Posts Tagged ‘cuts’
Udall Statement on Super Committee’s Failure to
In response to news that the super committee has failed to reach a deficit reduction deal, Mark Udall issued the following statement urging Congress to bring the Bowles-Simpson deficit reduction proposal to the floor of the U.S. Senate and House of Representatives and to pass a balanced budget amendment to the U.S. Constitution. "Today's news is disappointing and frustrating for Coloradans who want leaders capable of making tough decisions and guiding our nation through difficult ... Full Story
Why defense spending should be cut
Why defense spending should be cut By Fareed Zakaria Published: August 3 The scary aspect of the debt deal meant to force all of Washington to its senses is the threatened cut to defense spending. If the congressional “super-committee” cannot agree on cutbacks of $1.5 trillion, the guillotine will fall and half of those cuts will have to come from expenditures on national security. As with so much Washington accounting, there is lots of ambiguity in baselines ... Full Story
Social Security cuts don’t add up
Note: The following article states that new research shows that Americans over 65 are disproportionately wealthy. The word "disproportionately" is used in a pejorative manner in this sentence. The report from Pew Research entitled "The Rising Age Gap in Economic Well-Being: The Old Prosper Relative to the Young" does not use this negatively charged word. If NPR were exercising journalist excellence here, they would not use this negatively charged word. The Pew Report, and the HuffPost ... Full Story
A lull in the debt crisis
Hear that rattling sound? It’s the can being kicked down the road. Congress and the Administration passed the “Budget Control Act of 2011” to avert the immediate debt crisis. The problem is, 70% of the spending reductions in the bill are not scheduled to occur until 2017 to 2021. Will Congressional Representatives, at that time, honor those reductions, or will they override them? Regardless, the reduction in spending will be swallowed-up many times over by Government budgeting ... Full Story
Isn’t Medicaid cut a tax hike?
How do you define a tax increase. The government getting more of your money. The following article from the Center on Budget and Policy Priorities points out that the plan before congress would shift the costs of Medicaid to those least able to afford it. For them, it is the same as a tax increase, they have less disposable income. It is all a mater of semantics and perhaps how much money you have to contributed to political candidates. Center on Budged and Policy Matters Proposal to ... Full Story
Rural America Shortchanged
By Chuck Hassebrook chuckh@cfra.org, Center for Rural Affairs The decisions we make in this time of economic and budget crisis - about what is cut and what is cast off – define who we are as a nation and shape our future. Policy makers in Washington are about to make cuts in farm and rural spending. The question is how they will cut and whether their choices reflect the values of rural America and the interests of most rural Americans. Congress must choose whether to put real, ... Full Story
