Tag archive for ‘deficit’
Posted by The Foundry on January 26th, 2012 | Categorized as Network Posts | Tagged as deficit, epa, national security
A recent article by the Associated Press leaves the reader with the impression that there haven’t been any defense cuts since the 1990s and that defense spending has not been “on the table” in recent deficit-reduction efforts. Nothing could be further from the truth. The article states that the cuts to defense under the Budget Control Act (BCA) of 2011, beginning in 2013, are “the first outright cuts since the so-called peace dividend of the early 1990s.” In reality, defense budgets have already been cut, are being cut now, and … More
Posted by The Foundry on January 24th, 2012 | Categorized as Network Posts | Tagged as afghanistan, alaska, california, cap and trade, constitution, deficit, epa, federal spending, first amendment, george bush, inflation, iraq, medicaid, medicare, mexico, national security, north dakota, politics, republic, social security, sotu, sovereignty, state of the union, taxes, united nations
Before the Speech Begins – Emily Goff: Previewing tonight’s speech this past weekend, Mr. Obama said: “We can go in two directions. One is towards less opportunity and less fairness. Or we can fight for…building an economy that works for everyone, not just a wealthy few.” The President must not understand that an economy based on free-enterprise with limited government involvement will, in fact, work for and benefit more than just the wealthy. His administration’s idea of an economy that works involves imposing heavy-handed government regulations and threatening tax increases at … More
Posted by The Foundry on January 24th, 2012 | Categorized as Economy, Network Posts | Tagged as deficit, federal spending, medicaid, medicare, social security
President Obama will release his annual budget proposal late yet again. Choosing the date is not merely a convention. By law, the President must release the budget by the first Monday in February, which falls on February 6 this year. Yet yesterday the Administration announced it will release its fiscal year (FY) 2013 budget a week late, marking the third such delay in four years. Right now, when the economy is struggling, annual deficits consistently exceed $1 trillion, and Americans are demanding that Washington govern responsibly, this delay is beyond … More
Posted by The Foundry on January 24th, 2012 | Categorized as Network Posts | Tagged as deficit, federal spending, medicaid, medicare, social security
President Obama will release his annual budget proposal late yet again. Choosing the date is not merely a convention. By law, the President must release the budget by the first Monday in February, which falls on February 6 this year. Yet yesterday the Administration announced it will release its fiscal year (FY) 2013 budget a week late, marking the third such delay in four years. Right now, when the economy is struggling, annual deficits consistently exceed $1 trillion, and Americans are demanding that Washington govern responsibly, this delay is beyond … More
Posted by The Foundry on January 24th, 2012 | Categorized as Network Posts | Tagged as constitution, deficit, epa, national security
An increasing number of leaders in the House and the Senate recognize that the Budget Control Act (BCA) of 2011 will impose a disproportionate burden on an already strained defense budget. The latest corrective effort comes from House Majority Leader Eric Cantor (R–VA). The BCA established caps on spending for national security and discretionary spending over the next 10 years. In addition, the law mandates a sequestration process that will apply $500 billion or more in deficit reduction to the defense account over the nine-year period covering FYs 2013–2021. These … More
Posted by The Foundry on January 24th, 2012 | Categorized as Network Posts | Tagged as constitution, deficit, kansas, medicare, politics, revolution, social security, state of the union, supreme court, taxes
Tonight, Americans who tune in to the State of the Union will watch the work of a rhetorical master with a flair for illusion. President Barack Obama will take to the floor of the Capitol in hopes of laying the groundwork for a political debate on his terms–one where he stands on emotional appeals, populism, and class warfare, not the shaky ground of his crumbling record. And looking right back at him will be the U.S. Senate, which has for the past 1,000 days failed to pass a budget–a total … More
Posted by The Foundry on January 20th, 2012 | Categorized as Network Posts | Tagged as constitution, deficit, federal spending, Harry Reid, inflation, medicaid, medicare, paul ryan, social security, taxes
Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By enacting continuing resolution upon continuing resolution (short-term measures to keep the government running, spending money at the current rate), the Senate has taken a pass on leading, all to the detriment of the poor and middle class. The budget process forces Congress to set priorities to protect the people’s money and put it to its appropriate use. Instead, the Democrat-controlled Senate has abdicated its responsibility. … More
Posted by The Foundry on January 20th, 2012 | Categorized as Network Posts | Tagged as deficit, epa, global warming, jobs, mexico, republic
The Obama Administration, encouraged by environmental groups, has blocked yet another affordable energy project—the Keystone XL Pipeline. Add this to the unconscionable slowdown of leasing and production in the Gulf of Mexico, foot-dragging on production in the Chukchi and Beaufort Seas, blocks on offshore production in the Atlantic and Pacific, and continued prohibitions and impediments to production in non-park, non-wilderness areas of the Western U.S. and ANWR. For each one, the claim is that the production wouldn’t make much difference. Well, the XL Pipeline would bring 750,000 barrels per day … More
Posted by The Foundry on January 19th, 2012 | Categorized as Economy, Network Posts | Tagged as deficit, jobs, maine
President Obama’s Council on Jobs and Competitiveness released its third report January 17 entitled “Road Map to Renewal,” a worthy description of serious issues affecting the American economy coupled with set of proposals that, with few exceptions, can best be described as pretty thin gruel. The council—chaired by Jeffrey R. Immelt, the chairman and CEO of GE—was obviously constrained in many cases by political considerations imposed on it either by the Obama Administration or by itself as it recognized the political season. However, this report will likely be best known … More
Posted by The Foundry on January 18th, 2012 | Categorized as Network Posts | Tagged as deficit, epa
Clearly, the impact of President Obama’s proposal to consolidate parts of six trade agencies is tiny in comparison to the government’s $3.5 trillion in spending or its trillion-dollar-plus deficits. But if—and that is a big if, depending upon not-yet-available details—it represents a genuine step toward smaller, less costly, and more effective government, it would be a welcome small change from the direction of the past three years. The proposal would reportedly combine some of the functions of the Office of the U.S. Trade Representative, the Small Business Administration, the Export-Import … More