TRP News with James Andre. This week – New numbers for the budget deficit and the same old story with Republicans and the federal budget. Europe struggles with the record flow of migrants. The Left is adopting the destructive and divisive tactics of the Right, and what does it mean to be ‘progressive’? 0:30 Budget…
Tag: deficit
TRP News – Progressive News & Information – August 10, 2015 – The Rational Progressive
TRP News with James Andre. This week – the Jade Helm military exercise brings out the crazies, Potential Reid successor Senator Schumer bucks White House on Iran deal, voting rights on the 50th anniversary of the voting rights amendment, an update on the HIV outbreak in Indiana, the EPA accident polluting a Colorado river with…
TRP News – Progressive News & Information – August 3, 2015 – The Rational Progressive
TRP News with James Andre. This week – Sanders vs Clinton, smears and facing reality, the Iran deal is being reviewed by Congress and touted by Sec Kerry, Obama reveals new carbon emissions rules, the first of their kind in the nation, Fukushima takes steps forward in the clean up of the nuclear accident, and…
TRP News – Progressive News & Information – July 27, 2015
TRP News with James Andre. This week – Barney Frank and the New York Times weigh in on Sanders and Clinton, Federal government runs out of money October 1st, Turkey agrees to help in the fight against ISIL and coalition airstrikes continue, GMO food labeling bills get votes in the House, and an update on…
TRP News – Progressive News & Information – July 20, 2015
TRP News with James Andre. This week – the Iran deal finally happens and is sent to Congress and the U.N., ISIL ramps up efforts to expand ranks, The federal deficit and debt ceiling, Democrats and Clinton vs. Sanders, the Obamas go to New York City and the haters go crazy. 0:20 Iran…
Officials: Kansas Faces $279M Budget Gap By July
For the next fiscal year, the new projection was $5.8 billion in revenues — short of the nearly $6.2 billion that legislative researchers had been assuming in their unofficial forecasts. The projected shortfall of $436 million is about 7 percent, and higher than the $282 million gap estimated unofficially. The new revenue projection for the…
14 GOP Congressmen Who Think Government Shouldn’t Borrow Have Big Debts Of Their Own
Government is nothing like a business and cannot be run as one — its aim is to protect its citizens, not to turn a profit. Businesses and individuals often borrow in the short term to make investments for the long term — mortgages, lines of credits, and other sorts of loans are facts of…
Newt Gingrich warns GOP on debt ceiling
Former House Speaker Newt Gingrich said Friday that the upcoming showdown over the debt ceiling isn’t a political winner for House Republicans, but dubbed it a “dead loser.” “They’ve got to find, in the House, a totally new strategy,” Gingrich said on MSNBC’s “Morning Joe.” “Everybody’s now talking about, ‘Oh, here comes the debt ceiling.’…
GOP Nominee Ryan: I Didnt Vote For The Defense Cuts I Voted For
Vice Presidential candidate Paul Ryan has gotten in hot water before for criticizing President Obama for the very same defense cuts that he voted for in 2011. When confronted with this incongruity today on Face The Nation, Ryan simply denied that he ever voted for the cuts, telling an incredulous Norah O’Donnell that he didn’t actually vote…
Poll: Majority Of Voters Say Medicare Needs Only Minor Changes Or None At All
A new round of polls finds that although voters have a slightly favorable view of GOP presidential hopeful Mitt Romney’s pick for vice president, running mate Paul Ryan’s Medicare plans are viewed with a greater degree of skepticism. The Wall Street Journal: In Tight Race, Romney Faces Hurdles At a time when the campaign has…
Romney’s budget plan is a fantasy
Consider what Romney has promised. By 2016, he says federal spending will be below 20 percent of GDP, and at least 4 percent of that will be defense spending. At that point, he will cap federal spending at 20 percent of GDP, meaning it can never rise above that level. All that’s hard enough. Romney…
Timeline: Cutting Poverty and the Federal Deficit Is Possible
Our nation unequivocally boasts the resources to dramatically cut poverty while simultaneously cutting the federal government’s long-term deficit. Unfortunately, too many of our political leaders put these two goals at odds, arguing that the way to stabilize our fiscal outlook is to hand the bill to middle- and low-income Americans. The House Republican leadership, for…
CBO Confirms: The Health Care Law Reduces the Deficit
This afternoon, the Congressional Budget Office (CBO) released its latest look at the Affordable Care Act – the health care law. This report affirms that repealing the health care law would deny tax credits for millions of middle class families and result in higher deficits and fewer Americans with insurance. Once again, the Congressional Budget…
A world of zombie economic policies — policies that should have been killed
The good news is that many influential people are finally admitting that the confidence fairy was a myth. The bad news is that despite this admission there seems to be little prospect of a near-term course change either in Europe or here in America, where we never fully embraced the doctrine, but have, nonetheless, had…
Top Republican Says Senate GOP Could Escalate Government Shutdown Fight
A member of the Senate GOP leadership says he and his colleagues could end up backing House Republicans in their efforts to fund the government at levels below those agreed to in the bipartisan debt-limit deal last August, increasing the chances of a government shutdown fight just weeks before the 2012 election. “I think the…
About The Affordable Care Act And The Deficit
The current law baseline assumes the expiration of all the Bush tax cuts, it assumes the spending sequester will take effect, it assumes huge Medicare cuts that Congress will never permit, and much more. If we follow current law, we don’t really have a deficit problem. No one believes we will follow current law. If…
Why I don’t stress about deficits
I’m not particularly worried about the budget deficit. In fact, of all the major problems the U.S. faces, I’m least worried about the deficit. That’s not because we don’t have to get the problem under control; it’s because I’m pretty sure we will. Why? The budget deficit is unique: If Congress is unable to agree…
House Republican Budget Could Cut Off Food Assistance For Millions Of Low-Income Americans
Ryan’s budget would turn food stamps into a block grant program, sending it back to the states to do with as they see fit. The plan also cuts SNAP by 17 percent, or more than $133 billion. As the Center on Budget and Policy Priorities noted, this proposal could cut millions of low-income people off…
Why the Republican budgets make the poor pay
But now cuts to those programs have to pay for the deficit reduction, the increased defense spending, and the tax cuts. That means the cuts to those programs have to be really, really, really deep. The authors have no other choice. In Ryan’s plan, for instance, revenues are approximately $2 trillion below the levels in…
GOP Budget Plan To Reduce The Debt Actually Makes The Debt Worse
House Budget Committee Chairman Paul Ryan (R-WI) released the GOP’s new budget this morning, and in doing so, he touted it as a plan to make America’s level of debt more sustainable. “We’ve shared with Americans a specific plan of action that cuts spending, pays off the debt and gets our economy back on the…