Including their deficit: This month the state’s part-time legislature goes back into session, and the state is starting at potentially a $25 billion deficit on a two-year budget of around $95 billion. That’s enormous. And there’s not much fat to cut. The whole budget is basically education and healthcare spending. Cutting everything else wouldn’t do […]
Like many others, I have spent the last few days really contemplating what will happen in the elections this November. As much as I want to be optimistic, I just can’t bring myself to it. Democrats are looking at a very dark mid-term and, as Peter Daou puts it, these are “dark days for the […]
A new report out by the CBO finds that the stimulus most likely saved this country: President Obama’s much-maligned economic stimulus package added as many as 3.3 million jobs to the economy during the second quarter of this year, and may have prevented the nation from lapsing back into recession, according to a report released […]
While our economy continues to go down the tubes, the Pentagon wants to keep increasing their funds: Before the presidential election, reports began to circulate that the Pentagon was planning to propose a defense spending increase of roughly $450 billion over five years. That’s in addition to the increases in the base budget already laid […]