Ryan proposes $6.2 trillion in cuts over the next 10 years
Progress! The House Republicans propose $6.2 trillion in cuts over the next 10 years.
Progress! The House Republicans propose $6.2 trillion in cuts over the next 10 years.
Tag: debt
Ryan proposes $6.2 trillion in cuts over the next 10 years
House GOP introduces one-week stopgap with $12B in spending cuts
The House Republicans last night introduced a one-week stopgap continuing resolution with $12 billion in spending cuts.
The House Republicans last night introduced a one-week stopgap continuing resolution with $12 billion in spending cuts.
Federal workers in shutdown limbo
My heart bleeds: Federal workers in shutdown limbo.
Considering government workers generally make twice the salary of workers in the private sector, I have little sympathy for them and consider this to be nothing more than a pig squealing.
My heart bleeds: Federal workers in shutdown limbo.
Considering government workers generally make twice the salary of workers in the private sector, I have little sympathy for them and consider this to be nothing more than a pig squealing.
Boehner digs in on spending cuts, saying $33B is ‘not enough’
The Republican response to the various Democratic claims that a budget deal is imminent: There is no deal, and $33 billion in cuts is “not enough.”
The Republican response to the various Democratic claims that a budget deal is imminent: There is no deal, and $33 billion in cuts is “not enough.”
GOP 2012 budget to make $4 trillion-plus in cuts
It’s a start, though it really isn’t enough: the Republican 2012 budget will call for $4 trillion-plus in cuts over the next decade.
Ryan said Obama’s call for freezing nondefense discretionary spending actually locks in spending at high levels. Under the forthcoming GOP plan, Ryan said spending would return to 2008 levels and thus cut an additional $400 billion over 10 years. [emphasis mine]
Note that no one was starving and children weren’t dying for lack of federal spending in 2008.
It’s a start, though it really isn’t enough: the Republican 2012 budget will call for $4 trillion-plus in cuts over the next decade.
Ryan said Obama’s call for freezing nondefense discretionary spending actually locks in spending at high levels. Under the forthcoming GOP plan, Ryan said spending would return to 2008 levels and thus cut an additional $400 billion over 10 years. [emphasis mine]
Note that no one was starving and children weren’t dying for lack of federal spending in 2008.
Ohio and New Hampshire follow Wisconsin, passing laws limiting union power
It’s a trend! Ohio and New Hampshire have followed Wisconsin, their legislatures passing laws limiting union power.
Note that in New Hampshire, the law still has to be approved by the state Senate.
It’s a trend! Ohio and New Hampshire have followed Wisconsin, their legislatures passing laws limiting union power.
Note that in New Hampshire, the law still has to be approved by the state Senate.
Nearly $2 billion already paid to unions, state public employee systems, and big corporations under Obamacare
This idiotic thing has got to be repealed: Nearly $2 billion already paid to unions, state public employee systems, and big corporations under Obamacare.
The program began making payouts on June 1, 2010. Between that date and the end of 2010, it paid out about $535 million dollars. But according to the new report, the rate of spending has since increased dramatically, to about $1.3 billion just for the first two and a half months of this year. At that rate, it could burn through the entire $5 billion appropriation as early as 2012. [emphasis mine]
This idiotic thing has got to be repealed: Nearly $2 billion already paid to unions, state public employee systems, and big corporations under Obamacare.
The program began making payouts on June 1, 2010. Between that date and the end of 2010, it paid out about $535 million dollars. But according to the new report, the rate of spending has since increased dramatically, to about $1.3 billion just for the first two and a half months of this year. At that rate, it could burn through the entire $5 billion appropriation as early as 2012. [emphasis mine]
GOP budget would kill 70,000 children
The squealing is now getting idiotic: The administrator of the U.S. Agency for International Development claimed on Wednesday that GOP budget cuts for the 2011 budget “would lead to 70,000 kids dying.”
The squealing is now getting idiotic: The administrator of the U.S. Agency for International Development claimed on Wednesday that GOP budget cuts for the 2011 budget “would lead to 70,000 kids dying.”
“These Aren’t Serious People.”
“These Aren’t Serious People.” Jim Hoft of Gateway Pundit today puts the whole budget mess in clear perspective. As usual, the charts are what make his point so clearly.
“These Aren’t Serious People.” Jim Hoft of Gateway Pundit today puts the whole budget mess in clear perspective. As usual, the charts are what make his point so clearly.
Delays in NASA heavy-lift rocket plan stir skeptics
More proof it’s nothing but pork: Witnesses at House committee hearing express strong concerns about the heavy-lift rocket plan (the-program-formerly-called-Constellation) imposed on NASA by Congress.. Key quote:
“We simply do not know what is next,” said Maser, president of Pratt & Whitney Rocketdyne, which builds the space shuttle’s main engines. “We are in a crisis.”
More proof it’s nothing but pork: Witnesses at House committee hearing express strong concerns about the heavy-lift rocket plan (the-program-formerly-called-Constellation) imposed on NASA by Congress.. Key quote:
“We simply do not know what is next,” said Maser, president of Pratt & Whitney Rocketdyne, which builds the space shuttle’s main engines. “We are in a crisis.”
Adventures in Federal Budget Cutting
A cautionary tale: Adventures in federal budget cutting.
The experience has been difficult and has caused me some personal problems. I am afraid this will be the case for anyone who tries to cut spending — in the face of an entrenched bureaucracy that thrives on ever-increasing budgets.
A cautionary tale: Adventures in federal budget cutting.
The experience has been difficult and has caused me some personal problems. I am afraid this will be the case for anyone who tries to cut spending — in the face of an entrenched bureaucracy that thrives on ever-increasing budgets.
Now CNN reports a deal in Congress for $73 billion in cuts for this year
Now CNN reports a deal in Congress calling for $73 billion in cuts for this year.
Once again, though these amounts are minuscule, I like the political trend, which is blowing increasingly in the direction of cuts, and cuts only.
Now CNN reports a deal in Congress calling for $73 billion in cuts for this year.
Once again, though these amounts are minuscule, I like the political trend, which is blowing increasingly in the direction of cuts, and cuts only.
Going Broke: Treasury Down to $58.6B in Cash, $130.5B Borrowing Authority
The reckoning is about to arrive: The federal treasury is down to $58.6 billion in cash with only $130.5 billion in borrowing authority.
Meanwhile former Democratic operative George Stephanopoulos reports that a tentative deal between the parties in Congress will finalize the cuts from last year’s budget at $33 billion.
As I said, the reckoning is about to arrive.
The reckoning is about to arrive: The federal treasury is down to $58.6 billion in cash with only $130.5 billion in borrowing authority.
Meanwhile former Democratic operative George Stephanopoulos reports that a tentative deal between the parties in Congress will finalize the cuts from last year’s budget at $33 billion.
As I said, the reckoning is about to arrive.
Reid suggests that the Democrats might compromise in budget talks
Are they blinking finally? Harry Reid (D-Nevada) suggested yesterday that the Democrats might be willing to compromise in budget talks.
Are they blinking finally? Harry Reid (D-Nevada) suggested yesterday that the Democrats might be willing to compromise in budget talks.
Senator Schumer: “I always use the word extreme. . . That is what the caucus instructed me to use this week.”
Congress to NASA: follow the authorization act
The pigs rule! Congress to NASA: follow the authorization act.
In other words, Congress wants NASA to spend money (Pork!) on a rocket it can’t complete for the cash provided.
The pigs rule! Congress to NASA: follow the authorization act.
In other words, Congress wants NASA to spend money (Pork!) on a rocket it can’t complete for the cash provided.
Senate Democrats and the White House offer $20B more in cuts
Senate Democrats and the White House offer $20B more in cuts.
This is further evidence that the political winds favor trimming the government. However, to find out how serious the Democrats are we’d need to find out some details about their specific proposed cuts.
Senate Democrats and the White House offer $20B more in cuts.
This is further evidence that the political winds favor trimming the government. However, to find out how serious the Democrats are we’d need to find out some details about their specific proposed cuts.
More on the NASA space war
More on the space war over NASA from Jeff Foust of The Space Review. Also read this Aviation Week article.
Overall, it is still a mess, with much of the money allocated to NASA a complete waste that will not get us into space.
More on the space war over NASA from Jeff Foust of The Space Review. Also read this Aviation Week article.
Overall, it is still a mess, with much of the money allocated to NASA a complete waste that will not get us into space.
The incremental approach is working
He has a point: Fred Barnes argues that the Republican incremental approach to cutting the budget makes sense politically. Key quote:
The end zone is far away, however, and impatience won’t get Republicans there. Impatience is not a strategy. It may lead to a government shutdown with unknown results. To enact the sweeping cuts they desire, Republicans must hold the House and capture the Senate and White House in the 2012 election. Then they’ll control Washington. Now they don’t.
He has a point: Fred Barnes argues that the Republican incremental approach to cutting the budget makes sense politically. Key quote:
The end zone is far away, however, and impatience won’t get Republicans there. Impatience is not a strategy. It may lead to a government shutdown with unknown results. To enact the sweeping cuts they desire, Republicans must hold the House and capture the Senate and White House in the 2012 election. Then they’ll control Washington. Now they don’t.
Frenzy in Washington grows over nation’s debt
Frenzy in Washington grows over nation’s debt.
I like the headline alone, because it suggests the political tide might finally be turning in the direction of actually cutting down the size of federal spending. And the article itself reinforces that sense.
Frenzy in Washington grows over nation’s debt.
I like the headline alone, because it suggests the political tide might finally be turning in the direction of actually cutting down the size of federal spending. And the article itself reinforces that sense.
Budget negotiations — and the possibility of a shutdown — are coming to a head
Budget negotiations — and the possibility of a shutdown — are coming to a head.
Budget negotiations — and the possibility of a shutdown — are coming to a head.
Five anti-hunger organization leaders plan open-ended fasts to protest proposed cuts
The pigs continue to squeal: Five anti-hunger organization leaders plan open-ended fasts to protest proposed cuts.
The pigs continue to squeal: Five anti-hunger organization leaders plan open-ended fasts to protest proposed cuts.
The NASA space war mess
The NASA space war mess.
Congress is now looking to flatline or cut NASA budget (or not enact new ones) while also playing its own game of telling NASA to do things it simply does not have the budget to do. A new slow motion train wreck is in the making.
The NASA space war mess.
Congress is now looking to flatline or cut NASA budget (or not enact new ones) while also playing its own game of telling NASA to do things it simply does not have the budget to do. A new slow motion train wreck is in the making.
Just when you think they finally get it
Another example of the great disconnect: Just when you think they finally get it.
Another example of the great disconnect: Just when you think they finally get it.
House Prices Will Drop Another 20%
If you think the state of the federal budget is irrelevant, read this: House prices predicted to drop another 20%.
The data in the article above is depressing, and suggests the consequences for the unrealistic craziness of the past decade have not yet played out entirely.
If you think the state of the federal budget is irrelevant, read this: House prices predicted to drop another 20%.
The data in the article above is depressing, and suggests the consequences for the unrealistic craziness of the past decade have not yet played out entirely.
Hoyer Calls $100 Billion in Cuts to $3.7 Trillion Budget ‘A Meat-Axe Approach’
My idiotic congressman: Steny Hoyer (D-Maryland) today called the $100 billion in cuts to the $3.7 trillion federal budget “A meat-axe approach.”
Way to go, Steny! Show us all how you can’t add or subtract. Somehow, to your childish brain, cutting less than three percent of a budget that was doubled (increased by 100 percent) in the years you and your party were in charge in Congress is “reckless.”
What a fool.
My idiotic congressman: Steny Hoyer (D-Maryland) today called the $100 billion in cuts to the $3.7 trillion federal budget “A meat-axe approach.”
Way to go, Steny! Show us all how you can’t add or subtract. Somehow, to your childish brain, cutting less than three percent of a budget that was doubled (increased by 100 percent) in the years you and your party were in charge in Congress is “reckless.”
What a fool.
Lockheed Martin unveils Orion spacecraft and test center
The program-formerly-called-Constellation moves forward: Lockheed Martin yesterday unveiled the Orion spacecraft and the test center to be used to prepare it for space.
Though this press announcement was actually intended to encourage Congress to continue funding, it also illustrated how this portion at least of Constellation had made significant progress before it was undercut by both Obama and Congress.
The program-formerly-called-Constellation moves forward: Lockheed Martin yesterday unveiled the Orion spacecraft and the test center to be used to prepare it for space.
Though this press announcement was actually intended to encourage Congress to continue funding, it also illustrated how this portion at least of Constellation had made significant progress before it was undercut by both Obama and Congress.
Democrats Split on Social Security
Now this change I can support! Several Democrats have broken ranks with their party and appear willing to consider some sort of Social Security budget reform.
Now this change I can support! Several Democrats have broken ranks with their party and appear willing to consider some sort of Social Security budget reform.
European Space Missions to Go It Alone After NASA Yanks Support
The mess from the NASA space war spreads: Three European space science missions are now on their own after the U.S. the space agency pulls funding.
The mess from the NASA space war spreads: Three European space science missions are now on their own after the U.S. the space agency pulls funding.
The recall vote in Miami
The background behind last week’s recall vote in Miami. Key quote:
”County voters have demonstrated by their ballots that they are tired of unaccountable officials, of being ignored and of being overtaxed in this very difficult recessionary time.”
The background behind last week’s recall vote in Miami. Key quote:
”County voters have demonstrated by their ballots that they are tired of unaccountable officials, of being ignored and of being overtaxed in this very difficult recessionary time.”