The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled Congress.
Republicans need to believe that Barack Obama is a failure on par with George W. Bush and nothing you say will change that. But if politics come up at Thanksgiving, make these points for the benefit of your relatives who are not immune to facts.
Eventually, Republicans will have to speak to people who think an America that’s safer, stronger and has better access to health care than at any time in our existence in history isn’t all that bad. To prepare them, here are a few reasons why Barack Obama isn’t George W. Bush.
While fighting to keep Islamic State out of the country, the Iraqi government seeks to rebuild the country’s infrastructure, its quality of life, and relieve its $25 billion fiscal deficit.
By Lisa Mascaro, Tribune Washington Bureau WASHINGTON — The federal deficit continues to decline thanks to budget cuts, slower growth in Medicare costs and increased tax revenue, but the nation’s long-term fiscal outlook remains troubled, according to a report Wednesday from the Congressional Budget Office. At $506 billion for fiscal 2014, the federal deficit is […]
On Wednesday, the House — by a vote of 230-188 — passed one of the six “tax extenders” bills recently approved by the Ways and Means Committee. The measure, which accounts specifically for research and experimentation tax credit, could have served as a rare example of bipartisanship: both Republicans and Democrats support the broad ideas […]
BY DAVID LIGHTMAN AND KEVIN G. HALL, McClatchy Washington Bureau WASHINGTON — Republicans in the House of Representatives are expected to rally Wednesday around a business tax break that’s likely to cost the government $155.5 billion over 10 years. They’d do it without offsetting spending cuts or tax increases. Most lawmakers have long decried such deficit spending, a […]
Senator Rand Paul (R-KY), a likely 2016 presidential candidate, has some explaining — and penance — to do. On Wednesday, Mother Jones dug up some old videos of the self-proclaimed libertarian slamming Republican hero Ronald Reagan’s economic policies for increasing government spending and debt. In 2007, while stumping on behalf of his father’s presidential campaign, […]
Over the past several months, Rep. Paul Ryan (R-WI) has attempted to rebrand himself from an austerity-obsessed weak link in Mitt Romney’s 2012 presidential campaign to the Republican Party’s foremost anti-poverty warrior (with limited success, at best). But as Ryan’s latest “Path to Prosperity” budget plan makes clear, the House Budget Committee chairman’s priorities have […]
But as much as Republicans say they care about the deficit, they are not willing to raise one dime in taxes to make a deal to cut it.
Washington (AFP) – President Barack Obama on Tuesday proposed a budget for the coming fiscal year that had less to do with managing U.S. finances than with stemming Democratic losses in congressional elections. The mildly expansionary $3.9 trillion plan will not pass Congress unscathed, but Obama will use it as a platform to underline his […]
After years of ranting about the deficit, Republicans celebrated the news that it had been cut by almost two-thirds by completely ignoring it and finding some other disingenuous talking point to rant about. The reduction in America’s budget overruns comes largely from the ending of some of the Bush tax breaks for the rich and […]
WASHINGTON — The federal deficit is likely to continue its slide — to a lower-than-expected $514 billion for 2014, the nonpartisan Congressional Budget Office reported Tuesday. Down from last year’s $680 billion, the current deficit projection would mark the lowest level since President Barack Obama took office. However, the nation’s sluggish economy still poses long-term […]
House Republicans have narrowed their debt ceiling strategies to two demands, neither of which have anything to do with actually reducing America’s debt. In exchange for a one-year extension of the debt ceiling so the Treasury can pay debts Congress has already voted to take on, Republicans want the repeal of Obamacare’s risk corridors, according […]
David Lauter, Tribune Washington Bureau WASHINGTON — For the first time since President Obama took office, reducing the federal deficit has slipped as a priority for most Americans, particularly his fellow Democrats, according to a new in-depth study of public attitudes. That shift corresponds with the president’s view. In his State of the Union speech […]
AFP Photo/Jewel Samad Although most analysts predict that the Republican Party will keep its House majority in the 2014 elections, Democrats still have a real chance of making gains. As MSNBC’s First Read points out, Republican representatives are leaving office in five districts where President Obama won at least 48 percent — suggesting that Democrats have […]