State Debt: Washington's Next Budget Headache?
As Capitol Hill takes a breather from the budget battles, here’s an overview of the unresolved debates and still-mounting spending skirmishes. Congress may have finally approved the FY11 budget this week, but the next battles have already begun. The deficit debate awaits a proposed centrist …GOP Freshmen Rally Behind Ryan Budget
The GOP allied behind Ryan's budget Friday. Yet amongst freshmen members, many who voted for the Ryan plan were also expressed support for the more aggressive RSC plan. The Republican Conference rallied around Rep. Paul Ryan budget plan this afternoon and approved the framework for the 2012 fiscal …Centrists' Deficit Numbers Don't Add Up
The Gang of Six's efforts to reach a budget deal deserve praise. But by using Obama's deficit commission report as a starting point, their plan may not be much good. The Senate Gang of Six's efforts to reach a budget deal deserve a lot of praise: by putting everything including defense, security …Obama's Do Nothing Deficit Plan
Obama's deficit plan is atrocious. In short, he doesn’t want to cut entitlements (so there’s no long-term solution) but he does want to raise your taxes. The deficit plan presented by Obama is atrocious. In short, he doesn’t want to cut entitlements (so there’s no real long-term solution) and he …GOP Freshmen: No Tax Hikes to Cover Deficit
Freshmen Republicans reacted negatively to President Obama's speech on the deficit Wednesday, with many echoing Boehner's 'line in the sand': no new taxes. Freshmen Republicans reacted to President Obama's speech on the deficit Wednesday, with many echoing Speaker Boehner's 'line in the sand' - no …Why This Dem Loved Obama's Speech
While he could have offered more specifics, Obama's Wednesday afternoon speech on deficit reduction gave the Democratic base what they wanted to hear. Once again, Barack Obama has given a hell of speech when he had to. While it can be argued that he could have offered more specifics, the …Obama: I'll Cut $4 Trillion
In the President's speech on how he would reduce the deficit, he spent most of his time attacking the GOP budget. Full speech transcript here . 2:43pm: This didn't feel like a policy speech, even though it was sprinkled with policy ideas. The main focus and the meat of the speech came from …Will Congress Buy Ryan's No Nonsense Budget?
Paul Ryan has taken the great leap forward by proposing a budget which tackles the real drivers of our debt crisis. But is Washington ready to act? Paul Ryan, House Budget Committee Chairman and realist, has taken the great leap. He has publicly proposed a budget resolution for Fiscal Year …Will Japan Crisis Hike Interest Rates?
In the aftermath of the recent earthquake, will Japan stop purchasing U.S. debt and instead focus on its own recovery? Japan is the second largest foreign holder of US debt after China. In the aftermath of the recent earthquake it is expected that Japan will likely stop purchasing US debt and …Household Debt Drop: Sign of Recovery?
U.S. consumers continue to pay down debt. Last quarter, household wealth rose $2.1 trillion. Is this the basis for a strong recovery? The basis for recovery? U.S. consumers continue to pay down debt. From the Wall Street Journal : Household debt fell by about 0.5%, the 11th straight …Budget Fight: GOP & Dems Dig in For Round Two
While the media is focused on the House GOP CR and the coming debt ceiling fight, there's another battle that's been forgotten: the 2012 fiscal year budget. The Monongahela, Allegheny and Ohio Rivers converge in Pittsburgh. Most readers will find that fact neither new nor particularly insightfu…Senate Passes Two Week Spending Bill
Senate Passes Two Week Spending Bill Washington Post reports: The Senate on Wednesday approved a stopgap measure that would keep the federal government funded through March 18, sending the bill on to President Obama for his signature. The bill, which would cut $4 billion in …