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Boehner Describes Obama Budget As ‘Good Laugh’

Showing the utmost respect for the commander-in-chief, John Boehner is laughing at the president‘s budget proposal. [He] said the president’s budget proposal released Monday provided the American people with a “good laugh”. Boehner criticized President Obama’s plan that he said calls for higher taxes, more spending and a larger government in Washington. He added the budget […]

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 […]

In an effort to get domestic companies booking huge foreign earnings to invest more in the U.S., President Barack Obama will propose a one-time tax on the firms’ overseas profits to help fund the repair of the country’s crumbling transportation infrastructure, the Associated Press reported Sunday. The White House apparently believes it can drum up […]

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

Now read this:Senate Confirms Shaun Donovan As New OMB Director (Jul 10, 2014) Rand Paul: Carter Better Than Reagan On Spending (Apr 23, 2014) March’s Deficit Lowest Since 2000 (Apr 14, 2014) The ‘Let Me Google That For You Act Of 2014′ (Apr 12, 2014) House Passes Paul Ryan Budget (Apr 10, 2014) Sarah Palin […]

Cooking The Numbers

One of the first things Republicans did upon taking control of Congress was requiring the Congressional Budget Office to use “dynamic scoring” when assessing tax cuts (but not spending increases).  My latest column for The Hill explores this cynical move: At best, the change to dynamic scoring will affect a very small number of bills […]

OK, that’s a picture of a cronut, not a cromnibus, but there is no question about which one is tastier.  My latest column talks about why we had better get used to the type of horse-trading represented in the cromnibus though. The debate over the cromnibus will be replayed on a larger scale from October […]

A top U.S. health official says we’d have an Ebola vaccine by now if there had not been so much budget cutting. Dr. Francis Collins, the head of the National Institutes of Health, said that a decade of stagnant spending has “slowed down” research on all items, including vaccinations for infectious diseases. As a result, […]

I have been among those concerned about the fiscal health of Medicare.  Margaret Sanger-Katz and Kevin Quealy give us grounds for cautious optimism. The changes are big. The difference between the current estimate for Medicare’s 2019 budget and the estimate for the 2019 budget four years ago is about $95 billion. That sum is greater […]

The Congressional Budget Office (CBO) issued its long term budget outlook this week.  William Gale summarized it so you don’t have to read all the details: The size of the budget deficit today isn’t a problem, and it’s not much of a problem for the next few years either. “If current laws governing taxes and […]

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