government spending

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Righties to Unveil $2.5T in Spending Cuts

Proposal would cut or drastically shrink more than 50 programs

(Newser) - House Republicans are about to unveil a massive spending reduction bill that would slash $2.5 trillion in spending over the next 10 years. Rep. Jim Jordan, chair of the Republican Study Committee, will unveil his “Spending Reduction Act” at a Heritage Foundation speech today, the Daily Caller reports....

Tax Deal Is First Debate of 2012 Presidential Race: Sarah Palin, Mitt Romney Face Off Against Mike Huckabee, Newt Gingrich, Others
First Debate for
GOP 2012: Tax Deal
Dec 15, 2010 10:57 AM CST

First Debate for GOP 2012: Tax Deal

Tea Partiers hate it, mainstream contenders support it

(Newser) - There’s still a while to go before the official 2012 debates begin—but we have the first unofficial one on our hands, in the form of President Obama’s tax deal. Despite strong support in a vote Monday (only five Republican senators voted against it), 2012 contenders are drawing...

House Passes $1.1 Spending Bill
House Passes
$1.1T Spending Bill
Dec 9, 2010 4:50 AM CST

House Passes $1.1T Spending Bill

Stripped-down bill freezes spending

(Newser) - The House has staved off a government shutdown by passing a $1.1 trillion bill funding government operations through October 2011. The measure, which covers everything from the military to national parks, is essentially last year's budget extended with a few tweaks, Reuters reports. Earmarks were prohibited and $46 billion...

Romney: Obama Must Kill Big Gov't
 Romney: Obama  
 Must Kill Big Gov't 
OPINION
Nov 3, 2010 12:54 PM CDT

Romney: Obama Must Kill Big Gov't

Ex-governor tells Obama to seize his 'Nixon to China' moment

(Newser) - In the wake of the election, Mitt Romney thinks Barack Obama should “seize his ‘Nixon to China’ opportunity.” And by China, he means the US government. “Government is a greater threat to America in 2010 than China was in 1972,” Romney writes in an op-ed...

Deficit Breaks $1T Again

 Deficit Breaks 
 $1T Again 
Oct 15, 2010 7:10 AM CDT

Deficit Breaks $1T Again

Budget gap shrinks, but is set to grow

(Newser) - The federal budget deficit is set to break a trillion dollars for the second year in a row, the Obama administration is set to report today. Officials foresee a deficit of $1.29 trillion for the 2010 budget year that ended Sept. 30, the AP reports, down from last year’...

Who Is Getting Gulf Cleanup Contracts?
 Who Is Getting Gulf 
 Cleanup Contracts? 
ANALYSIS
Sep 13, 2010 5:15 PM CDT

Who Is Getting Gulf Cleanup Contracts?

Review finds some oddball examples of big spending by feds

(Newser) - It might have been cheaper if the feds had plugged BP's blown wellhead with dollar bills—or so an early AP analysis of Uncle Sam's expenditures on the response and cleanup. Mind you, these details are for the first $142 million the government is disclosing, a small fraction; BP , however,...

Social Security Is Just Fine

 Social Security Is Just Fine 
Paul Krugman
Aug 16, 2010 1:41 PM CDT

Social Security Is Just Fine

There's no crisis, conservatives just hate the program

(Newser) - Social Security turned 75 last week, but nobody felt much like celebrating, because the program is under an “unnecessary, unfair and—let’s not mince words—cruel attack,” writes Paul Krugman of the New York Times . Some Democrats and most Republicans claim social security is in crisis, and...

Tea Partiers Decry Socialism But Want Gov't Jobs
 Tea Partiers Decry Socialism 
 But Want Gov't Jobs 
BLOOMBERG POLL
Mar 26, 2010 9:20 AM CDT

Tea Partiers Decry Socialism But Want Gov't Jobs

Turns out not all 'socialist' programs are bad

(Newser) - Upwards of 90% of tea partiers are convinced that the US is creeping away from capitalism towards socialism, but they aren’t as stridently opposed to that as you might think. Sure, roughly the same number think the country is headed in the wrong direction, according to a new Bloomberg...

Deficit's Not a Dirty Word
 Deficit's Not a Dirty Word 
EJ DIONNE JR
Mar 11, 2010 4:00 AM CST

Deficit's Not a Dirty Word

'There's smart debt and stupid debt'

(Newser) - The debate over the deficit is being crippled by a failure to face up to what we need the government to do, writes EJ Dionne Jr. To have a rational debate about the budget, lawmakers should admit that running a deficit during a time of high unemployment is a good...

Brown Ripped for Vote on Jobs Bill

Senator mounts defense as Facebook friends mutiny

(Newser) - Scott Brown is getting flack from all sides for his decision to cross the aisle and vote to end debate on the Senate's $15 billion jobs legislation. The Drudge Report splashed the story on its homepage and tinted a photo of the Massachusetts senator an incriminating red. Far more vociferous...

'Stupid' Leadership Has Sapped America's Hope

Business is losing faith as government spends like spoiled kids

(Newser) - The economy's growing again but the people Peggy Noonan talks to—"the American leadership class who are not in Washington, most especially those in business"—have lost their confidence that a turnaround is coming. That's because they don't think the government has any solutions to America's problems other...

If Congress Can't Pass Health Reform, Yank Their Coverage

Pols should be punished for 'longstanding and grievous breach of responsibility: Kristof

(Newser) - Nicholas Kristof has a modest proposal for lawmakers who vote down health care reform. If universal coverage is defeated, he writes, let’s take away the insurance of 15% of Congress, at random, and cut benefits to an inadequate level for another 8%. “I wouldn’t wish the trauma...

Rove: Health Care Bill Is Gift to GOP
Rove: Health Care Bill Is
Gift to GOP
OPINION
Oct 8, 2009 4:05 AM CDT

Rove: Health Care Bill Is Gift to GOP

Backlash against spending will be 'boon' to party in 2010

(Newser) - The GOP is winning the debate on health care and it'll win control of Congress as well if the Democrats manage to pass a health care bill, writes Karl Rove. Senate Finance Committee Chair Max Baucus wants to "front-load" the bill with hefty tax hikes that will kick in...

Congress Votes to Boost Own Budget

Capitol Hill scoffs at belt-tightening, jacks funding 5.8%

(Newser) - With local governments around the country tightening their belts, Congress is loosening theirs. The House last week approved a 5.8% bump in the legislative budget, and the Senate is poised to do so as well. That’ll bring Capitol Hill’s annual budget to $4.7 billion, Politico reports....

Thousands of DC Protesters Blast Obama Policies

Demonstration stretches for blocks along Pennsylvania Avenue

(Newser) - Tens of thousands of people marched to the US Capitol today, carrying signs with slogans such as "Obamacare makes me sick" as they protested the president's health care plan and what they say is out-of-control spending. The line of protesters spread across Pennsylvania Avenue for blocks, all the way...

Furloughs Freeze State Services

Strapped states try to balance budgets by shutting down

(Newser) - States across the country are slashing their labor costs by putting workers on furloughs and cutting services, the Wall Street Journal reports. California, Maine, Maryland and Michigan close state agencies on Fridays. Others are opting to remain open every weekday, but stretch services by placing thousands of workers on rolling...

Help Wanted: Fed Govt. Needs 600K New Workers

270K new hires deemed critical to make up for retirement

(Newser) - The federal government must hire 600,000 people over the next 4 years to balance a wave of retirement and keep pace with President Obama’s ambitions, the Washington Post reports. Nearly half of those positions are considered absolutely essential for agencies to provide their services, a new report states,...

Big Government Prevented Great Depression II
Big Government Prevented Great Depression II
OPINION
Aug 10, 2009 8:22 AM CDT

Big Government Prevented Great Depression II

...And Republicans kept demanding that it step aside and allow it

(Newser) - The economy isn’t in great shape, but we’re going to avoid Great Depression II, writes Paul Krugman in the New York Times. “What saved us? The answer, basically, is big government.” Unlike the private sector, the government didn’t decrease spending as its income decreased, which...

DC Deficit Fixer: Print on Both Sides of Paper

$102M in painfully obvious cuts shows how outdated gov't is

(Newser) - A short while ago, President Obama called on his Cabinet to make budget cuts in their departments totaling $100 million. They came up with $102 million, but some of the cuts were so obvious one wonders why it took a presidential edict to elicit them, the Wall Street Journal notes....

It's Too Soon for Feds to Ease Up on Economy
It's Too Soon for Feds to Ease Up on Economy
OPINION
Jun 15, 2009 9:42 AM CDT

It's Too Soon for Feds to Ease Up on Economy

If Washington cuts off the cash, recession will worsen: Krugman

(Newser) - With critics prematurely calling on Washington to scale back financial rescue efforts, economic history fans see “déjà vu all over again,” writes Paul Krugman in the New York Times. This is the third time a major economy has been stuck in a liquidity trap, and both previous...

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