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BudgetCuts
Opinion: America's Unquenchable Defense Spending
By Michael Cohen - AOL News(July 20) -- If there's one issue that seems to unite an increasingly divided and fractured capital, it is the ever-expanding federal budget deficit. Everyone seems wants to curb Washington's appetite for spending. Except one area of the federal budget is seemingly off limits: the $692 billion elephant in the room -- America's defense budget. The calls from Republicans and Democrats for belt-tightening rarely, if ever, seem to extend to the military. Deficit hawks in the House have even demanded that an amendment to the $37 billion Afghanistan spending bill that would allocate $10 billion to ...
Opinion: Is the Debt Commission Serious?
By John Merline - AOL News(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 year, would leave the country $5 trillion deeper in debt than would otherwise be the case, according to the Congressional Budget Office. That's because Obama's budget would spend more ($2.3 trillion more) and take in less money ($1.4 trillion less) than if the government were ...
Britain's Televised Election Debates: U.S. Politics 2.0?
By Delia Lloyd - Politics DailyFor the first time in history, the leaders of Britain's three main political parties will go head to head in a series of televised political debates. While many are wondering what impact this will have on the upcoming general election, the bigger question on everyone's mind is whether we are witnessing the Americanization of British politics. ...
Shhh! That's the Sound of Public Libraries Closing
By Scott Martelle - AOL NewsLOS ANGELES (March 27) -- Massive budget cuts that have already led to furloughs for government workers and increased class sizes for public school teachers are claiming another victim: libraries. The Los Angeles Board of Library Commissioners this week ordered nine city libraries to close on Sundays, citing a city government hiring freeze that will keep it from replacing an estimated 200 retiring library workers. And in Pasadena, home to academic powerhouse Caltech, public school officials say they'll close school libraries next year, among other cuts, if a local tax measure doesn't pass in ...
Opinion: Red Ink Rising
By not in system - AOL News(Dec. 14) -- While many U.S. households are struggling with their own personal debt, citizens face an even larger – although less visible – threat from the mounting U.S. government debt. True, they don't receive a monthly mortgage statement or credit card bill for their share, but the effects will slowly chip away at the American standard of living – or even lead to the next major economic crisis. In just one year, the U.S. public debt rose from 41 percent to 53 percent as a share of the economy, largely because of the recession. What is troubling, however, is that the debt ...
Thousands in California Protest Campus Cuts, Furloughs
By Frances Tobin - Politics DailyThousands of University of California students, faculty members, and employees rallied statewide Thursday to voice their concern about President Mark Yudof's and the regents' handling of the budget crisis (prior Cram coverage here).The walkout, scheduled on the day that most UC schools started their fall quarter, was intended to highlight the faculty's growing frustration over being forced to take furlough days outside of their regular teaching schedule. Participants also protested proposed budget cuts paired with tuition increases that would effectively increase undergraduate students' ...
Obama Calls For 'Budget Cuts' While Dramatically Increasing Spending
By Mark Impomeni - Politics DailyThe White House is touting President Obama's call for $17 billion in proposed "budget cuts" included in the details of his $3.5 trillion spending plan set to be unveiled today. But the Administration's intended claim of budgetary savings as a result crumbles under the reality of the overall spending increases that President Obama is proposing. The Administration's budget proposal calls for an eight percent increase in discretionary spending for the fiscal year beginning in October, while the cuts amount to only one half of one percent of the total federal budget.Most of the president's planned ...
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