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Keyword: federalspending

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  • Ex-CBO Directors: Crisis May Come Before Lawmakers Agree To Debt Ceiling Hike

    06/08/2011 8:10:59 PM PDT · by PieterCasparzen · 14 replies · 1+ views
    The Wall Street Journal ^ | 6/7/2011 | Andrew Ackerman
    WASHINGTON (Dow Jones)--Lawmakers may not reach an agreement to tackle the ballooning federal debt until financial markets indicate they are losing confidence in the United States' ability to pay its obligations, former heads of the Congressional Budget Office warned Tuesday. [...] Borrowing rates for the federal government remain at historically low levels, but confidence could erode quickly, Tuesday's panelists said. Douglas Holtz-Eaken, who headed the CBO during the George W. Bush administration, predicted a crisis of confidence in less than two years unless action is made to reduce long-term deficits. Concerns about market confidence could be constructive, some panelists said....
  • Cowboy Poets and Starving Seniors

    04/08/2011 9:02:37 PM PDT · by Ken in Eastman · 3 replies
    My View of the World ^ | 04/07/2011 | James Willis
    As the deadline rapidly approaches for a deal to keep the government running, President Obama and the Democrat leadership in Congress have made it clear that the political game is more important that providing the country with responsible leadership. Sen. Harry Reid has drawn a line in the sand, setting the spending cut bar at the Cowboy Poet level. Former House Speaker Nancy Pelosi has expressed her concern that cutting the federal budget will cause old people to starve, and President Obama has made it clear to all that he will not let efforts to pay the salaries of our...
  • Paul Ryan makes the case for staggering spending cuts

    04/05/2011 10:34:30 AM PDT · by mandaladon · 35 replies
    The Daily Caller ^ | 5 Apr 2011 | Jonathan Strong
    Rolling out a plan that is as shocking in how much it cuts as President Obama’s first budget was in how much it spent, Budget Committee Chairman Paul Ryan is laying out a case for huge spending cuts in a new white paper that couches the coming battle in almost apocalyptic terms. “This generation’s defining moment has arrived,” Ryan says in his conclusion. At issue is the GOP’s proposed budget, which cuts $5.8 trillion over 10 years, including massive cuts to entitlement programs experts say are driving the government towards a fiscal cliff. The bold move by Ryan and House...
  • Boehner Says There's No Deal

    04/05/2011 11:45:51 AM PDT · by La Enchiladita · 94 replies
    AP via FoxNews ^ | April 5, 2011 | Staff
    House Speaker John Boehner says congressional leaders and President Barack Obama did not reach a budget agreement following a White House meeting. Boehner says Republicans are rallying behind a short-term cure. Obama met with Boehner, Senate Majority Leader Harry Reid and the top House and Senate appropriators Tuesday in hopes of breaking an impasse in talks to set spending levels through the end of September. Without an agreement by Friday, the government would be forced to shut down. Boehner said he told Obama that House Republicans are preparing a short-term measure that would keep the government running for another week...
  • Government Shut Down Now Likely

    03/29/2011 9:47:25 AM PDT · by SierraWasp · 170 replies
    With less than two weeks to head off a government shutdown, congressional Republicans and Democrats don’t look like they’re in the mood to compromise — at least judging by what’s on tap for Tuesday. As the clock ticks, here’s a sampling of what’s happening on Capitol Hill and elsewhere: Tuesday morning, Sen. Charles Schumer, a New York Democrat, was set to speak on the Senate floor and blame the “far right” for the breakdown of budget talks. “Schumer will say the only hurdle to a deal at this point between House Republicans and the White House is the tea party...
  • House Votes to Defund NPR

    03/17/2011 9:28:16 AM PDT · by xtinct · 153 replies
    NRO ^ | 3/17/11 | Daniel Foster
    The House just voted 236-181 to remove federal funding for National Public Radio via the Corporation for Public Broadcasting.
  • Reid: Vote will show House bill 'is dead'(such violent rhetoric)

    03/09/2011 4:09:20 AM PST · by mdittmar · 20 replies
    UPI ^ | March. 9, 2011 | Senate Majority Leader Harry Reid
    A Senate vote will show Americans the austere, GOP-controlled House budget bill to fund Washington through September "is dead," a top Democrat said. The Senate will debate and then vote Wednesday on the House budget bill, which calls for $57 billion in spending cuts through September, said Senate Majority Leader Harry Reid, D-Nev. If the bill doesn't get the needed 60 votes, senators will vote on a Democratic plan, which would cut $4.7 billion, he said.Republicans and Democrats acknowledged neither plan would likely pass, but said this would show they need to work out a compromise, The Washington Times reported."We...
  • NPR, PBS campaigns to keep federal funds called unlawful (using taxpayer loot to lobby)

    03/09/2011 2:30:27 AM PST · by Libloather · 15 replies
    Washington Times ^ | 3/07/11 | Seth McLaughlin and Stephen Dinan
    NPR, PBS campaigns to keep federal funds called unlawfulBy Seth McLaughlin and Stephen Dinan The Washington Times 8:47 p.m., Monday, March 7, 2011 NPR and PBS stations nationwide are rallying their audiences to contact Congress to fight against Republicans’ proposed spending cuts, but some affiliates’ pleas may violate laws preventing nonprofits or government-funded groups from lobbying. Interrupting popular programs, the stations air warnings that cuts could end beloved children’s television shows such as “Sesame Street.” Some stations urge their audience to call and let Congress know their feelings, while others go further, instructing viewers to “stop the Senate” or “defend...
  • Hoyer Says Federal Budget May Not Be Balanced for 20 Years

    03/08/2011 10:36:31 AM PST · by BradtotheBone · 24 replies ^ | Tuesday, March 08, 2011 | Matt Cover
    Washington ( – House Minority Whip Steny Hoyer (D-Md.) said on Tuesday that it may take as many as 20 years to balance the federal budget after years of deficit spending in Washington. At Hoyer's weekly press briefing on Capitol Hill, noted that President Obama's latest budget proposal does not balance at any time in the next 10 years and asked Hoyer, "Do you plan on introducing anything that balances within that 10-year timeframe, or is that possible?" Hoyer said, “Now [that] we’re at $14 trillion in debt, I think the answer is – responsibly – we’re not going...
  • EDITORIAL: Republicans squander historic opportunity

    03/03/2011 9:49:50 PM PST · by iowamark · 66 replies
    Electorate wants more cuts than the GOP is willing to make. If there’s one thing politicians are good it, it’s avoiding hard choices. The new Republican majority in the House appears - at least for the moment - not to be an exception. Despite having a clear mandate to make deep cuts in the current budget, the House proposed a mere $4 billion in pain-free reductions while putting off the question of a government shutdown for another two weeks. The timid approach met with overwhelming 91-9 approval in the Senate yesterday and a 335-91 vote in the House on Tuesday....
  • Rep. Budget Cuts to Tame Monster Deficit

    02/23/2011 7:47:41 AM PST · by Kaslin · 2 replies ^ | February 23, 2011 | Donald Lambro
    WASHINGTON -- There's no chance the Senate is going to take up last week's House Republican budget cuts, yet they sent a loud, clear, muscular message to the other side of the Capitol that the Obama Democrats' spending binge days are over. The $61 billion the House will slice from this fiscal year's 2011 budget will cut much more deeply into the government's discretionary programs than anyone expects, eliminating or shrinking dozens of programs and offices, even axing some of the GOP's own sacred cows, and slashing agencies by up to 40 percent. But with the March 4 deadline looming,...
  • President Obama to Propose Partial Budget Freeze and Earmark Ban Tonight

    01/25/2011 11:40:09 AM PST · by SeekAndFind · 34 replies
    ABC News ^ | 01/25/2011
    Pursuing a path of deficit reduction and government reform, President Obama will tonight in his State of the Union address call for a ban on earmarks and he will propose a five year budget freeze on non-security related discretionary spending, ABC News has learned. The proposals come as the president prepares to tackle the deficit and debt and as he faces a House of Representatives in Republican hands, many of whose members include those affiliated with the Tea Party who may be willing to embrace both moves. The president will propose some new spending in certain areas that address the...
  • BREAKING NEWS: Obama to call for 5-year freeze on non-security spending, White House says

    01/25/2011 9:40:57 AM PST · by Hawk720 · 53 replies
    MSNBC ^ | January 25, 2011 | MSNBC
    headline only

    01/25/2011 10:24:02 AM PST · by Yosemitest · 16 replies ^ | James Fitzmaurice, aka the artist Lazlo
    It's Time To Proudly Wear The Deficit Awareness Ribbon The Deficit Awareness Ribbon The concept of the deficit awareness ribbon is not new. It was originally created by Rush Limbaugh as a gag when he folded a full dollar bill into a ribbon. James Fitzmaurice, aka the artist Lazlo has taken the idea one step further by making it into “Art”. Lazlo created his performance art to be worn by others as a constitutionally protected demonstration of free speech, similar to flag burning. It is also a form of participatory art or “Social Sculpture” Q and A’s Q: Why should...
  • Obama to propose spending ‘freeze’ in SOTU (Wants to lock in his extreme spending and add more)

    01/25/2011 10:09:49 AM PST · by Qbert · 8 replies
    Pajamas Media ^ | 1/25/2011 | Bryan Preston
    Only, like the running gag in the Princess Bride, that word does not mean what you think it means. Pursuing a path of deficit reduction and government reform, President Obama will tonight in his State of the Union address call for a ban on earmarks and he will propose an overall budget freeze, ABC News has learned…. The president will propose some new spending in certain areas that address the speech’s theme of “How We Win the Future”: innovation, education and infrastructure. But those increases will be proposed as part of an overall budget freeze, which given the annual rate...
  • GOP eyes UN funding for cuts (Especially the UN Human Rights Council)

    01/24/2011 8:47:55 AM PST · by SeekAndFind · 17 replies · 1+ views
    Hotair ^ | 01/23/2011 | Ed Morrissey
    Of all the targets for fund-cutting, the idea from Rep. Ileana Ros-Lehtinen (R-FL) might be the most popular — and the most appropriate. Ros-Lehtinen wants to save money by cutting all funds supporting the United Nations’ worst practical joke, its Human Rights Council. The Congresswoman rightly calls it a “rogues’ gallery”: A key House Republican is quickly pressing forward with her goals to scale back U.S. funding for the United Nations.Rep. Ileana Ros-Lehtinen (R-Fla.), chairwoman of the House Foreign Affairs Committee, told The Hill that oversight would be a key function of the panel, particularly funding to the U.N. Human...
  • Senate Dems Unveil $1.1 TRILLION Spending Bill

    12/14/2010 9:25:55 PM PST · by T.L.Sink · 30 replies · 1+ views
    The Hill ^ | Dec. 14, 2010
    Senate Democrats have filed a $1.1 trillion omnibus spending bill that would fund the government through fiscal 2011. The 1924-page bill includes funding to implement the sweeping healthcare bill Congress passed earlier this year [ObamaCare]. The package drew swift rebuke from Sen. John Thune (R-S.D.), chairman of the Senate Republican Policy Committee. "This bill is loaded up with pork projects and should not get a vote. Congress should listen to the American people and stop this reckless spending," Thune said in a statement.
  • DeMint Pledges to ‘Expose’ and ‘Fight’ Omnibus Bill

    12/15/2010 12:14:18 AM PST · by onyx · 33 replies
    NRO - The Corner ^ | December 14, 2010 9:44 P.M. | Robert Costa
    Sen. Jim DeMint (R., S.C.) is ready to battle over the omnibus spending bill. According to Roll Call, Senate Majority Leader Harry Reid (D., Nev.) has taken notice: Although Reid had initially intended to begin work on an omnibus spending bill after the tax vote, he is now pushing it off until late Thursday in the face of stiff GOP opposition. Republicans have threatened to filibuster the omnibus, and DeMint said Tuesday that he would force a reading of the bill on the floor, a process that could take 60 to 70 hours, a Reid aide said. Reid could begin...
  • DeMint wants to have the omnibus read

    12/15/2010 5:08:25 AM PST · by Perdogg · 33 replies · 1+ views
    examiner ^ | 12.15.10
    If you thought Sen. Bernie Sanders, I-Vt., went on interminably last week, just wait until you see what Sen. Jim DeMint, R-S.C., has planned. Democrats, having passed none of this fiscal year's appropriations, want to ram through the lame duck Senate a 2,000-page spending bill that no one had a chance to read. DeMint released the following statement yesterday.
  • Dems dump 2,000 page omnibus spending bill on Congress10 days before Christmas

    12/15/2010 3:55:18 AM PST · by Scanian · 14 replies · 1+ views
    The American Thinker Blog ^ | December 15, 2010 | Rick Moran
    Election? What election? "The twelve bills included in this package fulfill the Congress' most basic responsibility, to exercise the power of the purse," he said in a statement. "This measure reflects a year's worth of work by members of both parties. Together, we have closely scrutinized the president's budget request, held hundreds of hearings, thousands of meetings, and asked literally tens of thousands of questions to each and every federal department and agency seeking justification for how taxpayer dollars are being spent." Sen. John Cornyn, R-Texas, responded in a statement, saying that after neglecting to pass a budget, "today we...
  • (Christine) O'Donnell calls extending jobless benefits a 'tragedy' ("like Pearl Harbor")

    12/08/2010 6:41:02 AM PST · by earlJam · 135 replies · 1+ views
    The Hill ^ | 12/8/10
    By Shane D'Aprile - 12/07/10 10:22 PM ET Christine O'Donnell on Tuesday compared the "tragedy" of extending unemployment benefits to Pearl Harbor and the death of Elizabeth Edwards. "Today marks a lot of tragedy," O'Donnell, the Tea Party-backed GOP Senate candidate from Delaware, said Tuesday night during an appearance in Virginia. "Tragedy comes in threes," O'Donnell said. "Pearl Harbor, Elizabeth Edwards's passing and Barack Obama's announcement of extending the tax cuts, which is good, but also extending the unemployment benefits." O'Donnell continued: "The reason I say this is a tragedy is because his announcement of economic recovery was more of...
  • Social Security or Insecurity?

    12/02/2010 8:03:08 PM PST · by Alyssa Kaeding · 30 replies · 1+ views
    Alyssa Kaeding's Blog ^ | December 2, 2010 | Alyssa Kaeding
    There is perhaps no bigger scam in the federal budget than Social Security. Since its inception, Social Security has grown into a bigger and bigger Ponzi scheme. Take, for example, the first recipient of Social Security, Ida May Fuller of Ludlow, Vermont. She paid a total of $24.75 into the Social Security System. The first Social Security check she received was for $22.54 and after her second check, Fuller already had received more than she ever contributed. She lived to be 100 and collected a total of $22,888.92- which is approximately 92,000% more than she contributed to the Social Security...
  • (Flashback) The Club for Growth opposes Congressman Hunter

    11/22/2010 8:55:22 PM PST · by Josh Painter · 41 replies
    Free Republic ^ | October 30, 2006 | Andrew Roth
    Since Congressman Duncan Hunter (R-CA) is apparently going to explore the possibility of running for president in 2008, I thought I'd dig up some of his roll call votes. Like most Republicans, he's strong on tax cuts, but he's been part of the big government spending spree of the last 6 years. He also has a protectionist streak in him. Here are some of the more troubling votes: NO on NAFTA YES on No Child Left Behind YES on Sarbanes-Oxley YES on the 2003 Medicare Drug Benefit NO on CAFTA YES on 2005 Highway Bill YES on the 527 bill...
  • Debt Commissioners: Baby Boomers Will Crush Social Security, Medicare

    11/14/2010 1:07:03 PM PST · by La Enchiladita · 197 replies · 1+ views
    Fox News ^ | Nov. 14, 2010 | Staff
    Baby boomers withdrawing funds from Social Security, Medicare and Medicaid are going to "crush the system" in a matter of years, a member of President Obama's blue-ribbon commission on the debt warned Sunday. David Cote, CEO of Honeywell and one of a handful of private-sector chiefs appointed to the 18-member fiscal reform commission issuing its final recommendations on Dec. 1, said he didn't realize -- even perched at the top of his field -- that the next decade will be disastrous to the nation's accounts ledger unless something drastic is done. "It scares me that as a financially conversant CEO,...
  • Guest opinion: Don’t raise taxes, cut wasteful federal spending

    09/23/2010 9:27:39 PM PDT · by george76 · 9 replies
    The Heritage Foundation ^ | September 23, 2010 | Brian Riedl
    Because of overstaffing, the U.S. Postal Service selects 1,125 employees daily to sit in empty “standby rooms.” They are not allowed to work, read, play cards, watch television, or do anything. This $50 million annual cost may be dumped in the taxpayers’ laps if the debt-ridden Postal Service receives a federal bailout. Stimulus dollars are being spent on mascot costumes, electric golf carts, and a university study examining how much alcohol college freshmen women require before agreeing to casual sex. Washington is spending $2.6 million training Chinese prostitutes to drink more responsibly on the job. This is the kind of...
  • $9 million N.C. civil rights attendance

    09/12/2010 4:13:11 PM PDT · by bareford101 · 46 replies
    Pilot Online ^ | 9/12/10 | Associated Press
    won't make attendance goal (even after spending more than 9 million dollars to open) (snip) The museum's annual budget is about $3 million with the money coming from ticket sales, special programs and corporate contributions. The museum also hosts three fundraising events to help with operating funds. No public money is used for daily operations.
  • Iraq: The War That Broke Us -- Not

    08/22/2010 11:25:17 AM PDT · by Rashputin · 14 replies
    American Thinker ^ | Aug 22, 2010 | Randall Hoven
    Aren't these also the same folks who tell us how well JFK and LBJ ran the economy back in the roaring 60s? During the eight years of 1961-69, 46% of all federal spending was on national defense. During President Bush's eight years, defense spending did not even average 20% of federal outlays. Under JFK/LBJ, defense spending was 8-9% of GDP. Under Bush it was about 4%. How did the economy do so well in the 1960s, and so badly in the 2000s, when less than half as much of our resources were devoted to defense in that more recent term?...
  • Incredibly Indispensable Tool Search Engine That Tracks All US Govt Spending

    07/21/2010 4:05:07 AM PDT · by lbryce · 5 replies
    Incredibly Indispensible Search Engine That Tracks All Spending by the US Government
  • Jo Ann Emerson Asked to Explain Past Votes in Favor of Wasting Billions in Taxpayer Dollars

    06/15/2010 12:58:17 PM PDT · by BobMcCartyWrites · 4 replies · 337+ views
    Bob McCarty Writes ^ | 6/15/10 | Bob McCarty
    After voting to spend hundreds of billions of taxpayer dollars on TARP, Cash for Clunkers and other costly measures, RINO Republican U.S. Rep. Jo Ann Emerson of Missouri's 8th Congressional District says she opposes such waste.
  • New Video Reveals Disastrous Options Awaiting the U.S. – “Federal Spending by the Numbers”

    06/12/2010 6:01:45 AM PDT · by Federalist Patriot · 12 replies · 487+ views
    Here is an outstanding new video from the Heritage Foundation called “Federal Spending by the Numbers.” The numbers it reveals are shocking to say the least, along with the three options our out-of-control Federal Government is going to leave us with as a result of waste and abuse. Thanks to Brandon S. at for the heads up on the video!
  • Mika: Boehner Should 'Just Bend Over'

    06/10/2010 4:28:05 AM PDT · by governsleastgovernsbest · 16 replies · 65+ views
    NewsBusters ^ | Mark Finkelstein
    Has Pres. Obama's ass-kickin' line given license to MSM members to offer cruder commentary? Could be, judging from Mika Brzezinski's Morning Joe performance today, in which she suggested that House Republican leader John Boehner should "just bend over." Mika normally plays the role of Morning Joe hall monitor, keeping the rambunctious trio of Joe Scarborough, Mike Barnicle and Willie Geist in line. But with Joe away today, it was Mika who indulged in some off-color imagery. Prompting Mika's remark was a clip of Boehner wondering why Pres. Obama isn't looking for someone's "ass to kick" on the subject of unrestrained...
  • False Dreams and Broken Promises: The Wasteful Federal Investment in Urban Mass Transit

    05/31/2010 2:55:32 PM PDT · by narses · 56 replies · 1,274+ views
    Cato ^ | Jean Love and Wendell Cox
    Over the past quarter century, U.S. taxpayers have pumped more than $100 billion in subsidies into the nation's urban mass transit systems. That massive taxpayer investment has paid for urban public transportation systems that fewer and fewer Americans are using. Incredibly, mass transit ridership is lower today--not only as a percentage of commuter trips taken but also in absolute numbers of riders-- than it was in the early 1960s. Despite the low and declining use of bus and rail systems, federal grants for urban transit now appear to be as popular as ever: bills before both houses of Congress would...
  • Obama Freezes Budget for Program Designed to Stop Terrorists from Getting U.S. Visas

    05/06/2010 9:02:45 AM PDT · by Tigen · 27 replies · 885+ views ^ | 5-5-10 | Penny Starr
    ( – Four months after the attempted Christmas Day bombing of Northwest Flight 253 over Detroit and nine years after the Sept. 11, 2001 terrorist attacks, only 14 of the 57 U.S. consulates identified as being at “high risk” for potentially providing visas to terrorists have been furnished with units of the Department of Homeland Security’s Visa Security Program (VSP). President Barack Obama, meanwhile, is planning to freeze the program’s budget for fiscal 2011.
  • US Postal Service nets $1.9 bln loss at mid-year

    05/06/2010 12:23:39 PM PDT · by Kartographer · 26 replies · 488+ views
    Reuters ^ | 5/6/10 | Jasmin Melvin
    The U.S. Postal Service said on Thursday it posted a loss of $1.9 billion in the first half of fiscal 2010, and renewed pleas for regulatory changes that it believes will save the agency billions of dollars. The Postal Service, which delivers nearly half the world's mail, was hit by the global recession that led to unprecedented drops in mail volume. But the increased popularity of email and competition from FedEx (FDX.N), United Parcel Service (UPS.N) and other delivery services have long been adding to the agency's financial challenges. Some 88.1 billion pieces of mail were delivered in the six...
  • Obama Increased Africa Military Funding 300%(FY2010)

    04/28/2010 6:22:29 PM PDT · by bushpilot1 · 44 replies · 1,608+ views
    All Africa ^ | 22 April 2010 | Daniel Volman
    In its budget request for the State Department for the 2010 financial year, the Obama administration proposed significant increases in funding for US arms sales and military training programmes for African countries, as well as for regional programmes on the continent, and is expected to propose further increases in its budget request for the 2011 financial year. The 2010 budget proposed to increase foreign military funding spending for Africa by more than 300 per cent, from just over US$8.2 million to more than US$25.5 million, with additional increases in funding for North African countries. Major recipients included Chad, the Democratic...
  • Teddy (Kennedy's) Temple: A Taxpayer-Funded Shrine to Leftism (Freeper Assistance Requested)

    04/24/2010 10:38:47 AM PDT · by Zakeet · 31 replies · 819+ views
    Big Government ^ | Robert James Bidinotto
    At a time when the American taxpayer is on the hook for trillions in current and future federal spending—when the Congressional Budget Office warns that the current rate of federal spending is “unsustainable”—liberal Democrats in Congress have earmarked over $68 million of taxpayer dollars for a Boston shrine to the late Senator Edward Kennedy. In a detailed report, the Boston Herald describes the planned Edward M. Kennedy Institute as a “temple for Ted Kennedy built with pork.” According to their account, congressional Democrats—especially Massachusetts senators John Kerry and Edward Markey—have been cramming earmarks for the project into various government...
  • Is Washington Bankrupting America?

    04/21/2010 5:35:08 PM PDT · by balls · 27 replies · 738+ views via CNBC Larry Kudlow ^ | 4/21/2010 |
    What both parties in Washington are doing to America in terms everyone understands.
  • Of Slashing Federal Spending and Cutting Taxes

    04/17/2010 11:18:22 AM PDT · by Welshman007 · 1 replies · 117+ views
    Conservative Examiner ^ | 4/17/2010 | Anthony G. Martin
    Conservatives in one accord are united behind at least 2 principles--reducing the size of government by slashing federal spending, and cutting taxes for all, across the board. At issue is how to best go about it.
  • New law brings fresh food to needy areas (Gillibrand 1 Billion to build super markets in NY)

    04/16/2010 8:31:37 AM PDT · by Maelstorm · 58 replies · 1,207+ views ^ | 04/15/2010 | by Lisa Fogarty
    Half of all community districts in Queens lack reliable access to fresh and healthy foods, according to the United States Department of Agriculture. The problem has contributed to increasing rates of obesity, diabetes and cardiovascular diseases — the leading cause of death in the United States. In many high-need communities like Jamaica and Far Rockaway, which have been labeled “food deserts” by lawmakers, corner delicatessens or bodegas are the only convenient sources of food, and while most may stock up on canned items, few offer fresh produce and meats. Additionally, the USDA reports that 23.5 million people in the United...
  • Washington Post asks: What's the Republican alternative to bailouts? (If you're against it)

    04/14/2010 6:32:21 AM PDT · by SeekAndFind · 30 replies · 644+ views
    Washington (Com)Post ^ | 04/14/2010 | Ezra Klein
    "If there’s one thing Americans agree on when it comes to financial reform, it’s this," said Senate Minority Leader Mitch McConnell. "Never again should taxpayers be expected to bail out Wall Street from its own mistakes. We cannot allow endless taxpayer-funded bailouts for big Wall Street banks. And that’s why we must not pass the financial reform bill that’s about to hit the floor." So much for that vaunted bipartisan cooperation, huh? The Republican attack on FinReg is that it creates a "permanent bailout." This isn't a judgment on the Dodd bill. In fact, it long predates the Dodd bill....
  • Feds Fund Academic Bias

    04/07/2010 6:42:35 AM PDT · by bs9021 · 184+ views
    Accuracy in Academia ^ | April 7, 2010 | Malcolm A. Kline
    Feds Fund Academic Bias Malcolm A. Kline, April 7, 2010 For years I have been telling congressional staffers that they have it within their power to bring balance to institutions of higher learning. All they have to do is cut federal spending on education. Yet and still, as a great man said, “There are simple answers, just not easy ones.” Don’t scratch your heads over the source of that quote: It was Ronald Reagan. Now, from inside the academy, comes affirmation. “We have reached the point where for many institutions of higher education, the amount of revenue that they derive...
  • National debt seen heading for crisis level

    04/05/2010 7:36:56 AM PDT · by SmithL · 95 replies · 2,216+ views
    San Francisco Chronicle ^ | 4/5/10 | Carolyn Lochhead, Chronicle Washington Bureau
    Washington -- Health care may have been the last big bang of the Obama presidency. With ferocious speed, the financial crisis, recession and efforts to combat the recession have swung the U.S. debt from worrisome to ruinous, promising to handcuff the administration. Lost amid last month's passage of the new health care law, the Congressional Budget Office issued a report showing that within this decade, President Obama's own budget sends the U.S. government to a potential tipping point where the debt reaches 90 percent of gross domestic product.
  • Red States, Blue States and the Redistribution of Federal Spending

    04/01/2010 6:26:44 AM PDT · by SeekAndFind · 12 replies · 721+ views
    Jeff Frankel's Weblog ^ | 04/01/2010 | Jeff Frankel
    April 1 is Census Day. Evidently Glenn Beck and Michele Bachmann have been encouraging Americans to boycott the census — to refuse to fill out the whole form. This protest follows from their small government ideology. I am not always sure what they, or Republicans, or Tea Party participants mean by small government. They say they want a government that intervenes less in the economic sphere. Perhaps they don’t like the idea that the census numbers are used, among other things, to determine the allocation of federal spending across states, because they don’t think it is the business of the...
  • Waxman Lights the Fuse to Blow Up Obamacare!! (my title)

    03/29/2010 11:37:52 AM PDT · by Stayfree · 55 replies · 2,975+ views
    March 29, 2010 | Stayfree
    What a moron...Waxman is so overimpressed with himself that he is dumb enough not only to highlight the fact that the Democrats were so stupid as to overlook the huge financial impact of Obamacare on every business, city, state, county and government agency, but he is also dumb enough to invite business leaders to D.C. to broadcast the hellish cost to everyone all day long on TV!! WHAT AN IDIOT!!
  • CBO report: Debt will rise to 90% of GDP

    03/26/2010 7:28:59 AM PDT · by NMEwithin · 121 replies · 4,276+ views
    The Washington Times ^ | 3/26/2010 | David M. Dickson
    President Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported Thursday. In its 2011 budget, which the White House Office of Management and Budget (OMB) released Feb. 1, the administration projected a 10-year deficit total of $8.53 trillion. After looking it over, CBO said in its final analysis, released Thursday, that the president's budget would generate a combined $9.75 trillion in deficits over the...
  • Unemployment benefits set to expire April 5 (but Rats want to make them permanent dependants)

    03/26/2010 3:27:01 AM PDT · by tobyhill · 14 replies · 854+ views
    washington post ^ | 3/25/2010 | Ben Pershing
    Unemployment benefits are set to expire for at least a week on April 5, as Congress plans to break for two weeks without agreeing on an extension of the program. Last week, the House approved a $9 billion measure containing one-month extensions of unemployment insurance, COBRA health benefits and federal flood insurance. Senate Democrats hoped to have their chamber approve the same bill Thursday. But Republicans refused, complaining that the bill is not offset with spending cuts elsewhere. They said the same thing in early March, when Sen. Jim Bunning (R-Ky.) brought the chamber to a halt for five days...
  • US Federal Spending: Who Benefits?

    03/25/2010 8:16:05 PM PDT · by CivilChallenger · 2 replies · 243+ views ^ | 3/25/2009 | Civil Challenger
    Almost everyone in the US seems to know that federal government spending is raging out of control. Last week I noticed not only that consumer spending has been mildly edging up, but I also noticed that it seemed to be up in areas around Washington DC, the epicenter of the federal spending spree. While I believed it was entirely due to the explosive increase in federal government spending rather than signs of economic health in the private sector I didn't quite have the evidence. After looking at BEA data, I now have even more evidence of that. The following chart...
  • America's Coming High-Speed Rail Financial Disaster

    03/20/2010 3:20:24 AM PDT · by myknowledge · 24 replies · 800+ views
    The Heritage Foundation ^ | March 19, 2010 | Ronald Utt, Ph.D.
    Abstract: President Barack Obama has committed the United States to building at least 13 high-speed rail (HSR) lines, one of the most expensive forms of transportation that a nation could choose. Even in a strong economy, building HSR makes little sense, offering minimal reductions in travel times at exorbitant costs. In the current weak economy and with the government facing massive budget deficits, the country simply cannot afford to squander $8 billion in stimulus funding, $5 billion over the next five years, and billions of dollars in matching state funding on a transportation system that will at best serve a...
  • Obama gravy train runs out of steam

    03/14/2010 4:04:41 PM PDT · by SJackson · 34 replies · 1,880+ views
    Gulf News ^ | March 13, 2010 | Simon Heffer
    Obama benefited in his campaign from an idiotic level of idolatry, in which most of the media participated with an astonishing suspension of cynicism US President Barack Obama.Image Credit: APIt is a universal political truth that administrations do not begin to fragment when things are going well: it only happens when they go bad and those who think they know better begin to attack those who manifestly do not. The descent of Barack Obama's regime, characterised now by factionalism in the Democratic Party and talk of his being set to emulate Jimmy Carter as a one-term president, has been swift...
  • Stimulus Dollars Buy Greyhound Buses in Missouri

    03/08/2010 10:56:05 AM PST · by BobMcCartyWrites · 3 replies · 55+ views
    Bob McCarty Writes ^ | 3-8-10 | Bob McCarty
    I've never had the kind of fun enjoyed by passengers in this 1980 Greyhound commercial, but I'm thinking about taking a ride on the commercial bus line soon. Why? Because, as a taxpayer, I'm paying for it.