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Keyword: govtspending

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  • Alan Greenspan: This is 'extremely dangerous' (Captain Obvious alert)

    07/30/2015 12:40:15 AM PDT · by SaveFerris · 21 replies
    While markets hone in on the Federal Reserve's monetary policy hints, former Fed Chairman Alan Greenspan sees a bigger economic irritant—government spending. On Wednesday, Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy. "To me the discussion today shouldn't even be on monetary policy it should be on how do we constrain this extraordinary rise in entitlements," he said in a CNBC "Closing Bell" interview, calling the trend "extremely dangerous." Social expenditures in the U.S. were 19.2 percent of gross domestic product last year, up from 15.5 percent in 2005, according to data from...
  • Poll: Spend more, tax less, legalize pot (General Social Survey stuff)

    03/20/2015 6:49:00 PM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Mar 20, 2015 8:48 PM EDT | Emily Swanson
    Americans want lower taxes and more government spending both at once, although their support for spending more tax dollars on health care has dropped dramatically. They’re likelier than ever to not feel connected to any particular religion, but no less likely to believe in God. And for the first time, most want to legalize marijuana. Those are among findings from the 2014 General Social Survey, which has been measuring trends in American opinion and behavior since 1972. …
  • Obama calls for spending surge, buoyed by rising economy

    01/29/2015 6:14:59 PM PST · by Olog-hai · 45 replies
    Associated Press ^ | Jan 29, 2015 8:14 PM EST | Josh Lederman and Andrew Taylor
    Declaring an end to “mindless austerity,” President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping budget cuts both parties agreed to four years ago when deficits were spiraling out of control. Obama’s proposed $74 billion in added spending—about 7 percent—would be split about evenly between defense programs and the domestic side of the budget. Although he’s sought before to reverse the “sequester” spending cuts, Obama’s pitch in this year’s budget comes with the added oomph of an improving economy and big recent declines in federal deficits. Taking a defiant tone,...
  • Boehner: Obama Introduces ‘His Most Irresponsible Budget Yet’

    03/04/2014 10:19:15 PM PST · by Olog-hai · 20 replies
    Cybercast News Service ^ | March 4, 2014 - 11:56 AM | Susan Jones
    “After years of fiscal and economic mismanagement, the president has offered perhaps his most irresponsible budget yet,” House Speaker John Boehner said on Tuesday, after President Obama released his $3.9 trillion election-year budget. The fiscal year 2015 spending proposal raises taxes on the wealthy and spends more on preschool, infrastructure, and job training, the Associated Press reported. But as Boehner indicated, Republicans won’t accept it. …
  • White House calls for increased grid spending

    08/11/2013 11:11:47 PM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Aug 12, 2013 12:03 AM EDT | Jonathan Fahey
    The cost of weather-related power outages is high and rising as storms grow more severe and the U.S. electric grid gets older, according to an Obama Administration report that calls for increased spending on the nation’s electric power system. Power outages cost the economy $18 billion to $33 billion per year, according to the report, a figure that has been rising steadily over the past 20 years. That can rise to $40 billion to $75 billion in years with severe storms such as 2008’s Hurricane Ike and last year’s Superstorm Sandy. …
  • Harry Reid: Insufficient Government Spending Hurts U.S. Economy

    07/09/2013 8:16:56 AM PDT · by Sub-Driver · 20 replies
    Harry Reid: Insufficient Government Spending Hurts U.S. Economy July 8, 2013 - 4:37 PM By Ryan Kierman ( – Senate Majority Leader Harry Reid said in a press release Friday that insufficient government spending, caused by Republican "austerity policies" is hurting the U.S. economy and preventing a quicker recovery. “We need to continue advancing policies that spur growth and create jobs," Reid said. "It's time for Republicans to let go of their failed austerity policies that weigh down our economy and prevent a speedier recovery. We simply can't cut our way to prosperity." During President Barack Obama's first three years...
  • $253.5B—Obama Borrowed Nearly 6x as Much in February as Sequester Cuts All Year

    03/04/2013 4:01:05 PM PST · by Olog-hai · 12 replies
    Cybercast News Service ^ | March 4, 2013 | Terence P. Jeffrey
    During the month of February—as President Barack Obama was warning Americans they would see dramatic effects in their lives if “sequestration” of some planned federal spending kicked in—the federal government’s debt climbed by $253.5 billion. That one-month increase in the debt was nearly six times as much as the $44 billion in spending cuts the Congressional Budget Office estimates will take place in all of fiscal 2013 as a result of sequestration. …
  • GOP Candidates Inflexibility On Tax Increases Shows They Are Out Of Touch With Americans

    08/12/2011 11:07:25 AM PDT · by Oldeconomybuyer · 40 replies
    ABC News ^ | August 12, 2011 | by Mary Bruce
    Reacting to last night’s GOP presidential debate, the White House said today that the 2012 candidates proved themselves to be out of touch with Americans by saying they would refuse to accept tax increases as part of a debt deal. In Ames, Iowa last night the candidates were asked if they would refuse to accept a budget deal with a 10-to-1 ratio of spending cuts to tax increases. All eight presidential contenders raised their hands. “That’s clearly not where the American people are,” Principal Deputy Press Secretary Josh Earnest told reporters today. “That basically puts these candidates in a position...
  • GOP Must Choose Leaders Wisely

    11/13/2010 1:45:58 PM PST · by bronkburnett · 14 replies ^ | 11/10/2010 | William Wilson
    Republicans were cast into the wilderness beginning in 2006 because they abandoned a basic set of principles – not just their own principles, but those of the nation they were entrusted to lead. Rather than standing up for American freedoms and free markets, the GOP instead became the party of big government and corruption – enabling Democrats to sweep into power promising to “drain the swamp” and usher in an era of “hope and change.” Obviously lurking beneath these rhetorical flourishes was a radical socialist agenda – one that has exploded our debt, derailed our economy and eroded our individual...
  • Keynesianism Questioned By Harvard Researchers

    06/04/2010 8:12:01 AM PDT · by bs9021 · 11 replies · 256+ views
    Accuracy in Academia ^ | June 4, 2010 | Bethany Stotts
    Keynesianism Questioned by Harvard Researchers Bethany Stotts, June 4, 2010 Contrary to the Keynesian theory that government spending can spark economic growth in times of recession, a new study demonstrates that pork, at least, may damage corporations within the states that receive these federal dollars. The three Harvard Business School (HBS) researchers, Lauren Cohen, Joshua Coval, and Christopher Malloy, surveyed the 232 times in the last 42 years that a Senator or Representative on capitol hill obtained a chairmanship on a “powerful congressional committee” and then measured the impact the corresponding increase in earmarks had on publicly-traded firms in that...
  • A Letter To The Editor

    12/19/2009 11:12:01 AM PST · by MplsSteve · 4 replies · 478+ views
    Minneapolis StarTribune (aka The Red Star) | 12/18/09
    The following letter to the editor was in yesterday's Minneapolis StarTribune. It's funny, has a holiday angle and more importantly, is completely accurate. Twas the night before Christmas, when all through D.C., Democrats were scheming how to abuse their constituency. Cap and Trade, ObamaCare, Bailouts - which one shall we do? And then they cried "We'll do them all - the people are fools! We can call it a "crisis" and "too big to fail". Anyone else doing this would end up in jail. But not us, because we write all the laws. Golly, we're wonderful. We're our own Santa...
  • Lost prosperity

    10/22/2009 3:37:57 AM PDT · by Scanian · 2 replies · 378+ views
    The American Thinker ^ | October 22, 2009 | Steve McCann
    Few things cause the eye to glaze over more than economic statistics, particularly when discussing all but incomprehensible sums in the billions and trillions of dollars. There are two statistics which the public should be aware of more than others; they are 1) Gross Domestic Product (total economic output of the country); and 2) The Net Gross Domestic Product per Person (The GDP less the amount of government spending at all levels divided by the total population). The Net GDP per person recognizes the impact of federal, state and local spending on the economy. Ideally the net amount each citizen...
  • Rasmussen--> America Is Souring on Obama Economics

    06/22/2009 8:33:21 AM PDT · by Shellybenoit · 12 replies · 777+ views
    Rasmussen/ The Lid ^ | 6/22/09 | The Lid
    President Obama is losing his protection. No, not the secret service, the Political protection. His standard answer to every problem in the world--Its Bushes Fault. On June 1st, 27% of Americans believed that the problems with the economy were cased by President Obama, 62% said it was Bush's fault. Just three weeks later the same polling company, Rasmussen is reporting those numbers are now 39% blame it on Obama and 54% blame it on Bush. Six out of ten trust themselves on the economy more than they trust the President, another big shift. And only 30% trust the President on...
  • New Poll-America to Democrats CUT TAXES-CUT SPENDING !

    06/12/2009 9:14:53 AM PDT · by Shellybenoit · 8 replies · 563+ views
    Rasmussen/ The Lid ^ | 6/12/09 | The Lid
    Mr President, Speaker Pelosi, Senator Reid, thank you all for coming. We, the American people have a little message for you. Please come closer to the computer so you can hear ready? Good ! We want you to cut our freaking taxes...NOW. That was the message of the latest Rasmussen poll.. by a 16% margin (51-36%) Americans want their government to cut taxes across the board to stimulate the economy. By a 17% margin Americans do not believe that Obama has delivered on the promise to cut taxes for 95% of all Americans. Combine that with other recent Rasmussen...
  • Obama’s Global Tax Proposal Up for Senate Vote (Obama wants $90b a year for foreign aid)

    02/12/2008 7:36:41 PM PST · by Zhang Fei · 141 replies · 649+ views
    Accuracy in Media ^ | 2/12/2008 | Cliff Kincaid
    A nice-sounding bill called the "Global Poverty Act," sponsored by Democratic presidential candidate and Senator Barack Obama, is up for a Senate vote on Thursday and could result in the imposition of a global tax on the United States. The bill, which has the support of many liberal religious groups, makes levels of U.S. foreign aid spending subservient to the dictates of the United Nations. Senator Joe Biden, chairman of the Senate Foreign Relations Committee, has not endorsed either Senator Barack Obama or Hillary Clinton in the presidential race. But on Thursday, February 14, he is trying to rush Obama's...
  • Senate Passes The Global Poverty Act of 2007

    02/14/2008 7:22:00 AM PST · by Tatze · 154 replies · 951+ views
    Washington Watch ^ | 2/14/2008 | Washington Watch
    Global Poverty Act of 2007 - Directs the President, through the Secretary of State, to develop and implement a comprehensive strategy to further the U.S. foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the United Nations Millennium Development Goal of reducing by one-half the proportion of people worldwide who live on less than $1 per day.
  • AIM Says Media Cover-Up Obama’s Socialist-Oriented Global Tax Bill

    02/13/2008 4:46:16 PM PST · by B4Ranch · 38 replies · 731+ views ^ | 2-13-2008 | Press release
    Senator Joe Biden, chairman of the Senate Foreign Relations Committee, was trying to rush Obama's "Global Poverty Act" (S. 2433) through his committee without hearings. It was scheduled for a Thursday vote but was moved up a day, to Wednesday, and rushed through by voice vote. (snip) The House version (H.R. 1302) was suddenly brought up on the House floor last September 25 and was passed by voice vote.
  • Maryland's Boom [An Unwitting Expose' of Liberal Tax Policy]

    05/06/2006 4:23:13 AM PDT · by edpc · 1 replies · 387+ views
    The Washington Post ^ | Saturday, May 6, 2006; Page A16 | WaPo Editorial
    LIKE SOME OTHER states, Maryland is enjoying the fruits of an economic boom whose bounty has intoxicated state officials and blurred their vision. A windfall owing much to the rising housing market has flooded the state's treasury with the sort of easy money that seems as if it might last forever. Politicians of both parties, in an election year, are happily spending the excess cash and cutting taxes besides. But it doesn't take clairvoyance to see that the state is digging itself a big hole; within three or four years, spending is projected to outstrip revenue by more than $1...
  • State officials study ways to revive defunct Aging Department

    02/08/2006 7:32:56 AM PST · by LurkedLongEnough · 2 replies · 225+ views ^ | February 8, 2006 | Associated Press
    [Excerpting required] ...the task force would also help determine what programs should be created or bolstered in health care, transportation, housing, nutrition, education, recreation, employment and other areas. The General Assembly last year decided to re-establish the Department on Aging, which was disbanded in 1993 during budget cuts. Its administrative responsibilities were folded into the Department of Social Services, and a 17-member commission on aging was created as an independent advocacy group. Twenty-three states have separate departments on aging ...according to a 2005 report from Connecticut's Office of Legislative Research. --- "I get calls from all over the state from...
  • Catching up with Pat Toomey... 10 minutes with president of the Club for Growth

    04/19/2005 8:23:09 PM PDT · by CHARLITE · 2 replies · 445+ views
    When he was named president of the Club for Growth ( last year, Pat Toomey didn't need anyone to tell him how important it was having the Republican lobbying group on his side in a tight political race. When the former Lehigh Valley congressman almost unseated Arlen Specter in the Senate primary last spring, the club — which specializes in helping candidates who favor small government, free markets and low taxes — contributed nearly $1 million to his campaign. I asked Toomey about his new job and his future political plans, when I called him at his offices in Washington:...
  • Senator Clinton, Congresswoman Lowey Introduce Education for All Act (claim it part of WOT)

    10/03/2004 7:49:00 AM PDT · by freespirited · 14 replies · 475+ views
    Legislation Would Make Universal Basic Education a Major Foreign Policy Goal, Providing a new Tool Against Terrorism Washington, DC - Senator Hillary Rodham Clinton (NY) and Congresswoman Nita Lowey (NY-18) announced, today, the introduction of legislation that would focus U.S. attention on the need to provide all children around the world with a quality basic education. The Education for All Act of 2004 would do this by concentrating on policy, leadership and resources, three areas in which U.S. action has long been lacking. Senator Clinton believes that making universal basic education a major goal of U.S. foreign policy, the world...
  • "Revive the Conservative Revolution," Says Stephen Moore of Club for Growth

    05/21/2004 7:26:15 AM PDT · by Theodore R. · 9 replies · 225+ views
    Human Events Online ^ | 05-21-04 | Moore, Stephen
    Revive the Conservative Revolution by Stephen Moore Posted May 21, 2004 This summer, the famous Contract With America that swept Republicans into power in Congress in January 1995 turns ten years old. The contract was a bold and sweeping agenda to change the way government works in Washington. It included 10 major provisions, including welfare reform, rules to force Congress to live under the same laws as the rest of us, term limits, tax cuts, and, most importantly, budget reduction. In the memorable words of Newt Gingrich, the Republican revolutionary who inspired and led the Contract With America Revolution, Republicans...
  • Betraying the Will of the People

    02/05/2004 5:40:22 AM PST · by Theodore R. · 388 replies · 343+ views ^ | 02-05-04 | Farah, Joseph
    Betraying the will of the people Posted: February 5, 2004 1:00 a.m. Eastern © 2004 George Bush and Arnold Schwarzenegger have done more to demoralize American voters than any two politicians in my lifetime. Both were elected with the promise of bringing real change to their respective offices – the presidency and the governorship of California. Their candidacies generated great excitement. Their elections brought great hope. But their actions suggest all they did was fool enough of the people to get their votes. And the people are catching on. George W. Bush promised to rein in spending. Instead, he...
  • Mars Looks Like Nevada

    01/12/2004 6:14:28 AM PST · by Theodore R. · 56 replies · 320+ views
    King Features Syndicate, Inc. ^ | 01-11-04 | Reese, Charley
    Mars Looks Like Nevada I wish I could share the excitement the scientists obviously feel about the pictures from Mars, but they just look like Nevada to me. If they ever get air conditioning on Mars, maybe somebody will open a casino there. Actually, it's a great technical accomplishment, but the key question is, of what benefit is it to people on Earth? Perhaps we have gone from art for art's sake to science for science's sake and there are no public benefits at all. I don't believe in public subsidies for artists, and I don't believe in public subsidies...
  • Bush, Nixon, and LBJ

    12/08/2003 6:21:26 AM PST · by Theodore R. · 4 replies · 306+ views ^ | 12-08-03 | Buchanan, Patrick J.
    Bush, Nixon & LBJ Posted: December 8, 2003 1:00 a.m. Eastern © 2003 Creators Syndicate, Inc. Re-election year is shaping up as positively for George W. Bush as it did for LBJ in 1964 and Richard Nixon in 1972. Recall: Both LBJ and Nixon had engineered surging economies for the election year. Both held the face cards in foreign policy in wartime, with electorates wary of the perceived radicalism of their rivals. Both were facing opponents, Barry Goldwater and George McGovern, who had been luridly painted as outside the mainstream. And both benefited from an opposition party polarized over its...
  • {Former TX Gov. Ann} Richards Delivers Dynamic Talk at TAMIU

    11/12/2003 7:29:07 AM PST · by Theodore R. · 39 replies · 228+ views
    Laredo, TX, Morning Times ^ | 11-12-03 | Cortez, Tricia
    Richards delivers dynamite talk at TAMIU BY TRICIA CORTEZ Times staff writer Former Texas Governor Ann Richards delivered a scathing indictment of the Texas public education system Tuesday night, focusing on its accountability and high-stakes testing system that is now being implemented nationally under the No Child Left Behind Act. "The current No Child Left Behind is a lie. It is a total lie. We are leaving children behind right and left," Richards told a packed house of the Fine and Performing Arts Center at Texas A&M International University. "Do you know what the current education system is in the...
  • A Nation of Boiled Frogs

    11/15/2002 10:51:57 AM PST · by hsmomx3 · 31 replies · 310+ views
    email | 11/15/02 | Craig J. Cantoni
    It is said that if a frog is put in a pot of hot water, he will jump out. But if he is put on a stove in a pot of cold water and the temperature is slowly turned up, he will boil to death instead of jumping out. Like the frog, American taxpayers are slowly being boiled to death in taxes but do not realize it. A Heritage Foundation study shows how much federal spending and taxes have increased over the years. It can be found at: Consider these alarming statistics from the study. (Figures are expressed in...
  • Not Your Daddy s GOP

    07/09/2002 9:32:42 PM PDT · by TheEaglehasLanded · 6 replies · 326+ views ^ | July 9, 2002 | Cal Skinner, Gubernatorial Candidate, Libertarian Party of Illinois
    Not Your Daddy’s GOP Tuesday, July 09, 2002 - Commentary by Cal Skinner, Gubernatorial Candidate, Libertarian Party Some of us are old enough to know Kennedy Democrats who are now Republicans. They switched parties because the Democratic Party had left them and their values. I have a sense that the Illinois Republican Party has left me. It is no longer the party of reform or limited government. Let's face it. The Illinois GOP is not your Daddy's Republican Party. Jim Thompson made a reputation for putting crooked Chicago area politicians -- both Democrats and Republicans -- in jail during the...
  • Home Economics: Lies, damned lies, and gaps

    06/19/2002 10:07:48 AM PDT · by browardchad · 26 replies · 304+ views
    National Review Online ^ | 6/19/02 | Roger Clegg
    President Bush devoted his Saturday radio address this week to home-ownership and, in particular, the racial "gap" therein. He declared that "while nearly three-quarters of all white Americans own their own homes, less than half of all African Americans and Hispanic Americans are homeowners." And so, of course, we must "close this home-ownership gap." Not only the government, but the private sector, must be mobilized "in a major nationwide effort to increase minority ownership." He gave a speech in Atlanta two days later to the same effect, adding a graceless attempt to tie home-ownership to the war on terrorism. (I...