Archive for ‘Spending Cuts’

February 14, 2013

Dems’ Sequester Replacement Meets with Predictable Response

Republican Health Care SolutionsSenate Democrats will soon release a bill to counter massive cuts from the looming sequestration. In short the bill will institute a minimum tax rate for millionaires and eliminate some tax subsidies, specifically those subsidizing crop insurance for large farms, a program the CBO says will cost upwards of $90 billion over the next decade.

Predictably, the Senate’s much criticized minority leader Mitch McConnell, has come out against the proposed bill saying,

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January 17, 2013

Daily Scoop: GW’s Interior Secretary’s New Bathroom Cost WHAT?

KempthorneAs we watch the congressional Republicans demand sacrificial spending cuts for not hobbling the U.S. economy over raising the debt ceiling, the cost taxpayers paid for George Bush’s Interior Secretary’s personal bathroom has come to light.Dirk  Kempthorne, former Idaho governor, served as the Bush Administration’s Secretary of the Interior from 2006 to 2008. It took six years but the bill for his personal restroom renovations has finally been released and it cost taxpayers a whopping $222,000, more than many houses cost.

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September 17, 2012

Boehner’s Misconception of Governance & other Political Missteps

A few events over the intervening week held sway enough to make me ponder aloud, “Does John Boehner truly understand American governance?”; “Are the embassy attacks about US policy?” and “Does President Obama flagrantly advocate abortion?

      Election years are crazy enough with the monkey poo fights that erupt across the political ad-osphere but the complete abandon of facts this time around has sent this season into a tailspin of opportunistic malfeasance as its players seek to rouse emotion at the expense of rationality.

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September 4, 2012

Economy Worse Under Obama?

It’s been said before, many times in fact, but Senator Chuck Grassley’s recent reassertion that, “It [the economy] has gotten worse under Obama” continues to be a head scratcher for those with memories that span beyond the latest cable news cycle. The repetitious Republican talking point has indeed become fact for many who loyally follow the conservative platform yet for many others the drumbeat message eventually makes them ask themselves, “Has the economy really gotten worse under President Obama.”

The short answer is, “Yes,” but the the more insightful, pragmatic answer is, “No.” It’s confusing, I know, but bear with me while I hash out an explanation.

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May 26, 2012

In the Event of Austerity…”BREAK GLASS”

via #ThinkProgress (@nytimes)

May 8, 2012

Daily Scoop Xtra: Ryan Budget May Cut Economic Data

Starting in the early 1990s, the U.S. Census Bureau asked Congress for extra funding each year so it could better analyze the services sector, which was quickly replacing industrial activity as the biggest driver of the U.S. economy. In 2003 the bureau requested more funding to survey financial, real estate, and other companies on a quarterly basis, rather than wait to take their pulse with its Economic Census, which gathers data on business every five years.

Every year, Census asked for the extra funds; every year, Congress denied them the money, leaving the Census Bureau largely blind to the health of a sector that made up more than half the total economy.

Finally, in early 2009, after the real estate-fueled financial crisis, Congress gave Census what it had been asking for—an extra $8.1 million. In the view of many, it was too late.

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May 7, 2012

French Reject Austerity; Are US Republicans Listening?

This past weekend French voters denied their incumbent president Nicolas Sarkozy reelection  in a resounding rejection of austerity policies which have kept European economic recovery out of reach. In arrant disavowal of this message and mounting real world evidence to the contrary, Republicans in the U.S. continue their own pursuit of spending cuts policy.

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April 16, 2012

The Daily Scoop Xtra: Romney to cut Depts of Ed & Housing

While Mitt Romney and his wife Ann revel in the “gift” that was Hilary Rosen’s comment about stay-at-home moms and the presidential candidate’s attempts turn the “war on women” around on the Democrats by asserting more women lost jobs under Obama, he fails to comprehend the impacts of those government cuts on the very voting block he’s attempting to attract. Cuts in the Departments of Education and Housing & Urban Development will result in additional job losses for women who have already suffered from previous cuts in education, primarily teaching, and civil services. Additionally, Mr. Romney does not appear to consider what further cuts in Department of Education budgets will do to the growing problem of student loan debt. Significant cuts in department funding will reduce grant and loan funds available to students amidst rising tuition rates, requiring them to borrow more from private lenders with higher interest rates.  

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February 11, 2012

The Daily Scoop: Romney’s severely conservative budget promises

This article from the Washington Post is the second analysis of the fiscal plans Mitt Romney would implement should he be elected to occupy the White House. The first examination of his previously released plan by the Tax Policy Center was posted here on January 7th. The results were not altogether positive.  Unfortunately, for the presidential candidate, these more recent federal budget ideas unveiled at the 2012 CPAC conference did little to alleviate concerns for their viability, according to the Center on Budget and Policy Priorities findings.

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December 2, 2011

8.6% Unemployment: Are we allowed to enjoy it?

 An exuberant, yet tempered, cheer was most likely heard emanating from the Oval Office today as the latest jobs report was released confirming a significant drop in unemployment to 8.6%, its lowest point since March 2009. The short-lived excitement gave way, though, as realization of the 13.3 million still unemployed Americans set in and as the critic-spun negatives began overshadowing the initial positives.

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