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Fiscal Policy: Shorn of its accounting gimmicks, the president’s budget isn’t a “balanced” plan to get the debt crisis under control. It’s a monument to fiscal irresponsibility. With much fanfare and a lot of media hype, President Obama unveiled his latest budget plan — two months late. An IBD review of Obama’s budget finds that, among other things, it: • Boosts spending and deficits over the next two years. Obama’s own budget [...] TRENTON — Gov. Chris Christie will expand the state’s Medicaid program to cover 300,000 uninsured New Jersey residents, The Star-Ledger learned today. The governor’s new budget, which he plans to unveil at joint session of the Legislature this afternoon, also relies on state revenue growth of 4.9 percent and delays some property tax rebates for local taxpayers, according to three sources with knowledge of the budget plan who spoke on the condition of [...] Senate Democrats plan to draft a budget blueprint that calls for significantly higher taxes on the wealthy, oil and gas companies and corporations doing business overseas, reopening a battle over taxes Republicans had hoped to lay to rest with the “fiscal cliff.” For nearly four years, Senate leaders have ducked their legal duty to craft a comprehensive budget framework. Now, however, Democrats see the budget process as “a great opportunity” to [...] from Forbes: ongress is killing medical research. The tragedy is that they don’t want to, but they may do it anyway. While the ridiculous posturing about the U.S. budget deficit drags on, seemingly without end, biomedical research in the U.S. is crumbling. Congress’s chronic inability to pass a budget, and especially the delays this year, are deeply damaging the core of our entire biomedical research enterprise: the National Institutes of Health. Outside the beltway, the [...] from Zero Hedge: HOUSE SCRAPS PLAN TO VOTE ON BOEHNER’S TAX `PLAN B’ TONIGHT Absolute total chaos. ES at lows of the days right now. Luckily, at least the debt ceiling is a firm deadline… Sometime in late March. Oh, and goodbye Boehner Read More [...] Lock your doors and load your guns: San Bernardino warned of uncontrollable crime as police squad shrinks A San Bernardino city attorney told residents this week to gather arms and prepare to defend themselves since the bankrupt town can no longer afford the law enforcement it needs. During a city council meeting Wednesday, City Attorney Jim Penman urged residents of the bankrupt Californian city to “lock their doors and load their guns” [...] In a stunning backtrack that virtually guarantees Congress for the third year will be unable to produce a budget, Senate Democrats’ top budget writer Tuesday canceled this week’s expected votes on a 2013 fiscal blueprint. Instead, Budget Committee Chairman Kent Conrad, North Dakota Democrat, said he will use the next few months to try to breathe life into the shelved 2-year-old Bowles-Simpson deficit commission proposal. Mr. Conrad said he wasn’t going to be able to reach a bipartisan agreement on a budget [...] By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, I’m mad as hell again. I just read some bad news that should make every American mad as hell. In fact, two bad news items. First, as a U.S. Marine vet, I got angry reading that there have been more military suicides than war deaths the past decade. Yes, more Iraq and Afghan war vets have killed [...] State workers face pay cuts of up to 10 percent in a revised budget due out next Monday. Sources at state worker unions say Governor Brown warned them about the pay cuts a week ago. But the depth of the cuts – anywhere from eight to ten percent of their paycheck – was news. In a written statement, David Miller with the California Association of Professional Scientists says the 3,000-member union agreed to [...] “SACRAMENTO – State Controller John Chiang today released his monthly report covering California’s cash balance, receipts and disbursements in April, showing monthly revenues came in $2.44 billion below (-20.2 percent) the latest projections contained in the Governor’s proposed 2012-13 Budget. “The task of crafting a credibly-balanced budget has been made more difficult by a nine-month revenue shortfall of $3.5 billion,” said Chiang. “Without a timely, financeable budget plan, the State will be [...] The latest chart from the Republican side of the Senate Budget Committee, showing that under President Obama’s budget plan, debt would be $73,000 per American in 2022: By contrast, debt per person was still an astonishing $33,000 in 2008, at the end of George W. Bush’s term, and $20,000 in 2000, at the beginning of Bush’s presidency. Source: TWS Honda D California substitute plan NAY – 345 YEA 79 No Vote – 8 More politicking in Washington. No matter what happens here, the Senate not having passed a Budget in Senator Reid’s Democrat controlled Senate has long passed 1000 days with no budget passed. The massive yearly increase included in Baseline Budgeting Law required increases goes on and on. We are spending trillions for no good reason except insanity. This spending more than one brings in has [...]
House Democrats on Monday night introduced their 2013 budget plan to compete with the Republicans’ proposal on the chamber floor this week. Sponsored by Rep. Chris Van Hollen (Md.), senior Democrat on the House Budget Committee, the $3.6 trillion proposal is not expected to pass, but nonetheless provides the Democrats with a comprehensive plan to distinguish their policy priorities from those of Republicans this election year.
The proposal adopts much of President [...] Belgium struggling to find two billion euros: report Germans overwhelmingly oppose Greek bailout: poll Get ready for ‘taxmageddon’ at year’s end G20 inches toward $2 trillion in rescue funds Quinn budget plan would cut off funding for 2 retired teachers programs (Illinois) Pensions in danger as companies suffer America’s Slide into Greece Bob Bauman (February 16, 2012) President Obama, in a scandalous show of bad faith and dereliction of his sworn duty, proposed a phony FY 2013 budget plan this week that increases spending from $3.8 trillion in 2013 to $5.8 trillion in 2022. True to his New Deal socialist antecedents, the Obama budget will add to the bloated size and scope of the federal government and the national debt. Each [...] Congressman has effectively been campaigning in the states for four years Steve Watson While Mitt Romney walked home an inevitable victory in the winner takes all Florida primary this week, the Ron Paul 2012 campaign was busy campaigning in Maine and Nevada, where the Congressman’s team has been busy building on a six figure ad buy. Paul’s campaign has a lot riding on Nevada where the Congressman, scheduled to hold a [...] Answer: Whatever he thinks will get him elected: 1. HEALTH-INSURANCE MANDATE: FOR IT: June 2007 2. CAP-AND-TRADE: FOR IT: February 2, 2007 3. CLIMATE CHANGE: BELIEVED IN IT: April 10, 2007 4. PAUL RYAN’S BUDGET PLAN: AGAINST IT: May 15, 2011 5. LIBYA INTERVENTION: FOR IT: March 7, 2011 6. TRYING EN.EMY COMBATANTS IN CRI.MINAL COURTS: FOR IT: November 22, 2005 7. FOOD STAMPS: FOR EXPANDING THEM: 2002.
- elfish Check out the letters the Paul campaign is mailing out in South Carolina Steve Watson GOP contender Ron Paul is on the offensive in South Carolina, targeting Newt Gingrich, who is still favored by a firmly conservative voting population in the The Palmetto State. The Paul campaign has issued a scathing mailout that takes Gingrich to task, labeling the former House Speaker a ‘counterfeit conservative’. Polls indicate that Gingrich still has a [...] Sunshine State News With less than five weeks until Iowa voters hit the polls to kick off the Republican presidential race, the leading candidates in the race unleashed barrages of ads hitting television stations across the country and the Internet. Former Gov. Mitt Romney of Massachusetts unveiled two new ads running in Iowa, which holds the first presidential caucus Jan. 3, and in New Hampshire. The Iowa ad indicates Romney plans to [...] By Kate Gibson, MarketWatch NEW YORK (MarketWatch) — Greece will add a new property tax to austerity measures to help curb its deficit, the cash-short government said on Sunday, according to published reports. Finance Minister Evangelos Venizelos said at a news conference that the property tax would be imposed during the next two years and was approved at a special cabinet meeting that came along with increased [...] PRINCETON, NJ — Americans are more likely to approve of the way President Obama is handling the negotiations to raise the federal debt ceiling than they are to approve of the handling of the situation by Speaker of the House John Boehner or Senate Majority Leader Harry Reid, although opinions about all three are more negative than positive. These results are from a special one night USA [...] |
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