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Tag: Budget

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 READ MORE



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 READ MORE


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 READ MORE


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 READ MORE


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


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Posted on Mar 10, 2009 READ MORE    


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


Redistributionist, and That’s Just Fine

The well-off will pay more in taxes. And before the howling on the right gets too loud, consider that we have just gone through a long era involving a far less frank form of redistribution—upward.

 

Posted on Mar 2, 2009 READ MORE


Obama

Obama Pushes His Budget Plan

In his weekly address, President Barack Obama makes the case for his proposed budget scheme, arguing that while it might rankle the likes of Washington lobbyists, it will deliver on the promises he made during his campaign.

Posted on Feb 28, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Obama’s Budget, Jindal’s Debut

Disagreement abounds on this week’s episode of “Left, Right & Center,” especially when it comes to President Obama’s budget plan and the origins of the economic crisis it’s intended to remedy. Who’s the moderator again? And is Bobby Jindal done for?

Posted on Feb 27, 2009 READ MORE



Flickr / Foraggio Fotographic

At Last, Accepting Some Clues From Across the Pond

We suddenly seem willing to consider sensible ideas that were always deemed unthinkable. Soon we may be mature enough to observe how other developed countries address problems that have baffled us for generations.

Posted on Feb 25, 2009 READ MORE


Government’s Long Night May Be Ending

Obama’s message was plain: The era of bashing government is over. So, too, is the folklore of a marketplace capable of producing abundance without regulation, oversight or public intervention.

Posted on Feb 25, 2009 READ MORE


Bill Redux?

For someone who spent much of the Democratic primary season running against the Clinton era, Obama sounds an awful lot like President Clinton.

Posted on Feb 25, 2009 READ MORE



White House

The President’s Address to Congress

In his first speech to a joint session of Congress, President Obama acknowledged the dire state of the economy, but struck a hopeful tone as he expanded on his vision for recovery. Investments in energy, education and health care will be key, he said, as will an expanded bailout of the financial sector. (Summary, video and full text after the jump)

Posted on Feb 24, 2009 READ MORE



White House / Eric Draper

Schwarzenegger Thought About Ditching the GOP

Arnold Schwarzenegger’s biographer has revealed that the California governor recently thought about leaving the Republican Party, but decided he wouldn’t gain much by doing so, politically. Camp Schwarzenegger has yet to respond, but the news fits, given the governor’s problems working with his own party.

Posted on Feb 24, 2009 READ MORE


Gary Locke
seattlepi.nwsource.com

Obama Takes Another Crack at Commerce

Fourth time’s the charm? Barack Obama’s two official picks to serve as commerce secretary both had to drop out. Another candidate withdrew her name before it was ever announced. Now the president is reported to have offered the job to former Washington Gov. Gary Locke. So who is he?

Posted on Feb 24, 2009 READ MORE


‘Entitlements’ Take a Bum Rap

It is time to wipe the term entitlement reform, a monument to the dark art of disinformation, out of the political dictionary. There is no crisis in Social Security, or even in Medicare and Medicaid.

Posted on Feb 23, 2009 READ MORE


Obama
AP photo / Darin McGregor, Pool

Obama Gets Aggressive on Cutting the Deficit

Despite the fact that he’s looking at a trillion-plus deficit for 2009 as he settles into his second month as president, Barack Obama has plans to cut the annual deficit by half by the time his first term ends.

Posted on Feb 20, 2009 READ MORE



White House / Paul Morse / Pete Souza

Good Money After Bad

Congressional Republicans, with the exception of that embarrassingly shrunken contingent of three moderates, will rue their legacy of deep indifference at a time of true national emergency, one that makes George W. Bush’s far more costly war on terror now seem an absurdly irrelevant exercise.

Posted on Feb 18, 2009 READ MORE



osmoothie.com

California Plans to Fire 20,000 Workers

California has the biggest economy in the union, but the state is in a real hole. With major shortfalls and a $40 billion budget in legislative gridlock, Sacramento has laid off some workers, furloughed others and slashed wages. Now the governor is threatening to, er, terminate 20,000 more employees.

Posted on Feb 16, 2009 READ MORE



AP photo / Petros Giannakouris

Bad News From America’s Top Spy

It turns out that Wall Street, rather than Islamic jihad, has produced our most dangerous terrorists. Just ask the new director of national intelligence, who warned that the deepening economic crisis could trigger a return to the “violent extremism” of the 1920s and 1930s.

Posted on Feb 16, 2009 READ MORE


A Hand on History

President Obama senses that fate has handed him opportunities few presidents ever get, and that his test will be whether he makes good use of his chance to bend history at one of its “inflection points.”

Posted on Feb 15, 2009 READ MORE



Flickr / Jeffrey Beall

Pols Sink or Swim With the Stimulus

President Obama on Tuesday will sign the stimulus bill, which passed without the support of a single House Republican and with only three votes from the GOP in the Senate. With battle lines that stark, lawmakers have tied their fates to that of the bill.

Posted on Feb 15, 2009 READ MORE


A Team of Zombies

Only weeks ago, the political world was buzzing about a “team of rivals,” but instead President Obama has populated his administration with Bush yes-men and Wall Street kleptocrats whose discredited theologies cannot be killed.

Posted on Feb 6, 2009 READ MORE



USAF / Tech. Sgt. Charlein Sheets

Pentagon Propaganda Is Booming

The military’s spin budget—covering recruitment, advertising and public relations—has jumped 63 percent over the last five years, to $4.7 billion, according to a yearlong investigation by the Associated Press. The Pentagon pays nearly as many people to influence public opinion as the State Department has in its entire work force.

Posted on Feb 5, 2009 READ MORE


Barack Obama and Howard Dean
AP photo / Alex Brandon

Howard Dean Should Have Been Obama’s Pick All Along

Now that Tom Daschle has withdrawn his name from the running to be health and human services secretary, President Obama should revisit the idea of nominating former Democratic National Chairman Howard Dean for the position, an idea he abandoned last November for all the wrong reasons.

Posted on Feb 5, 2009 READ MORE


Stimulus Skeptics Wrong (Again)

Mythology is overshadowing history in the debate over Obama’s plan to stimulate the depressed economy. Excessive airtime is devoted to the prejudices of cable hosts and radio personalities who regurgitate ideas they barely understand.

Posted on Feb 5, 2009 READ MORE


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