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Keyword: overspending

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  • Rolling Back the Tide of Overspending (How Trump Can Do It)

    04/18/2018 10:33:45 AM PDT · by SeekAndFind · 19 replies
    Townhall ^ | 04/17/2018 | Ed Fuelner
    When President Trump signed the 2,232-page, $1.3 trillion omnibus spending bill last month, he was emphatic that it wouldn’t happen again.Referring to the fact that no one could possibly have had time to read this mammoth piece of legislation, he said, “I will never sign another bill like this again.”The implication, of course, was that nothing could be done about this latest round of massive overspending. Like it or lump it, there it is.But that’s not exactly true. The president can, in fact, do something. He can pursue what’s known as a rescissions package.Don’t let the wonky word cause your...
  • Doug Jones is outspending Roy Moore 10-to-1 on the Alabama airwaves

    11/28/2017 8:43:18 AM PST · by Oldeconomybuyer · 50 replies
    NBC "News" ^ | November 28, 2017 | by CARRIE DANN
    WASHINGTON - Democrat Doug Jones is outspending embattled Republican Roy Moore by nearly 10 to one in Alabamas closely watched Senate race, but his message on the airwaves over the past three weeks hasnt completely focused on the sexual misconduct scandal that has enveloped Moore. According to the ad-tracking group Advertising Analytics LLC, Jones campaign has shoveled $5.6 million into television and radio ads during the general election, compared to about $600,000 by Moores team. That 10-to-1 advantage for Jones is almost unchanged from two weeks ago. The outside group Highway 31 has contributed another $512,000 to pro-Jones ads during...
  • The Government Suddenly Gets Concerned With Overspending on the Trump Family

    08/23/2017 5:14:26 AM PDT · by davikkm · 26 replies
    IWB ^ | Mark Angelides
    Apparently, protecting the President of the United States and his family is a massive burden on the government budget, and according to USA Today, its because President Trump makes so many trips. But where was this concern for overspending when the nation was racking up over Twenty Trillion Dollars of Debt? Secret Service Director Randolph Tex Alles is saying that 1000 secret service people have already hit their federally mandated pay caps, and that The president has a large family, and our responsibility is required in law, Alles said. I cant change that. I have no flexibility. Apparently the problem...
  • Is the 'Worlds Deadliest Tank' Bankrupting Russia?

    05/25/2015 5:46:34 PM PDT · by SeekAndFind · 34 replies
    The Diplomat ^ | 05/25/2015 | By Franz-Stefan Gady
    Russia is expected to spend more money on its military in 2015 than in any previous year in its entire post-Soviet history. According to an analysis conducted by Forbes Magazine, Russia will spend an estimated 5.34 percent of its economic output on defense in 2015. This estimate is based on the assumption that the Russian economy will contract by 3 percent and a 15 percent hike in the real value of the military budget. However, another estimate quoted in the Wall Street Journal based on Russian government data notes that countrys GDP may even decrease by 4.6 percent largely due...
  • Queen down to her last million due to courtiers overspending, report finds (Elizabeth II)

    01/28/2014 12:48:23 AM PST · by Olog-hai · 28 replies
    Daily Telegraph (UK) ^ | 12:01AM GMT 28 Jan 2014 | Steven Swinford
    The Queens household finances were at an historic low with just 1 million left in reserve, MPs said on Monday. Her courtiers were advised to take money-saving tips from the Treasury. A report by the Commons public accounts committee found that the Queens advisers were failing to control her finances while the royal palaces were crumbling. MPs said her advisers had overspent to such an extent that her reserve fund had fallen from 35 million in 2001 to just 1 million today.
  • California's $68 Billion High-Speed Rail .. Would 'Span the State'

    10/20/2013 5:42:01 PM PDT · by george76 · 39 replies
    NewsBusters. ^ | October 20, 2013 | Tom Blumer
    In a Sunday morning report which tries to put the best possible face on a project which appears to be on track to make the $22 billion "Big Dig" in Massachusetts look like a petty cash disbursement, Juliet Williams at the Associated Press claimed that the $68 billion involved thus far "would span the state." No it wouldn't, unless all of the formerly Golden State north of the San Francisco Bay Area roughly one-fourth of the state's land mass were to secede. Williams also wrote: "Voters in 2008 approved $10 billion in bonds to start construction on an...
  • High-speed rails risks getting riskier, more expensive

    01/24/2012 4:04:55 PM PST · by landsbaum · 5 replies
    The states auditor said today despite its critical report last year on the high-speed rail project, the rail authoritys funding situation has become increasingly risky and the authoritys weak oversight persists. . . . The cost estimates for phase one increased to between $98.1 billion and $117.6 billionof which approximately $12.5 billion has been secured, the auditor says. Remember when the cost was about $35 billion? Then about $45 billion? Then about $98 billion? And now, the auditor says its up to $117 billion?
  • Editorial: Brown's medicine not the cure for California

    01/19/2012 10:14:41 AM PST · by landsbaum · 11 replies
    The Orange County Register ^ | 1-19-2012 | Orange County Register editorial boarad
    Gov. Jerry Brown, in his annual State of the State message, said Wednesday that "California is on the mend." But what the still-ailing state needs, he said, is more medicine in the form of higher taxes, intrusive regulations and more debts to pay off. Someone needs to tell Dr. Brown that bleeding patients kills them, as the medical profession discovered long ago. The governor said not only must Californians increase sales taxes on everyone and income taxes on the most-wealthy, but he also proposed increasing the state's debt by issuing bonds for a high-speed train that polls say voters don't...
  • High-speed rail line is given the green light (UKs HS2)

    01/06/2012 9:45:42 PM PST · by Olog-hai · 2 replies
    Daily Telegraph (UK) ^ | 8:00AM GMT 07 Jan 2011 | James Kirkup, Deputy Political Editor
    The £32-billion high-speed rail line from London to Birmingham has been given final approval and will go ahead as proposed, ministers will announce next week. Justine Greening, the Transport Secretary, will disclose that the Coalition has rejected calls to abandon or alter its plans for the project, which will see trains travelling at 250mph through the Chilterns. The decision will be welcomed by business leaders but will dismay critics — including some senior Conservatives — who fear the new line will spoil some of the most beautiful parts of rural England. Construction of the 100 mile-long line to Birmingham will...
  • Senate Approves $500 Billion Increase in Borrowing Authority

    09/10/2011 7:59:10 AM PDT · by stevie_d_64 · 40 replies
    The Washington Wire ^ | September 8, 2011 | Corey Boles
    The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion, enough to keep the support federal government borrowing through late January or early February. The action came under an unusual legislative procedure spelled out under the August agreement to raise the U.S. debt ceiling and avoid a U.S. credit default. In a 52-45 vote, the Senate blocked an attempt by Republicans to slow down the process that will result in the $500 billion debt-ceiling increase. The increase stems from a deal between Congress and the...
  • After Quinn's Big Tax Hike, Illinois Has Lost More Jobs Than Any Other State

    09/01/2011 6:14:20 AM PDT · by george76 · 27 replies
    Business Insider ^ | Aug. 31, 2011 | Mike "Mish" Shedlock
    Thanks to Illinois governor Pat Quinn and the Illinois legislature Illinois Loses Most Jobs in the Nation. In a trend that continues to worsen, more Illinoisans found themselves unemployed in the month of July. Illinois lost more jobs during the month of July than any other state in the nation. ... When it comes to putting people back to work, Illinois is going backwards. Since January, Illinois has dropped 89,000 people from its employment rolls. A combination of high taxes, overspending and red tape do nothing but chase away job creators and leave too many citizens without jobs. Springfield needs...
  • Our Ship Is Sinking - Stop the Leak

    07/20/2011 7:25:58 PM PDT · by stolinsky · 12 replies · 1+ views ^ | 07-21-11 | stolinsky
      Our Ship Is Sinking − Stop the Leak David C. Stolinsky July 21, 2011 Some time ago, I saw a TV documentary about the cruise ship Oceanos, which sank off the coast of South Africa. The story is all too relevant to our current problems. At about 9:30 pm, sea water began leaking into the engine room. Power for the engines was cut, leaving the ship dead in heavy seas. Only emergency lights remained. The captain, officers, and many crew members began readying the lifeboats − for themselves. Portholes were not closed. The leaky bulkhead was not shored...
  • The New York Times Concedes 'Decades of Overspending' by State Governments

    12/27/2010 1:36:47 AM PST · by TigerLikesRooster · 15 replies · 2+ views
    Weekly Standard ^ | 12/26/10 | William Kristol
    The New York Times Concedes 'Decades of Overspending' by State Governments William Kristol December 26, 2010 12:05 PM You know conservatives are winning when the most dogmatic and obdurate liberals (inadvertently) throw in the towel. In the midst of an otherwise predictable editorial today on "The Looming Crisis in the States," in which the New York Times calls for state tax hikes and more aid from Washington, we find this sentence: "Starved for revenue and accustomed to decades of overspending, many states have been overwhelmed."
  • The Royal Obama Asia Entourage Going to Visit America's Outsourced Jobs

    11/08/2010 8:07:03 AM PST · by Alaphiah123 · 2 replies
    Creating Orwellian Worldview ^ | 11/8/10 | Alaphiah
    It is not rumor, it is not wild conjecture, it is not racism, and it was a creditable news report out of India early last week that fixed the cost of the Obama trip to India at 200 Million dollars a day. The Obama administration seeing the PR nightmare this could turn into after the November 2 midterm election rebuke of the presidents Socialist agenda and Socialist ideology rushed to neutralize the negative impact of the news report by calling the report rumor and by attacking anyone who repeated this report as enemies of the president. But fact is this...
  • Steinberg sets sights on filling budget hole in new year

    12/21/2009 4:46:58 PM PST · by SmithL · 2 replies · 234+ views
    SacBee: Capitol Alert ^ | 12/21/9 | Susan Ferriss and Torey Van Oot
    For state lawmakers, ringing in the New Year also means getting ready for what's shaping up to be another painful budget season. They'll return to the Capitol Jan. 4 to tackle a deficit that is expected to swell to $6.3 billion by the end of the fiscal year. Filling that hole -- and the $21 billion deficit projected for the next 18 months --tops Senate President Pro Tem Darrell Steinberg's list of priorities for the new year. Steinberg said in an interview with The Bee that while further cuts and new revenues will be needed to close that gap, the...
  • Obama takes aim at government overspending (Contractors and government contracts cut back proposed)

    12/21/2009 1:10:58 PM PST · by NormsRevenge · 32 replies · 1,121+ views
    AFP on Yahoo ^ | 12/21/09 | AFP
    WASHINGTON (AFP) President Barack Obama on Monday touted a plan to cut back on wasteful spending on federal government contractors, a plan he said is on track to save 40 billion dollars per year by 2011. "Between 2002 and 2008, the amount spent on government contracts more than doubled. The amount spent on no-bid, non-competitive contracts jumped by 129 percent. This is an inexcusable waste of money," Obama said. Shortly after taking office in January, Obama set a goal for federal agencies to save up to 40 billion dollars per year in contracting costs by 2011. Since then, "24...
  • Obama mind-boggling HYPOCRISY

    05/16/2009 12:56:02 PM PDT · by TheDailyChange · 4 replies · 354+ views
    The Daily Change ^ | 05162009 | TDC
    Oh yes brother, preach it to us, America is overspending, we need more financial responsiblilty, right? Well, lets have a brief re-cap, shall we? Obama signed the $787 billion stimulus strong-armed through congress! Obama signed a $410 Billion Omnibus Spending Bill With Bipartisan Pork Obama signed a $3.4 TRILLION budget, with NO Republican support! AND NOW, congress is preparing for passage of the Obama MASSIVE Healthcare Entitlement program.
  • More California Towns Face Bankruptcy

    12/18/2008 7:15:19 AM PST · by St. Louis Conservative · 25 replies · 987+ views
    The Wall Street Journal ^ | December 18, 2008 | Bobby White
    RIO VISTA, Calif. -- California may soon have more bankrupt towns on its hands. The city of Vallejo, Calif., gained national attention earlier this year by filing for Chapter 9 bankruptcy protection. Now, two neighbors are fighting to avoid the same fate, as the state's economic crisis spreads. Isleton and Rio Vista, small towns roughly 50 miles northeast of San Francisco, say they have begun consulting with bankruptcy lawyers as they draw up plans to deal with their mounting budget crises. The towns' leaders say they hope to avoid bankruptcy, but concede the move may eventually be their only option....
  • How to Wreck a Treasury: 20-29-33...

    11/16/2007 4:42:58 PM PST · by Amerigomag · 9 replies · 103+ views
    Tom McClintock's Blog ^ | Tom McClintock
    Three simple numbers explain how the states finances have been wrecked. We saw similar numbers just before the Davis collapse and theyre back. In this case, theyre 20, 29 and 33. During the four years of the Schwarzenegger administration, inflation and population have grown at a combined rate of 20 percent. Even after accounting for the recent revenue downturn, our revenues have still vastly outstripped this pace, growing 29 percent in the same period. Anyone who blames inadequate revenue for the states budget woes is obviously being driven by ideology and not reality. The problem is that while revenues have...
  • The State's Money Woes Will Trump Its Big Plans (California Big Government Boom Time Over Alert)

    11/15/2007 10:06:47 AM PST · by goldstategop · 30 replies · 58+ views
    Los Angeles Times ^ | 111/15/2007 | George "Slumberin" Skelton
    There is n-o m-o-n-e-y. California's state government is i-n d-e-b-t and the hole is getting deeper. We should change the name of this state to "Denial." Unless the politicians and voters are willing to raise taxes, forget all these grandiose new government programs Sacramento has been yakking about concerning healthcare and education. In fact, forget them anyway for now. Tax increases will be needed just to pay for what the governor, the Legislature and the voters already have saddled on the state. Nonpartisan Legislative Analyst Elizabeth G. Hill confirmed Wednesday what previously had been leaked by the Schwarzenegger administration: The...