Category Archives: Budget

It’s D-day for state budgets

By doris | Published: July 1, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Despite all the heated rhetoric and the gloomy economic forecasts, most states will start the new fiscal year Friday with budgets in place. But it looks likely that at least three states — Minnesota, Iowa and Massachusetts — could miss the deadline. Lawmakers and governors in several [...]

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Unemployment Benefits Cut in South Carolina

By doris | Published: June 24, 2011

Full Story at news.Yahoo.com South Carolina Gov. Nikki Haley signed into law this week legislation reducing the total number of weeks jobless workers eligible for regular unemployment benefits could receive said benefits. The customary number, one used until recently across the United States, was 26 weeks. Under the newly passed legislation, according to The State, [...]

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Debt talks collapse, Republicans walk out over taxes

By doris | Published: June 23, 2011

Full Story at news.Yahoo.com WASHINGTON (Reuters) – U.S. budget talks collapsed on Thursday after Republican negotiators walked out, throwing doubt on Washington’s ability to reach a deal that would allow the government to keep borrowing and avoid a debt default. Representative Eric Cantor, the No. 2 Republican in the House of Representatives, said participants had [...]

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Haley Opens Dangerous Can of Worms Over GOP Primary Funding Refusal

By doris | Published: June 22, 2011

Full Story at news.Yahoo.com COMMENTARY | South Carolina Gov. Nikki Haley has decided there is no room in the state budget to help with the funding of the Republican primary. Even though the Haley is a Republican, she does not believe it should be the responsibility of the state to come up with funding for [...]

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Paul Ryan confronts Obama on Medicare

By doris | Published: June 1, 2011

Full Story at POLITICO.com Rep. Paul Ryan directly confronted President Barack Obama over Democratic ridicule of Ryan’s controversial Medicare overhaul plan – while other GOP leaders accused the president for “demagoguery” during a chilly bipartisan White House meeting. Ryan, a Wisconsin Republican who chairs the House Budget Committee, pressed the president to stop describing his [...]

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McConnell rejects higher taxes on oil firms

By doris | Published: May 16, 2011

Full Story at msnbc.com WASHINGTON — Senate Republican Leader Mitch McConnell on Sunday rejected a proposal to scale back tax breaks for big oil firms, calling it a political maneuver.McConnell said the Democratic plan to repeal major tax incentives would “raise the price of gas at the pump, send jobs overseas” and make the United [...]

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In one stroke, a new Obama national security team

By doris | Published: April 30, 2011

Full Story at msnbc.com WASHINGTON — The reshuffled national security team President Barack Obama introduced on Thursday will be charged with fighting not only the overseas war in Afghanistan but also budget battles at home over Pentagon spending that has ballooned into a fat target for politicans exercised by the national deficit. As his re-election [...]

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House Budget Chair Ryan backs cutting oil subsidies

By doris | Published: April 29, 2011

Full Story at msnbc.com WASHINGTON — House Budget Committee Chairman Paul Ryan said on Thursday he supports cutting tax breaks for the oil industry as lawmakers search for ways to battle rising gasoline prices. In response to a question at a town hall meeting in Waterford, Wis., the Republican congressman said he agreed that oil [...]

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Senate Republicans to force vote on Obama’s budget

By doris | Published: April 28, 2011

Full Story at PoliticalTicker.Blogs.cnn.com Washington (CNN) – A day after Senate Democrats announced they would force a vote on an House-passed Republican budget for next year that makes dramatic changes to Medicare – in order to test if Senate Republicans really support it – Senate GOP Leader Mitch McConnell said he would force a vote [...]

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Who pays for Obama’s Medicare plan? Hint: Not seniors

By doris | Published: April 18, 2011

Full Story at money.cnn.comLeave medicare alone. Put back the money you took out of SS, you would not have to don anything now. They took money out twice and never put it back what is wrong with you people. That money was not to be touched son now we could have it. You are hurting [...]

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Meanest budget cuts

By doris | Published: April 15, 2011

Full Story at Money.cnn.com Community health centers serve about 20 million people at 7,000 locations around the country. They primarily cater to those without health insurance. Under the budget deal agreed to by Congress Thursday, the centers would see their funding slashed by $600 million for the remainder of 2011. A Democrat staffer on the [...]

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Will the Budget Cut Deal Hurt the Economic Recovery?

By doris | Published: April 13, 2011

Full Story at CuriousCapitalist.blogs.time.com Most people seemed to agree that the narrowly avoided government shutdown would have hurt the economy. But the question is whether the budget deal struck to avert the shutdown will hurt the economy more than if Washington had just turned off the lights? The budget deal struck by President Obama and [...]

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