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Continuing the Saga of the Governor's Tax-and-Cut Budget
7 hours ago ago from WashACE Blog
I missed a few editorials and stories over the weekend, but the governor s all cuts budget, which she hopes to morph into a tax and cut budget next month, continues. Jerry Cornfield writes in the Everett Herald mines the revenue departments shopping lis t of taxes for an idea of what we might expect. Here s my nomination for quote of the day from his story. “There s no idea too harebrained for us to thinkabout,” said state Sen. ...
Related contentBaron Hill Continues to Vote With Leadership, Against Blue Dog Democrats
13 hours ago ago from Frugal Hoosiers
It must be liberating to be Baron Hill these days. After nearly a decade of pretending he is a frugal Hoosier, he's finally decided to embrace his big-spending attitude. We missed it last week, but on Thursday, House Democrats passed a pork-laden, deficit-swelling spending bill . WASHINGTON Capitol Hill Democrats are muscling through a deficit-swelling spending bill, giving domestic programs their third major boost this year and ...
Related contentBipartisan budget group says deficit curbs needed
4 hours ago ago from Money World News
A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to reining in trillion-dollar plus budget deficits to avoid dragging down the economy. Policymakers must take steps next year to enact policies to stabilize the debt at 60 percent of the size of the economy to avoid higher interest rates or crisis in global markets with disastrous implications for the U.S. economy, ...
Related contentCut, Cut, Cut
8 hours ago ago from John Swanagon's Blog
The United States budget is a joke and an embarrassing one at that. This morning, I read a number of articles regarding the latest spending bills. What struck me the most is the across-the-board increases in spending. With high unemployment continuing to persist, our government can expect less revenue. Yet, we are increasing spending while decreasing revenue. If that isn't the very definition of insane, I don't know what is. We, as ...
Related contentDems fight to keep confiscating assets of the dead
7 hours ago ago from Estate of Denial
The Tax That Won't Die Democrats are afraid to let the estate tax rate hit zero. December 11, 2009 The Wall Street Journal http://online.wsj.com/article/SB10001424052748703558004574579932066655144.html In less than three weeks, the hated death tax is scheduled to expire—with the rate falling from 45% to zero for 2010. Then the tax will be resurrected in 2011 at a rate of 55%. This bizarre policy dates back to 2001 when Democrats ...
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The Caucus: Create Jobs? Reduce Deficit? Obama’s Political Quandary Grows
21 hours ago ago from The New York Times
On the gargantuan budget deficit, the first problem for Democrats is political: voters fear overspending but want action to create jobs, which costs money. Blog The second problem is economic. Curbing the deficit now, under Keynesian theories that Democrats still embrace, might crimp recovery from the Great Recession. The third problem is scale. Trillion-dollar deficits are not just unprecedented; they are ...
Related contentBipartisan Budget Group Says Deficit Curbs Needed : NPR
10 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Bipartisan Budget Group Says Deficit Curbs Needed by The Associated Press text size A A A WASHINGTON December 14, 2009, 12:34 pm ET A bipartisan group of ...
Related contentDemocrats clear spending bill in Senate
1 day ago ago from Washington Post - U.S.
The Senate cleared for President Obama's signature on Sunday a $447 billion omnibus spending bill that contains thousands of earmarks and double-digit increases for several Cabinet agencies, the latest target for Republicans seeking to make growing federal deficits a focal point of the 2010 elections. The House may vote this week to raise the federal debt ceiling by at least $1.8 trillion, as the current limit is set to be breached by New ...
Related contentJohn R. Bohrer: Lieberman, Republicans and Why Change Still Means Something
7 hours ago ago from Huffington Post
In case you needed any more proof that Senator Joe Lieberman wants only to slow down and kill health care reform, Greg Sargent has the smoking gun. In a September interview with the Connecticut Post , Lieberman whole-heartedly endorsed the Medicare buy-in, which he now says is the reason he cannot support health care. This is the latest in a long list of excuses he's found to stall the Democrats' signature legislation of the 111th Congress. ...
Related contentObama, Democrats waiting for Nelson on health care
19 hours ago ago from U.S. News
Obama, Democrats waiting for Nelson on health care WASHINGTON (AP) -- Sixty seconds in a minute, 60 minutes in an hour, and it takes 60 senators to overhaul the nation's health care system. Sen. Ben Nelson, who has collected hundreds of clocks, is the Democrat making everybody wait for the answer to the burning Washington question: Will he be the last vote that Senate Majority Leader Harry Reid gets to advance President Barack Obama's ...
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