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2011 budget

Published: 02/27/11

The GOP Budget and Cancer -- Why New Research Is at Risk

By  Walter Shapiro - Politics Daily
The GOP Budget and Cancer -- Why New Research Is at Risk

The budgetary hot-air wars gripping Washington have spotlighted all the elements that have degraded of 21st century politics: Apocalyptic threats of a government shutdown, high-decibel debates over budgetary irrelevancies (the drive to defund Planned Parenthood), angry denunciations of do-nothing government bureaucrats and vapid presidential slogans ("Win the Future"). Even when the congressional fiscal follies momentarily take a serious turn, an abstract tone dominates these floating numbers games involving slashing tens of billions. Budget arithmetic turns into an alternative reality as...

Published: 02/24/11

Reid Rejects House GOP's Plan for Budget Extension, $4 Billion in Cuts

By  Tom Diemer - Politics Daily
Reid Rejects House GOP's Plan for Budget Extension, $4 Billion in Cuts

Instead of a government shutdown next week, Congress could be headed for another stopgap budget to allow more time for compromise on sizable cuts in 2011 spending. But a showdown continues to loom. House Republican leaders are dangling a two-week budget extension to March 18 with $4 billion in reductions in spending, The Hill reports. Senate Democrats are more interested in a one-month plan that would keep spending at current levels. Related Stories House Cuts Deep Into Spending as Budget Battle Moves to Senate The action picks up next week when the Senate...

Published: 02/12/11

Obama Budget Due Monday as Debate Nears on Raising Debt Ceiling

By  Tom Diemer - Politics Daily
Obama Budget Due Monday as Debate Nears on Raising Debt Ceiling

It's crunch time. With deficit hawks hovering, President Obama will offer his 2012 budget Monday, a spending package likely to include enough cuts to offend liberals, but not enough to mollify conservatives. But that's just an opener. House Republicans, facing an early March deadline to finish business on the current budget, are also feeling the heat -- both from tea party activists and from penny pinchers among the broader membership. A proposal unveiled Wednesday to trim as little as $35 billion or as much as $74 billion -- depending on whose baseline you use -- was met with scorn by...

Published: 02/1/10

Obama's $3.8 Trillion Budget: War and School Spending Up, Bush Tax Cuts Out

By  Patricia Murphy - Politics Daily
Obama's $3.8 Trillion Budget:  War and School Spending Up, Bush Tax Cuts Out

President Obama sent his $3.834 trillion budget proposal to Congress on Monday morning, complete with a record-breaking deficit; increased defense, education and entitlement spending; tax increases for wealthy families; and a three-year spending freeze on non-defense discretionary spending. Entitlement programs and interest payments on the existing $12.4 trillion national debt account for two-thirds, or $2.39 trillion, of the budget, with Medicare, Social Security and veterans' programs increasing at federally mandated levels. The rest of the budget is heavy on defense and homeland security...

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