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In Budget Plan, Obama Seeks Cuts and Higher Taxes
By not in system - AOL NewsWASHINGTON -- Forcefully rejecting Republican budget-cutting plans, President Barack Obama on Wednesday proposed lowering the nation's future deficits by $4 trillion over a dozen years and vowed he would not allow benefit cuts for the poor and the elderly to pay for tax breaks for the rich. "That's not right and it's not going to happen as long as I'm president," Obama declared. While the president recommended trimming health care costs in Medicare and Medicaid, he also called for cuts in defense, an overhaul of the tax system to eliminate many loopholes enjoyed by individuals and ...
GOP Budget Proposal Would Increase Health Cost for Future Retirees
By not in system - AOL NewsWASHINGTON -- Most future retirees would pay considerably more for health care under the new budget proposed by House Republicans, according to an analysis by nonpartisan experts for Congress that signals problems ahead for the plan. The fiscal blueprint would put people now 54 and younger in a different kind of health care program when they retire, unlike the Medicare that their parents and grandparents have known. Instead of coverage for a set of benefits prescribed from Washington, they'd get a federal payment to buy private insurance from a choice of government-regulated plans. "A ...
NY Gov. Cuomo Considers Cap on Medical Malpractice [VIDEO]
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Mitch McConnell: Obama Not Serious About Entitlements Reform
By Bruce Drake - Politics DailySenate Minority Leader Mitch McConnell said Sunday that "this is the perfect time to tackle entitlement reform" because both political parties now share power – and responsibility – in Washington, but he said he does not think President Obama is serious about doing so. "This is the perfect time to tackle entitlement reform. ... We have divided government," McConnell said on CBS' "Face the Nation." "That is, one party doesn't control the entire government. That's the time to do big things. Remember when Reagan and Tip O'Neill fixed Social Security. Remember when Clinton and a ...
Scott Walker's Budget Address: Light on Detail, but Plenty to Provoke Twitter
By Mary Phillips-Sandy - AOL NewsWisconsin Gov. Scott Walker just concluded a speech outlining his two-year budget plan. His remarks were light on specifics and contained few surprises. As expected, Walker called for deep cuts in education and local government funding, plus a $500 million cut in Medicaid spending. He also proposed a cap on property tax rates and the elimination of capital gains tax on investments in Wisconsin-based businesses. As for the ongoing protests in and around the statehouse, Walker sounded unconcerned. "I'm an optimist," he said. "I believe that after our budget repair bill passes, tempers will ...
Gov. Scott Walker's Budget Speech of Doom: What to Expect From the Wisconsin Address
By Mary Phillips-Sandy - AOL NewsAs protesters continue to criticize his proposal to eliminate most collective bargaining rights for public workers, Gov. Scott Walker this afternoon will reveal his full budget plan for Wisconsin. (Watch it live here.) He's said his goal is to help close a $3.6 billion deficit, and it's likely we'll hear about more controversial cuts during his speech. WISC-Madison reports that education funding will take a huge hit: Capitol watchers said that statewide school aid will likely see a cut of at least $900 million, which amounts to a loss of nearly $500 per pupil in the biennial budget's ...
New Jersey Budget: 5 Key Cuts Proposed by Gov. Christie
By Mary Phillips-Sandy - AOL NewsNew Jersey is but the latest state in the nation to face the music. Today Gov. Chris Christie unveiled his budget for the year ending June 30, 2012. Touting the state's efforts to close a projected $11 billion deficit, Christie declared a "new normal" in New Jersey: We will no longer blindly fund commitments that prior legislators and governors have made ... regardless of whether they were wise, and regardless of whether they yielded programs that even work. This year's budget ... is not a budget that funds each and every program at the same level as last year. Instead, we've done ...
Cascading Medicaid Cuts Hurt the Poor and Burden the States
By Lou Cannon - Politics DailyHealth care for the poor is in trouble and so are the states that are charged with providing an increasing share of it. As federal aid to states from the American Recovery and Reinvestment Act of 2009 is phased out, most states have been forced to curb Medicaid, the federal-state program that provides health care for the poor and disabled. Despite his strong rhetorical support for Medicaid, President Barack Obama's 2012 budget proposes to reduce the federal share of the program by more than $6 billion. As a national topic of discussion, Medicaid has been shuffled to the back burner by ...
Opinion: What Does Government Do?
By John Merline - AOL NewsPop quiz. What's the biggest single job the federal government undertakes? National defense? Nope. Homeland security? Wrong. Transportation? Not even close. Law enforcement? No way. Education? Getting colder. Foreign aid? Are you kidding? Nope, the biggest single thing the federal government does these days is ... cut checks. Lots and lots and lots and lots of checks that go to individual citizens -- $2.3 trillion worth last year alone. In fact, according to a table buried deep inside the little-noticed Historical Tables volume of the White House's 2012 budget, these "direct payments ...
The Obama-Christie Contrast: Doing 'Big Things' Their Own Way
By Jill Lawrence - Politics DailyBack-to-back appearances this week by President Barack Obama and New Jersey Gov. Chris Christie put a fascinating spotlight on two opposite styles of leadership. Christie is the self-styled bull crashing through the china shop. Obama is the deliberative shopper who threads his way through the narrow aisles and tries to keep breakage to a minimum. In their manner and appearance, the pair could not be more of a contrast. Christie, a former prosecutor, is large and blunt, with "a little Jersey attitude," as Henry Olsen, vice president of the American Enterprise Institute, put it Wednesday. ...
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