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Good News/Bad News On Budget

Good News/Bad News On Budget

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 [...]

Senate Confirms Shaun Donovan As New OMB Director

The United States Senate today confirmed Shaun Donovan to be the next director of the Office of Management and Budget. In a 75-22 vote the Senate made the current Housing and Urban Development the new Budget Director after having confirmed San Antonio Mayor Julian Castro On Wednesday to replace Donovan at HUD. In his time [...]

Thou Shalt Not Criticize St. Ronnie is not something that can be violated, it seems. In a variety of campaign appearances that were captured on video, Paul repeatedly compared Reagan unfavorably to Carter on one of Paul’s top policy priorities: government spending. When Paul was a surrogate speaker for his father, then-Rep. Ron Paul (R-Texas), [...]

March’s Deficit Lowest Since 2000

The budget deficit for the first half of 2014 is $413 billion, $187 billion less than at the same time last year. And there’s more good news. The deficit for the month of March stood at $37 billion, down from $107 billion last year. That figure was the smallest deficit for the month of March [...]

The ‘Let Me Google That For You Act Of 2014′

Yes, it exists, and its’ the work of Oklahoma Republican Senator Tom Coburn and Missouri Democratic Senator Claire McKaskill. The bill is meant to cut down on “the collection and distribution of government information” by prioritizing using Google over spending money to obtain information from the National Technical Information Service (NTIS). NTIS, run by the [...]

House Passes Paul Ryan Budget

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 [...]

Sarah Palin Calls Ryan Budget ‘A Joke’

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 [...]

Ryan Budget Is Political Document With No Basis In Reality

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 Summed Up In 3 Letters: LOL

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 [...]

We Spent More On Defense In 2012 Than The Next Ten Countries Below Us Combined

The United States spent more than $600 billion on the military in 2012. The $682 billion spent by the U.S. in 2012 was more than the combined military spending of China, Russia, the United Kingdom, Japan, France, Saudi Arabia, India, Germany, Italy and Brazil—which spent a total of $652 billion, according to the SIPRI Military [...]

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