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The Latest News about federal spending

Speaker John Boehner: ‘So Be It’

Progressives are up-in-arms over the loss of government jobs that will occur due to the kinds of deep budget cuts House Republicans are pushing.  House Speaker John Boehner’s response to them was clear, truthful and responsible In the last two years, under President Obama, the federal government has added 200,000 new federal jobs. If some of those jobs are lost, so ...

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New York Times Rues the Loss of Earmarks

Raymond Hernandez, in his New York Times post, still doesn’t get it and he’s found that many in Congress are also missing the point of the earmark moritorium. On Capitol Hill, though, many lawmakers remain opposed to the ban, including Senator Kirsten E. Gillibrand of New York, who has long supported overhauling the earmark process and who was among the first ...

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New Whitehouse COS, Bill Daley. Capitalist, or Socialist?

New Whitehouse Chief of Staff  Mr William Daley was on the TV over the weekend, making some interesting statements aimed at the current GOP message of cutting spending and debt reductions. When Mr. Daley was appointed by the President to replace Rahm Emanual. the media was quick to celebrate him as a person who understands capitalism and who will work well with ...

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Budgetary Gimmicks – We’re Only Fooling Ourselves

Anyone who has run a business or even a household budget, knows all too well that budget “gimmicks” will turn around and bite you sooner or later. Whether you are shifting overrun costs from one year to the next or spending more than you take in, most gimmicks are basically a deception and denial of reality. Unfortunately, this slight-of-hand is ...

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Some in GOP Still Think Earmarks are OK

There was an election last year.. right?  Republicans got the message from us on spending .. right?  Perhaps not all of them. The Hill published an article on Wednesday that demonstrated that there are some tone-deaf members of the House and you’ll never believe what committee their on – yup, Appropriations. Three Republican cardinals on the House Appropriations Committee say ...

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The .5% Lie Progressives Need You To Believe

One half of one percent of all government spending is in earmarks.  To quote a famous Congressmen, “You Lie!”, or more correctly, that number hides the real truth of earmark spending.  In a CNSNews article, Chris Johnson demonstrated the math: The $16.5 billion in earmarks identified by CAGW equaled 0.48 percent of overall federal spending in fiscal 2010 and 1.28 percent of ...

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Obama’s Debt Commission Releases Recommendations

Today the National Commission on Fiscal Responsibility and Reform, Obama’s deficit reduction panel,has released a 50-page draft proposal that includes recommendations intended to “stabilize then reduce the national debt”.  These actions, if taken, would hopefully avoid a situation in 2020 where we will be paying $1 Trillion a year in interest. Summary The Co-chairs draft proposal puts some big ideas out there: ...

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Carly Fiorina Unveils Plan To Rein In Out-Of-Control Government Spending

September 27, 2010 Highlights Boxer’s Decades of Support for Irresponsible Government Expansion SAN DIEGO, CA – During a town hall with students at the University of San Diego, U.S. Senate candidate Carly Fiorina today discussed the importance of creating jobs and ensuring a stronger economy for future generations. She also unveiled her plan to rein in out-of-control government spending by ...

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Let Loose the Dogs of..

As the economy continues to struggle, unemployment remains stagnant and government spending continues to climb through the roof, how do some of the most-visible people in the country react?  The let loose the dogs..

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The Reason for State Budget Collapses: Tax Cuts

In a Washington Independent article, Martha White writes that tax cuts and reductions to federal expenditures are to blame for the collapse of state budgets: A decade’s worth of cuts in federal aid combined with states moving to copy Bush administration tax cuts have led to states filling revenue shortfalls with regressive tax policies that disproportionately affect the poorest Americans. ...

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