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Tag: Budget

The Battle of the Budgets: New Fronts in the Afghan and Iraq Wars

Wisconsin, Indiana, Ohio, Idaho ... these are the latest fronts in the battle of budgets, with the larger fight over a potential shutdown of the U.S. government looming.

Posted on Mar 1, 2011 READ MORE


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Pelosi
AP / Alex Brandon

Shutdown Looking Unlikely on Capitol Hill

The good news: It doesn’t seem as though disputes between congressional Republicans and their Democratic colleagues on Capitol Hill and in the White House over spending cuts will bring the government to a standstill. The bad news ...

Posted on Feb 28, 2011 READ MORE


Left, Right & Center

‘Left, Right & Center’: Mideast and the Midwest

More strife in Libya, the Wisconsin Assembly passes a bill barring collective bargaining rights, the death of DOMA and a budget standoff in Washington. Buckle in for “Left, Right & Center.”

Posted on Feb 25, 2011 WATCH & LISTEN


Uprisings: From the Middle East to the Midwest

As many as 80,000 people marched to the Wisconsin state Capitol in Madison on Saturday as part of an ongoing protest against newly elected Republican Gov. Scott Walker’s attempt to not just badger the state’s public employee unions, but to break them.

Posted on Feb 22, 2011 READ MORE



AP / Andy Manis

The Madison-Washington Connection

The demonstrators in Madison, Wis., are fighting to preserve American hopes for opportunity and security that conservative Republicans are trying to destroy. 

Posted on Feb 22, 2011 READ MORE


The Tea Party Is Winning

We are acting as if the only real problem the United States confronts is the budget deficit, the only test of leadership is whether a president is willing to make big cuts in programs that protect the elderly, and the largest threat to our prosperity comes from public employees.

Posted on Feb 21, 2011 READ MORE


Budget Cuts









Posted on Feb 16, 2011 ENLARGE


Obama’s Budget: Freezing the Poor

President Barack Obama unleashed his proposed 2012 budget this week, pronouncing, proudly: “I’ve called for a freeze on annual domestic spending over the next five years.”

Posted on Feb 15, 2011 READ MORE


Obama Brings Budget Plan to Captive Audience of Middle Schoolers

President Obama may have picked one of the only places in the country where delivering a speech about his new budget plan would be met with enthusiasm by visiting the Parkville Middle School and Center for Technology in Baltimore ...

Posted on Feb 14, 2011 WATCH & LISTEN



whitehouse.gov

Obama Plays It Down the Middle

Could President Obama’s newly unveiled budget—which includes, he claims, funding cuts to programs he supports—represent an attempt to win over some conservative constituents before Nov. 4, 2012?

Posted on Feb 14, 2011 READ MORE


Can Obama Be Luke Skywalker?

Welcome to the war over E2I2. The great budget battle of Bill Clinton’s presidency was waged around a slightly different set of initials, also inspired by the “Star Wars” character R2D2.

Posted on Feb 14, 2011 READ MORE



AP / Andy Manis

Wisconsin Governor Moves to Gut Public Sector Unions

Gov. Scott Walker in cash-strapped Wisconsin is pretty sure he’s doing the right thing in trying to ram through a bill ending collective bargaining rights for most public employees. But, just in case, he’s putting the National Guard on alert.

Posted on Feb 12, 2011 READ MORE


Left, Right & Center

‘Left, Right & Center’: Mubarak Steps Down; Budget Wars

Egyptian President Hosni Mubarak has resigned in the wake of massive anti-government protests that lasted more than two weeks. What’s next for Egypt after this historic revolution?

Posted on Feb 11, 2011 WATCH & LISTEN


Bernanke
AP / Susan Walsh

Bad News Bernanke Strikes Again

As if the last couple of years haven’t been brutal enough, here comes Federal Reserve Chairman Ben Bernanke with the exasperating news that the job market isn’t going to markedly improve for “several years.”

Posted on Feb 9, 2011 READ MORE



AP / Nick Ut

State Budget Cuts Are Bad for Your Health

The budget cuts being proposed in state capitals around the country may sound vague and abstract, but what they boil down to are many scenes of misery.

Posted on Feb 8, 2011 READ MORE


Governor Laser Beam

The man once known as Governor Moonbeam sounded more like Governor Laser Beam when it came to addressing California’s fiscal crisis.

Posted on Feb 2, 2011 READ MORE


Cow Most Sacred: Why Military Spending Remains Untouchable

In defense circles, “cutting” the Pentagon budget has once again become a topic of conversation. Americans should not confuse that talk with reality.

Posted on Jan 27, 2011 READ MORE


Discretion Advised

Discretionary spending, the part of the federal budget that is not on autopilot and is subject to annual appropriations, generally constitutes less than 40 percent of federal spending. Take out defense spending and that share drops to well under 20 percent.

Posted on Jan 23, 2011 READ MORE



Wikimedia Commons / Office of Management and Budget

Orszag Sees Turbulent Times Ahead

So, the former head honcho of Obama’s Office of Management and Budget, Peter Orszag, is now sitting in a very plush position over at Citigroup, from where he gave his latest economic prognostications in Thursday’s Financial Times ...

Posted on Jan 21, 2011 READ MORE



AP / Rich Pedroncelli

The Story of a Lifetime

Covering the statehouse or city hall is regarded as the minor leagues of political journalism. But this year, these too-often-unappreciated scriveners are in the middle of one of the most important domestic stories in decades.

Posted on Jan 11, 2011 READ MORE


Washington Loves a Paradox

In a Washington circus that features as many morons as oxymorons, we have self-described deficit hawks who promote tax cuts, alleged war opponents who back war escalations and supposed anti-government conservatives who press to expand the National Security State.

Posted on Jan 7, 2011 READ MORE



U.S. Air Force / Staff Sgt. Michael B. Keller

We Really Do Spend More Than $1 Trillion on War

The Pentagon’s budget is only about half of what the U.S. spends on war and defense. If you add costs like nuclear weapons and the medical care of wounded soldiers, the figure tops $1 trillion. Robert Higgs has the math to prove it.

Posted on Jan 5, 2011 READ MORE



Flickr / qmnonic (CC-BY)

Obama Signs Big, Pricey Food Bill

The legislation that President Obama signed Tuesday represents the biggest revamp of the country’s food regulation system in decades—that is, if it gets past those congressional Republicans spoiling for a fight as they pledge to crack down on government spending this year.

Posted on Jan 4, 2011 READ MORE



Wikimedia Commons / U.S. House of Representatives

So Much for Bipartisanship

The GOP is mobilizing to make some big changes over the next two years, including but not limited to the following: taking down health care reform, cutting the budget and attempting to oust President Obama from the White House in 2012.

Posted on Jan 3, 2011 READ MORE



Flickr / Leo Lau (CC-BY)

White House Proposes Federal Pay Freeze

Those greedy bureaucrats sending out Grandma’s Social Security check and cleaning the toilets in our national parks finally will get slapped down, thanks to our honest, hard-working politicians. Republican lawmakers ...

Posted on Nov 29, 2010 READ MORE



AP / Iranian Students News Agency / Arash Khamushi

Iran’s Parliament Schemes to Impeach Ahmadinejad

A serious rift has divided the Iranian government in a manner that could be tricky to resolve, as it puts the country’s parliament on one side and its president on the other. On Monday, the news broke that Iran’s parliament had been working on a plan to eject ... (continued)

Posted on Nov 23, 2010 READ MORE


The Earmark Sideshow

The facts about earmarks—and the deficit, for that matter—are so simple that even the dumbest birther should be able to understand.

Posted on Nov 18, 2010 READ MORE



White House

La Vie en Denial

I read “Decision Points” and it turns out that George W. Bush is the Edith Piaf of fiscal policy: He regrets nothing.

Posted on Nov 17, 2010 READ MORE



U.S. Marine Corps / Lance Cpl. Jamean R. Berry

The Imperial Defense of Pentagon Bloat

Beware the sophistry of budget talking points—especially those seeking to deter any criticism of defense spending.

Posted on Oct 14, 2010 READ MORE


A Generation of Termites

The best recent estimates by civil engineers and government experts indicate that we would have to spend well over $2 trillion during the next five years on roads, bridges, airports, railways, transit, sewers, waterways, ports, dams, parks and schools simply to maintain them in decent condition.

Posted on Oct 13, 2010 READ MORE


Bush's budget
AP / Pablo Martinez Monsivais

The Lowdown on Trickle-Down

Not like the truth will make a difference for the folks who watch Fox News, but the nonpartisan Congressional Budget Office has analyzed the short-term effects of extending George W. Bush’s tax cuts for the rich and concluded that doing so would be the least effective way to cut unemployment and spur the economy.

Posted on Sep 11, 2010 READ MORE


The Tax-Cut Hand Grenade

The president’s position that the tax cuts for those making less than $250,000 a year should be extended permanently is fiscally reckless.

Posted on Sep 7, 2010 READ MORE


Let’s Be Honest About Taxes

We need to do something about tax expenditures, those spending programs disguised as tax breaks that cost us close to $1.2 trillion a year.

Posted on Aug 26, 2010 READ MORE



DoD / Cherie Cullen

Despite New Cuts, Obama Will Spend More than Bush on Military

The most important fact in the New York Times report on Defense Secretary Robert Gates’ spending cuts comes 15 paragraphs in, when we learn that the U.S. will still spend more than ever on the military, more than all other countries combined, more than under President Bush. (continued)

Posted on Aug 9, 2010 READ MORE


school scene
AP / Carlos Osorio

$26 Billion for States and Schools

A $26 billion aid package was passed by the Senate on Thursday that aims to ensure that school districts and states do not have to can tens of thousands of teachers and government workers. Just two Republicans crossed the ideological aisle to support the bill, which now heads to the House.

Posted on Aug 6, 2010 READ MORE


Deficit Dope









Posted on Aug 1, 2010 ENLARGE



Photo illustration based on an image by Flickr user cometstarmoon (CC-BY)

The Politics of Stupidity Strike Again

Can a nation remain a superpower if its internal politics are incorrigibly stupid? While we’re at it, does any other democracy have a powerful legislative branch as undemocratic as the U.S. Senate?

Posted on Jul 28, 2010 READ MORE


Pentagon
Flickr.com / mindfrieze

Pressure Is On to Tighten the Pentagon’s Waist

Does the Defense Department’s budget make the Pentagon look fat? Some officials believe so, as political and economic pressure to cut the U.S. military’s bloated spending habit has stirred the first serious debate on the Pentagon’s budget since 2001’s terrorist attacks.

Posted on Jul 23, 2010 READ MORE



U.S. Air Force / Master Sgt. Jeremy Lock

Deficit Doves

Getting out of the red is the new black. Deficit hawks have swooped down on the U.S. budget. This week, they attacked unemployment benefits.

Posted on Jul 20, 2010 READ MORE



boc.ca.gov

Technical Difficulties Bring Luck to Calif. Workers

California’s outdated technical infrastructure has made 200,000 state employees very, very happy. After an injunction by the governor to cut workers pay to the state’s $7.25 minimum wage, the state controller has successfully argued that such pay docking would be impossible given the state’s outdated payroll computer system.

Posted on Jul 16, 2010 READ MORE


The Thing That Ate the WIC Budget

The government’s struggles with infant formula, of all things, offer a broader lesson in how hard it is to take even the most common-sense steps to save taxpayer dollars.

Posted on Jul 13, 2010 READ MORE


Show Us the Money

We could easily slip into another Great Depression if our leaders continue to heed the chattering class on the deficit. But cutting spending is not just bad economics; it’s bad politics, too.

Posted on Jul 7, 2010 READ MORE


After the Recession, Belt-Tightening

This is no time for retrenchment, but the deficit projections coming out of the Congressional Budget Office are alarming and will only get worse if we dawdle.

Posted on Jul 4, 2010 READ MORE


After 41 Years, a Belated Victory for Butter

The last time America found itself in a budget debate pitting domestic priorities against war expenditures, Richard Nixon was in the White House and David Obey was the youngest member of Congress.

Posted on Jun 25, 2010 READ MORE



White House / Pete Souza

Budget Director Calls It Quits

Peter Orszag is resigning his Cabinet-level position and possibly heading to the relative calm of a think tank. Orszag decided to leave before work on the next budget starts in earnest. A successor is likely to be promoted from within the administration.

Posted on Jun 22, 2010 READ MORE


Pentagon
Flickr.com / mindfrieze

The Pentagon’s Spare Parts Problem

As budget hawks continue their attack on spending cuts around the country, it might be useful to look at the Pentagon after a report released Thursday claimed that at least $7 billion in taxpayer funds is being wasted on purchases of spare parts that the military ends up not needing.

Posted on Jun 12, 2010 READ MORE


What Are They Smoking in California?

There is record support for marijuana legalization, as more Americans see the drug war for what it really is. But framing the debate in terms of tax revenue is just bad politics.

Posted on Apr 8, 2010 READ MORE


Rebuilding an American Legacy

The collapse of American infrastructure is a shamefully old story by now, featuring scary statistics that must be updated regularly as the situation worsens.

Posted on Apr 8, 2010 READ MORE



AP / Petros Giannakouris

Greek Financial Crisis Hits Poor

The origins of Greece’s economic crisis lie with the recklessness of the rich, but the consequences are directly affecting the poor: A new poll shows that three-quarters of the Greek population believe that the current plans to cut the country’s budget deficit are “socially unfair.”

Posted on Apr 2, 2010 READ MORE


A-B-C ... PTSD









Posted on Feb 2, 2010 ENLARGE    


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