Keyword: budget

Brevity: Headers | « Text »
  • Republicans pass budgets in both House and Senate, trim $5.1 trillion in spending

    03/27/2015 7:17:26 AM PDT · by SeekAndFind · 26 replies
    Hotair ^ | 03/27/2015 | Ed Morrissey
    Remember when a disagreement between Republicans on the budget was “cataclysmic” for GOP claims to governance? Democrats last passed a normal budget resolution six years ago, but Republicans went all of seven days before both chambers finally passed budget resolutions. Our long national nightmare, at least as envisioned by Politico, is over: The Senate passed a Republican-authored budget plan early on Friday that seeks $5.1 trillion in domestic spending cuts over 10 years while boosting military funding.The 52-46 vote on the non-binding budget resolution put Congress on a path to complete its first full budget in six years. It...
  • House Approves Balanced Budget Plan (edit)

    03/25/2015 4:08:03 PM PDT · by JennysCool · 7 replies
    ABC News ^ | 3-25-2015 | ABC News
    Normally quarrelsome House Republicans came together Wednesday night and passed a boldly conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare.
  • War budget might be permanent 'slush fund'

    03/25/2015 7:20:00 AM PDT · by C19fan · 3 replies
    Politico ^ | March 24, 2015 | Jeremy Herb and Bryan Bender
    The practice of slipping unrelated or pet projects into spending bills for the wars in Iraq and Afghanistan — from new helicopters to fighter aircraft — has long been derided as deceptive and financially irresponsible. But now lawmakers have taken the budget gimmickry to a whole new level — no longer even pretending that billions of dollars in additional war spending would go to fight Islamic State militants and the Taliban.
  • Obama budget defeated 98-1 in Senate vote

    03/24/2015 7:36:04 PM PDT · by PROCON · 23 replies
    washingtontimes.com ^ | March 24, 2015 | Stephen Dinan
    President Obama’s budget suffered its latest ignominious defeat when the Senate rejected it on a 98-1 vote Tuesday evening, capping off the first votes of the budget season. Democrats objected, saying the plan wasn’t really Mr. Obama’s, but Republicans said it had all the same numbers as the president’s blueprint, and so the vote counts as a rejection of his fiscal year 2016 plan. “This is the president’s proposed budget,” said Sen. John Cornyn, the Texas Republican who forced the vote by offering the amendment, complete with the tax hikes, spending increases and deficit targets Mr. Obama had projected in...
  • Let the Budget Battles Begin

    03/22/2015 10:09:41 AM PDT · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 03/22/15 | Alan Caruba
    Proposed budget represents a serious effort to enact reforms that are long overdue. These and other measures are needed to encourage economic growth, the heart's blood of the nation The announcement of a new fiscal budget for the U.S. government always sets the stage for struggles between the spenders and those trying to put some limits on the spending. The spenders usually win because politicians—particularly progressive ones—love to tap the national treasury in order to reward their supporters. As the Speaker of the House John Boehner said on the occasion of the March 17 announcement, “For 53 of the last...
  • Proposed GOP budgets make 'no sense’ to Obama

    03/21/2015 4:30:40 PM PDT · by jazusamo · 58 replies
    The Hill ^ | March 21, 2015 | Mark Hensch
    President Obama criticized potential GOP budgets from both Congressional chambers for relying on outdated economic ideas in a new interview released Saturday. Obama said neither House nor Senate Republicans impressed him with budgetary strategies they released earlier this week. The President faulted both versions for ignoring middle-class families. “So it is the classic trickle-down, top-down approach to economics that we know has failed,” Obama said of the two budget proposals in a Friday interview with The Huffington Post . “And the fact that we are putting this forward once again — with tax cuts for the wealthiest, so that the...
  • Hours after budget rollouts, Politico declares GOP impasse, “cataclysmic” consequences

    03/20/2015 7:39:13 AM PDT · by george76 · 4 replies
    hot air ^ | March 19, 2015 | Ed Morrissey
    The Republican-led House passed budget resolutions every year since taking control in the 2010 midterms, while Senate Democrats under Harry Reid refused to pass any at all for four years. After less than 24 hours, though, a Republican “failure” to come up with an agreement between the House and the Senate is not just “cataclysmic” already, but proof that the GOP can’t handle the “basic functions of governing.” Republicans handled it for four years while Democrats failed to perform the basic function of legislating, but somehow that didn’t get seen as “cataclysmic” for them at Politico. Maybe Politico’s analysts could...
  • Boehner plans to sideline House conservatives in budget battle

    03/20/2015 7:07:18 AM PDT · by bestintxas · 19 replies
    am thinker ^ | 3/20/15 | r moran
    Speaker John Boehner has made plans to bypass House conservatives and ram through two items opposed by the right. He will try and pass a budget deal, using a parliamentary manuever to speed passage. He is also planning a vote on the so-called Medicare "doc fix" he negotiated with Nancy Pelosi last week. Politico: If they’re able to clear the two measures, a battered leadership will go into the Easter recess with some pep in its step, as it tries to extend highway funding, begin work on annual appropriations bills and raise the debt ceiling. Not to mention, passing a...
  • Fiscal Conservatives Buck Leadership, Send Tighter Budget to Floor

    03/19/2015 9:42:36 AM PDT · by cotton1706 · 3 replies
    rollcall.com ^ | 3/19/15 | Emma Dumain
    House fiscal conservatives took the upper hand — for the moment — Thursday in their struggle with Republican defense hawks for control of the GOP’s 2016 budget proposal. After 24 hours of uncertainty and stops and starts, the House Budget Committee voted along party lines, 22-13, to send a leaner spending plan to the House floor for a vote. GOP leadership had pressured Budget Chairman Tom Price, R-Ga., all week to find enough votes on his panel to boost the plan’s funding for the Overseas Contingency Operations account. Without that additional defense spending, many House Republicans said they wouldn’t support...
  • Obama criticizes GOP’s budget in Ohio speech

    03/18/2015 2:42:36 PM PDT · by Jim Robinson · 7 replies
    Washington Post ^ | March 18, 2015 | By David Nakamura and Juliet Eilperin
    CLEVELAND — President Obama used this manufacturing hub — and important swing state — as the backdrop to draw a sharp distinction Wednesday with his Republican rivals over the economy, as both sides aim to frame the debate for the coming presidential race. The day after House Republicans unveiled their budget proposal — which would cut more than $5 trillion out of the federal budget over the next decade and balance the budget by cutting domestic programs — the president touted some of the very programs that would come under the GOP axe. Obama dismissed a House plan that “doubles...
  • House hearing on Obama's request to use force against ISIS (vanity)

    03/18/2015 7:57:24 AM PDT · by huldah1776 · 1 replies
    Fox News Online LIve ^ | March 18, 2015 | self
    Live hearing on Defense Budget
  • House Republicans seek ObamaCare repeal, more defense $$ in new budget plan

    03/17/2015 10:06:41 AM PDT · by Jim Robinson · 8 replies
    FOX News ^ | March 17, 2015
    House Republicans, unveiling their first budget blueprint since the party took control of Congress, issued a sweeping spending plan Tuesday that calls for complete repeal of ObamaCare, major changes to Medicare and controversial moves to boost defense spending despite tight budget limits. GOP leaders say their budget would balance in less than 10 years, and in that time cut spending by $5.5 trillion compared with current projections. The spending plan stands little chance of ever being signed by President Obama, but makes clear that the party is not dialing back its ambitions despite a rocky start to the latest congressional...
  • Walker's budget forcing schools to trim further [it's not an "expense" it's an "investment"]

    03/17/2015 12:28:01 AM PDT · by Cincinatus' Wife · 14 replies
    Pioneer Press - Twin Cities ^ | March 16, 2015 | Patrick Leary, Milwaukee Journal-Sentinel
    "......."What I really hope for at the end of all this is that people understand that education is not an expense, it's an investment," MPS Superintendent Darienne Driver said in a telephone interview from Washington, D.C., Monday after she and other education leaders met with President Barack Obama to discuss urban education issues. [Governor Walker's] budget has a far-reaching impact on all school districts. Beyond urban and suburban areas, rural school leaders say the extra aid the governor proposed for their districts is trumped by the loss in per-pupil aid. In general, the governor's budget proposes keeping school revenue flat....
  • Chasm Grows Within G.O.P. Over Spending (The return of borrow and spend?)

    03/16/2015 1:24:01 PM PDT · by NRx · 48 replies
    NY Times ^ | 03-15-2015 | JONATHAN WEISMAN
    WASHINGTON — The congressional push this week to secure the first Republican budget plan in nearly a decade is revealing a chasm between fiscal hawks determined to maintain strict spending caps and defense hawks who are threatening to derail any budget that does not ensure an increase for the military. “This is a war within the Republican Party,” said Senator Lindsey Graham, Republican of South Carolina, who has vowed to oppose a final budget that does not ensure more military spending. “You can shade it any way you want, but this is war.” The divisions will be laid bare Tuesday...
  • Nearly 500 sign letter demanding that Ray Cross oppose Scott Walker's plan to restructure UW

    03/03/2015 2:00:04 AM PST · by Cincinatus' Wife · 8 replies
    The Chippewa Herald ^ | March 2, 2015 | PAT SCHNEIDER
    Five days after an open letter was posted online, the number of people at University of Wisconsin -- now including not only faculty, but staff, students and alumi -- demanding that UW System president Ray Cross oppose Gov. Scott Walker's plan to restructure UW in his budget rose to 484. Some 88 of them were at, or graduated from UW-Madison, where faculty were scheduled Monday to vote on a resolution asking Cross to delay restructuring. Seventy-four University of Wisconsin faculty members from campuses across the state signed an open letter to UW System president Ray Cross, “insisting in the strongest...
  • Scott Walker wants to end funding for renewable energy program - UW-Madison needs to prioritize

    03/02/2015 10:12:34 AM PST · by Cincinatus' Wife · 18 replies
    Milwaukee Journal Sentinel ^ | March 2, 2015 | By Thomas Content and Lee Bergquist
    ......UW officials say that Walker's proposal to end funding for the bioenergy program would cripple broader energy-development research that is receiving $25million annually from the federal Department of Energy."I can't honestly say how we would replace it at this point,"said Michael Corradini,director of the Wisconsin Energy Institute at UW-Madison,which derives 90% of its funding from the bioenergy program...In 2007,Wisconsin landed the Great Lakes Bioenergy Research Center—the first federal research center the state had attracted in decades. The center received an initial five-year,$125 million grant from the U.S. Department of Energy.It was part of a $375 million package by the administration...
  • Let’s Destroy Liberal Academia

    03/02/2015 4:23:04 AM PST · by Kaslin · 17 replies
    Townhall.com ^ | March 2, 2015 | Kurt Schlichter
    It’s time to give current university system the Old Yeller treatment, except normal Americans will giggle when this rabid mongrel gets put down. Sure, the legions of administrative timeservers, otherwise unemployable tenure ticks, and loan-loaded future baristas who infest our colleges will be plenty sad. After all, their free ride will come to an end when we derail their gravy train. And it shall be glorious, for the tears they shed when forced into a world that demands achievement, effort and accountability, will be a powerful tonic for productive citizens like us who have carried these obnoxious parasites for the...
  • Christie and Walker take different paths on union issues

    02/25/2015 11:59:41 PM PST · by Cincinatus' Wife · 10 replies
    The State, South Carolina ^ | February 26, 2015 | Jill Covin and Scott Bauer in Madison,Steve Peoples in Washington, Michael Catalini in Trenton
    "You fight the good fight against Walker and he beats you," said Seth Markgraf, a 34-year-old construction worker from Arlington, Wisconsin. "They beat us in the recall and they beat us in another general election. It's just apathy. How do we beat Scott Walker?" TRENTON, N.J. — New Jersey's Chris Christie and Wisconsin's Scott Walker are getting ready to run for president, but they've still got day jobs as governors — and face another round in the ring with organized labor. For Christie, that means trying to reach a deal to fix New Jersey's underfunded pension system by working with...
  • Congress still has no plan to prevent a shutdown

    02/23/2015 7:38:48 AM PST · by SeekAndFind · 17 replies
    Business Insider ^ | 02/23/2015 | Shahil Kapur
    WASHINGTON — The Republican-led Congress returns to town Monday with no viable plan to avert a shutdown of the Department of Homeland Security less than five days away on Friday. The GOP is caught between wanting to use DHS funding to block to President Barack Obama's executive actions to shield upwards of 4 million people from deportation and give them 3-year work permits, and not wanting to be held responsible for shutting down the department. In a testament to the party's struggles, Senate Majority Leader Mitch McConnell (R-KY) has teed up a procedural vote Monday afternoon on the same bill...
  • Poll: Blame for DHS shutdown would fall to GOP (Will the GOP buckle?

    02/17/2015 4:34:30 PM PST · by Laissez-faire capitalist · 46 replies
    CNN ^ | 2/17/2015 (4:31 PM ET) | Jennifer Angiesta
    Republicans in Congress would shoulder the blame for a shutdown at the Department of Homeland Security if they are unable to enact a new spending bill to keep the agency running, according to a new CNN/ORC poll. The survey finds that 53% of Americans would blame the Republicans in Congress if the department must shut down, while 30% would blame President Barack Obama. Another 13% say both deserve the blame. If a spending bill is not passed by Feb. 28, the agency's funding will run out. ...
  • Boehner on DHS Funding: 'It's Up to Senate Democrats to Get Their Act Together'

    02/15/2015 12:01:55 PM PST · by Carl Vehse · 23 replies
    Fox News ^ | February 15, 2015 | FoxNews Insider
    "The Constitution makes it pretty clear that the House has to do its work and the Senate has to do their's," Boehner said. "The House has acted to fund the department and to stop the president's overreach when it comes to immigration and his executive orders." Wallace pointed out that Republicans, however, don't have the 60 votes to pass the bill through the Senate. Boehner replied that Senate Democrats are blocking the ability to even debate the bill. "The House has acted. We’ve done our job. Senate Democrats are the ones putting us in this precarious position. And it’s up...
  • Bring Back Self-Government [...]That’s Job One for conservatives.

    02/13/2015 5:24:53 AM PST · by huldah1776
    City Journal ^ | 11 February 2015 | Myron Magnet
    A recent Wall Street Journal op-ed does the dual service of outlining the history of the federal budget-making process over the last century, while showing, in its perilous and wrongheaded scheme for reform, just why this yawn-inducing topic is so important—and how the mess Washington has made of the enterprise subverts the key principle of our Constitution’s vision of democratic government.
  • Jindal to leave Louisiana's next governor with budget mess [AP Hit Piece on Bobby]

    02/11/2015 9:55:33 AM PST · by SoFloFreeper · 27 replies
    AP/yahoo ^ | 2/11/15 | Melinda DeSlatte
    Year after year, Louisiana didn't have enough money to cover its expenses, yet Gov. Bobby Jindal refused to roll back income tax cuts or ever-increasing corporate tax breaks. Instead, he raided reserve funds and sold off state property. ...The governor has successfully trimmed some spending by cutting more than 30,000 full-time state employees. He's reduced the state's vehicle fleet, privatized much of the Medicaid program, turned over the state's charity hospitals to outside managers and looked for ways to make state government more efficient. That hasn't closed all the gaps, however, and Jindal's short-term solutions leave a string of debts...
  • Pentagon spent $504,816 on Viagra last year

    02/09/2015 7:59:22 AM PST · by KeyLargo · 45 replies
    FoxNews.com ^ | Feb 9, 2015 | Elizabeth Harrington
    Spending Pentagon spent $504,816 on Viagra last year By Elizabeth Harrington Published February 09, 2015 Washington Free Beacon The Department of Defense (DoD) spent more than a half a million dollars on the male enhancement drug Viagra last year, according to government contracts. The Pentagon issued 60 contracts worth$504,816 for the drug in 2014. All 60 contracts were awarded to Cardinal Health Inc., a pharmaceutical distribution company based in Dublin, Ohio. Last year DoD also ordered $3,505 worth of Levitra, and $14,540 of Cialis, other popular erectile dysfunction drugs. The contracts were filed under "Troop Support."
  • FACT CHECK: What happens if Homeland Security shuts down?

    02/08/2015 3:23:19 PM PST · by Libloather · 49 replies
    AP via MSN ^ | 2/08/15 | ERICA WERNER, ALICIA A. CALDWELL
    WASHINGTON — Spending for the Department of Homeland Security hangs in the balance as Congress fights over immigration matters in the agency's annual funding bill. Without action by Feb. 27, the department's budget will shut off. To hear Democrats and many Republicans tell it, the result would be unacceptable risks to U.S. security at a time of grave threats worldwide. In reality, though, most people will see little change if the department's money flow is halted, and some of the warnings of doom are as exaggerated as they are striking. "There are ghoulish, grim predators out there who would love...
  • The Budget Clash

    02/05/2015 4:32:32 AM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 5, 2015 | Jackie Gingrich Cushman
    This week, President Obama released his budget for fiscal year 2016. It reflected much of what he had laid out in his State of the Union Speech, where he faced the recently elected members of the 114th Congress. Others might have paused first to consider the implications of the mid-term elections in which Republicans won big: They increased their control of the House and regained control of the Senate. But Obama, who had 90 fewer elected Democrats in his audience than has any other Democratic president in the past 90 years (246 of the 435 representatives and 54 of the...
  • Obama's Budget Is Dead on Arrival

    02/04/2015 11:11:53 AM PST · by SeekAndFind · 6 replies
    Townhall ^ | 02/04/2015 | Donald Lambro
    WASHINGTON -- President Obama wants Americans to foot the bill for the first $4 trillion budget in U.S. history, which will drive our country ever more deeply into debt. This isn't all that's at stake in the fiscal 2016 budget he sent Congress on Monday. It calls for major new taxes on our fragile economy that will hurt America's businesses, stunt wage growth and further weaken job creation. Obama made it crystal clear in his first year in office that raising federal spending was at the core of his presidency. And he's kept that promise. In 2009, his first year...
  • Obama’s Big Fat Greek Budget: His debt is Your Children's Future

    02/04/2015 9:14:48 AM PST · by SeekAndFind · 14 replies
    FrontPage Mag ^ | 02/04/2015 | Daniel Greenfield
    In a speech at the Department of Homeland Security, Obama declared that he wants to “replace mindless austerity with smart investments that strengthen America”. Those “smart” investments scattered across a gargantuan $4 trillion budget include a $500 million Green Climate Fund for the Third World and $105 million to help the government build better websites. Obama is fond of putting the word “smart” in front of stupid ideas to make them seem less stupid. The $4 trillion budget is actually as stupid as the new left-wing Greek government elected on a platform of not paying its debts. This new government...
  • Obama, the Very Worst Deficit President

    02/04/2015 4:33:03 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | February 4, 2014 | Brent Bozell
    The press has barely noticed that President Obama has offered a new federal budget. Even in its paucity was a slant to be found. Like an obedient servant, NBC morning anchor Natalie Morales relayed: "President Obama, unveiling a record $4 trillion budget on Monday aimed at helping the poor and middle class. President Obama says the budget is practical, not partisan." David Nakamura of The Washington Post began a story on the Obama budget sounding slightly less servile. He described it as "a bet that the country has moved closer to his way of thinking just three months after an...
  • The top 10 new taxes in Obama's budget

    02/03/2015 8:34:27 AM PST · by SeekAndFind · 10 replies
    American Thinker ^ | 02/03/2015 | Rick Moran
    Politico has a list of the top 10 "biggest and boldest" tax proposals in President Obama's FY 2016 budget, which would raise $1.387 trillion over the next 10 years. Every single dime of that would go to fund new spending schemes by the president.  Zero would be applied to the deficit, which the CBO says will hit a trillion dollars by 2025. Here are a few of them (All amounts raised reflect the total over 10 years.): "BUFFETT TAX": The White House wants millionaires to pay a minimum tax rate of 30 percent. Raises $35 billion.. LIMITING ITEMIZED DEDUCTIONS...
  • 5 Things To Know About Obama's $4 Trillion Budget

    02/03/2015 8:01:39 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | February 2, 2015 | Conn Carroll
    resident Obama unveiled his fiscal year 2016 budget Monday, a proposal that would spend $3.99 trillion while running a $474 billion deficit. The document will serve as a blueprint for White House policy for upcoming fights with Republicans on immigration, health care, infrastructure, and tax reform. Highlights every conservative should know include:1. Higher SpendingObama's budget would increase spending by $74 billion in 2016 compared to current law, and by $322 billion over the next five years. Federal government spending as a percentage of GDP would rise from 20.3 percent in 2014 to 22.2 percent in 2025.The biggest spending increase items in Obama's budget...
  • Obama threatens stopping paychecks to 143,000 Homeland Security employees

    02/03/2015 7:28:23 AM PST · by drypowder · 69 replies
    Daily Mail ^ | Feb. 2, 2015 | David Martosko
    President Barack Obama claimed on Monday that without a comprehensive budget covering the Department of Homeland Security, more than 130,000 mission-critical employees will be forced to work without pay by the end of the month. They include 40,000 employed by Customs and Border Protection, 50,000 Transportation Security Administration screeners, 13,000 Immigration and Customs Enforcement agents and 40,000 Coast Guard personnel. Pay would be restored at the end of any withholding period. 'I know how vital you are, and I want to make sure more Americans know how vital you are,' Obama told an auditorium full of DHS employees Monday the...
  • Obama Budget Embraces Permanent US Decline- Growth of Reagan Era a Quaint Relic, Never to Return

    02/03/2015 3:23:33 AM PST · by Reaganite Republican · 8 replies
    Reaganite Republican ^ | 03 February 2015 | Reaganite Republican
    'a gloomy view of an economy... growing slower...  creating fewer rewards for its workers  than it did in much of the last century' (Reuters) - Beneath President Barack Obama's plan to fight income inequality lies a gloomy view of an economy that is growing slower and creating fewer rewards for its workers than it did in much of the last century. In a budget proposal unveiled on Monday, the White House cut forecasts for an array of economic variables, depicting less growth, weaker inflation and lower interest rates than officials expected only a year ago. This comes despite an unemployment rate...
  • Obama budget calls for largest federal civilian workforce since Cold War

    02/02/2015 10:30:23 PM PST · by Nachum · 15 replies
    washington times ^ | 2/2/15 | Stephen Dinan
    The federal civilian workforce will reach its highest level since the end of the Cold War under the budget President Obama submitted to Congress on Monday, surging by more than 100,000 employees over the next two years as he tries to restock agencies he says have been decimated by GOP-led cuts. All told, Mr. Obama will have added more than 160,000 civilian workers to the executive branch since he took office, putting him on pace to top President George W. Bush for the biggest expansion in modern political history. When civilians at the Department of Defense are discounted, Mr. Obama
  • A Quick Reminder of Obama's Unanimously Rejected Budgets

    02/02/2015 12:59:11 PM PST · by Servant of the Cross · 8 replies
    Townhall.com ^ | 2/2/2015 | Katie Pavlich
    Today President Obama will deliver his whopping $4 trillion budget to Congress. President Barack Obama sent Congress a record $4 trillion budget Monday that would boost taxes on higher-income Americans and corporations, pushing past tight federal spending caps to fund an ambitious public works program and provide middle-class tax relief. Obama's budget, which will set off months of wrangling in Congress, proposes spending $4 trillion — $3.999 trillion before rounding — in the 2016 budget year that begins Oct. 1. That's a 6.4 percent increase over estimated spending this year, projecting that the deficit will decline to $474 billion. POLITICO...
  • Beneath Obama's Budget Proposals Is A Depressing View Of The Future

    02/02/2015 11:44:59 AM PST · by blam · 28 replies
    BI - Reuters ^ | 2-2-2015 | Jason Lange and Howard Schneider, Reuters
    Jason Lange and Howard Schneider, Reuters Feburary 2, 2015WASHINGTON (Reuters) - Beneath President Barack Obama's plan to fight income inequality lies a gloomy view of an economy that is growing slower and creating fewer rewards for its workers than it did in much of the last century. In a budget proposal unveiled on Monday, the White House cut forecasts for an array of economic variables, depicting less growth, weaker inflation and lower interest rates than officials expected only a year ago. This comes despite an unemployment rate that the Obama administration expects to hit the 5.2 percent level considered to...
  • In Budget, Obama’s Unfettered Case for Spreading the Wealth

    02/02/2015 10:16:07 AM PST · by Jim Robinson · 13 replies
    NYT ^ | February 2, 2015 | By JULIE HIRSCHFELD DAVIS
    WASHINGTON — President Obama presented a budget on Monday that is more utopian vision than pragmatic blueprint. It proposes a politically improbable reshaping of the tax code and generous new social spending initiatives that would shift resources from the wealthy to the middle class. Absent from the plan is any pretense of trying to address the main drivers of the long-term debt — Social Security and Medicare — a quest that has long divided both parties and ultimately proved impossible. The document instead indicates that Mr. Obama, after years of being hemmed in on his fiscal priorities because of politics...
  • Obama says he won’t accept budget that doesn’t raise spending

    02/02/2015 9:39:07 AM PST · by jazusamo · 61 replies
    The Washington Times ^ | January 2, 2015 | Stephen Dinan
    President Obama said Monday he will reject any budget from Congress that doesn’t boost spending on both defense and his own domestic priorities, saying the spending “sequesters” need to go. “America can’t afford being short-sighted and I’m not going to allow it,” the president said while speaking at the Homeland Security Department as he released his $4 trillion budget for fiscal 2016. His budget calls for boosting discretionary spending by more than 6 percent, and raising taxes to pay for it. Those proposals have been panned on Capitol Hill, where Republicans control both the House and Senate and have rejected...
  • Obama sends Congress $4T budget replete with new spending, taxes

    02/02/2015 9:06:17 AM PST · by SeekAndFind · 18 replies
    Fox News ^ | 02/02/2015
    President Obama sent Congress an ambitious budget plan Monday that includes a half-trillion-dollar public works program and an array of tax increases meant to fund a host of other agenda items -- in what Republicans are ripping as a tax-and-spend document that does little to restrain the soaring $18 trillion debt. The president's $4 trillion budget hinges on what Obama calls "middle-class economics," seeking tax breaks for many Americans while imposing increases on top earners, corporations and particularly the financial sector. Referring to proposed spending on everything from roads to education initiatives, Obama said, "We can afford to make these...
  • Obama proposes $3.99 trillion budget, sets up battle with Republicans

    02/02/2015 8:26:02 AM PST · by SeekAndFind · 20 replies
    Reuters ^ | 02/02/2015 | JEFF MASON
    President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans. The budget foresees a $474 billion deficit, which is 2.5 percent of U.S. gross domestic product. It projects deficits stabilizing at that rate over a 10-year period, senior administration officials said. Obama's budget fleshes out proposals from his State of the Union address last month and helps highlight Democratic priorities for the last two years of his presidency and the beginning...
  • Obama budget sets up battle with GOP-controlled Congress

    01/31/2015 2:06:12 PM PST · by Kaslin · 28 replies
    AP News via Townhall.com ^ | January 31, 2015
    WASHINGTON (AP) — After a year of relative peace in Washington's budget battles, President Barack Obama will lay out a $4 trillion budget on Monday that needles Republicans with proposals for higher taxes on the wealthy and businesses to pay for education, public works projects and child care. The plan, expected to be dismissed by GOP lawmakers now running Capitol Hill, rolls out as the deficit is dropping and Obama's poll numbers inch higher. Though Republicans will march ahead on their own, they ultimately must come to terms with Obama, whose signature is needed on anything that is going to...
  • Walker praises Ryan for budget deal (2013)

    01/31/2015 8:44:29 PM PST · by ObamahatesPACoal · 55 replies
    weau.com ^ | Dec 15, 2013
    Gov. Scott Walker is praising fellow Wisconsin Republican Paul Ryan for the congressman's role in broking a bipartisan budget bill that's been blasted a by number of conservatives. Walker said on NBC's "Meet the Press" that Ryan provided strong leadership on the bill that passed the House Thursday and awaits Senate action.
  • Obama Wants End to 'Mindless Austerity' in 2016 Spending Plan [He suggested sequester, now opposes]

    01/30/2015 5:04:43 AM PST · by SoFloFreeper · 13 replies
    The statement said the automatic spending cuts, known in Washington as "sequestration," had hurt the U.S. economy and its military. Obama, the White House said, will seek to "fully reverse" cuts in domestic spending while providing equal spending boosts for military and national security programs.
  • Obama: My budget is a 'blueprint for success'

    01/29/2015 6:02:45 PM PST · by PROCON · 23 replies
    washingtonexaminer ^ | Jan. 29, 2015 | Brian Hughes
    President Obama Thursday touted the looming release of his federal budget, urging Republicans to support a slate of tax increases to pay for his economic blueprint for the middle class. “We have to choose what we want that future to look like,” Obama said in an op-ed published by the Huffington Post. “Will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and rising chances for everyone who makes the effort?” The president is calling for a 7 percent spending hike in fiscal 2016,...
  • Here's the painstakingly detailed budget of a couple that earns nearly $15,000 a month [after taxes]

    01/26/2015 2:19:15 PM PST · by grundle · 60 replies
    yahoo.com ^ | January 26, 2015 | Libby Kane
    McManus is a mechanical engineer and his wife Mairee is a surgical physician's assistant, as well as the primary earner. He breaks out his budget by week. In 2014, they brought home an average after-tax household income of $14,735 a month. In the chart below, check out their average monthly spending for 2013, 2014, and predicted for 2015. Note that these are averages, so a single month isn't depicted.
  • Report: Scott Walker to Include Jock Tax in Budget

    01/26/2015 8:07:08 AM PST · by Sideshow Bob · 46 replies
    RightWisconsin.com ^ | January 23, 2015 | RightWisconsin.com
    The Milwaukee Business Journal is reporting that Gov. Scott Walker will include a jock tax in the next budget to help fund a new Milwaukee arena project for the Milwaukee Bucks. Wisconsin Gov. Scott Walker is preparing to propose diverting revenue from taxes on NBA players for public funding of a new arena in downtown Milwaukee, sources close to the situation told the Milwaukee Business Journal. In June 2014 Walker said in an interview with the Milwaukee Business Journal that he was studying the possibility of tapping NBA players' income tax for arena construction funding, a so-called "jock tax." Since...
  • Walker budget to bar drug users from getting food stamps

    01/22/2015 8:52:19 AM PST · by afraidfortherepublic · 47 replies
    Milwaukee Journal Sentinel ^ | 1-22-15 | Jason Stein
    Madison — Setting up a likely legal fight in the federal courts, Gov. Scott Walker is proceeding with his plan to ensure that drug users aren't getting food stamp or jobless benefits. Fulfilling a campaign promise, the Republican governor committed Thursday to putting the proposal in his next budget but provided few new details on how he would pursue a plan that could run afoul of federal rules in programs such as food stamps and unemployment insurance. For the first time, he did commit to offering free treatment and job training for those testing positive for drugs, but he offered...
  • Obama: Federal government not big enough; will increase budget by 7% next year

    01/16/2015 7:00:21 AM PST · by SeekAndFind · 12 replies
    American Thinker ^ | 01/15/2015 | Rick Moran
    President Obama wants to toss the sequestration agreement he made with Republcians in 2011 and is proposing an increase of at least $68 billion in the FY 2016 budget. As imperfect as it is, sequestration has been partly successful in reigning in government spending. It could have worked better if Congress wasn't always carving out exemptions. But there's no doubt that there are tens of billions of dollars that would have been spent without it. With tax receipts at an all time high, rather than applying that money to reducing the deficit, the president - as every Democratic president...
  • Scott Walker, Right Again: His priority is to cut the state budget.

    01/14/2015 6:28:49 AM PST · by SeekAndFind · 8 replies
    National Review ^ | 01/14/2015 | Mario Loyola
    Some conservatives are disappointed by Wisconsin governor Scott Walker’s apparent reluctance to push for right-to-work legislation in his new term. Today the Wall Street Journal joins the chorus, calling it “unfortunate that he’s ducking a chance to make Wisconsin the country’s 25th right-to-work state.” But Walker has made it clear that such legislation is not a priority and that he wants to focus instead on education reform and on cutting Wisconsin’s woefully bloated budget. Walker is right, and it demonstrates yet again that he’s got the right formula for conservative reforms. As Walker explained to me last May, Wisconsin is...
  • Healthcare for Illegals Pushes California’s Budget to $5.8 Billion Over Inflation

    01/11/2015 3:26:20 PM PST · by Libloather · 40 replies
    Breitbart ^ | 1/10/15 | Chriss W. Street
    Over the last 15 years, California racked up three small surpluses, two break-evens and 10 huge deficits. “There’s not a lot of money left in the budget,” said Gov. Jerry Brown regarding the $164.7 billion budget unveiled Friday. “It’s very tight.” The real reason money is tight is Brown and the Democratic legislature increased spending by five percent in a period when inflation is averaging 1.3 percent. California’s proposed spending will jump $5.8 billion more than inflation.