Budget
A budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues.
EDITORIAL: Big spenders on the Chesapeake
Posted by admin / Under Budget
Maryland Gov. Martin O'Malley may be more skilled at implementing President Obama’s agenda than the White House itself. The Democratic governor is bringing the same big-spending, high-tax and class-warfare policies to the Free State. It’s going to cost residents a bundle. Tough economic times have forced ordinary Americans to cut back in order to get by. Not so Mr. O’Malley, who spends $35.9 billion in the budget released last month. That’s up from $34.2 billion last year and $32 billion the year before that. As Maryland Business for Responsive Government points out, the general fund budget fattened 11.4 percent last...
Published on Monday 6th of February 2012 02:31:02 PM
Democrats may be Jerry Brown's big hurdle on budget
Posted by admin / Under Budget
Gov. Jerry Brown and his fellow Democrats in the Legislature settled on a hastily revised state budget last June – after Brown had vetoed legislators' first version – and pronounced it to be balanced and timely. "My colleagues and I have voted on a responsible budget," Assemblyman Roger Dickinson, D-Sacramento, told constituents in a newsletter, adding, "While we have projected additional revenues, we have also identified further tough cuts if these revenues are not realized. We are charged with the responsibility to pass a balanced budget on time. Democratic lawmakers have done so." Dickinson wasn't alone in crowing to constituents...
Published on Monday 6th of February 2012 02:31:02 PM
Reid: No, I don’t plan to bring a budget to the floor this year (Thanks for that,Nevada)
Posted by admin / Under Budget
It's been more than 1,000 days since the Senate has passed a budget, but Senate Majority Leader Harry Reid is unconcerned. In fact, he says he has no plans to bring a budget to the floor in 2012, either. He argues the 2012 budget is already done because last summer's debt-ceiling deal included a few spending caps. Essentially, Reid wonders: Why do we need a long-term spending plan when we can stumble into some spending caps here and there? The Hill was first to this story: “We do not need to bring a budget to the floor this year —...
Published on Monday 6th of February 2012 02:31:02 PM
Reid: This year's budget is done (Lead RAT: no "need to bring a budget to the floor this year")
Posted by admin / Under Budget
Reid: This year's budget is doneBy Vicki Needham - 02/03/12 06:00 PM ET Senate Democratic leaders on Friday said they do not intend to bring a fiscal 2013 budget up for a floor vote. "We do not need to bring a budget to the floor this year — it's done, we don't need to do it," Senate Majority Leader Harry Reid (D-Nev.) told reporters on Friday. Reid and Sen. Charles Schumer (D-N.Y.) argued that the debt-limit agreement in August directs spending for the next year and said Senate Appropriations Chairman Daniel Inouye (D-Hawaii) has already asked the heads of the...
Published on Monday 6th of February 2012 02:31:02 PM
Budget lines drawn at (Iowa) Statehouse: GOP plan includes state workers paying for insurance
Posted by admin / Under Budget
DES MOINES — Legislative Republicans proposed Thursday to spend $182 million less than Gov. Terry Branstad’s $6.242 billion budget plan for next fiscal year and about $119 million under majority Senate Democrats’ targets by providing less money to education, human services and economic incentives and requiring state employees and elected officials to pay $200 a month for their health insurance coverage. All three competing and contrasting fiscal 2013 budget approaches offered by the governor and leaders of the split-control Legislature would fully fund spending commitments already approved last session, including a 2 percent “allowable growth” increase for K-12 public schools...
Published on Monday 6th of February 2012 02:31:02 PM
GOP Attacks Obama For Opposing Repeal Of Obamacare After His Own Administration Declares...
Posted by admin / Under Budget
Senate Minority Leader Mitch McConnell (R-Ky.) on Wednesday criticized President Obama for opposing the GOP effort to repeal a key portion of the 2010 healthcare law. McConnell noted in his criticism on the Senate floor that the Obama administration itself decided the program is not financially viable. The House today is expected to vote to repeal the Community Living Assistance Services and Supports (CLASS) program, a voluntary, long-term health program that the Department of Health and Human Services said in October had no viable path forward. “Yet for some reason, the president is unwilling to follow through on that conclusion...
Published on Monday 6th of February 2012 02:31:02 PM
California To Run Out Of Cash In One Month, Controller Warns
Posted by admin / Under Budget
If anyone is tired of the daily European soap opera with surrealistic tragicomic overtones, they can simply shift their gaze to the 8th largest economy in the world: the insolvent state of California, whose controller just told legislators has just over a month worth of cash left. From the Sacramento Bee: "California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today. The announcement is surprising since lawmakers previously believed the state...
Published on Monday 6th of February 2012 02:31:02 PM
ON FIRE: Paul Ryan Completely Dismantles Obama on FNS [Budget? It's All Elementary, Mr President!]
Posted by admin / Under Budget
'The irony of this is the president’s policies do the exact opposite. We basically have this. The president can't run on his record. It’s a miserable record. He is not going to change his tune and moderate like say Bill Clinton did in 1996 because he’s really stuck with his ideology so he has no choice but to divide. So he is going to run a very decisive campaign for political gain and he has this concept of fairness and equality where he uses the kind of rhetoric we use, but the policies he's producing will result in crony capitalism...
Published on Monday 6th of February 2012 02:31:02 PM
How A President Gingrich Would Balance The Budget
Posted by admin / Under Budget
Newt Gingrich has proposed a very aggressive, comprehensive, supply side, jobs and economic recovery plan. That includes an optional 15% flat tax, reducing the federal corporate tax rate to 12.5%, eliminating the tax on capital gains, abolishing the death tax, and immediate expensing for capital investment. The plan includes as well reforming the Fed to mandate that it follow a price rule to maintain a stable dollar without inflation. It would also slash regulatory costs and barriers, including repeal of Dodd-Frank, Sarbanes-Oxley, and Obamacare, replacing the EPA, and modernizing the FDA. It would especially roll back regulatory barriers to energy...
Published on Monday 6th of February 2012 02:31:02 PM
Pentagon budget: top 3 winners and losers
Posted by admin / Under Budget
Pentagon budget: top 3 winners and losers As the Pentagon rolled out its budget preview Thursday, it stressed the tough work involved in cutting $487 billion over the next decade. But in Pentagon parlance, the word “cut” is a relative term. While the Defense Department’s base budget initially decreases from $553 billion this year to $525 billion in fiscal year 2013, it is still more than its $480 billion base budget in 2008, when US troops were in the midst of two wars. The budget will then rebound steadily to $567 billion in fiscal year 2017. With this in mind,...
Published on Monday 6th of February 2012 02:31:02 PM
What Did Reagan Say About Newt?
Posted by admin / Under Budget
After looking at Drudge's page, I thought I'd see what Reagan himself, either in his diaries, his autobiography, or his Edmund Morris bio, had to say about Newt. Very little. The ONLY reference in those three works is on p. 123 of Reagan's diaries in which Reagan was discussing the budget battles: "Met with a group of young Repub. Congressmen. Newt Gingrich has a proposal for freezing the budget at the 1983 level. It's a tempting idea except that it would cripple our defense program. And if we make an exception on that every special interest group will be asking...
Published on Monday 6th of February 2012 02:31:02 PM
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