FederalBudget News

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Opinion: Just How Deep Are Those Spending Cuts?

The headlines appear to say it all. "Painful Cuts in Obama's $3.7 Trillion Budget." "Budget Director Calls Steep Budget Cuts Necessary." "Obama Budget Pivots From Stimulus to Deficit Cuts." "Cuts to Target Working Poor, Middle Class and Students." On and on they go. But how deep are these cuts really? Take a closer look,...

Opinion: Is the Debt Commission Serious?

(April 27) -- Before President Barack Obama's debt commission officially met for the first time today, he told the members that "everything has to be on the table" when it comes to reducing the nation's gargantuan debt. Presumably, that would include Obama's own budget. After all, his budget plan, released earlier this...

Debate: Spending, Not Taxes, Is the Problem

(April 14) -- Widely used in Europe, the value-added tax (VAT) has always seemed a nonstarter in the United States. That may be changing given apparently insurmountable structural deficits and fear that the financial collapse of Greece could happen here if revenue isn't increased. These days, the VAT is being taken...

Opinion: President's Budget Is a Start, at Least

(Feb. 1) -– The president's budget elevates the issue of fiscal responsibility (good), but fails to achieve it (not good). President Obama proposes spending $3.8 trillion next year and borrowing $1.3 trillion of that. The massive deficits the nation now faces would gradually fall to $706 billion in 2014, before...

Spending Freeze Could 'Hit the Congress Where It Lives'

WASHINGTON (Jan. 26) – President Obama's proposal to freeze certain federal spending will have a tiny impact on the nation's deficit but a big one on some citizens who could see cuts to programs they rely on, according to budget experts. Obama wants to hold spending on $447 billion worth of domestic programs level...

FederalBudget News From the Web

11/30/11 Congressman Sablan Calls for Prompt Renewal of Palau... Source: Pacific News Center (PNC) CNMI Congressman Gregorio Kilili Camacho Sablan quizzed administration witnesses on a proposed 15-year renewal of the Palau Compact of Free Association with the United States.
07/27/11 With Debt Deal Elusive, Obama Speaks With Concerned... Source: The Chronicle of Higher Education President Obama took a break from negotiations over the nation's debt ceiling on Tuesday to speak with student leaders concerned that young people will bear the brunt of the federal-budget cuts being considered, The Huffington Post reports.
06/23/11 Confessions of a drug warrior Source: East Valley Tribune Four decades ago, I was a drug warrior.
06/08/11 Anaren keeping an eye on federal-budget situation... Source: TMCnet Like all companies that work with the Department of Defense, Anaren, Inc. (NASDAQ: ANEN) is monitoring the federal-budget situation closely.
04/14/11 Mr Prudent Obama Preaches Deficit Sanity TIME Source: Stockwatch - Cyprus "This is one of the most important debates that we can have," President Obama said at the close of his much anticipated speech about the federal-budget deficit.