shows the mess that every state in the union is in with the budget.When the Institute for Truth in Accounting (the IFTA) began to design “The Truth about Balanced Budgets—A Fifty State Study” (the Study) in early 2008 our purpose was to widely examine the effect accounting principles and policies have on states’ budgeting and financial reporting practices. Experience in Illinois indicated to the IFTA that this state’s budgeting process used unsound accounting principles and evaded the intent of balanced budgets...
  • NASA Needs More Money to Hunt Killer Space Rocks, Report Says

    08/13/2009 1:41:50 PM PDT · by presidio9 · 34 replies · 2,333+ views
    SPACE.com ^ | Wed Aug 12, 2009 | Tariq Malik
    NASA needs more cash in order to meet its goal of finding nearby space rocks that could hit Earth in a devastating impact, a new report says. Congress ordered NASA in 2005 to find and track 90 percent of the large asteroids near Earth by 2020, but did not set aside the necessary funds required to do the job, according to a report released Wednesday by the National Academy of Sciences. Without that funding, NASA will not be able to build the new facilities and telescopes required to track potentially threatening asteroids down to the size of about 460 feet...
  • Nasa 'short of money to watch asteroids heading to Earth'

    08/12/2009 4:05:16 PM PDT · by bruinbirdman · 26 replies · 1,823+ views
    The Telegraph ^ | 8/12/2009
    Congress assigned the space agency four years ago to watch 90 per cent of potentially deadly rocks hurtling through space by 2020 but never gave it the money to build the necessary telescopes, according to a report by the National Academy of Sciences. The agency estimates that about 20,000 asteroids and comets in Earth's solar system bigger than 460 feet in diameter are potential threats to the planet. Rocks between 460 feet and 3,280 feet in diameter can devastate an entire region Lindley Johnson, NASA's manager of the near-Earth objects program, said. So far, scientists know the whereabouts of about...
  • What happened to $634B Obama put in Omnibus as "down payment" on health care?

    08/11/2009 2:37:49 PM PDT · by Timeout · 22 replies · 1,416+ views
    Washington Post ^ | 8/11/09 | timeout
    In March Obama proposed $634 Billion in his budget as a "down payment" or "reserve" for health care reform. I don't recall if it made it to the final bill. I do know Congress rejected his proposal to offset it by eliminating charitable deductions for high earners. So maybe it got tossed altogether. If it's in the Omnibus Budget, how does that work? Is that money included in the spending side of the health care bill?
  • Too Poor to Pay (for meals of White House guests, because of all the entertaining)

    08/03/2009 6:09:58 AM PDT · by reaganaut1 · 56 replies · 4,133+ views
    American Spectator ^ | August 3, 2009 | The Prowler
    Recently, high-profile visitors to the White House, including senior corporate executives, have found themselves paying for their own meals when sitting down with President Barack Obama, something unheard of in previous White Houses, according to former aides to President George W. Bush and President Bill Clinton. Thus far, there have been at least three instances -- the most recent coming last Friday -- where CEOs or other non-political guests were asked before arriving to the West Wing to provide credit card information so that their meals could be billed to them. According to one source, the meals cost between $20...
  • PBS chief welcomes public TV funding under Obama (Gov TV alert)

    08/02/2009 6:57:34 PM PDT · by GSP.FAN · 11 replies · 1,161+ views
    AP ^ | Aug 02 09 | Lynn Elber
    PBS chief Paula Kerger (KUR'-gur) says budget numbers tell the tale of how public TV is faring under the Obama administration, compared to that of former President George W. Bush. Kerger said that the Corporation for Public Broadcasting's $430 million budget for this year was left intact by President Barack Obama, in contrast to the Bush administration's repeated bids to reduce or eliminate the federal subsidy. Kerger says Congress countered Bush's actions.
  • Obama Administration Details $102 Million in Administration Spending Cuts

    07/27/2009 7:46:13 PM PDT · by AKSurprise · 24 replies · 1,755+ views
    ABC News ^ | 07/27/09 | Jake Tapper
    Speaking of the $100 million one Citigroup trader might receive from his company which received $45 billion in taxpayer bailout funds here comes some Orszagulous news: the administration has proposed $100 million in spending cuts. Ninety-eight days ago, at President Obama's first Cabinet meeting on April 20, the president asked his Cabinet to come up with $100 million in spending cuts within 90 days. Today the administration made that list public, with $102 million in cuts that would be realized in FY 2009. "In a memo that Cabinet Secretary Chris Lu and I sent to the President,Office of Management and...
  • Obama Finally Finds Something We Can’t Afford: Military Superiority

    07/17/2009 8:10:28 PM PDT · by liesel2000 · 31 replies · 2,149+ views
    NewsReal Blog ^ | July 17, 2009 | Claude Cartaginese
    Imagine a fighter jet that would give the United States complete air superiority in any conflict. An aircraft that’s faster, has longer range, and is more fuel-efficient at high speeds than any aircraft ever built. A plane virtually invisible to radar and deadly accurate, almost guaranteeing that any selected target would be destroyed. An aircraft so advanced that the armed forces of every country on earth are scared to death of it and know that they would be defenseless against it for years to come. We have that plane. It’s called the F-22 Raptor, and our President and Commander-in-Chief, Barack...
  • The Long-Term Budget Outlook

    07/17/2009 8:01:18 AM PDT · by Kartographer · 8 replies · 1,225+ views
    CBO ^ | 7/16/09 | Douglas W. Elmendorf
    Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just as rapidly, the rise in spending will produce growing budget deficits.
  • CBO: Federal budget is on unsustainable path...

    07/16/2009 4:08:27 PM PDT · by kcvl · 5 replies · 939+ views
    Congressional Budget Office Director’s Blog -------------------------------------------------------------------------------- « Intergovernmental Mandates in Federal LegislationThe Long-Term Budget Outlook Today I had the opportunity to testify before the Senate Budget Committee about CBO’s most recent analysis of the long-term budget outlook. Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just...
  • U.S. June budget gap $94.32 billion

    07/13/2009 1:16:42 PM PDT · by Nachum · 18 replies · 1,543+ views
    Reuters ^ | 7/13/09 | a
    WASHINGTON (Reuters) - The U.S. government rang up a $94.32 billion budget deficit in June, a record for the month, as the price tag for efforts to prop up the economy, banks and automakers mounted while revenues weakened. The Treasury Department said on Monday that June marked the ninth straight month in which the government had run a deficit. In June 2008, the budget enjoyed a $33.55 billion surplus
  • Thanks to President Obama Federal Abstinence Education Funding Expires Today (June 30th)

    07/01/2009 12:46:26 PM PDT · by wagglebee · 16 replies · 1,508+ views
    Life News ^ | 6/30/09 | Steven Ertelt
    Washington, DC (LifeNews.com) -- Today marked the end of federal funding of abstinence education under the Title V Abstinence Education Program and the CBAE (Community Based Abstinence Education). Before he took over the White House, President Barack Obama made it clear he would cut abstinence funding.In Obama's FY 2010 Proposed Budget, the president called for eliminating the funding for abstinence education, which has been successful in helping teenagers make positive decisions.Instead, Obama called for at least $164 million in funding for contraceptive-only education, which will likely go to pro-abortion groups like Planned Parenthood.Leslee Unruh, president of the National Abstinence Clearinghouse,...
  • It’s good to be the king’s friend! Obama cuts union watchdog budget 9% the thugs love it!

    06/29/2009 6:06:07 AM PDT · by jmaroneps37 · 11 replies · 1,561+ views
    The Collins Report ^ | June 29, 2009 | Kevin "Coach" Collins
    Union thug Andy Stern brags about his access to the White House. Why not? It’s good to be the king’s friend. Stern’s friendship with the king is really paying off. Obama has made few cuts in his 2010 budget, but took an axe to the funding for the agency charged with enforcing laws broken by union thugs. The Department of Labor’s Office of Labor Management Standards’ (OLMS) budget was cut 9%. At a time when all of us are tightening our belts and bracing for more budget cuts, the United States government is the only large employer still hiring. The...
  • Obama Erases Pro-Democracy Money for Iran

    06/24/2009 1:50:11 PM PDT · by jmcenanly · 23 replies · 1,601+ views
    Newsmax ^ | Friday, June 19, 2009 2:40 PM | Kenneth R. Timmerman
    Even as Ayatollah Khamenei blasted the United States for fomenting unrest in a defiant Friday prayer address in Tehran, President Obama has kept silent, focusing instead on domestic policy. Obama spent more time with TV personality Stephen Colbert, taping a segment for a comedy show, than he did addressing the turmoil in Iran this week. Newsmax has learned that the Obama administration also has zeroed out funding for pro-democracy programs inside Iran from the State Department budget for fiscal 2010, just as protests in Iran are ramping up. Funding for pro-democracy programs began in 2004, when Congress earmarked $1.5 million...
  • 9 of 10 Americans worry about Obama's spending deficits: Poll

    06/23/2009 8:06:32 AM PDT · by MaestroLC · 13 replies · 1,486+ views
    Los Angeles Times ^ | June 23, 2009 | by Andrew Malcolm
    Meanwhile, Vice President Joe Biden flies way out West to Ohio today to talk about helping the middle class and the nation's economy. But just a few months after congressional passage of the administration's whopping $787-billion economic stimulus plan, a new national poll shows Americans' confidence in its efficacy fading, especially in the Midwest, where Biden is heading. Just about half (52%) believe the much-touted stimulus plan will or has had any impact restoring the economy, down from 59% in April. The Washington Post-ABC Poll found Obama's personal popularity remains high, in part because his Republican opposition remains in such...
  • Is There a Number Too Big to Fail? (Spending spree will introduce us to the word “quadrillion.”)

    06/22/2009 4:17:04 AM PDT · by SeekAndFind · 15 replies · 1,718+ views
    Human Events ^ | 6/21/2009 | Brian Darling
    What’s bigger than a trillion, a number so large it would take several lifetimes to count to it? Well, a quadrillion is a thousand trillion. It may be time to worry that President Obama’s spending spree will introduce us to the word “quadrillion.” This year alone we’ve been asked to pay for stimulus, the bailouts, Health Care Reform, Climate Change and proposals to exact massive new taxes. The next round of Tea Parties (scheduled for Independence Day) should focus attention on the threat the federal government may end up taking control of what’s left of the private sector of the...
  • URGENT ACTION ALERT - Stop Missile Defense Cuts!

    06/15/2009 2:55:12 PM PDT · by Iraqs Inconvenient Truth. · 12 replies · 1,303+ views
    Act.org By Email ^ | June 15 2009 | Lisa Piraneo, Director of Government Relations
    LEGISLATIVE ACTION ALERT!!CONGRESS IS ABOUT TO CUT OUR NATION’SMISSILE DEFENSE PROTECTIONS – LEAVING USMORE VULNERABLE TO A NUCLEAR MISSILE ATTACK.WE NEED YOUR HELP TODAY!!by Lisa Piraneo, Director of Government Relations Dear AMERICA, PLEASE CAREFULLY READ THIS URGENT LEGISLATIVE ACTION ALERT AND PASS IT ON TO EVERYONE YOU KNOW!This Legislative Action Alert is the first of two that you will be receiving this week. They both are regarding an extremely important issue – Missile Defense – especially in light of the ongoing news out of North Korea and Iran. They both are regarding legislative action that is currently taking place...
  • Is Obama’s Economic Maneuvering Room Already Exhausted?

    06/14/2009 2:40:50 PM PDT · by Pride_of_the_Bluegrass · 14 replies · 1,922+ views
    First Things ^ | David Goldman
    Between the election of Barack Obama and the afternoon of June 10, the yield doubled to 4% from 2% for 10-year Treasury notes, the benchmark for long-term yields in the U.S. economy. Part of the sharp rise in yield was a snapback from levels that reflected fear of a deflationary breakdown of the banking system in the aftermath of Lehman Brothers’ failure last August. The improvement in the economic outlook from hysterical misery to ordinary happiness, paraphrasing Freud, add about six-tenths of a percentage point to the Treasury yield, as measured by the increase in the yields of inflation-indexed Treasuries....
  • Obama’s Spending Plans Pose Political Risks

    06/14/2009 4:48:45 AM PDT · by John W · 9 replies · 1,248+ views
    Washington Post via MSNBC ^ | June 13, 2009 | Scott Wilson
    After enjoying months of towering poll numbers, legislative victories and well-received foreign policy initiatives, the White House has become increasingly concerned that President Obama's spending plans, which would require $9 trillion in government borrowing over the next decade, could become a political liability that defines the 2010 midterm elections. The concern was reflected in the aggressive response from administration officials to criticism that money from Obama's stimulus plan is arriving too slowly to help the languishing economy, as well as in the president's public endorsement of "pay as you go" legislation, which would require Congress to make room for new...
  • BAM'S DOUBLE TALK

    06/11/2009 4:58:48 AM PDT · by Scanian · 36 replies · 2,239+ views
    NY Post ^ | June 11, 2009 | Editorial
    How dumb does President Obama think the American people are? On Tuesday, he and a cross-section of congressional Democrats assembled at the White House to declare an urgent need to restore the "PAYGO" system -- that is, spending rules ostensibly designed to impose some fiscal discipline in Washington. "The 'pay as you go' rule is very simple," said the president. "Congress can only spend a dollar if it saves a dollar elsewhere." Added Obama: "Paying for what you spend is basic common sense. Perhaps that's why, here in Washington, it's been so elusive." Now that's rich. After all, the man...