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Keyword: budget

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  • Michigan State Budget Has Increased Almost $5 Billion the Past Three Years

    07/29/2014 12:30:16 PM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 7/26/2014 | Tom Gantert
    Amid all the publicity of the city of Detroitís bankruptcy and bailout, the scramble to find money for road repairs and school superintendents who have spun funding increases as reductions, what may be lost is that the overall state budget is projected to increase by $2 billion in fiscal 2014-15. In fact, the state will spend about $4.7 billion more than it did in 2011-12, according to the Senate Fiscal Agency. An increase in federal money accounts for $2 billion of that $4.7 billion increase over the past three years. The state has appropriated $53.12 billion for 2014-15. The overall...
  • The Pentagon Overpays for Almost EverythingóEven Prescription Drugs

    07/28/2014 11:11:22 AM PDT · by MadIsh32 · 11 replies
    Business ^ | July 28th, 2014 | Kenny
    Britainís Farnborough Air Show wrapped up last week after seven ear-splitting days. To impress the excited kids and jaded dealers in attendance, the U.S. sent an F-8, an F-15, and a pair of F-16s. But the much anticipated F-35 Lightning II Joint Strike Fighter was a no-show. After a runway fire grounded the fleet earlier this month, the Department of Defense suspended negotiations to purchase the next batch of the planes. The troubled fighter is only the latest in a growing number of cases where the DOD has bought poorly designed and massively overpriced equipment for the nationís armed forces....
  • Immigration Hype

    07/26/2014 5:27:55 AM PDT · by NaturalBornConservative · 36 replies
    Natural Born Conservative ^ | July 26, 2014 | Larry Walker, Jr.
    A Never-Ending Scheme:: By: Larry Walker, II ::According to the New York Times, ďHoping to stem the recent surge of migrants at the Southwest border, the Obama administration is considering whether to allow hundreds of minors and young adults from Honduras into the United States without making the dangerous trek through Mexico, according to a draft of the proposal.ĒAnd, ďIf approved, the plan would direct the government to screen thousands of children and youths in Honduras to see if they can enter the United States as refugees or on emergency humanitarian grounds. It would be the first American refugee effort...
  • Paul Ryan's Proposed Budget Cuts

    07/20/2014 8:46:52 AM PDT · by dvan · 27 replies
    NA | NA | NA
    Date: Sat, 19 Jul 2014 16:24:12 -0700 Subject: RE: Budget Proposal This looks like a pretty healthy platform to start running on... In order to begin getting our country's spending under control, there has to be some elimination and take aways. Here's Paul Ryan's proposed cuts. PAUL RYAN'S PROPOSED BUDGET CUTS A List of Republican Budget Cuts Notice S.S. and the military are NOT on this list. These are all the programs that the new Republican House has proposed cutting. Read to the end. * Corporation for Public Broadcasting Subsidy -- $445 million annual savings. * Save America 's Treasures...
  • The wrong folks get billions in tax dollars ($106 BILLION just last year)

    07/13/2014 12:08:41 AM PDT · by Innovative · 9 replies
    CNN ^ | Jull 12, 2014 | Blake Ellis
    A government watchdog agency said an estimated $106 billion in payments were made in error last year: meaning they were the wrong amount, went to the wrong person or lacked sufficient documentation. These payments include tax refunds, unemployment benefits, Social Security benefits, and Medicare and Medicaid coverage. The improper payments could be even higher since not all agencies reported to the Government Accountability Office. The Department of Agriculture's School Breakfast program, which provides free or reduced-price meals to needy students -- had the highest error rate in 2013, at 25%.
  • The Government Just Posted Its First Four-Month Budget Surplus In Years

    07/11/2014 11:34:50 AM PDT · by SeekAndFind · 50 replies
    Business Insider ^ | 07/11/2014 | Rob Wile
    The U.S. government posted a net surplus over a four-month period for the first time since 2007 in the March-June, according to the latest monthly Treasury statement.¬† For June, the surplus totaled $71 billion. That actually fell short of expectations of a surplus of $80 billion.Still, Washington is now on pace to record the lowest annual deficit since 2008, with a¬†fiscal year to date deficit of $366 billion. That's 28% less than the shortfall recorded in the same period last year, according to Marketwatch, thanks mostly to increased revenue.‚ÄúDeficits are rapidly declining,‚ÄĚ Paul Edelstein,¬†director of U.S. financial economics at IHS...
  • Republican Cochran wins with Dems, should Alabama close its primary to avoid it happening here?

    06/28/2014 3:51:32 PM PDT · by ObamahatesPACoal · 37 replies
    YellowHammer News ^ | Cliff Sims
    Sen. Thad Cochran (R-Miss.) overcame tea party-backed challenger Chris McDaniel in a runoff Tuesday night after finishing second behind him in the primary three weeks ago. Although he now faces a Democrat in November, Cochranís runoff victory likely secures him a whopping seventh term in the U.S. Senate. Alabamians were paying unusually close attention to the out-of-state race because of its potential impact on the committee assignments of one of our own U.S. senators, Richard Shelby. (SNIP) With all of the action in Republican primaries now, the teachersí union and liberal activists launched a coordinated effort to get traditionally Democratic...
  • State Budget Shifts Extra Revenue Sharing Funds To Detroit

    06/26/2014 5:46:25 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 6/22/2014 | Tom Gantert
    Fresh off the Michigan Legislature approving a $195 million bailout for Detroit, some elected state officials and the governor are looking to favor the city again, but this time with the statutory revenue sharing. Detroit is budgeted in 2014-15 to receive $140.5 million in the money taken from sales tax revenue, a $4.2 million increase from 2013-14. Thatís what is proposed in Gov. Rick Snyderís budget, which is in committee. By comparison, the city of Flint is budgeted to receive $6.7 million in state shared revenue and Grand Rapids is expected to receive $5.3 million in 2014-15. Detroit has a...
  • Ex-Im critics sharpen knives for hearing (will bring up suspended bank officials and kickbacks)

    06/25/2014 4:05:33 AM PDT · by Cincinatus' Wife · 5 replies
    The Hill ^ | June 25, 2014 | Vicki Needham
    Criticism will rain down Wednesday on the Export-Import Bank as members of an influential House panel debate whether itís time to disband the agency. Fred Hochberg, the chairman of the embattled bank, will square off in testimony against House Financial Services Committee Chairman Jeb Hensarling (R-Texas), who is leading the charge to let the bankís charter expire in September. Hensarling and other members are likely to press Hochberg about reports that the bank has suspended or removed four officials for taking kickbacks, a controversy that could strengthen the hand of Ex-Imís foes. Business supporters swarmed Capitol Hill ahead of the...
  • How Puckett resignation could break the budget impasse (VA Senate)

    06/09/2014 8:57:38 AM PDT · by csvset · 10 replies
    Daily Press ^ | June 9, 2014 | Dave Ress
    How could Democratic state Sen. Phil Puckett's resignation move the budget and Medicaid impasse? Counting noses, it means what was a 23-17 Senate majority (20 Democrats, three Republicans) for a budget that includes a provision for tapping Affordable Care Act dollars to extend health insurance for low income Virginians now stands at 22-17. But it also means what was a 20-20 split, with Democratic Lt. Gov. Ralph Northam a tie-breaker on everything except the budget, is now a 20-19 GOP majority. So, look for movement this week to bring the state Senate back into session (it takes nine to call...
  • Top senator says cost-cutting culture fueled veterans scandal

    05/27/2014 2:33:01 PM PDT · by LucianOfSamasota · 59 replies
    Yahoo! ^ | 27 May, 2014 | Meredith Shiner
    Sen. Patty Murray, D-Wash., said in an interview that Washingtonís cost-cutting culture helped spark the growing Veterans Administration hospital controversy by encouraging VA officials to understate their financial needs both internally and to Congress. Murray, a top appropriator and former chairwoman of the Senate Veterans Affairs Committee, had strong words for a department that she said not only faces chronic management issues but also consistently underestimates its funding needs and how many veterans will seek care each year. Though many Republicans have called for current VA Secretary Eric Shinseki to step down from his post in light of reports of...
  • Mark Levinís liberty amendment flip-flop on balancing the annual budget

    05/23/2014 6:44:45 AM PDT · by JOHN W K · 41 replies
    5-23-14 | johnwk
    Isnít it interesting to recall that on November 18, 2011 Mark Levin said he was ďhappy the balanced budget amendment didn't pass the House because it was a fraudĒ, and now Mark Levin promotes a fraudulent balanced budget amendment with one of his ďliberty amendmentsĒ which would make it constitutional for Congress to not balance the annual budget? The two of sections of Markís fraudulent balanced budget amendment making it constitutional for Congress to not balance the annual budget are: SECTION 6: Congress may provide for a one-year suspension of one or more of the preceding sections in this Article...
  • Mikulski Addresses $4B Budget Gap With Gimmicks

    05/22/2014 12:00:04 PM PDT · by Oldeconomybuyer · 3 replies
    ABC News ^ | May 22, 2014 | By ANDREW TAYLOR, AP
    The Democratic chairwoman of the powerful Senate Appropriations Committee moved aggressively Thursday to use gimmicks to fill in an unexpected $4 billion gap in the budget. Mikulski's maneuver came after congressional scorekeepers surprised lawmakers by predicting that the Federal Housing Administration will produce $4 billion less in revenues from the mortgages it insures than the administration believes. Sen. Richard Shelby said Mikulski's maneuvering amounted to an end run around a December budget pact between Senate Budget Committee Chairman Patty Murray, D-Wash., and House Budget Chair Paul Ryan, R-Wis. that replaced some automatic cuts to agency operating budgets with new fees...
  • Punch-Out!!: Warner VS. Warner on Balanced Budget Amendment

    05/21/2014 10:30:28 AM PDT · by Nachum · 2 replies
    Free Beacon ^ | 5/20/14 | staff
    Gillespie campaign throws Warnerís views into the boxing ring together, NES style
  • Christie's foreign policy speech criticized by NJ Republican senator

    05/19/2014 6:19:51 PM PDT · by ObamahatesPACoal · 4 replies
    The Star-Ledger ^ | Matt Friedman
    Gov. Chris Christieís foreign policy speech Sunday night is facing some criticism at home ó from a fellow Republican. State Sen. Michael Doherty (R-Warren), one of the most conservative New Jersey lawmakers, said Christieís vision for Americaís role in the world is unsustainable. ďDuring his speech yesterday, Governor Christie advocated for an aggressive, interventionist foreign policy,Ē Doherty wrote in an email to the Star-Ledger. ďHe sounds like a Woodrow Wilson progressive who is out of step with the views of the American people.Ē
  • Deficit Is Down, So Thank The Tea Party

    05/16/2014 4:49:38 PM PDT · by jazusamo · 14 replies
    Investors.com ^ | May 16, 2014 | Stephen Moore
    American history has been profoundly shaped by citizen-driven grass-roots movements that spontaneously combust into seismic political change. This is the story of the Founding Fathers, the abolitionists, the progressives, the civil-rights movement, the 1970s tax revolt and ... it's time to add to that list the oft-maligned tea party movement. We don't fully recognize the earthquake change brought about by these millions of military veterans, housewives, nurses, schoolteachers, construction workers, senior citizens, investment bankers and clergy who saw the recklessness and immorality of debt, redistribution, Washington waste, federal bailouts and ObamaCare. Nancy Pelosi couldn't have gotten it more wrong when...
  • IDF facing budget disaster; Yaíalon: ĎThe money is goneí

    05/08/2014 3:43:13 PM PDT · by Olog-hai · 10 replies
    Yedioth Ahronoth ^ | 05.09.14, 01:13 | Alex Fishman
    Chief of Staff Benny Gantz is being careful of voicing the facts publicly, but Defense Minister Moshe Yaíalon has stepped up to the plate and told the truth of reality for him. ďThe money is gone. The defense apparatus is in crisis, and we need to loosen up the defense budget now,Ē Yaíalon said. Military officials have been debating whether or not to go to the media to address the problem. Their fear was not only public confrontation in front of the political leadership, but primarily the possible harm to the IDFźís deterrence capability. Ö
  • What Would A Republican Congress Do?

    05/05/2014 5:51:21 AM PDT · by LeoMcNeil · 15 replies
    There are six months to go before the mid-term elections. Things are looking relatively good for the GOP. Obama’s poll numbers continue in the low 40′s. Generic ballots are moving in the Republicans direction. Obamacare continues to be unpopular and a major problem for Democrats. Even a supposedly good jobs report with a 6.3% unemployment rate has been offset by the government removing 800,000 people from the workforce and first quarter growth rate of 0.1%. All the polling for Obama and the Democrats indicate they are in a worse position heading into the 2014 midterms than they were heading into...
  • Just How Much Beyond the Presidential Salary Do The Obamas Spend on Travel and Vacays?

    05/01/2014 7:58:36 PM PDT · by Aria · 27 replies
    Independent Journal Review ^ | 5/1/2014 | Michael Hausam
    Obama administration travel and vacation documents were released yesterday by Judicial Watch, and they reveal an unprecedented level of executive branch leisure spending. According to public information: ¬ďAs of 2001, the president earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 nontaxable travel account, and $19,000 for entertainment. The most recent raise in salary was approved by Congress and President Bill Clinton in 1999 and went into effect in 2001.¬Ē Obtained via a Freedom of Information request, here are some of the Obama presidency¬ís spending items: Since 2009, a total of $40,000,000 has been spent....
  • State Budget Process Allows For Plausible Deniability

    04/29/2014 10:28:45 AM PDT · by MichCapCon
    Capitol Confidential ^ | 4/24/2014 | Jack Spencer
    It might be spring in the rest of the Northern Hemisphere, but in Lansing it is budget season. Michiganís budget process has changed under Gov. Rick Snyder. He uses omnibus budget bills and makes sure he will be able to claim the budget gets completed by June. This approach combines the budgets for all of the stateís departments into two big spending bills. One bill is for spending from Michiganís General Fund and the other is for spending from the School Aid Fund. Both include various forms of federal funding. Other sources, such as the money from Indian casinos and...
  • How Will the Ukraine Crisis Affect the Defense Budget?

    04/28/2014 3:23:46 PM PDT · by SkyPilot · 4 replies
    Government Executive ^ | 28 Apr 14 | Charles S. Clark
    Rep. Mac Thornberry, R-Texas Russian President Vladimir Putinís ongoing push into Ukraine represents a ďstartling brazenness not seen in history,Ē a top House defense thinker said on Monday. ďIt means we need to expand the range of military options for which we have to be prepared,Ē according to Rep. Mac Thornberry, R-Texas, a member of the Armed Service Committee. On a recent trip to Asia just ahead of President Obama, ďI heard that China is a rising power and the U.S. is a declining one, which doesnít mean conflict is inevitable, only that thereís the potential for increasing complexity,Ē...
  • Obamacare: Sicker than we thought

    04/25/2014 6:07:00 AM PDT · by NMRed · 3 replies
    American Thinker ^ | 4/25/14 | William Tate
    For far too long, opponents of the Affordable Care Act focused on a malfunctioning website, which is akin to complaining that a guillotine's blade isn't sharp enough. The process doesn't really matter, if folks end up with their heads on platters. Even as Barack Obama does a NASCAR-like victory lap, claiming 8 million enrollees, there are ominous portents for his multi-trillion-dollar "signature" program. Mr. Obama might want to check the lug nuts before he spins another donut. Early reports show that folks signing up for health insurance through ACA exchanges are less healthy than expected, and that the high cost...
  • The Big Conundrum of Small GovernmentOnly way out is a balanced budget amendment.

    04/24/2014 7:08:07 AM PDT · by ReleaseTheHounds · 14 replies
    The American Spectator ^ | April 24, 2014 | Brad Lips
    n Washington, it is never too early to discuss who will next reside in the White House. But the real question is not who; it's what he will do there. Could even a President Paul, Lee, or Cruz accomplish the dramatic downsizing of government that we need? How would he push a Tea Party agenda, given what I call the Big Conundrum? The Big Conundrum is that those of us who believe in limited government abhor how much power has been appropriated to the executive branch. It would seem a type of hypocrisy to use those same powers to radically...
  • CBO ON OBAMA BUDGET: HIGHER DEFICITS THAN CLAIMED

    04/17/2014 2:11:18 PM PDT · by Jim Robinson · 13 replies
    Breitbart ^ | April 17, 2014 | AP
    WASHINGTON (AP) ó A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama's budget request would mean significantly larger budget deficits than the White House claims. CBO says the budget plan proposed last month by Obama would produce deficits of $6.6 trillion over the next 10 years ó $1.6 trillion more than the White House estimates. The main reason is that the White House has a rosier estimate of the economy's performance over the decade than CBO. That means the administration predicts higher tax revenues. The president's budget is just a proposal; it has gained little...
  • George Will: A Recourse to Budgetary Inaction

    04/11/2014 1:10:08 PM PDT · by JeepersFreepers · 27 replies
    Tulsa World ^ | 4/10/14 | George Will
    From the Goldwater Institute ...comes an innovative idea. It would use the Constitution's Article V to move the nation back toward the limited government the Constitution's framers thought their document guaranteed. The Compact for America is the innovation of the Goldwater Institute's Nick Dranias, who proposes a constitutional convention carefully called under Article V to enact a balanced-budget amendment written precisely enough to preclude evasion by the political class.Congress, which relishes deficit spending, would not, unilaterally and unpressured, send this amendment to the states for ratification. Hence the Goldwater Institute's recourse to Article V. It provides, in the same sentence,...
  • Budget Chief Is Choice as New Health Secretary

    04/10/2014 4:27:29 PM PDT · by Nachum · 21 replies
    New York Times ^ | 4/10/14 | Michael D. Shear
    Washington - Even when Sylvia Mathews Burwell was in her early 30s, friends speculated that she might return to her native Hinton, W.Va., and run for governor someday. After all, she had been a Rhodes scholar, and her mother ó who later became mayor of Hinton, pop. 2,600 ó had driven her daughterís interest in politics. So far that has not happened, but plenty of other things under two presidents have. On Friday, President Obama is to nominate Ms. Burwell, currently director of the White House Office of Management and Budget, to take over one of the largest and most...
  • The People vs. Paul Ryan: Moderate Your Expectations, Ryan's Budget Proposal is Doomed.

    04/02/2014 9:22:58 AM PDT · by SeekAndFind · 7 replies
    National Review ^ | 04/02/2014 | Kevin D. Williamson
    Paul Ryan has laid down another marker. Pity he doesnít have the power to lay down the law. Representative Ryan has a budget, and the Democrats do not have one, nor do they plan to produce one. The proverb holds that you canít beat something with nothing, but that is precisely what congressional Democrats are going to do with this Republican budget, just as they have with earlier iterations of the same concept. Representative Ryan finds himself in much the same position as Senator Rand Paul: ready to lead, a bit short on followers. My recent pessimistic assessment of Senator...
  • Paul Ryan's Budget Exposes Democrats' Bankruptcy Of Ideas

    04/02/2014 7:15:14 AM PDT · by SeekAndFind · 29 replies
    IBD ^ | 04/02/2014 | Editorial
    Whatever objections anyone might have to various details in Rep. Paul Ryan's bold new plan to cut $5 trillion of government waste, one fact trumps all else: Unlike Democrats, he offers solutions, not denial. The one thing that stands out in the long-term budget plan unveiled Tuesday by House Budget Committee Chairman Ryan, R-Wis., is his acceptance of a fact Democrats want to hide: You can't squeeze enough extra money out of the rich to pay for our endlessly expanding entitlement programs of Medicare, Medicaid and Social Security. Tax revenue over many decades has been relatively unchanging . And it...
  • Democrats and Republicans Are Driving America off the Fiscal Cliff

    04/02/2014 4:21:14 AM PDT · by bestintxas · 10 replies
    breitbart ^ | 4/2/14 | jb martin
    Watching congressional Democrats and Republicans wrestle over the budget is a little like watching Thelma and Louise. Democrats want to stomp on the gas pedal and race to the edge of the cliff at top speed, while Republicans want merely to set the cruise control. Neither approach addresses the fiscal realities of the situation. America has a debt of $17 trillion. Thatís more than $54,000 for every man, woman, and child in the United States. It is unsustainable and has to stop. Failure to do so will leave generations of Americans strapped with a crushing load of debt that jeopardizes...
  • SARAH PALIN: PAUL RYAN BUDGET 'A JOKE'

    04/01/2014 6:39:43 PM PDT · by Hojczyk · 103 replies
    Breibart Big Government ^ | April 1 | Tony. Lee
    Are you kidding? Youíd think one who is representing the mighty Badgers, who made it to the Final Four based on sacrificial work ethic and discipline that obviously pays off in the end, he who represents the great state of Wisconsin that hosts this underdog celebrated college basketball team, would understand that future success depends on hard work and sacrifices. The latest Ryan (R, Wisconsin) Budget is not an April Foolís joke. Palin said that the budget that was presented, though,"really IS a joke because it is STILL not seeing the problem." "It STILL is not proposing reining in wasteful...
  • NEW PAUL RYAN BUDGET SPENDS MORE NOW, STILL BALANCES IN TEN YEARS

    04/01/2014 11:32:06 AM PDT · by Jim Robinson · 38 replies
    Breitbart ^ | April 1, 2014 | by JONATHAN STRONG
    House Budget Committee Chairman released his Fiscal Year 2015 budget Tuesday ahead of a potentially difficult vote in the House as he continues to deal with unrest on the right from a deal he struck with Democratic Senate Budget Committee Chair Patty Murray (D-WA). The 2014 budget spent $3.498 trillion in 2015, while this year's budget spends $3.664 trillion, an increase of $166 billion. The 2014 budget spent $3.660 trillion in 2016, while this year's budget spends $3.676, an increase of $26 billion, according to a report outlining the budget. The spending in years further out is actually lower than...
  • Harry Reid: Paul Ryan budget creates 'Koch-topia'

    04/01/2014 10:39:57 AM PDT · by SeekAndFind · 43 replies
    Politico ^ | 04/01/2014 | By BURGESS EVERETT
    Senate Majority Leader Harry Reid preemptively slammed the budget proposal Rep. Paul Ryan (R-Wis.) will release Tuesday, calling it a document written to pander to the Koch brothers and other billionaires. ďItís a blueprint for a modernÖ how would we say this? Koch-topia. Yes, thatís it,Ē Reid said. ďCall it whatever you want. We might as well call it the Koch budget because thatís what theyíre doing, protecting the Koch brothers.Ē Reidís remarks mark the latest volley in Democratsí mid-term election year strategy of attacking the Kochs repeatedly, hoping to fire up their liberal base and associate Republicans with the...
  • Paul Ryan Unveils 2015 budget plan: Includes major spending cuts

    04/01/2014 10:34:54 AM PDT · by SeekAndFind · 16 replies
    CBS News ^ | 04/01/2014 | ALICIA BUDICH
    "Tighten the belts" is one tired takeaway from House Budget Committee Chairman Paul Ryan's budget proposal, released today. The budget proposes to cut $5.1 trillion from projected spending over the next 10 years, getting a lot of its savings from repealing the president's health care law and changing Medicaid. The document, titled again, "Path to Prosperity," is largely for show, as the bipartisan budget agreement authored by Ryan, R-Wisc., and his Senate counterpart, Senate Budget Chairwoman Patty Murray, D-Wash., already set discretionary spending levels for the 2015 fiscal year. The budget agreement passed in both the Senate and the House...
  • Ryan unveils House GOP budget claiming balance (another Budget Resolution)

    04/01/2014 10:11:52 AM PDT · by sickoflibs · 16 replies
    yahoo news ^ | 4/1/2014 | ANDREW TAYLOR
    WASHINGTON (AP) ó House Budget Committee Chairman Paul Ryan unveiled an updated Republican budget plan Tuesday that would slash $5.1 trillion in federal spending over coming decade and promises to balance the government's books with wide-ranging cuts in programs like food stamps and government-paid health care for the poor and working class. Ryan's plan would also cut Pell Grants for low-income students and pensions for federal workers, while steering away from cuts to benefits for senior citizens, at least in the short term. The proposal would reprise a voucher-like Medicare program for future retirees that would be the basis for...
  • Illinois: How will we fix our budget problems? Letís tax millionaires!

    03/21/2014 2:12:17 PM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 03/21/2014 | Bruce McQuain
    This worked so well for France that Belgium had a real estate boom with the new tax on millionaires was announced. And New Jersey learned that millionaires have a tendency to leave when confronted with higher taxes. But Illinois? Well, per Michael Madigan, Speaker of the Illinois House of Representatives, Illinois is different: ‚ÄúWell, if they¬íre in Illinois today, they¬íre probably so much in love with Illinois that they¬íre not going to leave,‚ÄĚ he said, according to the Tribune‚Äďa backhanded acknowledgement of how poorly the state is already doing.Madigan may also be encouraged by California‚Äôs example, where millionaires have largely...
  • BUDGET 2014: Welfare spending will be capped at £120billion

    03/19/2014 9:11:04 AM PDT · by managusta · 9 replies
    The Mail ^ | 19 March 2014 | Matt Chorley
    Britain's welfare budget is to be capped at around £120billion-a-year to stop the benefits bill ballooning out of control. Chancellor George Osborne wants to limit the total amount the state spends on handouts, with ministers forced to face a Commons vote if costs spiral. Only pensions and Jobseekers Allowance will be excluded, meaning a raft of payments including pensioner benefits, income support, maternity pay and most housing benefit could be in the firing line. Mr Osborne argues that under Labour spending on benefits was 'out of control', with the number of people who have never worked doubling in a decade....
  • Health and Human Services Department Fiscal Year 2015 Budget

    03/12/2014 7:03:26 AM PDT · by Whenifhow · 9 replies
    http://www.c-span.org/ ^ | March 12, 2014 | c-span
    Secretary Kathleen Sebelius testified on the Health and Human Services Department fiscal year 2015 budget request.
  • Visits to national parks tumble on bad weather, federal shutdown

    03/10/2014 8:08:06 PM PDT · by Oldeconomybuyer · 10 replies
    Los Angeles Times ^ | March 10, 2014 | by Hugo Martin
    The partial government shutdown in October was largely to blame for a 3% drop in visitors to America's national parks in 2013, according to a report released Monday by the National Park Service. The country's 401 parks, historic sites and recreation areas drew 273.6 million visitors in 2013, about 9 million fewer than the previous year, according to the report. The 16-day government shutdown, sparked by a budget dispute in Washington, was responsible for reducing the visitation numbers by about 7.9 million, the report said. The communities near the parks lost about $414 million in spending by visitors because of...
  • 70% Of U.S. Spending On Writing Checks To Individuals

    03/10/2014 5:30:04 PM PDT · by 2ndDivisionVet · 23 replies
    Investor's Business Daily ^ | March 10, 2014 | John Merline
    Buried deep in a section of President Obama's budget, released this week, is an eye-opening fact: This year, 70% of all the money the federal government spends will be in the form of direct payments to individuals, an all-time high. In effect, the government has become primarily a massive money-transfer machine, taking $2.6 trillion from some and handing it back out to others. These government transfers now account for 15% of GDP, another all-time high. In 1991, direct payments accounted for less than half the budget and 10% of GDP. What's more, the cost of these direct payments is...
  • Journalists hide real numbers when reporting budget spin

    03/07/2014 3:45:30 AM PST · by afraidfortherepublic · 4 replies
    The Washington Examiner ^ | 3-6-14 | Scott Rasmussen
    The standard media coverage of President Obama's new budget claimed the proposals will cut $600 billion in spending over the next decade. It was just about impossible, though, to find any media story mentioning some basic numbers that belong in any story about a new federal budget. How much money is the federal government spending this year? How does that compare to what it spent last year, or expects to spend next year? Perhaps the reason for this failure is because the real numbers don't match up with the storyline. For example, in the current year, the federal government is...
  • Five jaw-dropping gimmicks in President Obama's budget

    03/06/2014 10:38:56 AM PST · by SeekAndFind · 9 replies
    Washington Examiner ^ | 03/06/2014 | Philip Klein
    President Obama's budget released Tuesday claims to reduce deficits by trillions of dollars, but a closer look at the details reveals that the deficit reduction is dependent on a number of gimmicks.Overall, Obama's budget for fiscal year 2015 still projects deficits of $4.9 trillion between 2015 and 2024 if all of his policies are adopted. But that is about $3 trillion less than what the Congressional Budget Office is projecting for the period and $2.2 trillion less than what the White House's own Office of Management and Budget is estimating for the period if there are no changes to current...
  • Classic Obama: FY2015 budget would hike taxes by $100 billion on the one thriving industry

    03/06/2014 7:34:58 AM PST · by SeekAndFind · 8 replies
    Hotair ^ | 03/06/2014 | Erika Johnsen
    The White House dropped President Obama‚Äôs FY2015 budget readout yesterday, and as the NYT rather aptly titled it, it amounted to little more than a ‚Äúpopulist wish list‚ÄĚ that doesn‚Äôt even try to look serious about addressing our runaway entitlement spending or ballooning national debt. It includes a lot more of the stimulus-spending-as-growth utter crapola we‚Äôve been dealing with for the past five years, and to really demonstrate just how bass-ackwards his and the Democrats‚Äô brand of economic thinking really is, we need look no further than what his would-be budget would inflict on one of the few bright spots...
  • China ups military spend by 12 percent. Are the gloves coming off?

    03/05/2014 3:36:37 PM PST · by SkyPilot · 13 replies
    The Christian Science Monitor ^ | 5 March 14 | Peter Ford
    China plans to spend $132 billion on its military as it asserts its maritime interests, putting it at odds with the US military preeminence in the Pacific. China made headlines today with its annual military budget, up 12.2 percent to $132 billion dollars this year. That's about one quarter of the $495 billion military budget that President Obama presented to Congress yesterday. Predictably, official commentary here stresses that China is a peace-loving nation with no aggressive intentions. But Beijing has also signaled its ambitions to be the power that holds the ring in the western Pacific, and those ambitions have...
  • Militaryís top general offers grim outlook on nationís defense

    03/05/2014 3:32:19 PM PST · by SkyPilot · 123 replies
    McClatchy DC ^ | 4 March 2014 | James Rosen
    The nationís top military commander painted a dark picture Tuesday of future U.S. defense capabilities clouded by shrinking Pentagon budgets and adversariesí technological advances that he said would erode American battlefield superiority. Army Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, provided his sobering views as part of the Quadrennial Defense Review, a congressionally mandated evaluation of U.S. military strength issued every four years. Dempsey predicted that it would become increasingly difficult to balance the competing demands of protecting allies abroad, securing Americans at home and deterring future wars. ďThe smaller and less capable military outlined in...
  • Budget Baloney

    03/05/2014 4:55:21 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | March 5, 2014 | John Stossel
    This week, President Barack Obama proposed "a budget that will create new jobs in manufacturing and energy and innovation and infrastructure, and we'll pay for every dime of it by cutting unnecessary spending, closing wasteful tax loopholes!" What? I must have fallen asleep and woken up in 2008. That could not be something he'd claim after five years in office -- years after making similar claims and not delivering on them. Does he think we have no memory, or that we're just ignorant? Are these just poll-tested phrases that work because most voters are too busy to pay attention?...
  • Obama's Budget Proposal - Lower Deficit, Higher Debt, Interest Keeps Growing

    03/05/2014 3:55:58 AM PST · by LD Jackson · 8 replies
    Political Realities ^ | 03/05/14 | LD Jackson
    If the news from the past few days hasn't been enough to dampen your fire, try this on for size. Tis the season for budget proposals in Washington. President Obama is the first to reveal what he wants to spend our money on, with Paul Ryan soon to follow. I'll try to take a look at Mr. Ryan's, when he turns it loose, but for now, all we have to go on is what the President has listed as his priorities. My friends, it is not pretty. It's more of the same, really. He wants more infrastructure spending, more education...
  • Obama's Bizarro-World Budget Plan

    03/05/2014 3:01:34 AM PST · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 03/04/2014 | IBD Staff
    Fiscal Irresponsibility: Just how out of touch is President Obama? In the midst of a faltering economy and rising global threats, he proposes a budget that would sharply cut defense spending and impose $1.8 trillion in tax hikes. Despite its relative insignificance in the grand scheme of things, the annual White House budget proposal does provide a window into the president's thinking on the size and scope of government. The fiscal 2015 budget ó released a month late on Tuesday ó also manages to showcase Obama's worrisome detachment from reality. The budget rests, for example, on the assumption that real...
  • Networks Tout Tax Cuts for Millions in Obama Budget, Ignore Fuzzy Math

    03/04/2014 2:18:25 PM PST · by Kaslin · 3 replies
    Newsbusters.org ^ | March 4, 2014 | Kyle Drennan
    The three network morning shows combined gave less than two minutes of air time to President Obama's proposed 2015 budget on Tuesday, though they all managed to highlight how the plan "will cut taxes for thirteen and a half million working Americans" [Listen to the audio or watch the video after the jump]. What the NBC, ABC, and CBS broadcasts all ignored was that the debt projections under the President's budget were off by $2.7 trillion compared to recent numbers released by the Congressional Budget Office. As the Washington Post pointed out on Tuesday, "[Obama's budget] forecasts a dramatic reduction...
  • Paul Ryan: 'Budget Isnít a Serious Document; Itís a Campaign Brochure'

    03/04/2014 10:06:53 AM PST · by Sub-Driver · 17 replies
    Paul Ryan: 'Budget Isnít a Serious Document; Itís a Campaign Brochure' 'This budget never balancesóever.' Daniel Halper March 4, 2014 11:55 AM Paul Ryan, chairman of the House Budget Committee, slams President Obama's budget in a statement released by his office. ďThe Presidentís budget is yet another disappointmentóbecause it reinforces the status quo. It would demand that families pay more so Washington can spend more. It would hollow out our defense capabilities. And it would do nothing to preserve or strengthen our entitlements. The President has just three years left in his administration, and yet he seems determined to do...
  • Let's not get carried away with Minnesota budget surplus

    03/02/2014 5:49:13 PM PST · by TurboZamboni · 10 replies
    Pioneer Press ^ | 3-2-14 | Ed Lotterman
    Along with several other states, Minnesota has returned to a budget surplus after some sharp deficit years. Whether that is because of luck or good policy is a matter of divided opinion. But there reportedly is about $1 billion on the table. Already there are many suggestions on how to "use it" -- ranging from tax cuts to new spending. This is premature, fiscally irresponsible and dangerous to the state economy. This surplus is not a long-lasting "structural" one, and that should be taken into account. We should first build up a reserve fund for the day we go back...