Posts Tagged ‘ government spending ’

Who really wants to impose austerity?

June 25, 2015
posted by

Brendan O'Neill spiked
by Brendan O'Neill  

"There's no doubt the recession has brought about tough times for many, especially the poor and people with insecure employment. But austerity is not being imposed. On the contrary, public spending continues to rise, as it has done every year since 1948. ... It's surreal that a government which increased public spending, including on benefits, should have been described as 'imposing austerity.'" (06/25/15)

http://tinyurl.com/pfmjn8e  

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FL: Scott vetoes record nearly $461 million in state budget

June 23, 2015
posted by

Miami Herald    

"Florida Gov. Rick Scott vetoed a record $461.4 million from the new state budget Tuesday, quickly wiping out many spending priorities of his fellow Republicans in the Legislature. ... Among the more notable items slashed was a controversial $2.05 million earmarked for sports facility IMG Academy in Bradenton, a project added to the budget by lawmakers without any public vetting just before a budget deal was reached." (06/23/15)

http://tinyurl.com/okhj9t8  

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Greece: Regime offers new proposals to avert default

June 23, 2015
posted by

Reuters Reuters    

"Greece took a step back from the abyss on Monday with the presentation of new budget proposals that euro zone leaders welcomed as a basis for a possible agreement in the coming days to unlock frozen aid and avert a looming default. European Council President Donald Tusk, who chaired an emergency summit of leaders of the 19-nation currency bloc, called the Greek proposals 'a positive step forward.' He said the aim was to have the Eurogroup finance ministers approve a cash-for-reform package on Wednesday evening and put it to euro zone leaders for final endorsement on Thursday morning." (06/22/15)

http://tinyurl.com/ob2t5h6  

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Euro falls amid Greek standoff, dollar up ahead of Fed

June 16, 2015
posted by

Reuters Reuters    

"The euro fell on Tuesday as it appeared more likely that debt-stricken Greece would default or have to leave the single currency, while the U.S. dollar rose at the start of a meeting by the Federal Reserve. Stocks mostly rose on the day, with shares in both Europe and the United States rebounding after a two-day decline, though the uncertainty surrounding Greece limited gains." (06/16/15)

http://tinyurl.com/o5u7p6t  

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Can they stop themselves?

June 11, 2015
posted by

Reason Reason
by staff  

"In this early stage of the 2016 campaign, Reason seeks to keep everyone's eyes on the prize of reducing the size and scope of government. Below, a guide to the candidates' and potential candidates' records on cutting government spending, especially during their terms in office but also in their policy positioning. At a time when our budgets are wildly unbalanced, when the national debt is at $18 trillion and growing, when debt service is poised to zoom past military spending during the next administration, and when baby boomer entitlements threaten to soak up half of government expenditures, there is no more important question to answer than this: What, at long last, are you willing to cut?" (for publication 07/15)

http://reason.com/archives/2015/06/10/can-they-stop-themselves  

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Should we dump the euro?

May 26, 2015
posted by

Mises Canada
by Frank Hollenbeck  

"The Greek drama continues to unfold with the risk of a 'Grexit' becoming increasingly likely. Yet, a large majority of the Greek people want to keep the euro. This would force the Greek government to live within its means, which isn't a bad thing. With anti-austerity parties gaining strength continent wide, Greece may be the first, and not the last, to leave. Yet, the problem in Europe is not the euro, but excessive government regulations, spending, and taxation." (05/25/15)

https://mises.ca/posts/articles/should-we-dump-the-euro/  

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Report: Islamic State rakes in $1 million per day in extortion

May 20, 2015
posted by

Times of India [India]    

"The Islamic State rakes in over $1 million per day in extortion and taxation [sic -- redundant!] and the dreaded terror group has enough assets to cover its expenses despite falling oil prices, according to a media report. The group minimizes costs by looting military equipment, appropriating land and infrastructure and paying relatively low salaries, a report in the New York Times said citing analysts at the RAND Corporation, a nonprofit organization that researches public policy." [editor's note: For the sake of comparison, the US regime takes in about 10,000 times as much -- $10.x billion -- per day, part of it directly extorted, part of it borrowed against promises of future extortion - TLK] (05/20/15)

http://tinyurl.com/mjb353f  

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Why government deficits and debt do matter

May 20, 2015
posted by

Richard M. Ebeling The Daily Bell
by Richard M Ebeling  

"Politicians have been able to offer more and more government spending to special interest groups to obtain campaign contributions and votes in the attempt to be elected and re-elected to political office. They can offer benefits in the present in the form of new or additional government spending, but they no longer have to explain where all the money will come from to pay for it. The 'costs' of that deficit spending is to be paid for by some unknown future taxpayers in some amount that can be put off discussing until that 'some time' in the future." (05/19/15)

http://tinyurl.com/myjvpvd  

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New military spending bill expands empire but forbids debate on war

May 18, 2015
posted by

Ron Paul Campaign For Liberty
by Ron Paul  

"On Friday the House passed a massive National Defense Authorization for 2016 that will guarantee US involvement in more wars and overseas interventions for years to come. The Republican majority resorted to trickery to evade the meager spending limitations imposed by the 2011 budget control act -- limitations that did not, as often reported, cut military spending but only slowed its growth. But not even slower growth is enough when you have an empire to maintain worldwide, so the House majority slipped into the military spending bill an extra $89 billion for an emergency war fund." (05/18/15)

http://tinyurl.com/ofrbdlv  

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URGENT! Do you oppose the Pentagon slush fund?

May 16, 2015
posted by

Jim Babka Downsize DC
by Jim Babka  

"This week, Congress is considering the 2016 National Defense Authorization Act (NDAA). That's where Congress skirts its own laws to spend MORE of YOUR money on THEIR pork. If you object, please tell Congress through DownsizeDC.org's 'Cut Federal Spending' campaign." (05/14/15)

http://tinyurl.com/kgu5s92  

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Heartland Daily Podcast, 05/11/15

May 12, 2015
posted by

Heartland Institute Heartland Institute
by  

"In today's edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Veronique De Rugy. De Rugy is a Senior Fellow at the Mercatus Center. De Rugy is on the podcast to explain how Congress is attempting to increase spending and bypass sequestration spending caps in the coming 2016 budget." [Flash video] (05/11/15)

http://tinyurl.com/oog7gsr  

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The welfare state needs abolition, not “reform”

May 7, 2015
posted by

Doug Bandow Cato Institute
by Doug Bandow  

"The United States is effectively bankrupt. Economist Laurence Kotlikoff figures the government faces unfunded liabilities in excess of $200 trillion. Making the programs run more efficiently would be helpful. But only transforming or eliminating such programs will save the republic. The left likes to paint conservatives as radical destroyers of the welfare state. If only." (05/07/15)

http://tinyurl.com/kxxdagj  

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How the Republican budget cons conservatives

May 7, 2015
posted by

Our Future
by Bill Scher  

"In March I asked 'Are Republicans Insane Enough To Propose a Balanced Budget?' because balancing the budget in 10 years without any tax increases would mean embracing politically suicidal cuts. The answer: Yes, they are! Republicans not only proposed it, they passed it, with the support of every vulnerable incumbent senator up for re-election next year. I've already discussed the risk this radical budget puts on those swing-state Republicans. But there's another risk to the GOP. That the conservatives in the Republican base soon realize this budget is a con." [editor's note: Yes, you're reading that right. This genius thinks that ONLY TAKING TEN YEARS to start spending less than they take is a mark of "radicalism" among politicians - TLK] (05/07/15)

http://tinyurl.com/logw52a  

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US Senate moves forward with GOP budget proposal

May 6, 2015
posted by

CNN Washington Post    

"The Senate has paved the way towards passage of a Republican-backed budget blueprint that boosts defense spending while cutting $5 trillion in spending, largely on social programs, to balance in a decade. Lawmakers moved to open debate on the bill with a party-line vote, 53-44, Tuesday morning, with a final vote expected later that afternoon. The House passed the measure last week. One Democrat, Virginia Sen. Tim Kaine, voted for it, along with Maine Sen. Angus King, an independent who caucuses with Democrats; one Republican -- 2016 presidential contender Sen. Rand Paul -- voted against it." [editor's note: Hey, here's an idea. How about balancing the budget now instead of promising to balance the budget ten years from now? - TLK] (05/05/15)

http://tinyurl.com/msvlfcd  

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Opposing the Pentagon slush fund

April 29, 2015
posted by

Downsize DC Downsize DC
by various signatory organizations  

"Dear Representative: On behalf of the undersigned organizations and our combined memberships, we urge you to oppose the Fiscal Year 2016 Budget Resolution conference report scheduled for votes this week. The conference report contains serious fiscal concerns, particularly related to billions of dollars being allocated toward the Pentagon's war budget for ill-defined purposes." (04/29/15)

https://downsizedc.org/blog/opposing-the-pentagon-slush-fund  

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Can Wyoming slay Fedzilla?

April 27, 2015
posted by

The Price of Liberty
by Bradley Harrington  

"[D]o you think anyone is stepping up to the plate to suggest that maybe we should just quit relying upon those 'free' federal dollars that are the root cause of this entire headache? But the sound of crickets in that arena is somewhat deafening. To be followed by the thunderous roar of all of our 'free' federal chickens coming home to roost. BUT, we're going to spend over $300 million to renovate the Capitol, an amount of money much larger than what WYDOT will get from the feds for an entire year, and we're also sitting on a $2 billion bank account that isn't even collecting enough interest to make up for Fedzilla's destruction of our dollar through inflation. And all of this, we were told in our last legislative session, constitutes 'fiscal responsibility.'" (04/26/15)

http://www.thepriceofliberty.org/?p=7115  

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Alberta at a fiscal crossroads

April 9, 2015
posted by

Students For Liberty Students For Liberty
by Chance ME Davies  

"In 2004, Alberta finally managed to repay $23 billion of public debt. A remarkable Calgary man named Ralph Klein pulled us kicking and screaming through austerity measures to give us a fiscally-sound future. With the success of what he called the 'Alberta Advantage' and the boom of Alberta’s economy (namely the oil and gas industry), he declared that 'Never again will this government or the people of this province have to set aside another tax dollar on debt.' Yet here we are in 2015, on the edge of a fiscal crisis." (04/09/15)

http://tinyurl.com/kqmh8vz  

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Europe’s real time-bomb

March 26, 2015
posted by

Acton Institute Acton Institute for the Study of Religion and Liberty
by Samuel Gregg  

"While Europe's governments and financial markets have been fixated in recent months by the ongoing fiscal and political disaster otherwise known as Greece, the challenges facing one of the EU's smallest members are, frankly, quite minor compared to what may well be Europe's biggest looming internal problem. The name of that challenge? In a word: France." (03/25/15)

http://tinyurl.com/qxmuf4l  

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Greece: Regime risks running out of cash by April 20

March 25, 2015
posted by

Reuters Reuters    

"Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving it little time to convince skeptical creditors it is committed to economic reform. After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it will present a package of reforms to its euro zone partners by Monday in the hope of unlocking aid and avoiding a messy default. 'It will be done at the latest by Monday,' government spokesman Gabriel Sakellaridis told Mega TV." (03/24/15)

http://tinyurl.com/o9zs2t8  

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The United States could learn from its British ally

March 23, 2015
posted by

Ivan Eland Independent Institute
by Ivan Eland  

"In the wake of the global recession, beginning with the financial crisis of 2008-2009, the British government of Prime Minister David Cameron took a different approach from the U.S. governments of George W. Bush and Barack Obama -- eschewing massive government stimuli (that is, profligate spending) for the economy and instead focused on moderate belt tightening to reduce budget deficits accumulating into higher national debt. That British budget reductions, including 4.3 percent real cuts in defense spending since 2010, has paid off." (03/23/15)

http://www.independent.org/newsroom/article.asp?id=6330  

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Hawks are winning the military budget wars

March 22, 2015
posted by

Cato Institute Cato Institute
by Benjamin H Friedman  

"Running the congressional budget process for the first time since 2005, Republicans must navigate their divisions on military spending. The outcome thus far is militarism badly disguised as fiscal restraint. On one side are the military hawks. ... This wing, especially its senatorial variety, is prone to work with hawkish Democrats to raise military spending, which, in practice means raising other domestic spending and taxes. On the other side are budget hawks, who believe that military spending is spending." (03/20/15)

http://tinyurl.com/pn63xys  

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This one weird trick for balancing the US government’s budget

March 20, 2015
posted by

Thomas L. Knapp William Lloyd Garrison Center for Libertarian Advocacy Journalism
by Thomas L Knapp  

"This year's proposal from House Republicans would theoretically balance the budget ... ten years from now. It would also theoretically reduce the debt from 74% of GDP to 18% ... over the course of 25 years. Many 'moderate' Republicans and most Democrats criticize the plan as unworkable and, to use the expression favored by fraidycat clingers to the status quo, 'unserious.' Why? Because they think ten years is unrealistically fast. I agree. The plan is unworkable and 'unserious.' But for the opposite reason. Ten years is far too long. Any plan relying on future politicians to stick to plans drawn up by today's politicians is doomed to failure." (03/19/15)

http://thegarrisoncenter.org/archives/618  

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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  

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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  

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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/  

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