The latest projectile-sweat-producing event in Our Nation's Capital is the looming automatic cuts in the federal budget known as "sequestration."
“We need a balanced approach.” How many times have you heard that poll-tested line from Obama? Unfortunately, the President’s rhetoric doesn’t match his actions. Only four weeks after raising taxes on the majority of Americans, the President wants to raise taxes again.
Joint Chiefs are telling Congress reductions in military strength could begin as soon as sequestration starts on March 1.
This drip, drip, drip of piecemeal deal making is not getting us anywhere. It is lip service and stalling because no one has the guts to do anything. Well, this time we can only hope that the Republicans take advantage of the leverage that they have.
Both parties, as expected, are now in on the fearmongering act. Recall that the spending cuts via sequestration were scheduled only because the parties could not agree on any budget cuts last year.
The following chart illustrates why it is ridiculous to act as if smaller future increases in projected spending amount to realized spending cuts. The chart shows the Congressional Budget Office’s August 2001 baseline estimate of defense spending from 2002 to 2011 versus the actual outlays
The House Republicans, in serious trouble with public opinion as they blinked facing the "fiscal cliff" over New Year's, seem suddenly to be playing a more successful game -- or rather, games -- an inside game and an outside game.
Speaker of the House John Boehner says automatic federal spending cuts, known as the "sequester," are like taking a meat ax to the government.
Hoping to avoid crushing across-the-board spending cuts in under a month, President Barack Obama is proposing a short-term fix that involves targeted cuts and some higher taxes.
Just because the sequestration cuts are bad doesn't mean the defense budget should be sacrosanct.
The late night drama cast Senator Mitch McConnell and Vice President Joe Biden as heroes. They did what Obama and Boehner failed to do, come together on an agreement to limit the bite of the fiscal cliff's tax hikes.
With the Redskins playing the Monday night game and the National's still not having made a deal with their 1st baseman, Adam LaRoche, there's not much to think about here in Our Nation's Capital other than that pesky fiscal cliff.
“When I’m president, I will make college affordable for every American.” -- President Obama, 2008
In his first formal press conference in months, Barack Obama showed that getting re-elected can increase a president's confidence and combativeness. He staked out tough stands on several issues, especially on the looming budget negotiations.
Wednesday’s press conference marked the first occasion journalists have had to question the President directly – about anything – in eight months, and President Obama tipped his hat on his plans to confront the coming fiscal cliff with chastened House Republicans.
The Congressional Budget Office released their analysis of the group of deficit-fighting policies known as the "fiscal cliff." The top-line analysis: completely averting the contraction that would occur in 2013 and 2014 would cost $1.16 trillion - entirely deficit-financed.