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Obama Says $4 Trillion Budget Is Paid For

President Obama addressed the reasoning behind his budget, saying it’s paid for with a combination of tax cuts for middle income Americans and increases on the wealthy. And he reminded us–twice–that, on his watch the deficit was reduced by two-thirds. The GOP will respond this spring with a balanced-budget outline that promises to ease the […]

President Obama reveals his budget Monday. President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt. The budget — $4 trillion for the 2016 fiscal year — would hit […]

Obama Presents Budget Monday

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It can’t pass the Senate. It won’t be signed by the President. It will go nowhere. But the House has certainly made a political statement. The 219-205 vote on the nonbinding framework takes a mostly symbolic swipe at the government’s chronic deficits. Follow-up legislation to actually implement the cuts isn’t in the cards. The plan […]

And who knows jokes better than Sarah Palin? Palin took to Facebook Tuesday night to call the new budget released by Representative Paul Ryan (R-WI) a “joke.” “Holy Moly! Are you kidding?” the former Alaska Governor wrote. “The latest Ryan (R, Wisconsin) Budget is not an April Fool’s joke. But it really IS a joke […]

It repeals Obamacare. It slashes non-defense spending by $791 billion less than 2011 levels while increasing defense spending by $480 billion. “This budget is the Republican declaration of class warfare — it protects the elites at the expense of the rest of the country,” said Rep. Chris Van Hollen, the top Democrat on the House […]

Paul Ryan’s new budget proposal can be summarized in 3 letters: LOL (via FreakOutNation) House Budget Chair Paul Ryan’s (R-WI) budget report which was released on Tuesday is exactly as what you’d expect it to be. It should be titled: Ryan Shrugs, as it portrays his repeated attempts to slash social programs and he also […]

This will be in the 2015 budget out next week. The increases are consistent with the pay hikes civilians and troops received this year. An administration official said the proposed civilian increase “reflects the tight budget constraints we continue to face, while also recognizing the critical role these civilian employees play in our country – […]

That way they don’t have to worry about how votes will come back to haunt them. So, rather than actually do their jobs, they’d rather cowardly avoid taking a stand on spending. These are the same people who’ve accused the White House of not having a budget. Yet, for crass political reasons, the Republican House […]

The far right still thinks it can overturn or scale back Obamacare, and that is why a number of tea partiers opposed the $1.1 trillion bill passed by the House. A large bloc of House conservatives voted Wednesday against a $1.1 trillion spending plan to fund the federal government for the rest of the fiscal […]

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