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Keyword: spending

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  • Obama's Plan: Taxes, Spending And Debt

    04/18/2014 6:17:27 AM PDT · by SeekAndFind · 3 replies
    IBD ^ | 04/18/2014
    Remember President Obama's vow that, if re-elected, he'd pursue "balanced" deficit reduction? Either he forgot, or he hopes voters have, because a new report shows his latest budget is entirely unbalanced. When Obama released his budget this March, he said it included "smart spending cuts" and closed "tax loopholes" that benefit only "the wealthiest Americans." Obama added that his budget would put "our debt on a downward path as a share of our total economy, which independent experts have set as a critical target for fiscal responsibility." As with just about everything Obama says, none of these claims turns out...
  • 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...
  • Obama, Biden to announce millions for job training

    04/16/2014 1:21:18 PM PDT · by Jim Robinson · 44 replies
    CNN ^ | April 16, 2014 | CNN White House Producer Kevin Liptak
    (CNN) Ė Hoping to help close the gap between workers' skills and the needs of businesses, President Barack Obama on Wednesday will announce he's putting hundreds of millions toward job training programs that produce highly skilled workers. Obama and Vice President Joe Biden will head to a community college in Allegheny County, Pennsylvania to make the announcement. The funding will come in two parts: $500 million toward a new job training competition that pairs community colleges with businesses, and $100 million for new apprenticeship programs to train workers. The White House says the new initiatives are meant to combat a...
  • Ambulance rides a costly chunk of Minnesota's Medicare payments

    04/15/2014 3:59:20 PM PDT · by TurboZamboni · 8 replies
    Pioneer Press ^ | 4-15-14 | Chrissy Snowbeck
    The federal Medicare health insurance program winds up paying the fare for many of the ambulance rides provided by the city of St. Paul. That's why the city in 2012 was one of the largest single recipients of Medicare payments among non-hospital health care providers in the state, according to data released this month by the federal government. Out of more than 19,000 health care providers during 2012 who cared for Medicare patients in Minnesota, the city's take of more than $2 million was the ninth largest individual sum. Whether they were providing ambulance rides or treating illnesses, the state's...
  • A-Z Index of U.S. Government Departments and Agencies

    04/13/2014 9:24:41 AM PDT · by mdittmar · 29 replies
    USA.gov ^ | 4/13/14 | USA.gov
    A-Z Index of U.S. Government Departments and AgenciesHouse Minority Leader Nancy Pelosi says Republican-led efforts to rein in government spending are pointless because there is nothing left to cut in the almost $4 trillion-a-year federal budget.ďThe cupboard is bare. Thereís no more cuts to make. Itís really important that people understand that,Ē Mrs. Pelosi, California Democrat, said in an interview broadcast Sunday on CNNís ďState of the Union.ĒSeptember 22, 2013
  • Fun Number; Apple Has Twice As Much Cash As The US Government

    04/13/2014 8:19:56 AM PDT · by RightGeek · 18 replies
    Forbes ^ | 4/13/2014 | Tim Worstall
    And, for good measure, Microsoft has more cash at hand that Uncle Sam does. [snip] Itís a very fun number, to be sure, but itís not quite right for a number of economic reasons. Itís true that when you look at the balance sheets then Apple, say, has $160 billion in cash available, that Microsoft MSFT has a little under $85 billion and the Treasury only has $49 billion to hand to keep the government working. But itís not really true for a couple of reasons that weíll get to. [snip] The first and most obvious being that the government...
  • There is No Renaissance in Public Transit Use

    04/09/2014 6:39:06 PM PDT · by TurboZamboni · 21 replies
    MinnPost ^ | 4-9-14 | Katherine Kersten
    Are we seeing a renaissance in public transit use by Americans? The answer is yes, if you believe a new report from the American Public Transportation Association (APTA), the transit industry's lobby group. In fact, APTA's report is a textbook example of how deceiving statistics can be. The report states that in 2013, the number of transit trips was nearly 10.7 billion nationally--the highest since 1956, according to APTA. Michael Melaniphy, APTA's CEO, hailed what he called "a fundamental shift" in how Americans choose to get around. But even strong supporters of public transit like Michael Manville, David King and...
  • New building shows what legislators truly value: Themselves

    04/09/2014 4:44:45 AM PDT · by TurboZamboni · 8 replies
    Pioneer Press ^ | 4-9-14 | Joe Soucheray
    DFLers, who generally frown on grandeur as part of their ideology, are going to build themselves a marvelous new office building. They have been deaf to the idea that it is wasteful and that there are countless ways to accommodate the few of them who are going to be displaced by renovation work on the Capitol. To save a few bucks -- cutting it from $94 million to $77 million -- they claim they are going to eliminate an adjoining parking ramp. But that was to have been principally for the public anyway, and the public has been ignored in...
  • Obama administration spending $400,000 on camel sculpture in Pakistan

    04/04/2014 11:57:32 AM PDT · by Impala64ssa · 16 replies
    Daily Caller ^ | 11:43 AM 03/31/2014 | Alex Pappas
    The Obama administration wants to spend $400,000 on a camel sculpture for a new embassy building in Pakistan, according to a report Monday. BuzzFeed broke the news that the State Department has plans to commission the camel sculpture from John Baldessari, an American artist. The art is called, ďCamel Contemplating Needle.Ē According to a government document posted by BuzzFeed, the sculpture is a ďlarge 500lb fiberglass aluminum, stainless steel, acrylic and painted contemporary art piece.Ē ďPublic art which will be presented in the new embassy should reflect the values of a predominately Islamist country,Ē the document states. While the United...
  • Paul Ryan's Budget Exposes Democrats' Bankruptcy Of Ideas

    04/02/2014 7:15:14 AM PDT · by SeekAndFind · 19 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...
  • The Obama Debt Tracker - Obama doubles America's publicly held debt in just 5.2 years

    04/01/2014 3:22:05 PM PDT · by jpl · 20 replies
    The United States Department of the Treasury ^ | Monday, April 1, 2014 | The United States Department of the Treasury
    I wish that this were just another bad April Fools' Day joke, but sadly, this story is all too real. Since President Barack Hussein Obama was inaugurated into office a little over five years ago, Obama, Pelosi, and Reid have doubled America's publicly held debt, an increase of more than 6.3 trillion dollars: Date † † † † † † † † † Debt Held by the Public † † † † Intragovernmental Holdings † Total Public Debt Outstanding 03/31/2014† † † † 6,307,310,739,681.66† † † † † 4,319,566,309,231.42† † † † † 10,626,877,048,913.08 8/19/2011† † † † † 12,619,319,113,193.99†...
  • 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...
  • Obamacare: Taxpayers in the Hole for $1.5 Trillion

    03/27/2014 10:18:04 AM PDT · by Star Traveler · 18 replies
    The Fiscal Times ^ | Thursday, March 27, 2014 | Edward Morrissey
    ďWhat the hell is this, a joke?Ē Speaker of the House John Boehner said in reaction to news this week that yet another ďdeadlineĒ in the Affordable Care Act had been unilaterally delayed by the Obama administration. Unfortunately, the answer to that question is yes, and itís becoming increasingly clear that the joke is on the American taxpayer. Late Tuesday, the Department of Health and Human Services Ė which has taken to bragging about ďenrollmentĒ numbers that fall millions short of their original goals Ė announced that the March 31st deadline for open enrollment had become more of a guideline....
  • Postal service employees use travel cards to gamble, pay bills and go bowling

    03/27/2014 7:19:34 AM PDT · by Cheerio · 20 replies
    Washington Examiner ^ | MARCH 27, 2014 | Michal Conger
    Postal employees have spent thousands of taxpayer dollars on gambling, bills and other personal expenses, according to a series of reports by the U.S. Postal Service inspector general. Federal employees may use government credit cards for official travel expenses, but some used theirs to withdraw cash before hitting casinos. Nearly a dozen reports on closed travel card theft investigations were obtained by the Washington Examiner in response to a Freedom of Information Act request.
  • Obamaís CFPB records Ďbad behaviorí by debt collectors without investigating complaints

    03/25/2014 4:08:50 AM PDT · by mgist · 3 replies
    Daily Caller ^ | 3/20/14 | Howley
    Obamaís Consumer Financial Protection Bureau records Ďbad behaviorí by debt collectors without investigating complaints The Obama administrationís Consumer Financial Protection Bureau (CFPB) uses subjective criteria for analyzing complaints against debt collectors that ties collectors to ďbad behaviorĒ ó without actually investigating for realmisconduct, according to a leading trade group. CFPB, an agency created by the Obama administration with the guidance of now-Senator Elizabeth Warren, presented an annual report Thursday that ďseeks to justify the CFPBís existenceĒ but leaves errors unaccounted for, according to ACA International, the countryís largest third-person debt collection industry trade group. CFPB, which prevented Republican Rep. Sean...
  • Unions, Left-Leaning Groups Dominate List of Largest Political Donors

    03/24/2014 6:16:37 AM PDT · by MichCapCon · 4 replies
    Capitol Confidential ^ | 3/19/2014 | Tom Gantert
    Democrats and many in the media routinely complain about money spent in politics, and they regularly lash out at conservatives and big business. Turns out, unions are the top spenders in politics. Twelve of the top 20 political donors from 1989 to 2014 have been unions, which overwhelmingly support Democratic causes, according to an analysis done by OpenSecrets.org's Center for Responsive Politics. Seven of the top 10 donors overall give almost exclusively to politicians or groups on the left. ActBlue, a political action committee that raises money for Democrats and progressive causes and features Michigan Democratic gubernatorial candidate Mark Schauer...
  • Even if it came to this Obama still wouldn't see we have a spending problem...

    03/20/2014 3:57:29 PM PDT · by The Looking Spoon · 4 replies
    The Looking Spoon ^ | 3-20-14 | The Looking Spoon
    I was a fan of 30 Rock, even though it totally had a liberal bent to it I was impressed that they did make an effort to mock both sides and be funny about it.
  • HHS set to blow $1 TRILLION in 2015 as health-care costs grow by leaps and bounds

    03/19/2014 2:47:55 PM PDT · by PapaNew · 17 replies
    The Daily Caller ^ | 3/12/2014 | Katie McHugh
    The Department of Health and Human Services is expected to spend over one trillion dollars in 2015 ó but HHS Secretary Kathleen Sebelius has never once testified before the Senateís Budget Committee on either Obamacareís costs or the presidentís budget at large. ďThe Department of Health and Human Services is projected to spend over $1 trillion in FY2015 under the presidentís budget, and health care costs ó which today comprise nearly 30 percent of all federal spending ó are growing more rapidly than other areas of the budget, especially over the long-term. It would be good for members of the...
  • White House announces new climate change data website

    03/19/2014 6:39:09 AM PDT · by Innovative · 16 replies
    LA Times ^ | March 19, 2014 | Neela Banerjee
    As part of its campaign to step up efforts to address climate change, the White House on Wednesday announced the creation of a new website to serve as a one-stop location for the enormous amount of climate data housed at different federal agencies. In the administrationís most high-profile effort, the Environmental Protection Agency in September proposed rules to cut greenhouse gas emissions from new power plants. The president also plans to ask Congress for $1 billion in his 2015 budget to establish a ďclimate resiliency fundĒ that would finance research, preparation and infrastructure to adapt to extreme weather driven by...
  • Good News! ...Sort Of: Has the Tea Party gotten its wish on government spending?

    03/17/2014 8:13:12 AM PDT · by SeekAndFind · 11 replies
    American Thinker ^ | 03/17/2014 | Randall Hoven
    When it comes to federal government spending, we are almost back to normal. ¬†According to the Office of Management and Budget, the federal government spent 20.8% of GDP in fiscal 2013. ¬†That is not a rosy-scenario, computer-generated prediction, but an actual count of dollars already spent.That is the lowest level since President Obama was inaugurated, and down from the peak of 24.4% in 2009 ‚Äď a drop of over $600 billion in today‚Äôs dollars. ¬†It is almost back to the pre-Obama level of 20.2% of GDP in 2008. ¬†And it matches the 24-year average from 1975 through 1998. It is...
  • The government doesnít know how many empty buildings it owns ó just that theyíre costing us billions

    03/14/2014 6:48:43 AM PDT · by SeekAndFind · 13 replies
    Hotair ^ | 03/14/2014 | Erika Johnsen
    Ugghhh. Via The Hill: President Obama on Thursday urged Congress to ‚Äúdo even more‚ÄĚ on conservation projects after signing legislation protecting a 35-mile stretch of Lake Michigan‚Äôs coastline.‚ÄúThere are currently dozens of conservation proposals before Congress ¬ó many supported by Democrats and Republicans ¬ó that would protect important lands across the country and help grow our economy,‚ÄĚ Obama said in a statement.The Sleeping Bear Dunes conservation law was the first public lands designation by Congress in more than five years ¬ó the longest lawmakers had gone without making a wilderness designation in nearly 50 years.While urging lawmakers to take up...
  • Obama Hits Favorite NYC Boutique (the Gap in Midtown)

    03/11/2014 2:19:21 PM PDT · by nickcarraway · 12 replies
    New York Magazine ^ | 3/11 | Joe Coscarelli
    President Dad-Jeans #Normcore is in town this afternoon ahead of an exclusive $32,400-a-head fund-raiser, and he's spending the intervening hours as a man (from out of town) of the people. At the Gap. On 42nd Street. Basically, Obama is channeling The Office's Michael Scott, who once said, "I always like to come to New York a little bit early and hit some of my favorite haunts," like Sbarro for "a New York slice." According to the White House pool report, "President Obama is doing a little shopping for his wife and daughters." But also, politics: In his State of the...
  • Feds open investigation of Md. ObamaCare site

    03/10/2014 1:15:17 PM PDT · by rightwingintelligentsia · 12 replies
    The Hill ^ | March 10, 2014 | Jonathan Easley
    The Health and Human Services inspector general (IG) will launch an investigation into the failed ObamaCare exchange in Maryland, Rep. Andy Harris (R-Md.) announced Monday. ¬ďMaryland officials ignored early warning signs and chose to waste and abuse federal taxpayer money by opening up what they knew was a flawed exchange to the public,¬Ē he wrote in a statement. ¬ďI have confidence that the nonpartisan and independent HHS Inspector General will thoroughly investigate and bring to light how hundreds of millions of dollars were wasted on one of the worst exchange roll outs in the country,¬Ē he added. An official with...
  • Cruz to Hagel: Why is Pentagon Funding Algae Fuel, Wind Turbines, But Not More Combat Troops?

    03/06/2014 6:02:07 AM PST · by cotton1706 · 27 replies
    Texas Republican Senator Ted Cruz grilled Defense Secretary Chuck Hagel on his department's budget during a Senate Armed Services Committee hearing: "The Department of Defense continues to spend billions of dollars unnecessarily on alternative energy research programs at DoD. The Navy recently spent $170 Million on algae fuel, that costs four times as much as regular fuel," Cruz said. He continued by describing other similar projects in contrast to cuts in the funding for additional combat troops in the United States' armed services.
  • Report: DCís green-approved buildings using more energy

    03/04/2014 12:18:49 PM PST · by TurboZamboni · 14 replies
    daily caller ^ | 3-4-14 | Sarah Hurtubise
    Washington, D.C. may have the highest number of certified green buildings in the country, but research by Environmental Policy Alliance suggests it might not be doing much good.The free-market group analyzed the first round of energy usage data released by city officials Friday and found that large, privately-owned buildings that received the green energy certification Leadership in Energy Design (LEED) actually use more energy than buildings that didnít receive this green stamp of approval.LEED is the brainchild of the U.S. Green Building Council (USGBC), a private environmental group.
  • Thanks taxpayers! Globetrotting Michelle Obama announces luxurious vacation to China

    03/04/2014 9:37:40 AM PST · by mandaladon · 32 replies
    The Daily Caller ^ | 4 Mar 2014 | Eric Owens
    Fresh off the first familyís sixth annual winter vacation to the Hawaiian island of Oahu Ė billed to American taxpayers at a cost of $4 million Ė Michelle Obama and the first daughters Malia and Sasha will now jet off to China for over a week of much-needed sightseeing. President Barack Obama wonít be making the trip. But donít worry, America: The first ladyís mother, Marian Robinson, will be tagging along on the federal dime. The theme of the March 19-26 trip will be education, reports the Chicago Tribune. The first lady and her entourage will spend several days in...
  • Greenfield:

    03/03/2014 5:05:33 AM PST · by Louis Foxwell · 24 replies
    Sultan Knish blog ^ | Sunday, March 02, 2014 | Daniel Greenfield
    Sunday, March 02, 2014 The Coming Collapse of the Welfare State Posted by Daniel Greenfield @ the Sultan Knish blog In 1935, the year that FDR signed the Social Security Act into law, the birth rate was 18.7 per 1,000. In 1940, when the first monthly check was issued, it had gone up to 19.4. By 1954, when Disability had been added, the birth rate at the heart of the Baby Boom stood at 25.3. In a nation of 163 million people, 4 million babies were being born each year. By 1965, when Medicare was plugged in, the birth rate...
  • 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...
  • New Report Reveals Level of Federal Aid to the States and Importance of Fiscal Federalism

    02/28/2014 1:22:07 PM PST · by ThethoughtsofGreg · 1 replies
    ALEC ^ | 2-28-14 | Will Freeland
    In the face of a stagnating economy and national debt topping $17 trillion, many policymakers in Washington, D.C. are seeking ways to reduce spending. Given that many states increasingly rely on federal spending to craft their state budgets, the necessary federal spending reductions could pose a serious fiscal threat to states that fail to prepare. Whatís more, those federal funds come with serious strings attached, which often hamper state autonomy and effectiveness in policymaking. A recent report from State Budget Solutions based on Census data reveals that on the whole, states received 31.6 percent of their total revenue from the...
  • US Q4 GDP Revised Down To 2.4% From 3.2% On Lower Consumer Spending

    02/28/2014 6:54:05 AM PST · by SeekAndFind · 26 replies
    International Business Times ^ | 02/28/2014 | By Moran Zhang
    The U.S. economy grew at a 2.4 percent annualized rate in the fourth quarter, the Commerce Department said Friday, revising down its initial estimate of a 3.2 percent increase in the nation's economic performance. The drop in fourth-quarter gross domestic product growth was largely due to a smaller-than-expected boost from Americans buying bit-ticket items such as autos. Consumer spending, which accounts for 70 percent of the U.S. economy, slowed to a 2.6 percent rise from 3.3 percent in the third quarter. Export, inventory accumulation and government spending also contributed to the downward revision in GDP. Capital Economics' Paul Ashworth now...
  • Universities Want More Money

    02/28/2014 6:50:24 AM PST · by Academiadotorg · 17 replies
    Accuracy in Academia | February 28, 2014 | Malcolm A. Kline
    A team of researchers from Penn looked at the condition of higher education and came to about the same conclusion that academics usually come to when pressed to make a self-examination: Universities need more money. ¬ďThe years before 2000 saw relatively few attempts to compare states¬í performance in higher education,¬Ē Joni E. Finney, Laura W. Perna and Patrick M. Callan write in their report. ¬ďThe Measuring Up series of state report cards, published from 2000 to 2008, called attention to how state higher education systems stacked up against the best¬Ė‚Äźperforming states and, later, against international standards.¬Ē ¬ďThese state reports focused...
  • Central Corridor train derails on icy patch in downtown St. Paul

    02/27/2014 5:51:52 AM PST · by TurboZamboni · 3 replies
    Pioneer Press ^ | 2-27-14 | Tad Vezner
    Metro Transit crews work to get a light rail train back on track after it derailed Wednesday while traveling north on the Green Line at Cedar Street and 12th Street in downtown St. Paul. (Pioneer Press: John Autey) A Central Corridor light-rail test train rolled off the tracks on Cedar Street in downtown St. Paul on Wednesday afternoon. The minor derailment occurred as the northbound train, which was not carrying passengers, attempted to navigate a turn at 12th Street just before rush hour. It was leaving downtown headed toward Minneapolis. Crews working on the derailment hooked up another train to...
  • The schools will never have enough of our money

    02/23/2014 2:00:50 PM PST · by TurboZamboni · 27 replies
    Pioneer Press ^ | 2-22-14 | Joe Soucheray
    The schools will never have enough money. That should be clear by now. Trying to get a handle on what public education costs us is like trying to get a handle on Bigfoot, a large, out-of-focus monster that has never been successfully photographed. Remember, as the union activists from the St. Paul Federation of Teachers dutifully put on their red T-shirts to tell us of their current distress, that we just went through something similar as recently as 2012. That time, we were told we had to vote for a levy increase so the kids could have better access to...
  • Feds Spending $175,000 to Observe ĎSwimming Abilitiesí of Fish

    02/21/2014 4:01:37 PM PST · by Libloather · 20 replies
    Free Beacon ^ | 2/21/14 | Elizabeth Harrington
    The Fish and Wildlife Service (FWS) will spend $175,000 for a study on the ďswimming abilitiesĒ of fish in the Northern Rockies, the agency announced on Thursday. The FWS, a bureau within the Department of the Interior, will award a grant for the study that will produce a ďfish swimming video.Ē The grant announcement, entitled ďCooperative Research Program on the Swimming Abilities of Native Stream Fishes in the Northern Rockies-Upper Great Plains Regions of Montana,Ē estimated the projectís cost at $175,000.
  • Democrats Education Spending Math Doesn't Add Up

    02/19/2014 11:52:12 AM PST · by MichCapCon · 1 replies
    Capitol Confidential ^ | 2/18/2014 | Tom Gantert
    Democratic gubernatorial candidate Mark Schauer and others who perpetually lobby for increased K-12 education funding claim Michigan's education spending has been cut under Gov. Rick Snyder. These assertions persist despite the fact that the state-provided portion of per-pupil spending in Michigan is $7,545, up from the $6,844 level of the fiscal year 2011 budget, which was the final budget signed by former Gov. Jennifer Granholm. Local and federal sources supply about $6,000 more per student. The mathematical misdirection used to argue that Gov. Snyder has been cutting K-12 funding appears to be based on not counting state dollars that the...
  • Silence (So Far) from Democrats on Stimulus Anniversary

    02/17/2014 1:27:00 PM PST · by Libloather · 11 replies
    NBC News ^ | 2/17/14 | Mark Murray
    When the $787 billion federal stimulus was signed into law exactly five years ago this Monday, the U.S. economy was losing almost 800,000 jobs per month. Now? More than 4.2 million jobs have been added since March 2009. Also at this time five years ago, the unemployment rate was 8.3% and would climb to a high of 10.0% just months later. Now it stands at 6.6%. But on this fifth anniversary of the stimulus Ė passed mostly along party lines in response to financial crisis and Great Recession Ė Democrats and the White House have responded so far with Ö...
  • The Invulnerability of Government Spending

    02/15/2014 7:57:44 AM PST · by detective · 8 replies
    The American Spectator ^ | 2.13.14 | Matt Purple
    The latest budget battle in Washington has Democrats and Republicans once again at loggerheads. Democrats think Republicans should get nothing in return for another debt ceiling increase. Republicans think they should get less than nothing. The House GOP leadership has longed to stop the gory budget showdowns of the past few years. That means giving up on further cuts and passing a clean debt ceiling increase; a cringeworthy proposal, but one that should have attained enough Democrat and establishment Republican support to pass the House. Instead, the GOP found a creative way to make it worse. Republicans attached a provision...
  • Whoís Lost Credibility Now? House leadership abandoned all promises on spending restraint

    02/13/2014 11:44:59 AM PST · by Cincinatus' Wife · 18 replies
    National Review ^ | February 13, 2014 | Chris Chocola,Chris Chocola, a former congressman from Indiana, is the pres of the Club for Growth
    When Speaker of the House John Boehner said that conservative groups like the Club for Growth have been ďmisleading their followersĒ and have ďlost all credibility,Ē I didnít pay much attention to it. After all, members of Congress are constantly saying the Club doesnít matter ó even though itís belied by the facts: Since 2006 the Clubís PAC has helped nearly 50 endorsed candidates get elected to Congress. Some of the partyís brightest stars ó senators Marco Rubio of Florida, Pat Toomey of Pennsylvania, and Ted Cruz of Texas, congressmen Ron DeSantis of Florida and Justin Amash of Michigan ó...
  • Narrative Changing On Michigan K-12 Education Spending

    02/13/2014 10:51:01 AM PST · by MichCapCon · 2 replies
    Capitol Confidential ^ | 2/12/2014 | Tom Gantert
    During his Jan. 16 State of the State address, Gov. Rick Snyder said he increased funding to K-12 education. For Audrey Spalding, director of education policy at the Mackinac Center for Public Policy, and James Hohman, assistant director of fiscal policy at the Mackinac Center, it was a simple claim to verify. The Senate Fiscal Agency had a chart it produced that showed the increase in state funding under Gov. Snyder. The Senate Fiscal Agency describes itself as a "nonpartisan legislative agency created to provide the Michigan Senate with sound and unbiased assistance Ö" Gov. Snyder Still, that claim set...
  • 2014 Federal Budget in Pictures

    02/13/2014 9:34:00 AM PST · by 1rudeboy · 18 replies
    Federal spending and debt are out of control If America does not change course, the future will be dramatically worse. Now more than ever, it is crucial that Americans understand what our nation's spending, taxes, and debt mean for them and their families. The Heritage Foundation's Federal Budget in Pictures offers a unique tool to learn about the federal budget in a clear and compelling way.
  • Democrats Selectively Considering Pension Benefits In Education Funding

    02/12/2014 7:48:21 AM PST · by MichCapCon · 3 replies
    Capitol Confidential ^ | 2/9/2014 | Tom Gantert
    Top Democrats are being inconsistent on whether paying for teacher retirement benefits qualifies as a classroom expense. Their position seems to depend upon the political circumstance of the moment. In May 2012, Robert McCann, spokesman for the Senate Democrats, criticized Republicans for asking teachers to pay more to cover their retirement costs. He said the pensions were earned by teachers with "a lifetime of hard work in the classrooms." In 2012, Sen. Gretchen Whitmer, D-East Lansing, talked about retirement costs of teachers and described teachers as "the same people who played by the rules, negotiated for their compensation, which included...
  • Repeal the Debt Ceiling

    02/11/2014 5:22:17 PM PST · by Oldeconomybuyer · 13 replies
    Wall Street Journal ^ | February 11, 2014 | Op Ed
    A mere eight weeks from the December budget deal, House Republicans on Tuesday bowed to the inevitable and allowed a vote on a "clean" debt-ceiling increase that Democrats promptly passedóno reform strings attached. Perhaps as a follow-up the GOP could repeal the debt ceiling altogether and finally end this periodic self-torture. Before it created the debt ceiling in 1917, Congress had to vote to approve each new government bond issue, specifying the amount to be borrowed and the terms. This is in stark contrast to today's practice, when Treasury is generally free to borrow at will until it hits the...
  • House passes debt-ceiling increase with no add-ons

    02/11/2014 2:35:53 PM PST · by Red in Blue PA · 206 replies
    This is a developing news story. An earlier version of the article follows: House GOP leaders announced Tuesday they will advance this week an increase in the government's borrowing cap that's free of any add-ons. A vote is scheduled for Tuesday night because of the threat of a winter storm. House Speaker John Boehner announced the plan after a poll of the Republican rank and file failed to show enough support for a plan to tie the hike in the debt limit to a plan to reverse a recently passed cut to military pensions. The Ohio Republican said he expected...
  • The 10 Most Outrageous Government Boondoggles I Ever Saw

    02/09/2014 9:37:31 AM PST · by TurboZamboni · 5 replies
    politico ^ | 2-5-14 | TOM COBURN
    The Pentagonís ďDid Jesus die for Klingons too?Ē symposium In 2012, we issued a report titled ďDepartment of EverythingĒ that showed how the Department of Defense could make cuts in ďnon-defenseĒ spending Ė spending in DOD that has nothing to do with our national defense, which weíve estimated totals almost $68 billion. In the report, we highlighted surprising spending on beef jerky and a smartphone add to gauge caffeine intake. Our eyebrows were also raised by a strategy planning workshop for which nearly $100,000 was allocated. One of the sessions at the symposium explored the relationship between Jesus and Klingons,...
  • US to get approximately $17.2T debt limit Friday

    02/07/2014 11:13:26 AM PST · by mdittmar · 22 replies
    ABC News ^ | February 7, 2014 | ANDREW TAYLOR Associated Press
    The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis. The new cap on borrowing is expected to be about $17.2 trillion. It means Treasury Secretary Jacob Lew will have to employ bookkeeping maneuvers to keep the government functioning until Congress further raises the borrowing limit. Lew warns he has less maneuvering room now than he had last year, when such "extraordinary measures" bought five months of time for the government to keep borrowing while at the previous $16.7 trillion debt ceiling. Lawmakers temporarily suspended the borrowing limit...
  • Like A Broken Record, Union Complains About 'Insufficient Funds'

    02/07/2014 6:35:54 AM PST · by MichCapCon · 6 replies
    Capitol Confidential ^ | 2/6/2014 | Tom Gantert
    How much money does it cost to educate a student? According to the Michigan Education Association, the answer is always the same: "more." Despite the facts, the union claims that Michigan's schools are in dire straits due to a lack of adequate funding. But records show that the MEA and allied groups have been making these same claims for years ó during good times and bad, and under Republican and Democratic governors. In spite of its one-state recession throughout most of the 2001-2010 decade, Michigan still ranks 23rd among the 50 states and the District of Columbia in per-pupil spending,...
  • US deficit to drop to $514B, lowest of Obama years

    02/04/2014 9:42:18 AM PST · by ColdOne · 22 replies
    cnsnews.com ^ | 2/4/14 | ANDREW TAYLOR,Ap
    WASHINGTON (AP) ó The U.S. budget deficit is set to fall to $514 billion this year, down substantially from last year and the lowest level by far since President Barack Obama took office five years ago, a congressional report said Tuesday. The Congressional Budget Office credits higher tax revenues from the rebounding economy and sharp curbs on agency spending as the chief reason for the deficit's short-term decline. But the budget experts see the long-term deficit picture worsening by about $100 billion a year through the end of the decade because of slower growth in the economy than they had...
  • CNN/ORC Poll: Debt Ceiling blame game. Majority will blame Republicans if debt ceiling not raised.

    02/04/2014 9:24:42 AM PST · by SeekAndFind · 23 replies
    More Americans would blame Republicans in Congress than President Barack Obama if the nation's debt ceiling is not raised, according to a new national poll. The release of the CNN/ORC International survey on Monday came as Treasury Secretary Jack Lew issued yet another public warning to Congress to act quickly to extend the nation's borrowing authority. Fifty-four percent of those questioned say they would blame the GOP in Congress if the debt ceiling isn't raised, with 29% saying they'd hold the President more responsible. Twelve percent say they'd point fingers at both sides. The numbers are little changed from last...
  • Wis. panel to vote on constitutional convention

    02/04/2014 6:46:29 AM PST · by Sopater · 49 replies
    WQOW ^ | Feb 04, 2014 4:04 AM CST
    MADISON, Wis. (AP) - A Wisconsin legislative committee is set to vote on a resolution calling for a state convention to propose a balanced budget amendment to the U.S. Constitution. It takes a two-thirds vote in Congress to propose an amendment for states' ratification. Congress also must grant a request from two-thirds of the states to convene a state convention to propose an amendment. Ratification requires approval from three-quarters of state legislatures. The tea party has been making a national push to convene a convention to propose an amendment requiring the federal government to balance its budget. Wisconsin Republicans have...
  • Gubernatorial Candidate Makes Inaccurate Claim About Education Spending

    01/31/2014 5:31:52 AM PST · by MichCapCon
    Capitol Confidential ^ | 1/27/2014 | Tom Gantert
    Gubernatorial candidate Mark Schauer erroneously said on WJR last week that an increase in funding under Gov. Rick Snyder for schools was due to federal dollars. According to the Senate Fiscal Agency, state funding has increased every year under Gov. Snyder while federal funding has declined relative to his predecessor. From 2008-09 to 2010-11 Ė Gov. Granholmís last three budgets Ė K-12 education received $6.4 billion from the feds. From 2011-12 to 2013-14 under Gov. Snyder, the feds have contributed $5.2 billion to K-12 education. Yet, Schauer continued a Democratic storyline that Gov. Snyder has cut funding to K-12 education....