The AP has put out a fact check of President Obama’s claim last night that everything in his jobs program is paid for: resident Barack Obama’s promise Thursday that everything in his jobs plan will be paid for rests on highly iffy propositions. It will only be paid for if a committee he can’t control […]
The House has just passed the Ryan budget plan: The House has passed a Republican budget blueprint proposing to fundamentally overhaul Medicare for future beneficiaries while combating out-of-control budget deficits. It would impose sharp spending cuts on social safety net programs like food stamps and Medicaid. The GOP proposal passed 235-193, with every Democrat voting […]
Does your paycheck still make you cry? Do you wonder why the bosses are all giddy like high school girls? Well this could be why (via Think Progress): At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way […]
When the GOP talks about tax breaks for the rich and businesses they always use the argument that the more money business has, the more people they will hire. This has been in a direct conflict of supply and demand economics and more proof is in this: Despite high unemployment and a largely languishing real […]
Yesterday the Republican’s released a plan to cut $2.5 trillion in spending over the next 10 years. The plan is being met with a lot of skepticism, even from FOX News where Neil Cavuto noted that the plan actually saves only $330 billion. The plan, which does not touch the Pentagon or Homeland Security, calls […]
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 […]
That’s the cost of the House health care bill. The full CBO report isn’t out yet, but it should be rather soon now. The Hill has some other early numbers: The nonpartisan budget office told lawmakers that the health bill set for a vote this weekend would cut the deficit by $130 billion over the […]
John McCain blasted off a campaign email last night that stated the following: During his first year in office, President Obama and Congressional Democrats have amassed a $12.4 trillion deficit that is growing each day. A trillion dollars a month? Wow that’s amazing for a party that hasn’t accomplished that much due to Republican obstructionism. […]
This really seems like a game of politics to me: resident Barack Obama will call in his State of the Union address for a three-year freeze on spending for many domestic programs as part of his strategy to rein in the deficit, administration officials said. The proposal, which wouldn’t affect spending on national security, would […]
Hey if you are Michelle Malkin they are: Follow the bouncing ball: TARP, the trillion-dollar-plus banking bailout, has morphed from a toxic assets purchase plan to a capital injection plan, back to a toxic assets purchase plan, to a life insurance company bailout, to an auto supplier bailout. I’m sure I forgot more. Well, now […]