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Tag: Spending

Rep. Conyers Pushes for ‘Full Employment’ Bill

An 11th-hour deal to end the 16-day partial government shutdown and pull the nation back from the brink of a historic debt default occurred Wednesday night. Rep. John Conyers says the focus on spending and debt is wrong; Congress should pass a full employment bill.

Posted on Oct 17, 2013 READ MORE



VinothChandar (CC BY 2.0)

House Passes Spending Plan That Defunds Obamacare

The House approved a Republican-proposed short-term spending plan Friday that would continue funding the government through mid-December but withhold money for President Obama’s health care law.

Posted on Sep 20, 2013 READ MORE



Glyn Lowe Photoworks (CC BY-ND 2.0)

A Tax Day Plan for Righting the Republic

If we had a government capable of honoring the collective desire for more jobs, smaller deficits, more education funding, reduced reliance on fossil fuels and Medicare and Social Security benefits preserved, our future could be guaranteed at tax time in no time.

Posted on Apr 11, 2013 READ MORE



Flickr/401(K) 2013

Why We Need an Investment Budget

Part of the president’s State of the Union message and a portion of his second term agenda apparently will focus on public investments in education, infrastructure and basic R&D. That’s good news. But how do we fund these investments when discretionary spending is being cut to the bone in order to reduce the budget deficit?

Posted on Feb 12, 2013 READ MORE


Congressional Issues

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Posted on Jan 13, 2013 READ MORE



Flickr/401(K) 2012

How Bad Is Our Debt Problem and Will a Deal Fix It?

President Obama met with congressional leaders Friday in another attempt to avert the fiscal cliff—the automatic tax increases and spending cuts set to take effect Jan. 1 unless Congress can strike a deal. The cuts and tax hikes are so large and so sudden that many economists fear they would plunge the country back into recession.

Posted on Dec 30, 2012 READ MORE



Screenshot

Black Friday Sets Record, Cyber Monday Looks to Follow

It appears the controversial decision by some retailers to start Black Friday sales on Thanksgiving has paid off.

Posted on Nov 26, 2012 READ MORE



InAweofGod'sCreation (CC BY 2.0)

Growth Sputters in the Second Quarter

The marginally growing U.S. economy reduced speed in the second quarter of the year after months of lackluster job creation, threatening the financial well-being of ordinary Americans and deepening the challenge for President Obama’s re-election campaign.

Posted on Jul 28, 2012 READ MORE


Spending

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Posted on May 24, 2012 READ MORE



Pete Souza/The White House

Report: Under Obama, Taxes, Deficit and Spending All Down

Despite what Republicans and the tea party would like to have Americans believe, taxes, spending and the deficit are all lower than when President Obama took office.

Posted on May 16, 2012 READ MORE



davelawrence8 (CC-BY)

Romney’s ‘Loony View About the Economy’

Frugality? Check. Family values? Check. Sound reasoning? Nope. Mitt Romney’s campaign managed to stay true to the concerns of his base while totally botching the logic behind an infographic claiming that President Obama’s management of the U.S. economy is akin to that of a family accountant gone mad.

Posted on Apr 17, 2012 READ MORE



DonkeyHotey (CC-BY)

On Deadline, No Sign of a Debt Deal

Talks between congressional leaders charged with coming up with a plan by Wednesday to cut the national deficit by $1.2 trillion have descended into squabbling and finger-pointing, suggesting that automatic cuts to domestic programs, Medicare and defense spending—rather than a mix of cuts and tax increases—are inevitable. (more)

Posted on Nov 20, 2011 READ MORE



Flickr / cliff1066™ (CC-BY)

Senate OKs Compromise Funding Deal

Senate leaders struck a compromise late Monday on the issue of disaster relief funding that is likely to avert a federal government shutdown, the third such threat this year. (more)

Posted on Sep 27, 2011 READ MORE



Flickr / U. S. Fish and Wildlife Service - Northeast Region (CC-BY)

Disaster Bill Rejection Boosts Likelihood of Government Shutdown

Members of the House passed a disaster aid spending bill early Friday morning, then went home for a weeklong recess. Hours later, the Senate rejected the bill, making the possibility of a government shutdown Oct. 1 a real possibility.

Posted on Sep 23, 2011 READ MORE



AP / J. Scott Applewhite

House Rejects Government Funding Bill

The House of Representatives narrowly rejected  a short-term government funding bill Wednesday evening that would require cuts to government programs to pay for assistance in the wake of Hurricane Irene and other disasters this year. (more)

Posted on Sep 22, 2011 READ MORE


Cost of the War on Terror

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Posted on Jul 3, 2011 READ MORE


Bernanke
AP / Susan Walsh

Bernanke Baffled by Troubling Economic Trends

This is not really the kind of headline we want to read about the Federal Reserve right now, but top banana Ben Bernanke acknowledged at a news conference Wednesday that the Fed was “caught off guard by recent signs of deterioration in the economy.”

Posted on Jun 22, 2011 READ MORE


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



mn.gov

Minnesota Moves to Make the Rich Pay More

Like most states, Minnesota has a big budget problem. But unlike most states, it’s looking to the well-heeled to help fill the gap. Gov. Mark Dayton plans to attack the state’s $6.2 billion deficit by raising taxes on the rich.

Posted on Feb 26, 2011 READ MORE



AP / Pablo Martinez Monsivais

House Votes to Slash Spending

The Republican-controlled House, taking aim at everything from health care to the environment, has voted to cut more than $60 billion from the federal budget.

Posted on Feb 19, 2011 READ MORE


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


window shoppers
flickr/specialkrb

Americans Are Spending Again

Is it good news that U.S. consumer spending revved up to a three-year high in 2010? It could make for some improvement, especially if employment picks up to bolster Americans’ consumption habits in coming months, according to the BBC.

Posted on Jan 31, 2011 READ MORE



Wikimedia Commons

Schwarzenegger Slashes Social Programs

Gov. Arnold Schwarzenegger has taken the ax yet again to California’s social programs, vetoing almost $1 billion in spending on welfare, special education, child care and other programs before signing a budget bill into law.

Posted on Oct 9, 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



Flickr / langalex

Obama Pumps $2 Billion Into Solar Efforts

President Obama announced the award of nearly $2 billion in economic stimulus funds for new solar plants, saying it will create thousands of jobs and boost the use of renewable energy. The announcement came just a day after a gloomy June employment report.

Posted on Jul 3, 2010 READ MORE



Flickr / ICAEW Newsroom

Cutbacks Clip U.K. Anti-Terror Effort

Budget worries are sparking a new debate in Britain, with spending cuts taking aim at police services in what some see as a threat to the country’s anti-terror efforts.

Posted on Jul 2, 2010 READ MORE


ENTER_ALT_TEXT
Flickr / Center for American Progress

Snag in Jobs Bill Could Hit Struggling States

Strapped-for-cash states may be up the creek on this one: A jobs bill has stalled in the Senate, jeopardizing billions in federal aid to struggling states. Local and state officials are warning of layoffs in the hundreds of thousands and drastic spending cuts if the bill is not resuscitated.

Posted on Jun 26, 2010 READ MORE



AP / Gregorio Borgia

Italian Strike Shakes Up Country

Italy’s largest union has launched a nationwide strike, upending public transport and government services in protest over the government’s recent austerity measures.

Posted on Jun 25, 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



Flickr / U.S. Treasury Department

Don’t Count on Us

In the face of the stereotypical image of Americans as free-spending consumers, Treasury Secretary Timothy Geithner has told his international finance colleagues that G20 countries should not rely on American buyers for their products as they travel the road to economy recovery.

Posted on Jun 5, 2010 READ MORE



Flickr / Partido Socialist

Spain Bites the Bullet

As the euro continues to tank and European countries scramble to deal with shrinking economic forecasts, Spain has proposed slashing its spending plans by nearly 8 percent next year as it struggles to deal with financial turbulence.

Posted on May 28, 2010 READ MORE



Wikimedia Commons

Schwarzenegger Plans to Slash Spending

California Gov. Arnold Schwarzenegger is again attempting to eliminate the state’s welfare-to-work program as his Republican administration tries to cut spending while not raising taxes, a move intended to save $1.6 billion at the expense of 1.3 million poor people.

Posted on May 15, 2010 READ MORE



Flickr / LakelandChamber

Small Biz Lobby Suits Up Against Health Care

A national small-business lobbying group has tossed in with 20 states in their legal challenge to the Obama administration’s health care reform law. The mostly Republican push claims the health care overhaul violates states’ rights guaranteed in the Constitution.

Posted on May 15, 2010 READ MORE


Budget Lies Aren’t Helping the Deficit

For 30 years, Republicans and conservative Democrats have precluded factual debates about spending priorities for fear of antagonizing defense contractors, seniors and the wealthy.

Posted on Feb 11, 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


WAR FUNDING$$$!!!!
9-508.com

More Money for War, Through the Back Door

The chairman of the Joint Chiefs, Adm. Mike Mullen, expects the Pentagon to request emergency financing for the wars in Iraq and Afghanistan, a Bush-era tactic that uses “supplemental funding” to flesh out the already massive Pentagon budget to pay for the conflicts.

Posted on Nov 5, 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


The Point of Pointing Fingers

Obama speaks disdainfully of “ideology,” but there comes a time when first principles need to be articulated. Conservatives have entered this fight with guns blazing while progressives have hidden behind a Maginot Line armed only with the word pragmatism.

Posted on Mar 11, 2009 READ MORE


window shoppers
flickr/specialkrb

Recession Chic: Just Another Passing Fad?

As the national economy continues to wreak havoc on many Americans’ lives, even those who remain relatively unscathed by the recession are feeling the need, whether for appearances’ sake or otherwise, to reconsider their spending habits—but will it last?

Posted on Mar 9, 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


book cover

Zachary Karabell on ‘The Case for Big Government’

Jeff Madrick’s new book insists that the anti-government ethos that is a treasured American prejudice is not grounded in the new economic reality. But is he fighting the last war?

Posted on Feb 20, 2009 READ MORE


construction signs
Flickr / jphilipg

Infrastructure Spending Shafts the States That Need It

ProPublica did some digging into the infrastructure spending bundled into the stimulus package—the $100 billion that promises have the biggest impact in terms of job creation—and found that Wyoming is getting more than $20,100 per unemployed worker while Michigan, a state on the verge of a labor apocalypse, is expected to have to make do with just $2,434.37.

Posted on Feb 17, 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


Stronger, Please, Mr. President

Having allowed his Republican opponents to dominate the economic debate, Obama used his first news conference to rebut them—coolly and civilly, yet without leaving any doubt that he can strike back harder if necessary.

Posted on Feb 11, 2009 READ MORE



Wikimedia Commons

Stimulus Survives Senate Pecking

The Senate passed its own version of the stimulus package Tuesday, slashing funding in areas that would most effectively stimulate the economy, such as aid to low-income Americans and states, while expanding tax cuts. The House and Senate bills must now be reconciled with one another.

Posted on Feb 10, 2009 READ MORE


Barack Obama
White House / Pete Souza

Slam the Door on Compromise

Bipartisanship is a cute idea, but with 600,000 Americans losing their jobs in one month, there simply isn’t time to be nice.

Posted on Feb 9, 2009 READ MORE



radaronline.com

TV News Makes TV Look Bad

A survey of stimulus coverage by Media Matters has found that watching TV news may actually shrink your brain. Well, that’s not fair, but it certainly won’t teach you much about stimulating the economy. That’s because the personalities that populate the airwaves—and not just Fox News—are given license to repeat untruths over and over again.

Posted on Feb 9, 2009 READ MORE


GOP Revs Up the Spin on Stimulus

Republicans have been winning the media wars over Obama’s central initiative. They have done so largely by defining the proposal by its least significant parts.

Posted on Feb 5, 2009 READ MORE


Making Him Do It

Intragovernmental squabbling probably makes the conflict-averse Obama uncomfortable. But the “make him do it” dynamic could finally bring the center of Washington’s political debate closer to the progressive center of American public opinion.

Posted on Jan 29, 2009 READ MORE


The GOP’s Soundproof Room

Unbeknown to the House Republicans who voted unanimously against President Obama’s stimulus package, we are in the midst of a rare fundamental shift in American politics.

Posted on Jan 29, 2009 READ MORE


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