Posts Tagged ‘ government spending ’

The squeal of the war hogs

March 19, 2015
posted by

Jacob Sullum Reason
by Jacob Sullum  

"Hawks like Graham and McCain, joined by at least 70 Republicans in the House, want us to believe it's impossible to defend the country for a mere $523 billion, the Pentagon's base budget for the next fiscal year under the BCA. That amount, which is slightly higher than this year's budget, does not include whatever our various wars will cost—another $50 billion or so, according to President Obama's estimate. In real terms, the amount of money that Graham and McCain consider recklessly small is more than the U.S. government spent on the military in 2005, when it was in the midst of two wars that have been winding down in recent years. The Pentagon's base budget is higher than it was in 2006 or in any year during the previous decade. Were we merely lucky to have escaped catastrophe back then?" (03/18/15)

http://reason.com/archives/2015/03/18/the-squeal-of-the-war-hogs  

No Comments »

Are Republicans insane enough to propose a balanced budget?

March 16, 2015
posted by

Our Future
by Bill Scher  

"For years, the Republican House mocked the Senate Democrats for failing to pass a budget. It was an overblown charge: the budget is merely a nonbinding resolution for guidance purposes, not the actual 'appropriations' laws that disperse taxpayer funds to government agencies. But Republicans made passing a budget a benchmark of governance; now they will have to oblige. That means getting the House and Senate to agree, and House Republicans have been obsessed with balancing the budget in 10 years. Which is insane." [editor's note: I agree, ten years is insane. One year should be the absolute maximum; this author, on the other hand, thinks that to "govern like adults" is to just continue spending more than they take in - TLK] (03/13/15)

http://tinyurl.com/q22hced  

No Comments »

The Spending Plan, courage, and politicians

March 12, 2015
posted by

Adam Smith Institute Adam Smith Institute
by Nick Partington  

"A ring-fenced National Health Service, a bill poised to commit future governments to spend 0.7% of GNI on international aid, a triple lock on pensions, senior military figures pushing for commitments to higher defence spending: these are inauspicious times in which to contemplate cutting the UK’s £77 billion structural budget deficit, but contemplate we must." (03/11/15)

http://www.adamsmith.org/blog/politics-government/the-spending-plan/  

No Comments »

Preparing for the next debt fight

March 10, 2015
posted by

Doug Bandow Cato Institute
by Doug Bandow  

"Some analysts still hope that electing the 'right people' will fix the system. But that is unlikely. Spending has continued ever upward under Republicans and Democrats, conservatives and liberals, saints and scoundrels. Without creating some institutional barriers to political plunder the system will continue to produce the same overall results, despite slight differences in exactly how much is spent on whom and when." (03/09/15)

http://www.cato.org/publications/commentary/preparing-next-debt-fight  

1 Comment »

US House approves Homeland Security Theater funding without anti-immigration clause

March 3, 2015
posted by

BBC News BBC News [UK state media]    

"The US House of Representatives has approved a so-called 'clean' funding bill for the Department of Homeland Security on Tuesday. The bill does not not include language that would roll back President Barack Obama's recent immigration reforms. The vote ends an impasse between the White House and conservative Republicans over the reforms, that nearly shut the department last week. The bill passed 257 to 167 with 74 Republicans supporting the measure." [editor's note: Too bad they didn't just shut down DHS. Permanently. - TLK] (03/03/15)

http://www.bbc.com/news/world-us-canada-31716232  

No Comments »

Defense firms expect increased spending from Republicans as Republicans decry increased spending

March 1, 2015
posted by

The Intercept The Intercept
by Lee Fang  

"Despite campaign rhetoric promising a smaller government, defense contractors are confident that the new Republican congressional majority will boost spending on their industry. ... For voters promised a leaner federal budget, certain areas, such as food stamps, are already in the crosshairs of legislators. But for the nation's cyberspying companies and military contractors, 'some measure of relief,' is on the way. That's how George Pedersen, the chief executive of ManTech International Corp., a defense contractor that works closely with the National Security Agency, described the expected boost in military spending during a call with investors last week." (02/27/15)

http://tinyurl.com/m2cwyju  

No Comments »

Germany: Parliament votes to extend Greek bailout

February 27, 2015
posted by

RTE News [Ireland]    

"The German parliament has voted to extend the Greek bailout for another four months. A total of 542 members of the Bundestag voted in favour of the proposal with 32 against and 13 abstentions. German Finance Minister Wolfgang Schaeuble earlier urged his country's politicians to approve the bailout extension, saying it was no easy decision but necessary." (02/27/15)

http://www.rte.ie/news/2015/0227/683169-greece/  

No Comments »

The national health IT czar does not need a big budget hike

February 26, 2015
posted by

John R. Graham National Center for Policy Analysis
by John R Graham  

"One overlooked 'ask' in the President's 2015 budget was a 25 percent hike in the budget of the Office of the National Coordinator of Health Information Technology (ONC). Admittedly, it is a small amount of money, $75 million. Nevertheless, it is a 25 percent hike in a budget that should be reduced." (02/25/15)

http://tinyurl.com/qdtmzbv  

No Comments »

McConnell caves: Sets aside anti-immigration freedom amendments to fund big-government “Homeland Security” bureaucracy

February 24, 2015
posted by

Philadelphia Inquirer    

"The Senate's top Republican shifted tactics Tuesday to try to free up stalled legislation to fund the Department of Homeland Security in advance of a Friday midnight deadline. Senate Majority Leader Mitch McConnell, R-Ky., moved to disentangle contested immigration measures from the Homeland Security budget and debate the issues separately. ... A key vote could come Friday on the stand-alone immigration measure, which would likely push the Homeland Security budget past a midnight deadline, though speculation was growing that a short-term budget measure might prevent a shutdown." (02/24/15)

http://tinyurl.com/lelqsog  

No Comments »

GOP digs in heels on DHS and immigration funding

February 23, 2015
posted by

Free Press Publications
by Darryl W Perry  

"Many Republican lawmakers are digging in their heels in the fight to defund implementation of what they see as an executive overreach by President Obama. They're so entrenched in their position that they're acting as though they'll allow the Department of Homeland Security budget to not be adopted. Which in reality wouldn't have much impact on DHS activities, as approximately 200,000 of the 230,000 DHS employees are considered essential. The Chicago Tribune reports, 'Most training, hiring, research and purchasing would be suspended. Border security, disaster relief and cybersecurity programs would continue uninterrupted.' In other words, nothing will really change, except that 'essential' DHS employees will work without a paycheck until a budget is adopted." (02/22/15)

http://fpp.cc/gop-digs-in-heels-on-dhs-and-immigration-funding/  

No Comments »

Greece’s debt debacle: Austerity and prosperity

February 17, 2015
posted by

Students For Liberty Students For Liberty
by Jack Enright  

"Since the 2008 financial crisis, Greece has largely abdicated its fiscal policy to three intergovernmental organizations known as the 'troika': the European Union, the European Central Bank, and the International Monetary Fund. These three groups bailed out Greece to the tune of 240 billion Euros ($268b USD). The new coalition government wants to renegotiate the terms of the debt agreement to better manage, perhaps by paying less than what they borrowed. Many have been critical of the request, as it seems like giving over a quarter of a trillion dollars to a country with just over 10 million inhabitants would stimulate their economy significantly. But, despite what Keynesians would have you believe, providing this kind of capital did not solve the issue of high unemployment." (02/16/15)

http://tinyurl.com/q8fhfen  

No Comments »

Billions over budget

February 17, 2015
posted by

Campaign For Liberty Campaign For Liberty
by Heather_D  

"States that have opted to expand their Medicaid programs under ObamaCare are millions of dollars -- and in some cases billions of dollars -- over budget. In fact, Ohio's program is 30% over budget already, with months to go before the end of the fiscal year. Here in Alaska, they're already calling the current budget deficit 'unprecedented.' Yet Governor Bill Walker is continuing his push for ObamaCare expansion, and I need your help to stop it." (02/17/15)

http://www.campaignforliberty.org/billions-budget  

No Comments »

Obama’s liberal spending panacea

February 17, 2015
posted by

James Bovard JimBovard.com
by James Bovard  

"President Obama recently denounced the 'mindless austerity' that threatens his dream of spending $4 trillion in the coming year. In lieu of the current sequestration restrictions on federal spending, Mr. Obama promises 'smart investments that strengthen America.' But 'smart investments' are a pipe dream as long as the president and his team view federal spending as magic beans to miraculously make America rich." (02/16/15)

http://tinyurl.com/ly3xghs  

No Comments »

Government debt on the road to ruin

February 10, 2015
posted by

Steve Chapman Reason
by Steve Chapman  

"Americans are addicted to living beyond their means, at least when it comes to the functions of government. That's why the federal debt tripled over the past decade and under President Barack Obama's budget plan would keep growing indefinitely. Why not? If you don't have to pay for all you get, you're likely to take more than you need. The problem is hardly confined to Washington. State and local governments can't get away with endless budget deficits because of restrictions on their authority to borrow money. But if you think that keeps them from piling up obligations on future taxpayers, you underestimate their ingenuity." (02/09/15)

http://tinyurl.com/lllkzls  

No Comments »

Debt will sink Wyoming

February 9, 2015
posted by

The Price of Liberty
by Bradley Harrington  

"The real world doesn't always adhere to the projections it seems -- so, now, a quarter of a billion dollars has conjured its way back into the limbo-land from which it came, leaving our legislature scurrying to make up the difference. Wouldn't it be great if those same legislators paid as close attention to the source of the funding for their proposed Medicaid expansion as they are now paying to the looming budgetary shortfall in the energy arena?" (02/09/15)

http://www.thepriceofliberty.org/?p=6930  

No Comments »

Johnson to Congress: Don’t make DHS furlough 30,000 tax-sucking parasites

February 9, 2015
posted by

CNN CNN    

"Homeland Security Secretary Jeh Johnson says he will have to furlough at least 30,000 workers if Congress doesn't approve its funding by the end of this month. His comments, during an appearance Sunday on CNN's 'State of the Union,' came as conservatives on Capitol Hill insist that they use a Homeland Security funding measure as leverage to attack President Barack Obama's immigration actions. But Johnson said he's meeting with members of Congress every day this month, urging them to drop that idea." (02/08/15)

http://www.cnn.com/2015/02/08/politics/jeh-johnson-dhs-funding/  

1 Comment »

Greek FM to Germany: End “gross indignity”

February 6, 2015
posted by

BBC News BBC News [UK state media]    

"Greece's new finance minister has urged Germany to help end the 'gross indignity' of the Greek debt crisis. Yanis Varoufakis said 'too much time, hopes, lives' had been wasted by Greece's forced austerity programme. He was speaking after talks with his German counterpart, Wolfgang Schaeuble, who said a reduction of Greece's debt was off the agenda. Mr Varoufakis has been seeking support for Greece's plan to renegotiate its massive international bailout." (02/05/15)

http://www.bbc.com/news/world-europe-31147112  

No Comments »

OMB Director: Boomer retirement means more US debt

February 6, 2015
posted by

Christian Science Monitor Christian Science Monitor    

"While the nation provides healthcare and retirement benefits to the giant baby boom generation, the US government may have to learn to live with higher levels of debt than would otherwise be ideal, says Office of Management and Budget Director Shaun Donovan. The federal budget for fiscal year 2016, whose drafting Mr. Donovan supervised, projects federal debt next year will total $18.6 trillion, an amount equal to 75 percent of the size of the US economy. That level of federal debt is the highest level since 1950 and up sharply from 39.3 percent of GDP as recently as 2008." (02/05/15)

http://tinyurl.com/ne3v9as  

No Comments »

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  

No Comments »

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  

No Comments »

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  

No Comments »

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  

No Comments »

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  

No Comments »

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/  

No Comments »

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  

No Comments »

Our Sponsors



Making a living off your Drupal site?

Drupal Managed Hosting

Fed up with Maintenance and Hosting companies?