A moderately liberal Democraticly-themed blog
As most people probably know, Speaker Boehner and Senate Majority Leader Reid (acting as President Obama’s proxy) introduced competing plans over the weekend to deal with the debt limit crisis. While these plans look somewhat similar on the surface, quite a bit is different when one gets down into the nitty gritty. Republicans don’t like [...]
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 [...]
Yes…that evil of evil…that program that everyone is rioting on the streets about. The program that democrats and republicans are united in gnashing teeth over! The one! The only!… Presidential Election Campaign Fund: Senate Republican Leader Mitch McConnell introduced legislation Wednesday to save taxpayers $617 million over 10 years by ending taxpayer funding of the [...]
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 [...]
