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Keyword: budget

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  • Former Heritage Scholar Is Now Drafting Trump's First Budget 

    02/20/2017 7:53:23 AM PST · by GonzoII · 16 replies
    The Heritage Foundation ^ | February 20th, 2017
    Paul Winfree, former director of Heritage's Thomas A. Roe Institute for Economic Policy Studies, is serving as the White House’s director of budget policy and deputy director of the Domestic Policy Council. Winfree was appointed to the high-profile job during President Donald Trump's transition. 
  • Brownback Asks Trump To Save Some Kansas Highway Projects

    02/19/2017 11:10:43 PM PST · by Tolerance Sucks Rocks · 27 replies
    KCUR 89.3 ^ | January 26, 2017 | Jim McLean & Sam Zeff
    Kansas Republican Gov. Sam Brownback is hoping the federal government can rescue several critical infrastructure projects that the state can no longer afford.The Brownback administration recently sent what amounts to a wish list to President Donald Trump for inclusion in his planned infrastructure initiative. It includes the following $240 million in highway and bridge projects delayed or abandoned because of the state’s ongoing budget problems: $50 million to replace a section of the Lewis and Clark Viaduct that carries Interstate 70 across the Kansas River between Kansas and Missouri.$91 million to build an I-235 interchange in Wichita.$45 million to reconstruct...
  • PBS, NEA, AmeriCorps on the chopping block in Trump’s first budget

    02/18/2017 9:42:14 PM PST · by SeekAndFind · 80 replies
    Hotair ^ | 02/18/2017 | John Sexton
    The New York Times reported yesterday that the White House budget office has prepared a list of programs that could be eliminated in Trump’s first budget proposal. Among those programs are the Corporation for Public Broadcasting, the National Endowment for the Arts and Humanities and AmeriCorps. From the NY Times: Work on the first Trump administration budget has been delayed as the budget office awaited Senate confirmation of former Representative Mick Mulvaney, a spending hard-liner, as budget director. Now that he is in place, his office is ready to move ahead with a list of nine programs to eliminate,...
  • NANCY PELOSI IS LIVID ABOUT TRUMP'S BUDGET DIRECTOR'S 'RADICAL' PLAN TO REIN IN DC SPENDING

    02/17/2017 2:00:04 PM PST · by ChicagoConservative27 · 91 replies
    In a press briefing Thursday, House Minority Leader Nancy Pelosi, D-Calif. (F, 10%) attacked Rep. Mick Mulvaney, R-S.C. (A, 94%) for having a “radical agenda” and “very bad judgement in terms of values in a budget.” While Pelosi was giving her press conference, Mulvaney was confirmed by the Senate, 51-49, as director of the Office of Management and Budget (OMB). Only one Republican, Sen. John McCain, R-Ariz. (F, 32%) voted against confirming Mulvaney. “You remember — some of you were here — for the shutdown of government a few years ago? Mulvaney was the leader of the pack. And he...
  • With money tight, Texas budget writers eyeing billions approved by voters for roads

    02/13/2017 10:16:49 PM PST · by Tolerance Sucks Rocks · 11 replies
    The Texas Tribune ^ | February 13, 2017 | Jim Malewitz and Brandon Formby
    More than a year after Texas voters approved routing billions in state sales taxes to roads and bridges, some lawmakers are questioning whether the first payment of $5 billion should move forward as planned. Texans voted in 2015 to boost funding for state’s public roadways and bridges, which have strained under the state’s growing population. Proposition 7 — loudly cheered by top Texas leaders and supported by 83 percent of voters — changed the state constitution to route some taxes collected on car sales to the State Highway Fund. But in an unusually tightfisted legislative session, some Texas lawmakers are...
  • Trump’s surprise cost-cutting target: The first lady’s staff

    02/10/2017 7:57:33 PM PST · by EveningStar · 59 replies
    Miami Herald ^ | February 10, 2017 | Anita Kumar
    As President Donald Trump searches for ways to cut costs at the White House, he has set his sights on the first lady’s office. Trump is considering reducing the number of jobs in that office, which has grown to up to 20 employees in recent administrations, according to three people with knowledge of the situation who were not authorized to speak publicly about the deliberations. Anita McBride, who served in the last three Republican White Houses, including as chief of staff to former first lady Laura Bush, said any potential cutbacks might be consistent with the limited number of projects...
  • Brownback’s plan to sweep more highway money faces pushback

    02/06/2017 8:07:57 AM PST · by Tolerance Sucks Rocks · 2 replies
    The Wichita Eagle ^ | January 14, 2017 | Dion Lefler and Bryan Lowry
    Larry Hauth has a farm in Coffey County and a daughter in Wichita. Good roads are kind of important to him. So he’s disturbed by the ongoing and accelerating trend of the state taking money out of the highway fund to balance the rest of its budget. “One of the things Kansas has going for it, compared to our surrounding states, is our road system,” Hauth said. “When they built them in years past, they were thinking ahead. I don’t think we’re thinking ahead right now. We’re trying to tread water, at best.” Gov. Sam Brownback wants to take nearly...
  • California schools may face cuts amid skyrocketing pension costs

    01/24/2017 7:03:17 AM PST · by george76 · 57 replies
    San Francisco Chronicle ^ | January 23, 2017 | Jill Tucker
    Public schools around California are bracing for a crisis driven by skyrocketing worker pension costs that are expected to force districts to divert billions of dollars from classrooms into retirement accounts, education officials said. The depth of the funding gap became clear to district leaders when they returned from the holiday break: What they contribute to the California Public Employees’ Retirement System, known as CalPERS, will likely double within six years, according to state estimates. CalPERS, a public pension fund with $300 billion in assets that is the country’s largest, manages retirement benefits for 1.8 million current and former city,...
  • Will Republicans Tank Trump's Spending Cuts?

    01/24/2017 2:53:40 AM PST · by IBD editorial writer · 44 replies
    Investor's Business Daily ^ | 1/23/2017 | Staff
    Fiscal Policy: President Trump hasn't released a detailed budget plan yet, but already some Republicans are signaling their disinterest in making deep cuts to federal spending. The biggest obstacle to the conservative parts of Trump's agenda could be his own party. Trump hasn't been shy about wanting to see big changes in federal spending. Shortly before taking the oath of office, news came out that he is aiming for 10% spending cuts and a 20% cut in federal staffing. On his first full day in the White House, he announced a halt to hiring federal workers and a freeze on...
  • Fox Business Reporting that Pres. Trump Just Signed Federal Hiring Freeze and Withdrawal from TPP

    01/23/2017 8:53:18 AM PST · by xzins · 148 replies
    Fox ^ | 23 Jan 17 | Fox
    Article to follow when available
  • Trump Targets 3 Agencies With Ambitious Budget Cuts

    01/23/2017 8:33:45 AM PST · by Perseverando · 79 replies
    The Daily Signal ^ | January 23, 2017 | Thomas Pippen
    President Donald Trump’s reported plan to gut federal spending by $10.5 trillion over the next decade includes eliminating three of iconic agencies defended as cultural mainstays by many Democrats. The next administration is working on plans to eliminate the National Endowment for the Arts, the National Endowment for the Humanities, and privatize the Corporation for Public Broadcasting, The Hill reported Thursday. Combined, the three departments cost around $741 million in 2016, and is a small part of a host of budget reforms needed to cut more than a trillion a year from the federal budget. Eliminating funding to the Corporation...
  • Some Budget Ideas for 2017

    01/23/2017 6:59:05 AM PST · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 1/19/2017 | Michael LaFaive
    The Snyder administration is working on the governor’s next State of the State speech and budget presentation. The following list of ideas would free up more than $1.1 billion for higher priorities. The money could be used to finance infrastructure investments or cut personal income taxes, to name just two ideas. The governor’s 21st Century Infrastructure Commission has recommended billions in new spending. Michigan taxpayers are also owed a tax cut promised in 2007 in exchange for a “temporary” 11.5 percent personal income tax hike, a promise that was not kept save for a 0.1 percent rollback. The new year...
  • UNDER BUDGET: Trump Team to Return 20% of Unused Transition Costs to Treasury

    01/19/2017 10:46:32 AM PST · by Rufus Shinra · 43 replies
    Trump Conservative ^ | 1/19/2017 | Rufus Shinra
    With the official swearing in of Donald Trump less than 24 hours away, the president-elect is wasting no time following up on his campaign promise to reduce government spending and start completing projects "under budget". Trump's press secretary Sean Spicer held a briefing with reporters today to deliver an update on the transition process and readiness of the president-elect to take office. He started by introducing Vice President-elect Mike Pence, who told reporters that the process has been completed "on schedule and under budget". "We will actually return some 20 percent of taxpayer funding back to the U.S. Treasury, and...
  • Pence: Transition finished 'on schedule and under budget'

    01/19/2017 8:25:38 AM PST · by Enlightened1 · 13 replies
    The Washington Examiner ^ | 01/19/17 | Sarah Westwood
    Vice President-elect Mike Pence touted the progress of transition efforts Thursday during a surprise appearance at the first Washington, D.C., press conference for President-elect Trump's team, highlighting the fact that the transition had been completed "on schedule and under budget." "When we took over, I was impressed, frankly, with the work Gov. [Chris] Christie and the transition team had done prior to the election," Pence said. Trump put Pence in charge of the transition team shortly after his victory in November after allowing Christie to guide the process during the campaign months. Pence said the transition had conducted more than...
  • Trump looking to cut budget by 10%; slash 20% from federal workforce

    01/18/2017 6:42:41 AM PST · by SeekAndFind · 27 replies
    American Thinker ^ | 01/18/2017 | Rick Moran
    Donald Trump plans to hit the ground running when he takes office on Friday, assigning "landing teams" to coordinate with federal agencies to cut some department budgets by as much as 10% while slashing 20% from the federal workforce. Washington Examiner: The cuts would target discretionary spending, not mandated programs such as Medicare or Social Security, the sources said. The spending reductions are expected to be used to help pay for Trump's plan to boost the Pentagon's budget, tax cuts and some pet projects, potentially including the anti-immigration wall on the nation's southern border. The teams also are looking at...
  • Governor's grab of cash for roads risks fight in legislature

    01/17/2017 11:14:15 PM PST · by Tolerance Sucks Rocks · 27 replies
    The San Francisco Chronicle ^ | January 17, 2017 | Bob Christie, Associated Press
    PHOENIX (AP) — Arizona Gov. Doug Ducey's decision to again take for other uses state gas tax money intended to help cities and counties build and repair roads is getting a cold reception from some in the Legislature. The Republican governor's budget proposal for the year starting July 1 eliminates $86.5 million in highway spending in the current year, a decision likely to spur a fight with lawmakers from both parties who have been seeking a permanent stop to shifts of cash for road work to other uses. Legislation that would bar the practice and require gas tax money only...
  • House passes budget to begin Obamacare repeal

    01/13/2017 12:46:38 PM PST · by jazusamo · 41 replies
    The Washington Times ^ | January 13, 2016 | Tom Howell Jr.
    Nine Republicans balk at risky ‘repeal-and-replace’ strategyThe House passed a 2017 budget Friday that lays the groundwork for dismantling Obamacare, brushing aside intra-GOP anxiety and defiant Democrats to launch the repeal-and-replace strategy staked out by President-elect Donald Trump. Nine Republicans balked at the politically thorny plan — the budget doesn’t balance, and the party hasn’t coalesced around a health bill of its own. But their defections weren’t nearly enough to tilt the 227-198 vote, which imposes a Jan. 27 deadline for crafting legislation that guts the Affordable Care Act. “The ‘Unaffordable’ Care Act will soon be history!” Mr. Trump posted...
  • Is The U.S. Government Insolvent? Sorry, But Its Accountant Can't Tell You

    01/13/2017 4:06:44 AM PST · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 1/12/2017 | Staff
    Fiscal Policy: Question: What do you call it when a major organization's financial statements are so deceptive and badly kept that even its auditor refuses to render an opinion? Answer: The federal government. That's right, the U.S. Government Accountability Office (GAO), the federal government's accountant, refused to hand down an opinion of the federal government's financial statements for 2016 "due to deficiencies that have plagued prior financial statements — persistent financial management problems at the Department of Defense (DOD), the government's inability to account for and reconcile certain transactions, an ineffective process for preparing the consolidated financial statements, and significant...
  • Is The U.S. Government Insolvent? Sorry, But Its Accountant Can't Tell You

    01/13/2017 3:46:30 AM PST · by expat_panama · 11 replies
    Investors Business Daily ^ | Jan. 12, 2017 7:12 PM ET | Editorial
    ...What do you call it when a major organization's financial statements are so deceptive and badly kept that even its auditor refuses to render an opinion? Answer: The federal government. That's right, the U.S. Government Accountability Office (GAO), the federal government's accountant, refused to hand down an opinion of the federal government's financial statements for 2016 "due to deficiencies that have plagued prior financial statements — persistent financial management problems at the Department of Defense (DOD), the government's inability to account for and reconcile certain transactions, an ineffective process for preparing the consolidated financial statements, and significant uncertainties." No question...
  • When Do Deficits Matter? When there are Republican presidents, of course.

    01/10/2017 2:34:28 AM PST · by expat_panama · 18 replies
    National Review ^ | January 9, 2017 7:32 PM | Kevin D. Williamson
    It has long been rumored that Paul Krugman does not write the New York Times column that appears under his name. I have no reason to believe that that is true, but I hope it is. There are not many situations in which the reputation of a winner of the Nobel prize and the John Bates Clark medal would be improved by an act of intellectual dishonesty, but this is one of them. Like homelessness and military casualties, U.S. government deficits are an issue that bleep into visibility on the progressive radar almost exclusively during Republican presidencies. On October 23,...
  • Trump picks budget 'hawk' Mick Mulvaney to lead budget office

    12/17/2016 8:17:59 AM PST · by RoosterRedux · 61 replies
    President-elect Donald Trump has nominated Mick Mulvaney, a conservative Republican congressman from South Carolina who is known as a budget “hawk”, as director of the Office of Management and Budget. Donald Trump accuses China of 'unpresidented' act over US navy drone Read more In a statement issued on Saturday morning – shortly after Trump tweeted an inflammatory comment about China’s seizure of a US navy drone in the South China Sea – Trump called Mulvaney a “very high-energy leader with deep convictions for how to responsibly manage our nation’s finances and save our country from drowning in red ink”. Trump...
  • Some fun for a change

    12/17/2016 5:46:58 AM PST · by sodpoodle · 12 replies
    unknown | 12/17/2016 | self
    Marriage is sharing The old man placed an order for one hamburger, French fries and a drink. He unwrapped the plain hamburger and carefully cut it in half, placing one half in front of his wife. He then carefully counted out the French fries, dividing them into two piles and neatly placed one pile in front of his wife. He took a sip of the drink, his wife took a sip and then set the cup down between them. As he began to eat his few bites of hamburger, the people around them were looking over and whispering. Obviously they...
  • Tom Wolf administration pledges to seek spending cuts to fill estimated $600M budget gap

    12/14/2016 10:02:44 PM PST · by 198ml · 9 replies
    Pittsburgh Tribune ^ | 12/14/16 | Kevin Zwick
    Facing a budget shortfall that has grown to more than $600 million, the Wolf administration has pledged to cut agency spending before turning to tax increases to shore up revenue as Republicans clamor for a sweeping restructuring of government services. Budget Secretary Randy Albright on Wednesday estimated the current fiscal year shortfall has grown to $603 million, up from roughly $500 million projected a month ago by the Independent Fiscal Office. Albright said the administration will first look to restrain or reduce state spending before seeking additional revenues through tax increases.
  • US Budget Deficit Doubles As November Spending Hits All Time Monthly High

    12/12/2016 3:08:18 PM PST · by SeekAndFind · 7 replies
    Zero Hedge ^ | 12/12/2016
    While it is unclear if the recent increase in government spending and the resulting increase in the budget deficit, has been a factor in the recent string of better than expected US economic data, at 2pm on Monday the US Treasury announced that in November, the government's budget deficit rose to $136.7 billion, nearly double the $64.5 bilion deficit reported in the same month of 2015, which however was largely a function of a calendar quirk.Not only was November total more than double the amount reported a year ago, but the $136.7 billion deficit, was also the highest going...
  • Trump considering Goldman Sachs president for top budget post

    11/30/2016 2:25:10 PM PST · by SeekAndFind · 52 replies
    Politico ^ | 11/30/2016 | Ben White and Jake Sherman
    President-elect Donald Trump is considering Goldman Sachs President Gary Cohn for a senior administration job, possibly as director of the Office of Management and Budget, several sources close to the situation said on Wednesday. People familiar with the matter say Cohn's meeting with Trump on Tuesday included talks about a potential job in the new administration, possibly to run OMB, a sprawling office that will handle much of Trump's budget policy after he takes office in January. Cohn, who is friendly with Republicans and Democrats in Washington, is a longtime commodities trader who became Goldman's president and co-chief operating officer...
  • Note To Trump: Cut Useless, Unauthorized Spending And Here's The Place To Start

    11/25/2016 10:41:20 AM PST · by reaganaut1 · 40 replies
    Forbes ^ | November 25, 2016 | George Leef
    Let’s take Donald Trump at his word that he means to “drain the swamp” in Washington, D.C. One aspect of that swamp is the way federal agencies spend money on public relations and outright propaganda. The erosion of budgetary constraints over time has led to a situation wherein federal agencies (many of which have scant constitutional authorization in the first place) get piles of money to spend as the officials choose. No one should be surprised to find that they like to hire public relations specialists or contract with outside firms for material that makes them look good and their...
  • What China’s ‘Highway Robbery’-Style Toll Roads Say About its Economy

    11/20/2016 11:02:14 PM PST · by Tolerance Sucks Rocks · 19 replies
    Epoch Times ^ | October 30, 2016 | Cai Shenkun
    Why is China’s huge toll road system running massive losses despite billions of income from toll fees? It’s another strategy devised by the communist regime to siphon wealth from the public, says Cai Shenkun, a well-known Chinese economist and blogger.The Chinese state operates the largest toll road system in the world. Toll roads across the country collect more than 400 billion yuan (US$60 billion) each year. But strangely, this profitable monopoly industry reports huge losses year after year. According to recently released data by China’s Ministry of Transportation, revenue from toll roads was 409.78 billion yuan in 2015 while operating...
  • Most Americans Don’t Know About President Obama’s UniParty Slush Fund…

    11/12/2016 4:15:15 PM PST · by HarleyLady27 · 35 replies
    The Conservative Tree House ^ | Nov 12, 2016 | Sundance
    New Word: “Trumpenstroke“. – The act of eliminating dictatorial fiat with the counter stroke of a President Trump pen. It is actually easier to write about the simplicity of eliminating almost all of President Obama’s accomplishments specifically because of the way Team Obama went about constructing them, dictatorial fiat.
  • Trump/Congressman says GOP will use budget 'reconciliation' to repeal Obamacare in first 100 days...

    11/11/2016 10:39:50 AM PST · by Jim Robinson · 171 replies
    DailyMail ^ | November 11, 2016 | By Geoff Earle, Deputy U.s. Political Editor For Dailymail.com
    Trump-backing congressman says GOP will use budget 'reconciliation' to repeal Obamacare in first 100 days – depriving Democrats of the chance to filibuster it * Rep. Chris Collins, the first Republican to endorse President-elect Trump, says the GOP will move legislation to repeal Obamacare within Trump's first 100 days * Party would use budget procedure that would let them jam it through on a simple majority vote, depriving Senate Democrats of the filibuster * Medical device tax, 30-hour workweek for coverage, employer mandate, employee mandate all could go, gutting the plan * Says there would be a 'transition' for 2017...
  • IL Tollway announces $951M infrastructure program for 2017

    11/04/2016 6:43:53 AM PDT · by Tolerance Sucks Rocks · 12 replies
    Construction DIVE ^ | October 31, 2016 | Kim Slowey
    Dive Brief: The Illinois Tollway announced Thursday that it had set a preliminary budget for 2017 that includes $951 million for Move Illinois projects, as well as $336 million for a maintenance and operation program, according to Equipment World.Major Move Illinois capital initiatives planned for next year include the Illinois Route 390 Tollway ($374.5 million), SmartRoad upgrades to I-90 ($163.5 million), reconstruction of I-294 ($56.5 million) and expansion and maintenance of the I-PASS system. The remaining funds will go toward development, repair and maintenance.Move Illinois is a 15-year, $12-billion capital project program financed by bonds and tolls. The Illinois Tollway,...
  • Will next governor pave the way for more public-private partnerships?

    10/11/2016 7:05:15 PM PDT · by Tolerance Sucks Rocks · 5 replies
    The Indiana Lawyer ^ | October 11, 2016 | Hayleigh Colombo, IBJ Staff
    The controversial 2006 lease of the Indiana Toll Road paved the way for highway projects funded by public-private partnerships in Indiana — including the relatively smooth and nearly finished building of a bridge over the Ohio River at Louisville and the beleaguered construction of a 21-mile stretch of Interstate 69 from Bloomington to Martinsville. Indiana’s next governor — whose road-funding agenda will likely shape discussions at next year’s budget session of the Indiana General Assembly — will have a major role in crafting future deals to fund projects and maintain the state’s infrastructure. The question is whether the state will...
  • Are Democrats pushing the federal government toward a shutdown?

    09/27/2016 8:49:40 AM PDT · by aimhigh · 22 replies
    Fresno bee ^ | 0927/2016 | LINDSAY WISE
    Senate Republicans on Tuesday accused Democrats of edging the country toward a government shutdown in order to paint the GOP-led Congress as ineffective. Democrats said on Tuesday they plan to reject a stop-gap funding bill proposed by Republicans that includes emergency funds to combat Zika. The federal government will shut down if Congress doesn’t pass a bill to maintain current funding levels by the end of the month.
  • Harry Reid’s Mayhem Project

    09/27/2016 5:55:29 AM PDT · by Brilliant · 4 replies
    WSJ ^ | Sept. 26, 2016 | WSJ
    Retaking the Senate no longer seems like the cinch that Democrats imagined...and now they’re responding with budget obstructionism that could end with a government shutdown. If they can’t win on the merits, they can attempt to provoke a fake crisis. The last budget deal runs out...and the Senate will vote Tuesday on a “clean” continuing resolution... The bill also includes $1.1 billion to fight the Zika virus... funding for the recent heroin and addiction bill; and $500 million in disaster aid for Louisiana... This is exactly what Democrats...said they wanted. “If they want to get out of here,” Democratic leader...
  • Lunch is too expensive

    09/21/2016 6:00:22 AM PDT · by C19fan · 66 replies
    Washington Post ^ | September 20, 2016 | Abha Bhattarai
    What’s for lunch? If it’s a homemade sandwich or last night’s leftovers, you may be in good company. An increasing number of Americans are ditching $10 sandwiches and $12 salads in favor of food from home, according to new data from the research firm NPD Group. Lunch traffic is slowing at restaurants around the country, with weekday lunch visits down 7 percent compared to a year ago, the steepest decline since the beginning of the recession, data show. The reason? Nearly 40 percent of Americans now work from home (at least on some days), according to Gallup, and lunch out...
  • Critics Decry Gov. Walker Plan to Delay Zoo Interchange and Other Highway Projects

    09/16/2016 7:11:28 AM PDT · by Tolerance Sucks Rocks · 15 replies
    WUWM Milwaukee Public Radio ^ | September 16, 2016 | Ann-Elise Henzl
    Gov. Scott Walker is drawing sharp criticism for his plan to delay highway projects, including the Zoo Interchange in Milwaukee. In the past, the governor has hailed the interchange as key to state businesses that transport products throughout the region. Walker mentioned MillerCoors in his 2013 State of the State address. "MillerCoors is in a hyper-competitive industry. They're looking to find a competitive advantage: who can get a cold beer on a bar in Madison or Green Bay or even Chicago, the fastest. Beer trucks are tied up in the Zoo Interchange? The MillerCoors brewery here in Wisconsin is at...
  • NJ county threatening to sue state DOT over highway project shutdown

    09/16/2016 5:32:43 AM PDT · by Tolerance Sucks Rocks · 6 replies
    ConstructionDIVE ^ | September 15, 2016 | Kim Slowey
    Dive Brief: Passaic County, NJ, has announced its intention to sue the state's Department of Transportation for costs resulting from Gov. Chris Christie's order to shut down all projects funded through the near-empty Transportation Trust Fund (TTF), according to The Record.Citing safety issues, Passaic County officials said they used their own funds to continue with certain state projects after the shutdown, such as a $330,000 repaving project that left raised manhole covers exposed. The county has a multimillion-dollar lineup of infrastructure projects now on hold.Passaic County Counsel William Pascrell, who notified the state DOT of Passaic's intention to sue over...
  • French politicians mull ripping up EU budget rules

    09/11/2016 7:11:52 AM PDT · by Olog-hai · 10 replies
    TheLocal.fr ^ | 11 Sep 2016 09:04 GMT+02:00
    Nobody yet knows the winner of France’s presidential election next year, but the smart money is on one loser: The three-percent cap on government deficits enshrined in eurozone rules. A bedrock of euro stability for some, the requirement to keep government deficits to below three percent of gross domestic product (GDP) is seen by many as an insufferable strait-jacket on governments wanting to spend their way out of economic sluggishness. Many French politicians, on the left and right, wonder aloud whether France should start ignoring the EU Commission and three-percent defenders, including powerhouse Germany, and break free. “The European left,...
  • Dear Arizona Voters, Please Remind Yourself of this 2011 Video Before Voting Today…

    08/30/2016 2:57:30 AM PDT · by cotton1706 · 29 replies
    theconservativetreehouse.com ^ | 8/30/16 | Sundance
    The last federal budget was signed into law September of 2007 for fiscal year 2008. Almost a decade has passed without a federal budget. The 2009 ARRA (American Recovery and Reinvestment Act), otherwise known as “The $1,000,000,000,000 ’09 Stimulus Bill”, has been spent every year for the past 7 fiscal years. That’s correct. Due to no budget, and base-line budgeting continuous resolutions, aka “omnibus bills”, we’ve spent the 2009 “Stimulus Bill” seven more times. Each year, for seven consecutive years. Ask yourself: Where did it go?
  • Fantastic: Obama’s final budget explodes deficit to $590 billion

    08/29/2016 5:56:18 PM PDT · by Sean_Anthony · 21 replies
    Canada Free Press ^ | 08/29/16 | Dan Calabrese
    That's a 35 percent increase, and it brings debt held by the public to the highest share of GDP since 1952 If I told you the deficit was soaring, economic growth was terrible and ObamaCare was collapsing, you’d assume that Obama’s approval ratings would be in the tank and the Democrats would have no hope of electing someone who basically promises to continue his policies. Well, I’m telling you. All this is happening. But these are not the major issues in the presidential campaign because one candidate is hopelessly corrupt and dishonest and the other one just really bothers people...
  • Estimating the Costs Of Candidate Clinton’s Proposals [$2.2 trillion over the next decade]

    08/04/2016 1:42:57 PM PDT · by amorphous · 4 replies
    American Action Forum ^ | 4 August 2016 | Gordon Gray
    Former Secretary of State Hillary Clinton’s policy proposals as a candidate for president would have a dramatic effect on the federal budget.[1] To her credit, Secretary Clinton has provided a fair amount of detail on her positions. In addition, other organizations, most prominently the Tax Policy Center and the Committee for a Responsible Federal Budget, have also provided estimates of the current candidates’ proposals. This analysis primarily relies on public statement provided by the Clinton campaign, news reports, and third party estimates, specifically from TPC, CRFB, and the American Action Forum. Based on these estimates, Secretary Clinton’s proposals would, on...
  • Congress Should Not Use Defense Budget as Piggy Bank for Personal Priorities

    06/07/2016 9:21:19 AM PDT · by milton23
    The Daily Signal ^ | 6/7/2016 | Justin Johnson
    The defense budget should be used to pay things that make our country more secure and help the men and women in uniform accomplish their mission. Unfortunately, some in Congress use this funding as a piggy bank for their own unrelated priorities. In fact, for the current fiscal year, Congress took almost $500 million from the defense budget to pay for non-military research projects. This is the wrong way for Congress to operate, and is particularly concerning given how seriously underfunded our military currently is. The U.S. military is in rough shape due to crushing budget cuts over the last...
  • VFW Commander to Obama: Don't Insult Vets' Intelligence

    06/06/2016 2:05:23 PM PDT · by KeyLargo · 6 replies
    NewsMax ^ | June 3, 2016 | Jason Devaney
    VFW Commander to Obama: Don't Insult Vets' Intelligence By Jason Devaney | Friday, 03 Jun 2016 01:36 PM The Veterans of Foreign Wars organization is pushing back at President Barack Obama's assumption that the nation's veterans are easily swayed in their political opinions. "I don't know how many VFW Posts the president has ever visited, but our near 1.7 million members are a direct reflection of America," VFW National Commander John A. Biedrzycki Jr. said, reports Fox News. "We don't have confused politics, we don't need left- or right-wing media filters telling us how to think or vote, and we...
  • Gov. Jerry Brown's new budget must answer some tough questions

    05/13/2016 8:42:36 AM PDT · by ChicagoConservative27 · 9 replies
    Every May, governors revise their state budget plans and send a final proposal to the Legislature, a process that's designed to ensure that lawmakers use the most current information on the economy and tax revenues. And it's the economy that will likely take center stage in Friday morning's unveiling of Gov. Jerry Brown's new budget. Revenues collected from personal income taxes missed their target in April by about $1 billion, according to one preliminary analysis. At the same time, Democrats in the Legislature have urged Brown to do more to fund programs for struggling California families . How the governor...
  • U.S Cuts Aid, Pakistan To Pay For Own F-16 Fighter Jets

    05/04/2016 7:59:38 AM PDT · by huldah1776 · 6 replies
    TOLO News ^ | May 4, 2016 | TOLOnews
    The United States has informed Pakistan it will have to pay for eight American F-16 fighter jets itself after members of Congress raised objections to the proposed deal that would have seen the U.S sponsoring part of the purchase. The deal, estimated to be worth about $699 million USD, was approved by the U.S in February whereby the U.S would assist Pakistan with $430 million USD in aid to help finance the purchase. The deal involved up to eight F-16 fighter jets, along with radar and other equipment. However, this week, members of Congress voiced their unhappiness over the deal...
  • Exclusive–Chart: Deportation Budget Grows… While Deportations Plummet!

    05/02/2016 11:40:55 AM PDT · by Nachum · 6 replies
    Breitbart ^ | 5/2/16 | Caroline May
    While the budget for deportations has grown substantially over the past four years, the number of actual removals has plummeted. A new chart and analysis from the Senate Subcommittee on Immigration and the National Interest, obtained exclusively by Breitbart News, details the extent to which taxpayers are paying more and more for fewer and fewer deportations. More specifically, according to the Subcommittee, while Immigration and Customs Enforcement’s (ICE) budget for detention and removal budget grew 25 percent from FY 2012 to FY 2015, the total number of aliens it removed plummeted by nearly 43 percent. In FY 2012, ICE deported...
  • Kansas governor eyes tobacco bonds for budget fix

    04/21/2016 6:47:00 AM PDT · by C19fan · 8 replies
    Reuters ^ | April 20, 2016 | Mark Kauzlarch
    Kansas Governor Sam Brownback offered options on Wednesday for dealing with sinking revenue for the state's current and next budgets, including the sale of tobacco bonds. With the fiscal 2016 revenue estimated to drop by nearly $94 million and fiscal 2017 revenue expected to be $134.7 million less than previously projected, the Republican governor said Kansas could raise about $158 million through its first sale of bonds backed by its share of a 1998 multi-state settlement with U.S. tobacco companies.
  • Democrats Won't Meet With Malloy About Budget

    04/19/2016 11:15:16 AM PDT · by matt04 · 11 replies
    With two weeks left in the legislative session – and Connecticut facing a potential $922 million deficit next year -- the state budget talks have hit a stalemate as Democrats are refusing to meet with Gov. Dannel P. Malloy over personal and policy clashes. Democrats have harshly criticized Malloy's revised budget, which calls for deep cuts in educational cost-sharing funds and even no educational funding for wealthy communities like Greenwich and Madison. Some consider Malloy's cuts on education and the hospitals to be dead on arrival because they lack support from both Democrats and Republicans. Communities like West Hartford and...
  • Lyin’ Ryan – Four Months After Promising “Regular Order” Speaker Paul Ryan Announces No Prospect

    04/14/2016 6:00:47 AM PDT · by detective · 15 replies
    Conservative Treehouse ^ | April 13, 2016 | Sundance
    Truncated title. Full title: Lyin’ Ryan – Four Months After Promising “Regular Order” Speaker Paul Ryan Announces No Prospect for Fiscal Year 2017 Budget Please allow me to be perfectly clear. I hold a ‘traditional conservative’ outlook. Fiscally conservative. I don’t care if what you do in your bedroom, nor does it bother me if you choose to marry a squirrel, wear a snickers bar costume to the grocery store, or make it your life’s mission to spend all day filling canoes with pancakes. So long as your personal life choices in the pursuit of your happiness do not impact,...
  • Obama’s Tax-And-Spend Budget Would Add $7.5 Trillion To Debt, CBO Report Shows

    03/31/2016 4:31:38 AM PDT · by IBD editorial writer
    Investor's Business Daily ^ | 3/31/2016 | John Merline
    President Obama’s first budget as president declared that he was ushering in a “new era of responsibility.” His last budget as president shows that he’s presided over an era of unprecedented fiscal irresponsibility. That at least, is what the Congressional Budget Office’s independent analysis of Obama’s budget makes plain.
  • Metro Shutdown Highlights Risks of Democratic Transportation Autopilot Formula Proposal

    03/24/2016 7:45:56 PM PDT · by Tolerance Sucks Rocks · 17 replies
    MCGOP ^ | March 22, 2016 | Mark Uncapher
    In an unprecedented move to protect Washington Metro riders’ safety, the entire transit system was closed for a day last week in order to conduct emergency inspections of electric cables. This had to be done, since a rash of fires, fatalities and other breakdowns has raised concerns about the 40-year-old rail system’s continued capacity to deliver safe, reliable service. Currently the Metro Rail fares cover only a portion of its operating expenses. The system is completely dependent on its parent jurisdictions for paying any capital costs. Without state support, the necessary money would not be available. Few events better highlight...