A moderately liberal Democraticly-themed blog
There was a huge bru-ha-ha on Twitter yesterday about a supposed plan being offered by Obama to Boehner that would have offered anywhere from $2 trillion to $3 trillion in cuts in exchange for an increase in the debt ceiling and essentially the promise that they would look at tax reform next year, but with [...]
Clearly Democrats hit a cord when they started rolling out the line that soldiers could get paid during a shutdown, because almost immediately, the GOP came up with a brilliant plan: propose a continuing resolution that, on top of cutting yet another $12 from the budget, pays for the military for the rest of the [...]
Obama’s new budget that he is releasing is expected to reduce the deficit by $1.1 trillion over the next 10 years, roughly 1/3 by the budget freeze, 1/3 from tax increases, mostly by rolling back the Bush tax cuts, and 1/3 from additional budget cuts. Of course, that averages out to about $110 billion a [...]
The CBO has released a report saying the the federal budget deficit for FY2011, which runs from October 1, 2010 to September 30, 2011, is expected to be $1.5 trillion, the highest actual dollar amount ever, though it is a slightly small in % of GDP as the deficit in 2009, but it is an [...]
