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Tag: Budget Crisis


L.E.MORMILE / Shutterstock.com

Imagine Christie’s Budget Crisis on a National Scale

Two key decisions by the New Jersey governor have redistributed wealth from pensioners to hedge fund managers while throwing the state’s finances into chaos.

Posted on May 23, 2014 READ MORE



White House/Pete Souza

Obama: Sequestration Is ‘Dumb,’ It’s ‘Going to Hurt’ but ‘We Will Get Through This’

Braced for automatic budget cuts that he described as “dumb” and painful, the president said Friday, “I’m not a dictator” and “if Mitch McConnell or John Boehner say ‘I need to go to catch a plane,’ I can’t have Secret Service block the doorway, right?”

Posted on Mar 1, 2013 READ MORE



Curious Expeditions (CC-BY)

Budget Crises Put an Expiration Date on Death Row

At least five states are considering getting rid of the death penalty, but the possible repeals have nothing to do with ethics. A study has shown that executions cost taxpayers three times as much as putting an inmate away for life, and budget shortfalls are making even capital punishment hawks doubt the sensibility of their position.

Posted on Dec 28, 2011 READ MORE



Flickr / DVIDSHUB

John Boehner Hits the Skids With Tea Party

House Speaker John Boehner’s battle for budget cuts has not won him many points with the cost-conscious tea party, particularly in light of a Congressional Budget Office study that indicates the latest spending bill will not cut the deficit nearly as much as advertised.

Posted on May 17, 2011 READ MORE



Flickr / Boss Tweed Some rights reserved

Bloomberg: Bye-Bye Teachers

New York Mayor Michael Bloomberg has announced that his city does not have the tax revenue needed to continue paying some 6,000 of its teachers.

Posted on May 6, 2011 READ MORE



Creative Commons / Neon Tommy

The Casualties in California’s Budget War

The University of Southern California’s Neon Tommy takes a close look at the people, services and institutions that stand to lose the most in California’s ongoing budget fiasco. (more)

Posted on Apr 27, 2011 READ MORE


ENTER_ALT_TEXT
Flickr / William van Bergen

Moving to Run California ‘More Efficiently’

On a desperate mission to save California from a $24 billion budget gap, a legislative committee voted to eliminate both the Secretary of Education office, a whopping $2.2 million endeavor, and the Office of Planning and Research ($50 million), while the Waste Management Board, stuffed with ex-lawmakers with six-figure salaries, would see its responsibilities enhanced.

Posted on Jun 4, 2009 READ MORE


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