Posts Tagged ‘ government spending ’

US House kills “unnecessary, extravagant” jet engine

February 17, 2011
posted by

San Francisco Chronicle    

"Tea Party-backed Republicans joined anti-war Democrats in voting to cancel $450 million for a controversial second military fighter jet engine in a rare free-for-all debate Wednesday over how to cut federal spending. Secretary of Defense Robert Gates called the second engine 'an unnecessary and extravagant expense,' but it has been kept alive by members of Congress, including House Speaker John Boehner, R-Ohio, who want to keep jobs in their districts." (02/17/11)

http://tinyurl.com/4l9dsev  

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Across-the-board cuts needed to avoid fiscal Armageddon

February 16, 2011
posted by

Antiwar.com Antiwar.com
by Ivan Eland  

"[D]idn’t Secretary of Defense Bob Gates just announce that he was cutting $78 billion over five years from the Department of Defense’s (DoD) budget? Yes, but only in Orwellian Washington, D.C., is a budget cut actually a budget increase. In reality, to forestall deeper reduction, the cagey Gates offered only to cut planned increases in DoD’s future budgets (excluding funds for the Iraq and Afghanistan wars). Thus, the non-war defense budget will still be increasing from year to year, but at a lower rate than the fictional plan." (02/16/11)

http://tinyurl.com/4atdlvc  

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Obama’s sea of red

February 16, 2011
posted by

Cato Institute Cato Institute
by Michael D. Tanner  

"In the days and weeks leading up to the release of his budget, President Obama and his spokesmen warned us that it would contain 'tough choices' and 'painful cuts.' Having increased government spending by 21.4 percent during his first two years in office, Obama would now be intent on imposing 'fiscal discipline.' Hah! By the administration's own estimates, Obama's $3.7 trillion budget would raise this year's budget deficit to $1.65 trillion, the largest pool of red ink since the end of World War II." (02/15/11)

http://www.cato.org/pub_display.php?pub_id=12786  

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Cut, spend & grow: Can Obama’s “have it all” budget work?

February 14, 2011
posted by

Christian Science Monitor    

"In his proposed 2012 budget, released Monday, President Obama is trying to have it all: * Increased spending in areas the president believes will spur economic growth ... * A five-year freeze in some discretionary spending, plus cuts to some programs (including defense) ... * Tax increases for the oil and gas industries and upper-income individuals .... Taken as a whole, the $3.7 trillion budget proposal would produce a $1.1 trillion deficit for fiscal 2012." [editor's note: Short answer -- NO! - SAT] (02/14/11)

http://tinyurl.com/4nsnrd2  

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Other people’s money

February 14, 2011
posted by

Adam Smith Institute Adam Smith Institute
by Jan Boucek  

"Is there anything more dispiriting to hard-working taxpayers than self-important grandees blithely spending their money without due regard to reality? Two recent examples this past week underscore that other-worldliness: the European Court of Human Rights and the Olympic Park Legacy Company (OPLC)." (02/14/11)

http://tinyurl.com/4lx8e45  

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Republicans, White House brace for twin budget battles

February 13, 2011
posted by

Fox News    

"Republicans looking to make deep spending cuts are girding for twin budget battles in Washington starting this week -- a fiscal fight one lawmaker said will define the rest of President Obama's term. The president plans to unveil his 2012 spending plan Monday, a $3.5 trillion-plus budget which, according to officials, will outline $1.1 trillion in deficit reduction over the next decade. At the same time, Republicans are still trying to cut back this year's spending." (02/13/11)

http://tinyurl.com/676fbet  

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Republicans propose zeroing out CPB funding

February 13, 2011
posted by

Broadcasting & Cable    

"Public broadcasters and their supporters fired back over the weekend following the release of a bill by the chairman of the House Appropriations Committee that would cut out [funding for National Public Radio and PBS television]. The bill is the Republican's version of the continuing resolution that would keep the government operating but take $100 billion out of its budget, including all the funds for the Corporation for Public Broadcasting not already obligated to be spent." (02/13/11)

http://tinyurl.com/4kew6xc  

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All aboard the money train

February 10, 2011
posted by

C4SS Center for Stateless Society
by David D'Amato  

"The reality of the grand plan for high-speed rail, packaged with all of its 'helping hand for the worker' rhetoric, is very much at variance with the Vice President’s statement today. Although a meaningful transference of wealth will accompany this prodigious public works project, it’ll manifest as the same kind of regressive redistribution that the state’s intervention consistently creates. Billions will be siphoned from the average worker, and, sure, some will go card-punching, construction union wage-earners, but on balance the managers will reap the windfall of our contemporary patronage." (02/09/11)

http://c4ss.org/content/6090  

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High speed investments in sacrifice

February 10, 2011
posted by

Authority! Authority!
by Timothy J Taylor  

"Vice President Joe Biden recently announced that $53 billion will be spent by the federal government over the next six years, on top of $10.5 billion already spent, to promote construction of a national high-speed, intercity passenger rail network. The president said in his State of the Union address that he wants to give 80 percent of Americans access to high-speed rail within 25 years. This, apparently is the Obama administration’s answer to cutting federal spending -- Amtrak on steroids." (02/10/11)

http://tinyurl.com/4lxwgr4  

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How deadbeat Uncle Sam can pay!

February 8, 2011
posted by

Freedom's Phoenix Freedom's Phoenix
by David McElroy  

"Uncle Sam has always insisted on strong legal action against 'deadbeat dads,' 'deadbeat taxpayers' and other creditors. Why should Uncle Sam not be subjected to a similar plan to give recourse to the millions of people he defrauded and robbed? Federal funds and assets exist for the taking, that should be returned to 'We the People' who are America!" (02/07/11)

http://tinyurl.com/4ce5sds  

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FL: Scott unveils plan to cut $5 billion in spending

February 8, 2011
posted by

Fox News    

"New Republican Gov. Rick Scott received wild applause from about 1,000 tea party activists when he said the $65.9 billion budget proposal he rolled out Monday would cut government waste and lower taxes. Scott is proposing $5 billion in spending cuts in the next budget year beginning July 1 and another $2.6 billion more the following year." (02/07/11)

http://tinyurl.com/4tru49y  

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Conservative cuts have consequences

February 7, 2011
posted by

Our Future Blog
by Terrance Heath  

"Whatever you may think of him, you've got to give Sen. Rand Paul (R-KY) credit. He said he would present his own budget, and now he's done it. He's even taken to the pages of The Wall Street Journal to defend it, and challenge Republicans and Democrats to: find other places in the budget where cuts can be made, to replace particular programs; consider whether it is worth 'borrowing billions from foreign nations,' to fund programs 'that could be administered better at the state and local level, or even taken over by the private sector.' Paul's challenge underscores the dishonesty of his budget, as well as those proposed by other conservatives." [editor's note: Posted primarily as an example of "progressive" miscommunication - SAT] (02/07/11)

http://tinyurl.com/6g2cxjh  

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Same as the old boss?

January 12, 2011
posted by

John Stossel's Take
by John Stossel  

"So the Republicans took control of Congress. New House Speaker John Boehner declared that 'our spending has caught up with us ... No longer can we kick the can down the road.' He's right about that. Thanks to runaway spending during the last two administrations, the debt our government owes investors now stands at 62% of GDP. But is there any reason to believe that Republicans will reverse the trend? Will this group be more responsible that the previous bunch? I hope so. But I’m skeptical." (01/12/11)

http://tinyurl.com/6gvnxkx  

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Geithner says US insolvent

January 9, 2011
posted by

LewRockwell.Com
by Michael S. Rozeff  

"The U.S. government is insolvent. Who says so? Timothy F. Geithner, the U.S. Secretary of the Treasury." (01/10/11)

http://www.lewrockwell.com/rozeff/rozeff338.html  

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Are the deficits forever?

January 9, 2011
posted by

The American Conservative The American Conservative
by Patrick J. Buchanan  

"To bring the budget even close to balance in half a decade means cutting projected spending for Medicaid, Medicare and Social Security. But any changes here have to be agreed to by Harry Reid’s Senate, and then by Barack Obama, who has a veto that the House Republicans have not a prayer of overriding. And as Obama showed at year’s end when he agreed to a two-year extension of George W. Bush’s tax cuts in return for payroll tax cuts of his own and new unemployment benefits, the White House will exact a high price for Obama’s signature." (01/07/11)

http://www.amconmag.com/blog/2011/01/07/are-the-deficits-forever/  

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No turkey cold enough

January 4, 2011
posted by

The Weekly Standard
by William Kristol  

"I've seen no plausible plan that would enable us to go 'cold turkey' (to use [Michele Bachmann's] term) fast enough or dramatically enough that we could reduce the deficit to zero in a few months -- which is what would be required if Congress were not to authorize an increase in the debt ceiling. If Michele Bachmann has such a plan, she should share it with us." [editor's note: I'm shocked -- shocked -- to hear the neocons screaming like stuck pigs at the prospect of an end to "borrow and borrow, spend and spend, elect an ... er, bomb and bomb" - TLK] (01/03/11)

http://www.weeklystandard.com/blogs/no-turkey-cold-enough_525981.html  

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Turning America around

December 27, 2010
posted by

National Center for Policy Analysis
by Pete du Pont  

"Barack Obama promised to change America, and he did. Federal spending has increased in two years to $3.72 trillion from $2.98 trillion, a 25% increase. The national debt has swelled to almost $14 trillion from $10 trillion in the same period, and the Office of Management and Budget estimates that it will reach $26 trillion by 2020. ObamaCare is moving 17% of the U.S economy from individual choice to government management and direction. Protectionist policies have stopped trade agreements with several countries." (12/27/10)

http://www.ncpa.org/commentaries/turning-america-around  

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Time to rein in federal spending

December 22, 2010
posted by

Future of Freedom Foundation Future of Freedom Foundation
by Laurence M. Vance  

"The debate in Congress over the extension of the Bush tax cuts has obscured the issue of government spending. After all, it is because members of Congress love to spend money that isn’t theirs that we 'need' an income tax to begin with. Government spending is out of control." (12/22/10)

http://www.fff.org/comment/com1012m.asp  

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Binge spending

December 21, 2010
posted by

Fairfield County Weekly
by Phil Maymin  

"Until World War I, America had followed a foreign policy of non-interventionism. Government spending as a percentage of gross domestic product never exceeded ten percent. Then we declared war on Germany. We ate our first pastry. Our government didn’t run amok immediately. Within a few years, government spending had stabilized back to about ten percent of our overall production, but always just a little above. We never dipped below ten percent again." (12/21/10)

 

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Grateful Dead, zoo poetry top 2010 wasteful spending

December 20, 2010
posted by

USA Today    

"A new report by one of the Senate's top watchers of wasteful spending slams $11.5 billion worth of items from 2010. The report will no doubt become fodder for future budget debates. Sen. Tom Coburn's Wastebook 2010 highlights, for instance, $615,000 in federal funds to digitize photographs, T-shirts and concert tickets belonging to the Grateful Dead." (12/20/10)

http://tinyurl.com/23afej8  

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