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Keyword: fiscal

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  • Why NASA’s James Webb Space Telescope is such a fiscal black hole

    04/24/2018 10:58:46 AM PDT · by LibWhacker · 45 replies
    The Hill ^ | 4/12/18 | Mark Whittington
    The announcement by NASA that launch of the James Webb Space Telescope is going to be delayed over another year, now May 2020, felt like déjà vu. When the JWST was first proposed in 1997, it was supposed to launch in 2007 and cost half a billion dollars. Now the launch date is 13 years later and the cost is at least $8.8 billion. NASA will have to go back to Congress for more money if the huge space observatory exceeds previous cost caps. In the meantime, NASA is convening an independent review board that will examine the problems that...
  • Q1 2018 Was A Fiscal Disaster For America

    04/02/2018 10:45:33 AM PDT · by SeekAndFind · 21 replies
    Econimica ^ | 04/01/2018 | Chris Hamilton
    In the first quarter of 2018, the financial and investing industry went into overdrive detailing the upside of the 2018 tax cuts and the positive impacts of a "business friendly" executive and congressional branch on business in America. The stock market hit record highs and the Federal Reserve proclaimed such good times as to raise their economic outlook and increase the likelihood for interest rate hikes. From January 1, 2018 through March 28, 2018 (Q1), real GDP likely grew $110 billion (a 2.5% rise on an annualized basis). However, the fly in the ointment...according to the Treasury, from Jan 1,...
  • Democrats show little willingness to fight GOP ahead of spending deadline

    03/13/2018 8:37:24 AM PDT · by C19fan · 12 replies
    Washington Post ^ | March 12, 2018 | Mike DeBonis
    For months, Democrats promised to use their leverage on government spending to protect young immigrants at risk for deportation after President Trump canceled the program. More recently, they have demanded Congress pass universal background checks for gun buyers in the wake of another deadly school shooting. Now, with Congress less than two weeks from a funding deadline, Democrats are showing little willingness to corner Republicans on those issues. Their lack of appetite to provoke another showdown represents a shift after two previous fights resulted in brief government shutdowns and risks alienating the party’s liberal base crucial in midterm elections. But...
  • The Democrats’ fiscal trap (Trump Must Get His Veto Pen Ready)

    01/22/2018 7:33:15 AM PST · by SeekAndFind · 5 replies
    Washington Times ^ | 01/22/2018 | Stephen Moore
    With all the talk about a possible government shutdown due to an impasse on immigration reform, no one seems to be paying attention to a story of even bigger long-term consequence. Congress is preparing a two-year budget that blows past bipartisan spending caps to the tune of $216 billion through 2019. These are the latest stunning tallies from an analysis by Congressional Quarterly. (See chart). That may be a best-case scenario. The budget watchers at Freedom Works estimate that when hurricane disaster relief, funding for the border wall, added Obamacare money for the bankrupt insurance markets, and other last-minute spending...
  • Unhinged, Part 1: The GOP's Fiscal Madness

    01/03/2018 10:19:50 AM PST · by SeekAndFind · 25 replies
    Contra Corner ^ | 01/03/2018 | David Stockman
    The watchword for 2018 is: UNHINGED!That refers to Wall Street, Washington, the Dems and the GOP, and all the far and near corners of the planet which are implicated in their collective follies.The latter begins with the fact that Imperial Washington has become so dysfunctional that the most powerful government on earth can't seem to keep its doors open for more than a few weeks at a time.The next continuing resolution (CR) deadline is January 19 and the route thereto resembles nothing less than kick-the-can-alley. It's strewn with $100 billion of unfunded disaster aid, defense and nondefense sequester caps...
  • Michael Medved Covers Trump's Budget Proposal

    05/25/2017 7:33:51 AM PDT · by SeanG200 · 16 replies
    YouTube ^ | May 24, 2017 | Michael Medved
    I like Medved's take because he (unlike many other commentators) takes calls which are negative to his view. A good short article on Trump's budget is over at POWERLINE talking about the projected GDP (http://tinyurl.com/ltjnux5). The WASHINGTON TIMES notes that this budget is shocking! (http://tinyurl.com/mfd3yfq). To which I say.... Shock Away!
  • Judges orders trial for Argentina ex-president (Cristina Kirchner - charged w/fiscal mismanagement)

    03/23/2017 10:19:46 AM PDT · by NormsRevenge · 10 replies
    AFP on Yahoo! ^ | 3/23/17 | AFP
    Buenos Aires (AFP) - A judge on Thursday ordered Argentina's former president Cristina Kirchner to stand trial on charges of financial mismanagement. It is the first of several cases against the combative 64-year-old leftist leader to go to trial. A string of cases targeting Kirchner and her rival, current President Mauricio Macri, are clouding Argentine politics ahead of mid-term elections later this year. Kirchner is accused of ordering the central bank to sell dollar futures at artificially low prices, causing Argentina to lose hundreds of millions. She denies wrongdoing. Kirchner's defenders say she should not be prosecuted for a mishandled...
  • Trump And The Republican Drama Obscures The Real Crisis

    05/10/2016 3:26:02 AM PDT · by Biggirl · 10 replies
    Frontpagemag.com ^ | May 10,2016 | Bruce Thornton
    The Republican caterwauling over Donald Trump reminds me of the lyric from “That’s Entertainment”: “There’s no ordeal/like the end of Camille.” Jeb Bush, Lyndsey Graham, and Mitt Romney have announced that they will snub the GOP convention. GOP big donors are closing their wallets. Some pundits and politicians are contemplating a third-party candidate to prove the purity of their conservative principles, even if it means Hillary Clinton will end up appointing 2-3 Supreme Court Justices. The litany of Trump’s sins is recited over and over, with the implication that such a vulgar blowhard is an unprecedented blot on American history.
  • Hungary central bank stockpiles 200,000 rounds of live ammunition, 112 handguns

    02/22/2016 2:14:54 PM PST · by Lorianne · 19 replies
    Economic Collapse News ^ | 18 February 2016 | Andrew Moran
    Forget accumulating gold, printing money or buying mortgage-backed securities. One central bank is acquiring live ammunition and handguns instead in order to boost its security force. According to a government website for public procurements (via Bloomberg News), the National Bank of Hungry purchased 200,000 rounds of live ammunition and 112 handguns for its security company. In a letter to lawmakers, central bank Governor Gyorgy Matolcsy cited international security risks, like migration and terrorism, as reasons for the latest round of purchases. This comes as the central bank faced staunch criticism for spending money on real estate and fine art, including...
  • Humiliation for Cameron and Osborne as (Lord) peers DEFEAT plan to slash tax credits for 3 [tr]

    10/26/2015 1:25:49 PM PDT · by C19fan · 2 replies
    UK Daily Mail ^ | October 26, 2015 | Tom McTague and Daniel Martin
    George Osborne was left reeling tonight after peers dramatically threw out the government's planned tax credits cuts - overturning the views of elected MPs. The House of Lords voted 289 to 272 delay the changes for three years until measures could be introduced to protect poor families. The tax credit cuts are central to the Government's plan to eliminate the deficit by 2020 - saving £4.4billion from the welfare bill. Downing Street said the UK was in 'unchartered waters' after the vote, which goes against centuries of tradition that the House of Commons decides financial matters.
  • Washington is ready to spend

    05/26/2015 6:09:31 AM PDT · by C19fan · 9 replies
    The Hill ^ | May 26, 2015 | Rebecca Shabad
    Washington wants to spend more. Just four years ago, the nation's rapidly expanding debt was seen as Washington's number one crisis. When House Republicans took the majority in 2011, they made it their overarching mission to rein in spending. Together with the White House, they agreed to limit spending for the next decade by the use of budget caps. Now those spending ceilings are unpopular with members of both parties.
  • Republicans try end-run around spending caps

    03/17/2015 7:30:52 AM PDT · by C19fan · 13 replies
    Politico ^ | March 17, 2015 | David Rogers
    The great Achilles heel in the House Republican budget Tuesday can be found in a blue-and-white chart, tucked away on page 40 and mapping out a 10-year path for the annual appropriations bills that keep the government operating. On the surface, it appears to keep faith with the spirit of the discretionary spending caps under the 2011 Budget Control Act, a major priority for many fiscal conservatives. But to get the votes of party hawks, the budget makes a sweeping end-run around the caps by declaring an additional $94 billion as emergency spending for the war against terrorism.
  • NJ faces another credit rating slash: S&P (Nail in Christie's Coffin)

    06/03/2014 5:52:42 AM PDT · by C19fan · 6 replies
    Reuters ^ | June 2, 2014 | Staff
    New Jersey could be downgraded again because of its growing budgetary imbalance and underfunded public pension, Standard & Poor's Ratings Services warned on Monday. S&P had already cut the state's rating to 'A+' in April. Wall Street's two other main credit rating agencies soon followed in slicing the state to a single-A rating. That put New Jersey among the three lowest-rated states, along with California and Illinois.
  • Shocker: Federal government’s fiscal deterioration almost 5 times official deficit

    03/06/2014 7:29:14 AM PST · by SeekAndFind · 11 replies
    Hotair ^ | 03/06/2014 | Dustin Siggins
    In Fiscal Year 2013, the official federal deficit was $680 billion. Liberals have cheered this drop while subsequently ignoring how this deficit is both larger than all of Bush’s pre-recession deficits and is expected to grow dramatically over the next several decades.However, the Treasury Department’s annual report on the finances of the U.S. federal government shows that not only is $680 billion an incomplete measure of the federal government’s finances, it’s off by nearly a factor of five.From Just Facts Daily: The U.S. Treasury has just released its annual “Financial Report of the United States Government,” which provides an account...
  • A Note to ‘Fiscal Conservatives’: If you want smaller gov't, the religious right is your ally

    03/04/2014 8:10:10 AM PST · by SeekAndFind · 102 replies
    National Review ^ | 03/04/2014 | Dennis Prager
    If there were as many “fiscal conservatives” as there are people who claim to be, it is hard to see how Republicans would lose as many elections as they do. One frequently hears this political self-identification: “I’m socially liberal, but fiscally conservative.” Or: “If the Republicans weren’t conservative on so many social issues, I would vote Republican.” Or: “It’s too bad the Christian Right dominates the Republican party. I would vote for the Republicans on fiscal issues, but I can’t stand the religious Right.” The same sentiment holds among many inside the Republican party. Most secular conservatives and the libertarian...
  • Test Your Knowledge of Basic Economics...

    12/05/2013 9:01:24 AM PST · by Reaganite Republican · 9 replies
    Reaganite Republican ^ | 05 December 2013 | Reaganite Republican
  • [VANITY] House to vote on Senate plan??

    10/16/2013 8:36:23 AM PDT · by ShadowAce · 23 replies
    self | 16 October 2013 | self
    OK, please educate me here-- How can this even be happening, constitutionally, when all fiscal bills MUST ORIGINATE in the House?
  • Dumb and Dumber Tax Hikes

    06/16/2013 3:44:16 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | June 16, 2013 | Mike Shedlock
    One of the dumbest things a country can do in a recession is raise taxes. Yet, after pronouncing the end of austerity, Italy's "grand coalition" government, led by Enrico Letta, is going to hike the VAT. Why? It seems they need to hike the VAT to pay for a decrease in property taxes. Recall that Silvio Berlusconi was only willing to take part in Letta's grand coalition on condition property tax hikes were rolled back. Letta agreed to do that, but now Letta says Italy needs revenue hikes to make up for it. Grand Coalition Splintering Curiously, the International Business...
  • Was Jesus a Fiscal Conservative?

    03/21/2013 9:54:51 AM PDT · by ComtedeMaistre · 32 replies
    A few honest left-wing Christians will admit that Jesus was conservative on issues like abortion and gay rights (he would oppose them). But they argue that Jesus would have supported their socialist economic agendas. But they fail to realize that Jesus was a small businessman for most of his adult life - he ran a carpentry business. Jesus was a businessman for a longer time than he was a preacher. His parable in Matthew 25:14-30 promoted responsible investment. Two workers were given 5 and 2 talents respectively by their master, and they doubled their master's money, and won their master's...
  • Fiscal and Social Conservatives: Both are needed to fight cultural/fiscal liberalism, which are one.

    01/22/2013 7:23:54 AM PST · by SeekAndFind · 44 replies
    National Review ^ | 01/22/2013 | Dennis Prager
    For some years now, we have been told about a major division within American conservatism: fiscal conservatives vs. social conservatives. This division is hurting conservatism and hurting America, because the survival of American values depends on both fiscal and social conservatism. Furthermore, the division is logically and morally untenable. A conservative conserves all American values, not just economic ones. By social conservatism I am referring to the second and third components of what I call the American Trinity — Liberty, In God We Trust, and E Pluribus Unum. It is worth noting that a similar bifurcation does not exist on...