federal spending

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Don't Fear Debt &mdash;Failed Reform Is Scarier
Don't Fear Debt —Failed Reform Is Scarier
OPINION
Aug 28, 2009 6:19 AM CDT

Don't Fear Debt —Failed Reform Is Scarier

Krugman: We need deficits in a recession; they 'saved the world'

(Newser) - Paul Krugman isn't surprised that the projected $9 trillion deficit over the next decade is being greeted as a sign of economic apocalypse—and that commentators think it proves health care reform should be scuppered. In fact, he writes in the New York Times, it's good to run a deficit...

TARP Watchdog: Bailouts May Cost US $24T

Number based on 'hypothetical maximum,' Treasury counters

(Newser) - The special inspector overseeing Treasury’s TARP program says federal assistance to banks and other financial entities could end up costing taxpayers $23.7 trillion, Bloomberg reports. Aside from the $700 billion bailout, Neil Barofsky says in testimony prepared for told Congress tomorrow, other trillion-dollar federal programs could balloon. “...

Feds Showing More Love for Uglier Endangered Species

(Newser) - When you’re an endangered species jockeying for federal funding, good looks are historically a plus. That may be changing, the Washington Post reports. In the past, researchers note, “there has been a very heavy bias toward ‘charismatic megafauna’—relatively large, well-known birds and mammals.” But...

Obama Promises 600K Stimulus Jobs

Public works, schools, summer youth programs to see US cash

(Newser) - President Barack Obama promised today to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools, and summer youth programs. Obama is ramping up his stimulus program this week, promising an accelerated pace of federal spending...

Obama to Cabinet: Cut $100M From Budgets

Move comes amid pressure to slice deficit

(Newser) - Facing pressure over spending, President Obama will unite his Cabinet today for the first time and ask members to find $100 million worth of potential budget cuts over the next 90 days, the Washington Post reports. Though it’s a tiny sum compared to a $3.5 trillion budget outline,...

Angry McCain Slams Obama Over Earmarks

Old spending bill proves minefield for Democrats

(Newser) - Democrats were hoping they could sneak the $410 billion omnibus spending bill from last fall quietly through the Senate and onto the president’s desk, to make way for the 2010 budget. But John McCain is having none of it. “If it seems like I’m angry, it’s...

Alaskans Erupt Over Jindal Volcano Jab

(Newser) - Alaskans of all stripes are incensed by Louisiana Gov. Bobby Jindal’s disparaging comments Tuesday about the necessity of volcano monitoring, the Anchorage Daily News reports. It’s “a matter of life and death in Alaska,” Sen. Mark Begich wrote the Republican. Even Gov. Sarah Palin’s office...

Don't Like the Stimulus? Don't Take the Cash
Don't Like the Stimulus? Don't Take the Cash 
OPINION
Feb 16, 2009 2:21 PM CST

Don't Like the Stimulus? Don't Take the Cash

Opponents can be 'guinea pigs' for alternate plans: Begala

(Newser) - Here’s a clear way for political leaders to oppose spending in the stimulus package: “refuse to take the money,” Paul Begala writes for CNN. Case in point: South Carolina’s governor, who opposes the plan, shouldn’t help his struggling state with federal cash. Instead, he can...

House Dems Debut $825B Stimulus Bill

Public works, education get plenty of attention in measure

(Newser) - House Democrats today introduced a long-awaited stimulus package, developed with President-elect Obama, and totaling $825 billion, the New York Times reports. The economic recovery plan includes billions in tax cuts, Medicare subsidies, and public-education and infrastructure spending. The Senate is developing its own version, and vigorous debate is anticipated as...

Obama Letters Promised Gov't Workers an Overhaul

He wooed bureaucrats with expanded roles

(Newser) - With the election fast approaching, Barack Obama sent letters to seven federal agencies, hoping to win the votes of their employees with detailed—and generally very generous—promises, the Washington Post reports. Obama promised to make departments more powerful and effective, to improve worker rights, and eliminate unpopular Bush practices....

Earmarks Show Palin's Quite the Political Animal
Earmarks Show Palin's Quite the Political Animal
ANALYSIS
Sep 11, 2008 3:52 PM CDT

Earmarks Show Palin's Quite the Political Animal

Fish, crabs, and seals studied with millions Alaska gov. requested

(Newser) - Despite what he calls her “recasting as an anti-earmark champion,” Ben Smith writes in Politico that Sarah Palin has consistently sought millions in such funds for her home state of Alaska. But while "every self-respecting mayor and governor in America seeks federal dollars for local projects,"...

Federal Budget Deficit More Than Doubles, to $407B

Stimulus package contributed; figure is expected to break record in fiscal '09

(Newser) - The federal deficit will swell to $407 billion in the fiscal year that ends this month, the Washington Post reports, a figure more than twice last year’s total. Congressional budget analysts blamed the surge on weak revenue growth and accelerated spending, including the $168 billion economic stimulus package. They...

Why Alaska Isn't Like Any Other State
Why Alaska
Isn't Like Any Other State
ANALYSIS
Sep 4, 2008 11:55 AM CDT

Why Alaska Isn't Like Any Other State

'Frontier mentality' leaves openings for politicians like Palin

(Newser) - Alaska, with its short history as a state and its independent spirit, continues to earn its nickname as America’s “last frontier.” But it’s the state’s oil revenues, corruption, and very local politics that enabled Sarah Palin to thrive, the New York Times reports. And as...

Palin Projects Hit Mac's Pork List

Requests from Sarah Palin made it onto McCain's 'pork list' 3 times

(Newser) - Requests from Sarah Palin made it onto John McCain's "pork list" of objectionable spending three times while Palin was mayor of Wasilla, the Los Angeles Times reports. McCain's lists came as part of his long campaign against the earmarking system in which members of Congress can chuck cash at...

Bush Legacy of Debt May Stymie Successor

He will unveil record $3T budget as deficit soars

(Newser) - The next president may inherit a US government so deeply in debt it could lose its Triple-A credit rating for the first time since Moody's Investors Service began grading securities 90 years ago, warns the Wall Street Journal. The White House is preparing to unveil a record $3 trillion budget...

Pricey Pet Projects Thrive in Congress

Despite criticism, lawmakers stuff budgets with earmarks

(Newser) - The earmark lives. Despite much public clamoring about lawmakers loading up budgets with expensive pet projects, not much changed this year: The domestic and defense budgets contain more than 11,000 such earmarks, the Washington Post reports. "It would take leadership in both parties—and a lot more shame—...

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