Tag Archives: Budget

Out of Control Spending

The federal budget deficit has decreased to it’s lowest level since 2007 thanks primarily to economic growth. Furthermore, the federal government also posted a larger surplus, beating most estimates. via Bloomberg Treasury Secretary Jacob J. Lew said the fiscal improvement … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Economy | Tagged , | 6 Comments

The Path to Poverty 5.0: Return of the Block Grant and Other Insanities

Converting a crucial aspect of our healthcare system into a block grant was a terrible idea when Paul Ryan proposed doing so for Medicaid, and apparently the took the feedback he received from that and is now proposing that we … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Environment | Tagged , , , | 11 Comments

Serious Business

Artist – John Cole In other news, the Treasury Department recorded a budget surplus of $71 billion for the month of June. Meanwhile, Senator Marco Rubio is back to supporting his own immigration bill again. Maybe. Let’s see if this … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Open Thread | Tagged , , , , | Leave a comment

House GOP Demands More Spending…

…for deportations. House Republicans have formally rejected spending levels sought by President Obama that would have cut the Department of Homeland Security’s budget by 3 percent. Why? Because we need to keep the brown people out. “This bill rejects the … Continue reading
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Posted in Immigration | Tagged , , , , | 3 Comments

Out of Control Spending

Actually, the federal government had a significant budget surplus during the month of April; the largest since 2008. WASHINGTON (MarketWatch) — The federal government had a budget surplus of $114 billion in April, the Congressional Budget Office estimated Wednesday. That … Continue reading
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Posted in Economy | Tagged , , | 8 Comments

House Bill Cuts Transit, Housing Assistence

House Republicans have unveiled their version of the transportation, housing and urban development (THUD) appropriations bill and, not surprisingly, it cuts funding by nearly $2 billion. The bill cuts TIGER grants, a favorite of many lawmakers, by $500 million to … Continue reading
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Posted in Economy, Transportation | Tagged , , | 3 Comments

Ryan Will Help The Poor by Hurting Them The Most

The Center on Budget and Policy Priorities has taken a slightly deeper look at the latest iteration of Paul Ryan’s Path to Poverty fantasy budget and found that it is indeed a heaping pile of crap. CBPP: Some 69 percent … Continue reading
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Posted in Economy | Tagged , , | 3 Comments

The Series Finale of Paul Ryan’s Path to Poverty

If House Budget Committee Chairman Paul Ryan (R-WI) has his way, this will be the last year he sits on the Budget Committee as he has his sights set on chairing the Ways and Means Committee. That means the latest … Continue reading
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Posted in Economy | Tagged , , , | 1 Comment

How Michigan Lawmakers Bankrupted Their Own Cities

Cities in the state of Michigan, especially likes of Detroit and Flint, are typically held up as beacons of mismanagement or corruption, but they didn’t arrive at their current predicament on their own according to a new report from the … Continue reading
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Posted in Economy | Tagged , , , | 5 Comments

Playin’ Politics

Artist – Jeff Darcy House Republicans are preparing to sacrifice blue collar workers with good paying jobs on the alter of weapons programs that the military doesn’t even want or need. Six House Republicans have proposed legislation that would cut … Continue reading
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Posted in Congress, Open Thread | Tagged , | 2 Comments

Out of Control Spending

According to the Congressional Budget Office the federal budget deficit will fall to it’s lowest level as a share of the economy since 2007 during this fiscal year. AP WASHINGTON (AP) — A new report released Tuesday says the government’s … Continue reading
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Posted in Economy | Tagged , , | 4 Comments

Ryan: The Way to Raise Revenue is Through Osmosis

House Budget Committee Chairman Paul Ryan has already stated that he will not support new revenue, but now he’s saying that even discussing the issue of taxes during the coming budget conference may produce an impasse. RYAN: “Taking more from … Continue reading
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Posted in Congress, Economy, Taxes | Tagged , , , | 10 Comments

Meanwhile, John Boehner Debuts Ransom Demands

USA Today published a column written by John Boehner yesterday wherein he calls for spending cuts in exchange for raising the debt ceiling, and he left a few things out. The Congressional Budget Office tells us that the federal government … Continue reading
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Posted in Congress | Tagged , , | 7 Comments

Congressional GOP Pull One Bill, Filibuster the Other, Go On Vacation

House Republican leadership pulled the THUD bill, an appropriations bill for the departments of Transportation and Housing and Urban Development, from the floor of the House yesterday because it didn’t have enough support to pass from either party. Today, Senate … Continue reading
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Posted in Congress | Tagged , , , | 1 Comment

Kill It With Fire

Based on the latest findings from the Congressional Budget Office, the president’s latest budget proposal may signal an end to the “balanced approach” he has advocated for the past several years as it relies primarily on new taxes to reduce … Continue reading
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Posted in Economy, President Obama | Tagged , , , | 4 Comments

GOP Refuses to Even Debate the Federal Budget

Senate Republicans are quietly killing the chance that anything other than continuing resolutions will be used to fund the government for the foreseeable future. Senator Ted Cruz kicked things off yesterday. Senate Majority Leader Harry Reid (D-NV) slammed Texas Sen. … Continue reading
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Posted in Congress, Economy, Senate | Tagged , , , | 8 Comments

Framing the President’s Budget

I don’t approve of framing this as winners vs losers because that’s an oversimplification, but I do believe Ezra Klein at the Washington Post has a decent summary of what is and isn’t included in President Obama’s budget proposal. You’ve … Continue reading
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Posted in Congress, Economy, President Obama | Tagged , | 8 Comments

They Aren’t Serious

We may take for granted the idea that the GOP is hyper-focused on cutting the federal budget and such infamous boondoggles as loan guarantees for the energy industry, but they aren’t. Rep. Mike Kelly (R-Pa.) was assigned to write legislation … Continue reading
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Posted in Congress, Fast and Furious, Wingnuts | Tagged , , , | 2 Comments

The Path to Poverty is Back

Congressman Paul Ryan claims that we’re “not going to refight the past,” but that’s clearly what he has in mind as he proposes his most comical budget yet. It has it all – tax cuts for the rich, repealing the … Continue reading
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Posted in Epic Fail | Tagged , , , , , , | 3 Comments

Your Weekly Reminder: John Boehner Got “98 Percent” of What He Wanted

This may or may not be the last time I need to remind you that John Boehner got “98 percent” of what he wanted, but after he appeared in front of the press today to demand that the Senate “get … Continue reading
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Posted in Congress | Tagged , , , | 8 Comments