Posts Tagged ‘ government spending ’

Obama’s budget proposal portends more problematic micromanaging by OCR

February 5, 2015
posted by

Foundation for Individual Rights in Education Foundation for Individual Rights in Education
by Susan Kruth  

"Given recent oversteps by the Department of Education's Office for Civil Rights (OCR), FIRE was dismayed to learn of President Obama's proposal to increase OCR's funding by 31 percent -- to 131 million dollars -- for 2016. According to The Chronicle of Higher Education, this would allow OCR to hire 210 additional full-time employees to join its current staff of 544, for a total of 754 employees. As Competitive Enterprise Institute (CEI) senior attorney Hans Bader, who used to work for OCR, argued in a post on CEI's blog yesterday, OCR has already done significant damage and should not be rewarded for hurtling beyond the bounds of its authority." (02/05/15)

http://tinyurl.com/kkqlwhe  

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Obama’s “mindless austerity”

February 5, 2015
posted by

Cato Institute
by Michael D Tanner  

"In announcing his $3.999 trillion budget proposal for FY 2016, President Obama said that he was putting an end to 'mindless austerity' in federal spending. In response to which, one wants to ask, 'What color is the sky on his planet?' There has been no austerity, mindless or otherwise, during the Obama presidency (or, for that matter, the Bush presidency before that)." (02/04/15)

http://www.cato.org/publications/commentary/obamas-mindless-austerity  

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Obama’s 2016 federal budget and middle class economics

February 4, 2015
posted by

Clyde Wayne Crews Competitive Enterprise Institute
by Clyde Wayne Crews  

"In January, the Congressional Budget Office (CBO) projected federal spending to return to $4 trillion by 2017. Spending had topped $4 trillion back during the height of the downturn, when America was in full-stimulus mode, pouring money into 'shovel-ready' projects and infrastructure. President Barack Obama doesn't want to wait; his just-released federal budget proposal for FY 2016 seeks $3.999 trillion in spending." (02/02/15)

http://tinyurl.com/q44pz72  

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History in the balance: Why Greece must repudiate its “banker bailout” debts and exit the euro

February 4, 2015
posted by

David Stockman LewRockwell.com
by David Stockman  

"Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment. For its part, Greece stands at a fork in the road. Syriza can move aggressively to recover Greece's democratic sovereignty or it can desperately cling to the faltering currency and financial machinery of the Euro zone. But it can't do both." (02/04/15)

http://tinyurl.com/nyyx6nw  

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Sequester the empire

February 4, 2015
posted by

Justin Raimondo Antiwar.com
by Justin Raimondo  

"The fake debate over the misnamed 'defense' budget underscores everything that's wrong with our foreign policy, our political system, and the crooks who rule the roost in Washington. This Washington Post piece on the politics surrounding the issue tells us everything we need to know about how the political class -- and its journalistic camarilla -- operates. Although the authors cite a figure -- $561 billion -- nowhere do we read that this is an all-time high. Yet that's just the beginning of what's wrong with Washington. In any debate, one would reasonably expect the two sides to disagree, but not in this case. Both the President and his Republican opposition agree that the military budget must be radically expanded -- and that the Congress needs to break its own sequestration law in order to do it." (02/04/15)

http://original.antiwar.com/justin/2015/02/03/sequester-the-empire  

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Budget balloon

February 4, 2015
posted by

The Cagle Post
by Nate Beeler  

Cartoon. (02/02/15)

http://www.cagle.com/2015/02/budget-balloon/  

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With an eye on Mars, White House seeks to boost NASA funding

February 3, 2015
posted by

Christian Science Monitor    

"The White House budget proposal for NASA in 2016 calls for a $500 million boost over the 2015 enacted budget and would keep NASA on its path to Mars, NASA chief Charles Bolden says. The $18.5 billion budget request, presented by Bolden today (Feb. 2), includes funding for developing a mission to Jupiter's moon Europa, and the agency's asteroid redirect mission (ARM). Officials think ARM could help pave the way for crewed missions to the Red Planet by the 2030s." [editor's note: Hopefully free-market spacers will get to Mars before Earth's governments do. And then politely but firmly un-invite those governments - TLK] (02/03/15)

http://tinyurl.com/lwpfvn3  

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Obama to propose $3.99 trillion budget

February 2, 2015
posted by

USA Today    

"President Obama is unveiling a $3.99 trillion budget that is 'designed to bring middle class economics into the 21st Century,' the White House announced Monday. ... Monday's proposed budget also calls for ending the automatic spending limits known as sequestration, the result of the 2011 stand-off over the debt limit. The plan calls for 7% increases over sequestration limits for national defense [sic] and domestic programs, according to the White House. ... The projected deficit for Obama's proposed budget is $474 billion, which officials said is only [sic] 2.5% of the gross domestic product." (02/02/15)

http://tinyurl.com/nc4ge4d  

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How reducing GDP increases economic growth

January 13, 2015
posted by

Joseph T. Salerno Mises Canada
by Joseph Salerno  

"Now it is certainly true that a reduction in real government spending causes a reduction in real GDP, as it is officially calculated. But contrary to Mr. Klein, the reduction in government spending does not retard the growth of production of goods that satisfy consumer demands and, in fact, most likely accelerates it. In addition, real incomes and living standards of producers/consumers in the private sector rise as a direct result of the decline in government spending. The reason for this seeming paradox lies in the conventional method used to calculate real output in the economy. Let me explain with a simple example." (01/12/15)

http://tinyurl.com/qfzesej  

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Welcome back, big spenders

January 8, 2015
posted by

Michael D. Tanner Cato Institute
by Michael D Tanner  

"The new Republican-led Congress has barely been sworn in, yet there are already troubling signs that Republicans are slipping back into their big-spending ways." (01/07/15)

http://www.cato.org/publications/commentary/welcome-back-big-spenders  

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Stop the outrageous spending

December 15, 2014
posted by

Heartland Institute Heartland Institue
by Jesse Hathaway  

"At some point between Thanksgiving and December 1, the federal government made history, as the value of outstanding U.S. Treasury securities exceeded $18 trillion -- that’s an 18 with 12 trailing zeroes. At some point, such numbers begin to lose their meaning because the amounts exceed most people’s ability to comprehend. The abstraction of such numbers, in turn, makes it difficult to understand just how gigantic a problem the national debt is. However, using tangible objects to represent the magnitude of the debt can help solve that problem." (12/14/14)

http://blog.heartland.org/2014/12/stop-the-outrageous-spending/  

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Shutdown theater (off-off Broadway follies)

December 15, 2014
posted by

Thomas L. Knapp Center for a Stateless Society
by Thomas L. Knapp  

"It’s surprising what passes for high political drama these days. After a DC dust-up similar to, but neither as exciting as watching paint dry nor as convincing as professional wrestling, the US House of Representatives passed a $1.1 trillion 'Cromnibus' bill to fund the federal government through September 2015, passing it on to the US Senate, which most expect it (as I write this) to pass as well. Why does the whole thing fail as theater? Two reasons: First, it lacks the true conflict essential to a good yarn. ... Secondly, the stakes are too low." (12/12/14)

http://c4ss.org/content/34098  

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Shutdown theater: US House narrowly passes spending bill

December 12, 2014
posted by

Chicago Tribune    

"The House of Representatives averted a government shutdown [sic] on Thursday, narrowly passing a $1.1 trillion spending bill despite strenuous Democratic objections to controversial financial provisions. The vote followed a long day of drama and discord on Capitol Hill that highlighted fraying Democratic unity and featured an uneasy alliance between President Barack Obama and House Speaker John Boehner, enemies in past budget battles but on the same side this time in pushing for passage." (12/12/14)

http://tinyurl.com/qc69t2z  

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DC: Politicians reach “deal” to steal/borrow and spend $1.1 trillion

December 10, 2014
posted by

The Washington Post Washington Post    

"Congressional leaders have reached agreement on a massive $1.1 trillion spending agreement that will keep most of the federal government funded through next September. Months of protracted negotiations between Democratic and Republican leaders concluded on Tuesday night, with passage expected in the coming days, according to top aides. Final details of the bill were still being sorted out and leaders were still mulling whether to approve a stopgap bill to give lawmakers a few more days to pass the final bill and avoid a government shutdown.

http://tinyurl.com/lchh8tu  

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Is it “game over” for Ukraine?

December 9, 2014
posted by

Richard W. Rahn Cato Institute
by Richard W. Rahn  

"Ukraine will likely go bankrupt within the next few months. This past Friday, it was reported that the country has less than $10 billion in foreign-currency reserves. My sources (who have been spot on the Russian/Ukrainian situation over the last couple of years) tell me the situation is actually worse than the official reports in that Ukraine is now losing foreign reserves at a rate of $3 billion a month and that rate is accelerating. Even worse, some of the reserves may be 'illiquid' -- which likely means they have already been spent or even stolen." (12/08/14)

http://www.cato.org/publications/commentary/it-game-over-ukraine  

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US House rebukes Obama over immigration actions; spending fight looms

December 4, 2014
posted by

Fox News Fox News    

"House Republicans voted Thursday to block President Obama's immigration executive actions, though it was unclear whether the largely symbolic step would be enough to prevent a risky budget stand-off next week. The House voted 219-197 for the bill, by Rep. Ted Yoho, R-Fla., that declares Obama's actions 'null and void and without legal effect.'" (12/04/14)

http://tinyurl.com/o9plakp  

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The CR charade

October 2, 2014
posted by

Michael D. Tanner Cato Institute
by Michael D. Tanner  

"The Congressional Budget Act of 1974 requires Congress to act on appropriation bills by June 30 of each year, although there is no enforcement mechanism if that deadline is missed. More realistically, then, Congress is supposed to act before the start of the new fiscal year, October 1. Yet Congress has not passed all twelve appropriation bills since 1994. This year, in fact, Congress passed exactly none." (10/01/14)

http://www.cato.org/publications/commentary/cr-charade  

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Zombie spending

September 25, 2014
posted by

Michael D. Tanner Cato Institute
by Michael D. Tanner  

"Aficionados of horror movies know that the monster is never really dead when you think it is. It may be down, but it will inevitably climb back from the dead at least one more time before the final credits. So it is with government programs. No matter how outdated, useless, wasteful, or redundant programs may be, they come as close to immortality as possible." (09/24/14)

http://www.cato.org/publications/commentary/zombie-spending  

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Tax reform is useless without spending reform

May 21, 2014
posted by

Ron Paul Campaign for Liberty
by Ron Paul  

"Recently, Republican leaders in Congress unveiled a 'tax reform' plan that they claimed would provide the American people with a simpler, fairer, and more efficient tax system. While this plan does lower some tax rates and contains some other changes that may make next April a little less painful for Americans, there is little in it to excite supporters of liberty." (05/19/14)

http://tinyurl.com/occ5lj5  

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Greece: Samaras says regime won’t seek more bailout money

May 6, 2014
posted by

New Orleans Times-Picayune    

"Greece's prime minister says the debt-strapped country will not ask for any additional bailout money and hopes to begin abolishing austerity taxes later this year. In an interview with private Antenna television, Antonis Samaras said Tuesday that Greece would not seek additional support beyond the 240 billion euros ($335 billion) already granted in bailout packages from other euro zone countries and the International Monetary Fund." (05/06/14)

http://tinyurl.com/m3ns7d2  

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Tax collectors for the warfare state

April 21, 2014
posted by

Reason Reason
by Jon Basil Utley  

"Ryan’s fantasy budget, passed by a large majority of those once cost-cutting House Republicans, is based upon the falsehood that he can commit future congresses to cut $3 trillion (over 10 years) from Obamacare and make changes to Medicare. Ryan was a big Iraq war fan, and he now supports the John McCain/Lindsay Graham war hawk wing of the party. He would increase military spending by some $50 billion per year starting in 2015, eliminating the savings of the defense sequestration plan passed last year by congress." (04/19/14)

http://tinyurl.com/mmplnyg  

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Obama’s new budget will hamper energy job creation

April 10, 2014
posted by

Hawaii Reporter
by Jack Gerard  

"President Obama just unveiled his FY2015 budget proposal. His plan includes hefty new taxes on job creators. Much of this burden will fall on the energy industry, which has proven to be a particularly powerful engine of new employment in recent years. Indeed, the oil and natural gas sector now supports 9.8 million jobs. Yet the Obama budget slaps it with $100 billion in new taxes over the next decade -- that's about 10 percent of all of the new tax revenue his package would generate." (04/09/14)

http://tinyurl.com/q2dlnhm  

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I agree with Sarah Palin

April 4, 2014
posted by

Thomas L. Knapp KN@PPSTER
by Thomas L. Knapp  

"Ryan's budget proposal increases spending for the next two years. Then, based on rosy revenue projections and the silly notion that subsequent congresses will consider themselves bound by Paul Ryan's plan (when in fact he won't even consider himself bound by it if he's still in Congress three years from now), it supposedly takes eight more years to [balance the budget]. Sound familiar? It's the thing the Republicans offer up every year." (04/03/14)

http://knappster.blogspot.com/2014/04/i-agree-with-sarah-palin.html  

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Ryan unveils plan to balance federal budget — 10 years from now

April 1, 2014
posted by

Fox News    

"House Budget Committee Chairman Paul Ryan renewed a fight with Democrats over spending cuts and deficit reduction, unveiling an updated Republican budget plan Tuesday that aims to cut spending by more than $5 trillion over a decade and balance the budget in that time. Similar to past proposals, Ryan's plan would include cuts to food stamps and major changes to government-sponsored health care for the poor and working class." [editor's note: "Conservatives" used to rail against Soviet-style 5 Year Plans. I always thought that was because they opposed central planning and considered such plans unrealistic. Turns out they just thought five years was too short of a term within which to exercise any fiscal responsibility - TLK] (04/01/14)

http://tinyurl.com/ns8nn9a  

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Why no more talk about the debt ceiling?

March 17, 2014
posted by

Bumper Hornberger Future of Freedom Foundation
by Jacob G. Hornberger  

"Have you noticed that there’s no more talk about the debt ceiling? That’s because those congressional big spenders recently raised the debt ceiling to permit the feds to continue adding onto the mountain of federal debt that they’re piling on the backs of the American people for decades. Once the debt ceiling is lifted, all the talk about it goes away until the next time it’s reached, at which point the big spenders have a conniption fit over the possibility that it won’t be lifted again. But isn’t this the time when Congress should be reining in federal spending in anticipation of reaching the debt limit again in a year or so?" (03/14/14)

http://fff.org/2014/03/14/why-no-more-talk-about-the-debt-ceiling/  

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