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Keyword: spending

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  • 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
    “What the hell is this, a joke?” Speaker of the House John Boehner said in reaction to news this week that yet another “deadline” in the Affordable Care Act had been unilaterally delayed by the Obama administration. Unfortunately, the answer to that question is yes, and it’s becoming increasingly clear that the joke is on the American taxpayer. Late Tuesday, the Department of Health and Human Services – which has taken to bragging about “enrollment” numbers that fall millions short of their original goals – 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.
  • Obama’s CFPB records ‘bad behavior’ by debt collectors without investigating complaints

    03/25/2014 4:08:50 AM PDT · by mgist · 3 replies
    Daily Caller ^ | 3/20/14 | Howley
    Obama’s Consumer Financial Protection Bureau records ‘bad behavior’ by debt collectors without investigating complaints The Obama administration’s Consumer Financial Protection Bureau (CFPB) uses subjective criteria for analyzing complaints against debt collectors that ties collectors to “bad behavior” — 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 “seeks to justify the CFPB’s existence” but leaves errors unaccounted for, according to ACA International, the country’s 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 — but HHS Secretary Kathleen Sebelius has never once testified before the Senate’s Budget Committee on either Obamacare’s costs or the president’s budget at large. “The Department of Health and Human Services is projected to spend over $1 trillion in FY2015 under the president’s budget, and health care costs — which today comprise nearly 30 percent of all federal spending — 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 administration’s 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 “climate resiliency fund” 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 – a drop of over $600 billion in today’s 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 doesn’t know how many empty buildings it owns — just that they’re 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 “do even more” on conservation projects after signing legislation protecting a 35-mile stretch of Lake Michigan’s coastline.“There are currently dozens of conservation proposals before Congress — many supported by Democrats and Republicans — that would protect important lands across the country and help grow our economy,” Obama said in a statement.The Sleeping Bear Dunes conservation law was the first public lands designation by Congress in more than five years — 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. “Maryland 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,” he wrote in a statement. “I 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,” 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: DC’s 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 didn’t 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 family’s sixth annual winter vacation to the Hawaiian island of Oahu – billed to American taxpayers at a cost of $4 million – 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 won’t be making the trip. But don’t worry, America: The first lady’s 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. What’s 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. “The years before 2000 saw relatively few attempts to compare states’ performance in higher education,” Joni E. Finney, Laura W. Perna and Patrick M. Callan write in their report. “The 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–‐performing states and, later, against international standards.” “These state reports focused...