Posts Tagged ‘ government spending ’

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/  

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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  

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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  

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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  

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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  

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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  

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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/  

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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  

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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  

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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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