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Tag: Budget

Limbaugh Says $250,000 Isn’t Wealthy

For all their talk of deficits, conservatives don’t ever want to pay for them. Rush Limbaugh says people making more than $250,000 a year—who may just have to brace for a tax hike to keep our budget shortfalls somewhere in this galaxy—do not qualify as wealthy.

Posted on Feb 1, 2010 WATCH & LISTEN


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Obama's budget announcement
whitehouse.gov

Obama Announces $3.8 Trillion Budget for 2011

President Barack Obama on Monday announced his proposed 2011 budget, which includes boosted spending for creating jobs and waging wars, a potential tax on big banks, funding for infrastructure on the state and city levels ... and a whopping $1.6 trillion deficit for the fiscal year.

Posted on Feb 1, 2010 READ MORE


Hope in the Deep Freeze

There are many reasons why Barack Obama’s spending freeze, which appears to be nothing more than pandering to the angry right, will not work as policy or politics.

Posted on Jan 28, 2010 READ MORE



White House / Pete Souza

Obama to Propose Spending Freeze

As part of his State of the Union address Wednesday, the president is expected to call for a three-year freeze on non-military, non-entitlement discretionary spending that amounts to a small fraction of the budget. It’s a stunt, for the most part, aimed at soothing budget-conscious independents. (continued)

Posted on Jan 25, 2010 READ MORE


Schwarzenegger
http://gov.ca.gov/

And Now, the California Budget Cuts

What’s to be done about California’s budget woes? Well, Gov. Arnold Schwarzenegger is cutting way back on spending on such superfluous concerns as “health, welfare, transport and the environment,” according to the BBC. But really, this’ll hurt him more than it’ll hurt ... oh, never mind.

Posted on Jan 8, 2010 READ MORE



Flickr / TenSafeFrogs

Liberal Linguist Wants to Save California

The nation’s biggest and richest state has been called ungovernable because, among other reasons, budgets and taxes have to be approved by a two-thirds majority of the Legislature. George Lakoff, the guy who gave us framing, is out to change things. (continued)

Posted on Jan 4, 2010 READ MORE


Decades From Hell: One Down, One to Go

This was, nationally and globally, a lousy decade. I hate to put a damper on your holiday season, but the next one has every prospect of being worse.

Posted on Dec 23, 2009 READ MORE


In Need of a Watchdog on Health Spending

There was a nice, albeit fleeting, moment in the spring when hospitals, doctors, drug companies and insurers came together at the White House, pledging to do their part to get health care costs under control.

Posted on Dec 16, 2009 READ MORE



AP / Charles Rex Arbogast

Kucinich on Obama’s Escalation: Great Speech, Bad Policy

The other “peace candidate” in the 2008 Democratic primary isn’t thrilled with the president’s order to radically escalate the war in Afghanistan, no matter if there’s an exit strategy: “What are we going to learn in 18 months that we haven’t already learned in the last eight years?”

Posted on Dec 1, 2009 READ MORE



AP / Charles Rex Arbogast

Kucinich on Obama’s Escalation: Great Speech, Bad Policy

The other “peace candidate” in the 2008 Democratic primary isn’t thrilled with the president’s order to radically escalate the war in Afghanistan, no matter if there’s an exit strategy: “What are we going to learn in 18 months that we haven’t already learned in the last eight years?”

Posted on Dec 1, 2009 READ MORE


Obama’s Third Way in Afghanistan

The president’s mix-and-match approach to Afghanistan will make no one very happy. Yet it might be the least dangerous choice.

Posted on Nov 22, 2009 READ MORE


Where Are the Real Deficit Hawks?

Save $110 billion, or spend $6.3 trillion? In recent months, tea party protesters and Congress’ so-called fiscal conservatives chose the latter.

Posted on Nov 12, 2009 READ MORE


Obama signs bill
AP / Pablo Martinez Monsivais

Obama Trims (Some) Fat with Weapons Bill

In a move that some are praising as a major victory against the powerful weapons lobby, President Barack Obama was able to cut out several expensive programs, thus cutting down on defense spending, in the new $680 billion dollar military bill he signed Wednesday. However, before we get too excited, let’s be clear here: That’s still $680 billion, after all.

Posted on Oct 28, 2009 READ MORE



Flickr / ThisParticularGreg

A Cruel and Unusual Waste of Money

Executing people is expensive. A new report by the Death Penalty Information Center says California is spending more than 10 times as much on capital punishment—$137 million a year—as it would on an alternative life-without-parole system. New York and New Jersey repealed ...

Posted on Oct 21, 2009 READ MORE


money bags
0-60mag.com

Federal Deficit Hits Record $1.42 trillion

If you thought last year’s federal budget deficit was pretty big, you were right—and it’s three times as big now! Thanks to the magic of the recession, as well as the government’s attempts to rescue various sectors of the economy (and throw money at others, or so it appeared), the deficit for the 12 months ending last month was a whopping $1.42 trillion.

Posted on Oct 16, 2009 READ MORE



Flickr / gregwest98

House Votes to Pay Nation’s Bills, Tosses In a Bit for Itself

The House of Representatives decided it was worth keeping this whole America thing going, and passed a temporary spending bill while lawmakers hammered out the usual long-term budgets. The new funds will help keep the Postal Service afloat and expand House office budgets by 8 percent.

Posted on Sep 25, 2009 READ MORE



California Emergency Management Agency

Homeland Security Spending Marked by Waste, Shoddy Oversight

Records show that communities across California had difficulty managing millions in anti-terrorism grants handed out by Congress after Sept. 11.

Posted on Sep 13, 2009 READ MORE


State Budget Math









Posted on Aug 24, 2009 ENLARGE


Read My Lips: We Need to Raise Taxes

Does President Obama care about passing health care reform that truly gets costs under control and getting the nation’s fiscal house in order or does he care more about getting re-elected?

Posted on Aug 4, 2009 READ MORE



Flickr / kevindooley

Come Rain, Sleet or E-Mail

After losing about $7 billion this fiscal year, the U.S. Postal Service may shut down as many as 700 local post offices. The postmaster general has also asked Congress to approve cutting deliveries to five days a week.

Posted on Aug 3, 2009 READ MORE


Gibbs
AP / Alex Brandon

White House: No Tax Hikes for Middle Class

On Monday, after two of President Obama’s economic sidekicks, Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers, made noises over the weekend about the possibility that middle-class Americans may pay higher taxes in the near future, the White House went into damage control mode.

Posted on Aug 3, 2009 READ MORE



DoD / Cherie A. Thurlby

Blue Dogs: The Special Interest Pets

Fiscal conservative is one of those terms used by politicians of all sorts to describe themselves, without any real justification. That phrase is often used to mislead the public about the priorities and policies favored by those who claim to embody budgetary prudence.

Posted on Jul 23, 2009 READ MORE



Flickr / Kiwi Flickr

California Cuts Budget Deal

Soon California can stop being the butt of jokes—although seriously, Alabama, let’s not point fingers. Party elders in Sacramento have reached an agreement that should balance the budget with $15.5 billion in cuts that will hurt students, the poor, children and the elderly. Republicans, who make up only about a third of the state Legislature, managed to thwart any new taxes.

Posted on Jul 21, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Vetting Sotomayor, Sizing Up the GOP

This week’s show includes two Republicans filling in for Tony Blankley—Mike Murphy and John Henke—making this episode more like “Left, Right, Right & Center,” if you will. Robert Scheer joins them to weigh in about the Sotomayor hearings, the future of the GOP and what to do about the health care conundrum, among other lively topics.

Posted on Jul 17, 2009 WATCH & LISTEN



Flickr / Franco Folini

California Sees Red

Looks like Republicans are going to win out in California’s seemingly endless budget battle, despite holding a minority in the state Legislature. The deal lawmakers are inching toward favors Gov. Schwarzenegger’s desire to make the poor, the elderly and schoolchildren pay for the state’s financial crisis.

Posted on Jul 15, 2009 READ MORE


Benjamins
Wikimedia Commons/Revisorweb

U.S. Budget Deficit Climbs to Over $1 Trillion

America’s spend-a-thon has brought some inevitable consequences, not the least being that we now are looking at a federal budget deficit of more than $1 trillion for the first time ever, and that number is projected to nearly double by October.

Posted on Jul 13, 2009 READ MORE


EKG
ekgpulse.com

Senate Reworks Health Care Proposal

Let’s see if this one takes. After critics blasted an earlier, more expensive version, the Senate Health, Education, Labor and Pensions Committee took another crack at a plan to provide coverage for tens of millions of Americans without health insurance. The latest plan, released Thursday, comes at the lower cost of $611.4 billion, as opposed to the $1 trillion proposal that didn’t go over so well last month.

Posted on Jul 2, 2009 READ MORE


Schwarzenegger
U.S. Army / Staff Sgt. Jim Greenhill

Schwarzenegger Won’t Budge as California Nears Collapse

Gov. Arnold Schwarzenegger vetoed a Democratic proposal to cut $11.4 billion in spending, saying that “the Legislature must solve the entire [$27 billion] deficit ... and must not push the problem off to tomorrow.” With IOUs now a certainty and the state in financial ruin, a prominent Democrat called the governor’s stance “the most irresponsible thing that I’ve seen in my 15 years of public service.”

Posted on Jul 1, 2009 READ MORE



Flickr / denn

California Attacks Budget Crisis With Make-Believe

Unable to agree whether to raise taxes or cut spending, California Gov. Arnold Schwarzenegger and the state’s lawmakers will instead rely on time travel. Sacramento hopes to “save” somewhere around $10 billion by shifting costs to next year’s budget and resorting to other accounting tricks.

Posted on Jun 22, 2009 READ MORE



AP photo / David J. Phillip

A Strapped L.A. Won’t Pay for Laker Parade

Kobe Bryant and the Lakers brought the NBA championship trophy back to Los Angeles and with it cause for celebration, but how can a city struggling to make ends meet justify the traditional $2 million victory parade? By making the team and private donors pay for it.

Posted on Jun 16, 2009 READ MORE



gov.ca.gov

Democrats Aren’t Buying What Schwarzenegger’s Cutting

As if delivering the tagline of his latest movie, California’s governor announced to the state Legislature Tuesday that the “day of reckoning is here.” But Democrats are fighting Arnold Schwarzenegger’s plan to cut funding for schools, the poor and sick children while refusing to raise taxes.

Posted on Jun 2, 2009 READ MORE


California’s Silent Big Spenders

Instead of making the positive case for big government, or at least beginning to explain, let alone defend, what Sacramento does with all that money, California’s political class has instead opted for a four-pronged strategy: deny, scare, attack, then call for higher taxes.

Posted on May 28, 2009 READ MORE


Schwarzenegger
AP photo / Rich Pedroncelli

Stuff the Bankers, Starve the Kids

I expected a federal government that has spent trillions salvaging the banks that got us into this mess to find the relatively minor sums needed to bail out California and other states that have been the victims of Wall Street’s dangerous games. But I didn’t count on the tough-love steeliness of the Obama administration.

Posted on May 26, 2009 READ MORE


Bill Maher

Bill Maher’s California Elegy

The “Real Time” host laments the ballot initiative, which, he says, has made his home state ungovernable: “This is why America’s founders wanted a representative democracy, because they knew if you gave the average guy the chance, he’d vote for a fantasy world with no taxes, free beer and vagina trees.”

Posted on May 24, 2009 WATCH & LISTEN


Left, Right & Center

‘Left, Right & Center’: Is Torture a Partisan Issue?

Former Vice President Dick Cheney has been reasserting himself, for good or ill, in the public sphere this week. President Obama was ready with his own take on torture, aka “extreme interrogation” methods. Is this a media-enabled setup or a legitimate face-off between executive powers past and present?

Posted on May 22, 2009 WATCH & LISTEN


Left, Right & Center

‘Left, Right & Center’: Obama’s Big G-20 Debut, Bigger Budget

Did President Barack Obama achieve anything at the G-20 summit besides showing up and pressing the flesh with other international political players? Tony Blankley isn’t so sure, but Robert Scheer and guest moderator Lawrence O’Donnell are ready with their rebuttals. And how about that ginormous budget plan?

Posted on Apr 3, 2009 WATCH & LISTEN


Capitol dome
Flickr/Sam Ruaat

Senate Gives Budget Plan the Go-Ahead

Although the congressional GOP contingent wanted nothing to do with it, President Barack Obama’s $3.53 trillion budget package made the Senate cut on Thursday evening, passing with a 55-43 vote. 

Posted on Apr 2, 2009 READ MORE



Flickr / cursedthing

House Passes Mega-Budget ’09

Not a single House Republican voted for Barack Obama’s $3.6 trillion budget, but that didn’t stop the Democrats from passing it 233-196. The Senate is on its way to passing its own version, but the real clamor is over whether the final product will end up with reconciliation provisions that would filibuster-proof the president’s health care and energy proposals.

Posted on Apr 2, 2009 READ MORE


The Right’s Twisted Blame Game

Listening to the president’s critics, it would be easy to believe that Obama is responsible for the deficits, bailouts, bonuses, nationalized institutions and careening markets. It would be easy to believe but it’s entirely false.

Posted on Mar 26, 2009 READ MORE


Daring to Utter the T Word

The most significant moment of Obama’s news conference concerned taxes: his defense of proposed limits on the benefits that the well-off get for their charitable contributions and mortgage payments.

Posted on Mar 26, 2009 READ MORE


Inside Bush’s War on Birth Control

A court ruling offers a chilling compendium of accounts by doctors and other FDA professionals who were routinely thwarted as they tried to make the “morning after” pill available, especially to teenagers.

Posted on Mar 26, 2009 READ MORE


Obama’s Fight Against the Politics of Evasion

Critics who argue that he is asking Congress to do too much are finding it far easier to talk about an overloaded system than to tell those without health insurance that they will have to wait a few more years.

Posted on Mar 22, 2009 READ MORE


Deficit
mariopiperni.com / Mario Piperni

Budget Deficit Hits $1.8 Trilly

The current year’s federal budget deficit, according to congressional economists, will top $1.8 trillion, the biggest ever by far. And their projection for the fiscal 2010 budget shortfall is tickling $1.4 trillion, putting both estimates much higher than they were in forecasts back in January.

Posted on Mar 20, 2009 READ MORE


Our Justified Populist Rage

We are at the beginning of a great popular rebellion against those who showed no self-restraint when it came to lining their own pockets.

Posted on Mar 19, 2009 READ MORE


From Frozen Minds, a ‘Spending Freeze’

Things are bad, and very likely to get worse—but the Republicans seem determined to plunge us into a real depression, gambling that catastrophe would return them to power.

Posted on Mar 12, 2009 READ MORE


Wall St. bull
AP photo / Mary Altaffer

Socialism Without a Soul

Newt Gingrich is right: “It is European socialism transplanted to Washington.” How else to describe an economy in which the government controls the entire financial center and is now supplying life support for the auto industry?

Posted on Mar 10, 2009 READ MORE


Practice Course









Posted on Mar 10, 2009 ENLARGE    


If Only Obama Were as Radical as They Say

While conservatives cry socialism, the president is trying to steer a moderate course. Moderation, however, may be the wrong recipe. There is something deeply disturbing about the drip, drip, drip of billions into the banking system with no apparent impact.

Posted on Mar 8, 2009 READ MORE


school scene
AP photo / Carlos Osorio

The Rebirth of Education

A friend of mine, J.M. Zimmerman, once stated that to revitalize our schools, engage our children and ultimately save our planet will require “the death of education and its rebirth.” Sometimes systems are so flawed that they need to be scrapped and replaced rather than fiddled with or fixed. 

Posted on Mar 3, 2009 READ MORE



White House / Pete Souza

America’s New Trajectory

Just six weeks into his term, Obama has opened his bid to redraw the boundaries of our politics and expand the realm of the possible.

Posted on Mar 3, 2009 READ MORE


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