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Tag Archives: Budget
Rep. Louie Gohmert (R-Tex.) challenged Rep. Paul Ryan’s (R-Wis.) assertion that the budget deal he negotiated with Sen. Patty Murray (D-Wash.) does not violate conservative principles even though it raises federal spending beyond the $967 billion limit set by the Budget Control Act of … Continue reading
House Speaker John Boehner on Wednesday took a swipe at conservative groups that “came out and opposed” a bipartisan budget deal “before they ever saw it.” “They’re using our members, and they’re using the American people for their own goals. … Continue reading
Speaker John Boehner (R-Ohio) told House Republicans on Thursday that he wants to push through a temporary spending measure that incorporates automatic cuts, upping the ante for a September budget showdown. Boehner’s comments, delivered in a conference call with the … Continue reading
The correlation between transportation and future economic activity shown above foreshadows a short time frame for an economic downturn. The shipping industry has been collapsing due to a surplus of large cargo and tanker ships for several years. How will … Continue reading
Federal spending was up $30.5 billion in the first five months of fiscal 2013 compared to the first five months of fiscal 2012, according to newly released data from the U.S. Treasury. The federal fiscal year begins on Oct. 1 … Continue reading
If Congress and the president would do one of their few responsibilities outlined in the Constitution and pass a budget, there would be no need for yet another continuing resolution. But what is another $982 billion when the last crisis … Continue reading
France Rejects Compromise; Still Time to Snatch Defeat From Jaws of Victory I have a bit of good news today. The efforts of European Council president Herman Van Rompuy to mollify the UK and other budget hawks have created such a stir that France rejects … Continue reading
From YouTube: Although it may seem counterintuitive, raising taxes on the rich does not actually increase the amount of taxes the government collects. How could this possibly be the case? According to Professor Antony Davies, it is because the many … Continue reading
From YouTube: If the U.S. government cut all government services except Social Security, Medicare, Medicaid, and payments on the debt, federal spending would still outpace revenues. Prof. Antony Davies argues that there are not specific cuts that will enable government … Continue reading
From YouTube: Washington’s dilemma. Soaring debt and a budget congress can’t balance! This video will explain WHY. Every person in AMERICA should watch this video!
The president’s new budget has allocated $800 million in aid for the “Arab Spring”. An additional $1.3 billion is proposed to be given to Egypt for a grand total of $2.1 billion. Translation: the United States will be funding the … Continue reading
With all the news about budgets and the economy, allow me try to make sense of everything. Our federal government takes in about $2 trillion annually. President Obama’s budgets have been over $3.7 trillion.