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Posts Tagged ‘deficit’
Anti-Appropriations Committee May Help Cut Federal Spending
Conservatives are beginning to push the idea of an “anti-appropriations” committee, whose purpose would be to cut wasteful spending out of the federal government. Modeled on the “Byrd Commission” of the 1940′s, the commission would recommend ways to reduce spending that would then be given an up or down vote...
Voters Prefer Cutting Deficit; See Democrats as Extremists
Voters in swing districts are telling polls that they want to see the deficit cut more than greater government spending. While this issue splits along partisan lines, with Republicans backing deficit cutting and Democrats supporting spending, independent voters break towards the GOP on economic issues. 52% cited debt reduction as...
Boehner calls for firing of Geithner, Summers
House Minority Leader John Boehner (R-OH) today called on the Obama Administration to remove Treasury Secretary Timothy Geithner and Economic Adviser Larry Summers. During a speech laying out an economic agenda for the GOP, Boehner said that Geithner and Summers have spent the last 19 months promoting ‘government as community organizer’ and...
Rep. Paul Ryan pushes budget reform, and his party winces
Rep. Paul Ryan (R-WI) is one of the most prominent members of Congress on the Republican side, often talked about for future office. Ryan is currently focusing on getting his fellow Republicans to get serious about tackling our national debt, including the reform of Medicare and Social Security. Ryan makes...
CBO tells Congress the deficit is unsustainable
The Congressional Budget Office informed Congress this week that the growing budget deficits will cause debt to rise to unsupportable levels, eventually reaching an undetermined tipping point that will cause another financial crisis. As of now, federal debt stands at 62% of GDP. The last time it exceeded 50% was...
Democrats continue free spending ways, even in face of daunting deficits
Speaker Nancy Pelosi continues to follow the Democratic Party’s line that government spending will help to stimulate the economy: Pelosi said that increasing unemployment benefits is one the best ways to stimulate the economy and create jobs. In an election year where the economy and fiscal issues are the top...