federal budget

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GOP Blasts Obama Speech: 'I Missed Lunch for This?'

Republicans call it a partisan campaign speech

(Newser) - A sampling of Republican reaction to President Obama's budget speech today, from USA Today and Politico :
  • Paul Ryan: He called it "excessively partisan, dramatically inaccurate, and hopelessly inadequate" in getting the nation's debt under control. It was "a political broadside from our campaigner in chief."
  • Jeb Hensarling:
...

Moby Video Rips Budget
 Moby Video 
 Rips  Budget 

Apr 13, 2011 4:02 AM CDT

Moby Video Rips Budget

Singer plugs 'rolling fast' to protest cuts

(Newser) - Remember when celebrities made videos crowing about politicians? What a difference almost four years makes. Moby has just released a video slamming the new "Republican budget" (hammered out with the White House) featuring the first track from his new album. His song, "The Day," plays over photos...

Romesh Ratnesar: Pentagon Budget Must Shrink to Fix Deficit
Face It, Washington:
Defense Budget Must Shrink
OPINION
Apr 11, 2011 12:20 PM CDT

Face It, Washington: Defense Budget Must Shrink

Pentagon's policies 'outdated'; deficit's the biggest threat: Romesh Ratnesar

(Newser) - The latest budget compromise may have resulted in “sweeping” and “historic” cuts, as the White House, Congress, and the media have claimed—yet “not a solitary penny” was cut from defense spending. Instead, spending will break $700 billion in 2011, which happens to be a post-World War...

Shutdown Averted, Higher Stakes Loom

Battles brewing over debt ceiling, 2012 budget will be even bigger

(Newser) - If you think the narrowly averted government shutdown over a few billion dollars was bad, wait until you see the multi-trillion-dollar brawls coming in the next few weeks, reports the Wall Street Journal . First up, the government is about to hit its legally imposed $14.294 trillion debt ceiling by...

Hoyer on Budget Deal: '70% of the Way' There

No deal yet, but 'very close' to compromise

(Newser) - As the clock ticks down, House Minority Whip Steny Hoyer says budget negotiators are "very close" to a deal. "I think we've come 70% of the way in terms of dollars," Hoyer tells Today . "That's a long way to go in trying to reach compromise."...

Things That Could Happen if Government Shuts Down

Unfortunately, two of them involve, er, waste

(Newser) - As a government shutdown looms once again, Miller-McCune notes 10 things that could happen if Congress doesn't agree on a budget by Friday:
  1. Toxic waste could pile up: During the last shutdown, cleanup was halted at 609 Superfund sites.
  2. Disease hotlines could go unanswered: They did last time, when the
...

To Stave Off Shutdown, GOP Wants $12B in Cuts

New cuts would offer one-week delay

(Newser) - Once again, a government shutdown looms Friday—and another delay will cost $12 billion in budget cuts if the GOP has its way. The House Appropriations Committee is drafting a bill that will, for another $12 billion in new cuts, keep domestic agencies and the State Department running for one...

Why Are 64 Senators Writing a Letter, Not Laws?

'Odd' missive asks for help supermajority doesn't need: Ezra Klein

(Newser) - There’s something strange about the letter 64 senators have written to Barack Obama, requesting that he support comprehensive debt reduction. The language itself is standard enough, writes Ezra Klein in the Washington Post —but why did a powerful bloc of senators write it, rather than the legislation they...

EJ Dionne: No, We're Not Broke -- Budget 'Crisis' Is Fake
 Budget 'Crisis' 
 Is Made-Up 
EJ DIONNE
Mar 14, 2011 1:52 PM CDT

Budget 'Crisis' Is Made-Up

It's an 'arresting metaphor' to push ideological agenda

(Newser) - We keep hearing that “we’re broke”—a good way for politicians to make a deceptive case for cutting taxes on the rich and cutting social programs. But the fact is, “we’re not broke,” writes EJ Dionne in the Washington Post . “Yes, nearly all...

We Want to Cut Foreign Aid— and Expand It

Americans think it's 25% of the budget. In fact, it's 1%, and it works: Ken Hackett

(Newser) - Americans think foreign aid should be the first casualty of budget-trimming, a poll shows—but we also want it to be 10 times what it is now. That’s because most Americans think foreign aid makes up a quarter of the federal budget, and want to cut it to 10%....

GOP Freshmen Learn Basics at 'Budget Camp'

Their homework: sell the plan in their own districts

(Newser) - Senior Republicans have an assignment for their 87 freshmen: Sell the party’s budget plan in your home districts. To that end, party leaders have been running a “boot camp” to teach the budget basics, with “listening sessions” run by senior lawmakers, Politico reports. But in a fiscally-focused...

What Would a Government Shutdown Really Mean?

Based on the last one: layoffs, delayed checks, interrupted services

(Newser) - If the looming government shutdown actually arrives next month, what can you expect? The Los Angeles Times offers a preview, by reporting what occurred during previous shutdowns:
  • Layoffs: During shutdowns in 1995 and 1996, hundreds of thousands of federal workers lost their jobs. Even federal employees who kept their jobs
...

Obama to Propose Middle-Ground Budget Cuts

Proposed cuts will reduce deficits by $1.1T over 10 years

(Newser) - The budget cuts President Obama will propose tomorrow likely won’t be as deep as Republicans want , but they will nonetheless promise $1.1 trillion in deficit reductions over the next decade, according to a senior administration official. Among the proposed areas to be affected in the fiscal 2012 budget:...

Obama Proposes Boosting Unemployment Tax

Companies would pay more to insure workers

(Newser) - President Obama’s proposed budget is expected to call for the first increase in unemployment taxes since 1983. Employers would, as of 2014, have to pay taxes on $15,000-worth of wages, up from the current $7,000, the Wall Street Journal reports. The move would give states a way...

Don't Like My Plan to Cut $500B? Then Do This...

Sen. Rand Paul offers challenge to those who don't like his proposal

(Newser) - Rand Paul is trumpeting his plan to cut $500 billion in spending once again , this time in the pages of the Wall Street Journal , where he calls his "a modest proposal when measured against the size of our mounting debt." He runs through its elements—he doesn't touch...

GOP Demands End to Expired Program
GOP Demands End to Expired Program
Nov 10, 2010 12:13 PM CST

GOP Demands End to Expired Program

Panel blasts $2.5B welfare initiative that no longer exists

(Newser) - In a drive to cut the deficit, a GOP committee called for an end to a $2.5 billion dollar welfare program this week—which might have been a clever move if the program hadn’t already expired, notes Arthur Delaney at the Huffington Post . The committee’s leader slammed...

US Intel Spending Breaks $80B
 US Intel Spending Breaks $80B  
Oct 29, 2010 8:36 AM CDT

US Intel Spending Breaks $80B

Spending revealed for first time this century

(Newser) - American intelligence spending hit $80.1 billion, or some 12% of defense spending, for the just-ended fiscal year—more than what was spent on either the Department of Homeland Security ($53 billion) or the Justice Department ($30 billion). It's triple the $26.7 billion that was budgeted in 1998, the...

What the Left Gets Wrong About the Tea Partiers

They're a lot more reasonable than liberals think, writes Ross Douthat

(Newser) - The left likes to paint the Tea Partiers as wingnuts, so it’s time to dispel some misconceptions, writes Ross Douthat. One myth: the Tea Party will be disastrous for the GOP. In fact—Rich Iott, Christine O'Donnell, and Carl Paladino aside—it's backed some very electable candidates, like Pennsylvania's...

Deficit Breaks $1T Again

 Deficit Breaks 
 $1T Again 
Oct 15, 2010 7:10 AM CDT

Deficit Breaks $1T Again

Budget gap shrinks, but is set to grow

(Newser) - The federal budget deficit is set to break a trillion dollars for the second year in a row, the Obama administration is set to report today. Officials foresee a deficit of $1.29 trillion for the 2010 budget year that ended Sept. 30, the AP reports, down from last year’...

Schools Win; NASA Loses



Schools Win; 
 NASA Loses  
budget ANALYSIS
Feb 1, 2010 5:31 PM CST

Schools Win; NASA Loses

First look at proposed 2011 budget shows sharp break between haves and have-nots

(Newser) - President Obama delivered his proposed 2011 budget to Congress today, and the Washington Post drills down to find the winners and losers. Winners first:
  • K-12 education: The Department of Education's budget will increase by 6%, or $3 billion.
  • Research: The proposal pumps up the Energy Department's budget 7%, or $2
...

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