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Posts Tagged ‘spending’
Alaska Senate Race hinges on how Alaskans feel about federal dollars
Now that incumbent Sen. Lisa Murkowski has been denied the Republican Senate nomination, the Alaska Senate race may come down to a Democrat who emphasizes federal spending against a Republican who has pledged to take no earmarks. Joe Miller, who captured the GOP nomination by upsetting Murkowski, has become a...
Pelosi plans to call House back from recess to vote on “State Bailout”
Speaker Nancy Pelosi is calling all members of the House of Representatives back from summer recess to vote on what is in effect a “state bailout”. The bill is made up of two parts, an Education Jobs Fund aimed at teachers, while releasing Medicaid funding to states struggling to balance...
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...
Florida’s Rubio releases plans to reduce federal spending
Marco Rubio, the GOP nominee for the U.S. Senate in Florida, has released a dozen proposals aimed at reducing federal spending. Rubio joins with other Republican candidates who are promoting shrinking the federal government and reducing its workforce as a part of their 2010 campaign platform. Rubio said that “Every...
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...
The Stimulus Mask: drop in new home sales shows interventionist policy failures
New figures released today regarding home sales in May seem to tear the mask off of current government interventions as the solution to our economic turmoil, according to an article from The New York Times today: Sales of new homes dropped to a record low in May, according to new...