2012 budget

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Paul Ryan Unveils Massive Cuts in GOP Budget

At the same time, it would lower taxes on corporations, the rich

(Newser) - Republicans unveiled a bold 2012 budget proposal today that, architect Paul Ryan boasts in a Wall Street Journal op-ed, “moves the debate from billions in spending cuts to trillions.” Ryan’s budget comes in at $3.53 trillion , or $179 billion less than President Obama’s . But he...

New GOP Budget Would Cut $4T

Plan would drastically slash Medicare

(Newser) - In an attempt to reframe the budget debate, Republicans are proposing a 2012 budget that features $4 trillion in spending cuts over the next decade—and would end Medicare as we know it, reports the Wall Street Journal . Democrats won’t likely support the 2012 plan, helmed by House Budget...

Why I Joined the Budget Protest Fast
 Why I Joined the 
 Budget Protest Fast 
MARK BITTMAN
Mar 30, 2011 11:33 AM CDT

Why I Joined the Budget Protest Fast

The GOP budget will directly cause people to go hungry

(Newser) - More than 4,000 people are fasting in protest of the GOP’s proposed budget cuts—and food writer Mark Bittman is one of them. That may seem surprising—“after all, I eat food for a living”—but once he took a good look at the proposed cuts,...

Hunger Activists Starve to Protest GOP Budget Cuts

Cuts come 'on backs of poor, hungry,' say strikers

(Newser) - With the GOP salivating over budget cuts, a group of religious leaders and anti-hunger activists are going on a hunger strike in response to measures they say go too far. “The budget is a moral document,” said former Rep. Tony Hall, the head of the Alliance to End...

Dems to Offer GOP Another $20B in Spending Cuts

...bringing total to $30B, which may not satisfy Republicans

(Newser) - With the threat of a government shutdown less than two weeks away, all eyes are on the budget. The White House and congressional Democrats are working on a proposal to cut another $20 billion in spending, insiders tell the Wall Street Journal . It’s the biggest cut the administration and...

White House Offers Another $6.5B in Cuts

Officials: We're meeting GOP 'halfway' with budget proposal

(Newser) - The White House has proposed another $6.5 billion in spending cuts, its latest offer in an effort to avoid a government shutdown as another deadline looms. Vice President Biden brought the proposal to talks with congressional leaders yesterday. While it’s far less than the House’s proposed $61...

Government Shutdown Poll: Republicans, Democrats Both to Blame

 Public Would 
 Blame Everyone 
 for Shutdown 
Poll Numbers
Mar 1, 2011 10:59 AM CST

Public Would Blame Everyone for Shutdown

Equal numbers blame each side

(Newser) - If Democrats think a government shutdown might help them politically, they might want to think again: A new survey indicates that the public would blame both parties equally for the shutdown. In a Washington Post poll, 36% say they’d blame Republicans for the shutdown, while 35% say they’d...

Boehner: Cut Spending, or Expect March 5 Government Shutdown
Boehner: Cut Spending, or Expect March 5 Shutdown
UPDATED
Feb 18, 2011 11:31 AM CST

Boehner: Cut Spending, or Expect March 5 Shutdown

House Speaker says he won't extend current funding levels

(Newser) - Zero hour is rapidly approaching for the federal budget, and John Boehner made it clear yesterday that he’s ready for a showdown. The temporary spending measure that’s keeping the government running expires on March 4, and Boehner said he wouldn’t extend it to give lawmakers more time...

House Wades Through 600 Spending Cut Proposals

Democrats call moves 'Extreme and indiscriminate'

(Newser) - There was a flurry of actual policy debate on Capitol Hill yesterday, as Republicans, determined to slash $60 billion to $100 billion in spending, waded through some 600 amendments, debating everything from health care reform to wild horses roundups, the Los Angeles Times reports. John Boehner has scrapped rules past...

Obama to GOP: Don't Make Me Veto Spending Bill

Says GOP proposal goes too far

(Newser) - President Obama issued a formal statement yesterday threatening to veto any spending bill the House GOP devises that doesn’t meet his specifications. “If the president is presented with a bill that undermines critical priorities or national security … the president will veto the bill,” the statement read,...

Obama to Budget Critics: Wow, You're Impatient

President also blasts Iran leaders as hypocrites in news conference

(Newser) - Two main themes are emerging from President Obama's news conference this afternoon—he called out Iran over its violent crackdown on protesters and said critics of his budget plan were way too "impatient":
  • On Iran: "I find it ironic that you've got the Iranian regime pretending to celebrate
...

Hey, Kids: Obama Just Screwed You Over

 Hey, Kids: 
 Obama Just 
 Screwed 
 You Over 
andrew sullivan
Feb 15, 2011 11:33 AM CST

Hey, Kids: Obama Just Screwed You Over

President isn't serious about debt crisis, writes Andrew Sullivan

(Newser) - President Obama’s new budget proposal is a cop-out, proposing no cuts whatsoever in entitlement or defense spending—and that makes him a hypocritical coward, writes Andrew Sullivan of the Atlantic . “He has betrayed those of us who took him to be a serious president,” Sullivan fumes. “...

Obama Budget Throws Ambition to the Wind

President dials it down with eye on 2012

(Newser) - If President Obama’s new budget proposal is any indication, he’s vastly dialed back his first-term ambitions in the hopes of winning a second one, observe Peter Wallsten and Perry Bacon Jr of the Washington Post . Whereas two years ago Obama laid out a sweeping New Deal-esque plan with...

Winners, Losers in Obama's Budget

Kent Conrad, this is not going to be fun

(Newser) - President Obama released his budget today, giving pretty much everyone an ax to grind. But Meredith Shiner over at Politico runs down a list of the winners—as well as the losers—in the president's 208-page financial blueprint. Winners
  • Arne Duncan: Betting big on bipartisan support for education reform, the
...

Obama: Deficit to Hit $1.6T
 Obama: Deficit to Hit $1.6T 
Feb 14, 2011 7:53 AM CST

Obama: Deficit to Hit $1.6T

White House unveils $3.7T budget, plans to cut spending

(Newser) - The White House expects the national budget deficit to peak at $1.65 trillion this year, or roughly 10.9% of GDP—its highest level since World War II, the Wall Street Journal reports. That figure—which is significantly more pessimistic than the Congressional Budget Office’s $1.48 trillion...

Obama to Propose Middle-Ground Budget Cuts

Proposed cuts will reduce deficits by $1.1T over 10 years

(Newser) - The budget cuts President Obama will propose tomorrow likely won’t be as deep as Republicans want , but they will nonetheless promise $1.1 trillion in deficit reductions over the next decade, according to a senior administration official. Among the proposed areas to be affected in the fiscal 2012 budget:...

Obama's Next Budget Cut: Heating Aid for Poor

Move likely to draw sharp opposition from Democrats

(Newser) - President Obama’s 2012 budget proposal will include a drastic cut in a program that gives heating assistance to poor people, officials tell the National Journal . The move is likely to draw sharp opposition from Obama’s own party; earlier today, Chuck Schumer called a similar Republican proposal “extreme,...

Obama Proposes Boosting Unemployment Tax

Companies would pay more to insure workers

(Newser) - President Obama’s proposed budget is expected to call for the first increase in unemployment taxes since 1983. Employers would, as of 2014, have to pay taxes on $15,000-worth of wages, up from the current $7,000, the Wall Street Journal reports. The move would give states a way...

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