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57%  
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Keyword: spending

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  • A million dollars a minute

    02/18/2018 11:26:07 AM PST · by Tolerance Sucks Rocks · 3 replies
    The Washington Times ^ | February 14, 2018 | Andrew P. Napolitano
    Imagine you open the faucet of your kitchen sink expecting water and instead out comes cash. Now imagine that it comes out at the rate of $1 million a minute. You call your plumber, who thinks you’re crazy. To get you off the phone, he opines that it is your sink and therefore must be your money. So you spend it wildly. Then you realize that the money wasn’t yours and you owe it back. Now imagine that this happens every minute of every day for the next three years. At the end of the three years, you owe back...
  • Leaders unsure of infrastructure impact on Valley

    02/15/2018 10:08:30 PM PST · by Tolerance Sucks Rocks · 4 replies
    The Waynesboro News Virginian ^ | February 12, 2018 | Bob Stuart
    WAYNESBORO — President Trump's national infrastructure plan announced Monday that calls for a $1.5 trillion investment in roads, bridges and the rest of America's crumbling infrastructure, provides for about $200 billion in federal funds. The remainder of dollars would have to come from state, local and private sources. For the Shenandoah Valley, the good infrastructure plan news includes funding to help with the maintenance backlog in the national parks, including Shenandoah National Park, where there is a $56 million maintenance backlog. However, a couple of local government officials and one of Virginia's U.S. senators interviewed expressed doubt about the trickle...
  • Trump budget would cut roads fund that would pay for I-81 in Syracuse, Schumer says

    02/15/2018 1:07:18 AM PST · by Tolerance Sucks Rocks · 29 replies
    The Syracuse Post-Standard ^ | February 13, 2018 | Mark Weiner
    WASHINGTON -- President Donald Trump's $4.4 trillion budget plan would slash funding for interstate highways, jeopardizing New York's plan to transform a stretch of Interstate 81 in Syracuse in the next decade, U.S. Sen. Charles Schumer said Tuesday. The plan unveiled Monday by the White House would cut the federal Highway Trust Fund by $122 billion over 10 years, drying up the main source of federal aid to the states for road projects and mass transit. Schumer said such a deep cut would make it more difficult for New York state to compete for federal money to demolish the elevated...
  • Construction begins on truck toll gantries (Rhode Island)

    02/14/2018 7:48:03 PM PST · by Tolerance Sucks Rocks · 27 replies
    ABC 6 News ^ | February 12, 2018 | Rebecca Turco
    PROVIDENCE, R.I. — Construction has begun on Rhode Island's new tractor trailer tolling system.The Rhode Island Department of Transportation (RIDOT) crews began installing the first two of 14 planned gantry locations by Exits 2 and 5 on Interstate 95.Lane closures are in effect through next week, then the contractor will test the new system for about a month. These gantries are expected to begin charging trucks by mid-March, once everything is working properly.The ongoing construction is not halting the plans of the Rhode Island Trucking Association (RITA) to sue the state. "It's discriminatory," said RITA President Chris Maxwell. You can't...
  • Trump releases 2019 budget with $3 trillion in cuts

    02/12/2018 12:21:49 PM PST · by Innovative · 100 replies
    The Hill ^ | Feb. 12, 2018 | Naomi Jagoda
    President Trump on Monday rolled out a White House budget that includes deep cuts to some federal agencies, an increase in funding for the Pentagon and $18 billion for a wall on the Mexican border. It includes proposals to cut deficits by more than $3 trillion over a decade and lower debt levels as a percentage of the gross domestic product, but does not balance by doing away with annual deficits.
  • The Crash (National debt is speeding out of control with no working brakes and no one at the wheel)

    02/12/2018 10:17:56 AM PST · by SeekAndFind · 37 replies
    National Review ^ | 02/12/2018 | Kevin Williamson
    I am not much one for rubbernecking at car crashes. (I’m not setting you up for a Congress joke, here. That comes later.) Most of the time they are scary but ultimately insignificant episodes involving a little property damage and a great deal of inconvenience. Sometimes they are much worse, and I couldn’t help looking at the car blazing in the middle of the freeway in the middle of the day, looking more like it had been bombed or hit with a rocket than like it had been involved in an accident. Thick black smoke covered both sides of the...
  • The Tea Party Is Dead. Long Live the Tea Party

    02/11/2018 9:02:10 PM PST · by SeekAndFind · 19 replies
    PJ Media ^ | 02/11/2018 | Rick Moran
    Conservatives in Congress and in the hinterlands are bitterly complaining about the massive insult to fiscal sanity the budget deal passed on Thursday morning represents. Even worse, some Republicans are offended by the pushback. Their target is Senator Rand Paul who, almost alone, tried to stand in the way of the budget deal in the Senate. GOP political analyst Susan Del Percio said on MSNBC that it was the day "the tea party died." DEL PERCIO: And it’s amazing we’re not even coming close to talking about entitlement reform, so I kind of look at today as the day the...
  • White House to unveil $1.5 trillion infrastructure plan

    02/11/2018 8:37:41 PM PST · by Innovative · 69 replies
    The Hill ^ | Feb. 11, 2018 | Mallory Shelbourne -
    The White House on Monday will unveil its long-awaited $1.5 trillion infrastructure package aimed at overhauling U.S. public works. The plan is structured around four goals: generate $1.5 trillion for an infrastructure proposal, streamline the permitting process down to two years, invest in rural infrastructure projects and advance workforce training. The current system is fundamentally broken and it’s broken in two different ways,” a senior administration official told reporters in a Saturday phone call. “We are underinvesting in our infrastructure, and we have a permitting process that takes so long that even when funds are adequate, it can take a...
  • The Senate Budget Deal Proves Republicans Love Government Spending

    02/09/2018 8:37:06 AM PST · by SeekAndFind · 35 replies
    Reason ^ | 02/09/2018 | Veronique de Rugby
    Warning: This post contains numbers that may upset anyone who dreams of a smaller government. With the Senate budget deal announced yesterday, congressional Republicans have proved that they aren't merely big spenders: They bear primary responsibility for Washington's complete lack of fiscal responsibility. At the same time, they have reaffirmed the fact that bipartisanship means a determination to spend us into oblivion. The bipartisan budget deal that the senators proclaimed so proudly yesterday would add $300 billion over two years to discretionary spending, not counting emergency funds and other add-ons. It would yet again burst the budget caps that Republicans...
  • What fueled the budget deal? Cold, hard cash

    02/09/2018 7:03:57 AM PST · by Oldeconomybuyer · 11 replies
    NBC "News" ^ | February 9, 2018 | by JONATHAN ALLEN
    WASHINGTON — Just add cash. That was the ingredient Republican and Democratic leaders on Capitol Hill needed to strike and pass a long-term budget deal after months of bitter fighting across and within party lines about how to spend funds that had been limited by budget caps. An $89 billion injection "changes a lot of votes," explained North Carolina Rep. Mark Meadows, the chairman of Republicans' arch-conservative Freedom Caucus and an opponent of the bill, hours before it passed. And that figure, an important factor in securing the support of lawmakers from the Republican-heavy states of Texas and Florida, only...
  • The Constitutional Amendment That Would Rein in Spending

    02/08/2018 5:37:54 PM PST · by Tolerance Sucks Rocks · 21 replies
    The Daily Signal ^ | February 7, 2018 | Walter E. Williams
    Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That’s a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what we produced in 2017—our gross domestic product—totaled about $19 trillion. If the Congress spent $4 trillion of the $19 trillion that we produced, unless you believe in Santa Claus, you know that Congress must force us to spend $4 trillion less privately. Taxing us is one way that Congress...
  • A GOP House, a GOP Senate, and a GOP President cannot cut a penny in spending

    02/08/2018 10:05:53 AM PST · by SeekAndFind · 38 replies
    American Thinker ^ | 02/08/2018 | Ed Straker
    The budget agreement reached by the Republican House and Republican Senate would increase spending over $500 billion over the next two years. It does not appear to cut a penny from domestic spending; in fact, along with military increases, it increases domestic spending by hundreds of billions of dollars. Basically, what happened is that the Democrats held military spending hostage so that they not only protected all their favorite spending programs but got huge increases for them. According to outlines of the budget plan circulated by congressional aides, existing spending caps would be raised by a combined $296 billion through...
  • Right revolts on budget deal

    02/08/2018 5:03:50 AM PST · by Eric Pode of Croydon · 37 replies
    The Hill ^ | 7 FEb 2018 | Scott Wong and Melanie Zanona
    House conservatives on Wednesday revolted against a massive bipartisan deal to raise the debt ceiling and bust spending caps, complaining that the GOP could no longer lay claim to being the party of fiscal responsibility. “I’m not only a ‘no.’ I’m a ‘hell no,’ ” quipped Rep. Mo Brooks (R-Ala.), one of many members of the Tea Party-aligned Freedom Caucus who left a closed-door meeting of Republicans saying they would vote against the deal. It’s a “Christmas tree on steroids,” lamented one of the Freedom Caucus leaders, Rep. Dave Brat (R-Va.). “This spending proposal is disgusting and reckless — the...
  • Turf war in govt over highway funds (India)

    02/07/2018 10:09:37 AM PST · by Tolerance Sucks Rocks · 3 replies
    The Times of India ^ | February 6, 2018 | Dipak K Dash | TNN
    NEW DELHI: A turf battle for national highways has erupted with the department of economic affairs (DEA) seeking to take control of the funding for the highway construction programme. After unsuccessfully pushing for corporatisation of the National Highways Authority of India (NHAI), the DEA has proposed changes in the Central Road Fund (CRF) Act to take control of the allotment of fuel cess for infrastructure projects and to decide the priority of expenditure. So far, the road transport and highways ministry is entitled to get the largest share of the CRF, estimated at 41%. The proposal to use 2.5% of...
  • Senate leaders see two-year budget deal within their grasp [No more spending caps]

    02/07/2018 7:07:52 AM PST · by C19fan · 9 replies
    Washington Post ^ | February 6, 2018 | Mike DeBonis and Erica Werner
    Top Senate leaders were working Tuesday to finalize a sweeping long-term budget deal that would include a defense spending boost President Trump has long demanded alongside an increase in domestic programs championed by Democrats. As negotiations for the long-term deal continued, the House passed a short-term measure that would fund the government past a midnight Thursday deadline and avert a second partial shutdown in less than a month.
  • Let's Limit Spending: Why a Balanced Budget Amendment is not the key to our Big Government problems.

    02/06/2018 8:32:56 AM PST · by SeekAndFind · 16 replies
    Frontpage Mag ^ | 02/06/2018 | Walter Williams
    Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That's a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what we produced in 2017 — our gross domestic product — totaled about $19 trillion. If the Congress spent $4 trillion of the $19 trillion that we produced, unless you believe in Santa Claus, you know that Congress must force us to spend $4 trillion less privately. Taxing us is...
  • Major Pentagon agency failed to account for more than $800 million

    02/05/2018 4:45:29 PM PST · by BruceS · 15 replies
    Fox News ^ | 2/5/2018 | Samuel Chamberlain
    One of the Defense Department's largest agencies confirmed Monday that it could not account for more than $800 million that had been earmarked for various construction projects.... The results of the audit for the 2016 fiscal year were first reported by Politico. The firm Ernst & Young found that the DLA had erroneously accounted for $465 million worth of projects it financed for the Army Corps of Engineers and other agencies. The audit found that the DLA had little or no documentation for another $384 million in spending projects....
  • Republican congressman says feds should nearly DOUBLE gasoline tax

    02/02/2018 1:12:19 AM PST · by Tolerance Sucks Rocks · 67 replies
    The Daily Mail ^ | February 1, 2018 | David Martosko
    A Republican congressman says the U.S. government should significantly raise the gas tax in order to fund President Donald Trump's ambitious infrastructure plan. Rep. Bill Shuster of Pennsylvania told Bloomberg TV that the tax should be increased by 15 cents per gallon of gasoline. The current rate is 18.4 cents, and hasn't seen a hike since 1993. Shuster said Thursday at a Republican congressional retreat in West Virginia that for the average American, a 15-cent increase would equal the cost of 'a cup of coffee a week that they might have to forgo.' 'Or if you're a Starbucks person, half...
  • Feds Spent $9 on Defense for Every $1 on Healthcare 50 Years Ago

    01/26/2018 6:33:32 AM PST · by SeekAndFind · 14 replies
    TAS ^ | 01/26/2018 | HUNT LAWRENCE AND DANIEL J. FLYNN
    Anyone over the age of 30 has lived through a rather profound shift in federal priorities. A half-century ago, defense accounted for 45 percent of federal outlays at $405 billion. Medicare and health, combining for $45 billion, constituted five percent of the budget. Granted, the budget disparity occurred at the peak of the Vietnam War. But a review of federal budgets during non-war postwar years generally shows defense dwarfing health-related expenses. The entity eating up the largest portion of the federal budget remains the well-fed Department of Health and Human Services, which devours roughly $1.1 trillion. Social Security ($1 trillion),...
  • Governor Brown criticizes President Trump for climate change position as California burns

    01/26/2018 6:27:44 AM PST · by EagleUSA · 35 replies
    CBS News ^ | 1/26/2018 | Hidden Author
    California is reeling from its most destructive wildfire season ever, exacerbated Governor Jerry Brown says, by the effects of climate change. Brown says the fires show President Trump is making a mistake by ignoring the facts of global warming. Governor Brown speaks to Bill Whitaker for a report to be broadcast on 60 Minutes, Sunday, Dec. 10, at 7:00 p.m., ET/PT. Brown told Whitaker that President Trump is wrong to withdraw the U.S. from the Paris climate agreement and misguided for calling it a bad deal for America. "That's a preposterous idea, not even a shred of truth in that...