Obama also would raise hundreds of billions of dollars in fresh revenue, which Republicans adamantly oppose. He would increase taxes on the wealthy by limiting the value of their itemized deductions and by allowing the recently extended George W. Bush-era tax breaks to expire in 2012. He would end subsidies for oil and gas companies, and would eliminate certain tax breaks for corporations that do business overseas. And he assumes that Congress will develop a plan to pay for a $556 billion transportation bill, a measure traditionally funded by increasing the federal tax on gasoline.
You cannot cut debt without paying the debt down. For those that say Government should be able to balance a budget just like Americans have to, we say this, from personal experience:
In order to balance a budget, you must be able to pay off debt as well as save money. One cannot cut personal debt without money to pay the debt off. Cutting taxes when we have such debt and deficits is akin to a regular American family taking a pay cut in order to balance a budget, because they think it will mean they are paying less taxes, and thus saving money. The logic is seriously flawed. In the real world, people increase their revenue stream by taking 2nd job, and cutting their expenses. For the Federal government, increasing the revenue stream means increasing taxes (or rolling back tax cuts).
You can't get out of debt without paying it down. The federal government must pay down the debt -- lowering taxes even more than we are is not an answer. If one truly loves their country they way they love their family and its budgeting process, they should know that you need to pay the bills and THEN pay extra in order to get out of debt. It’s not enough to just reduce the deficit – it must be eliminated and a surplus generated to pay off some of the principal.
A telling example: The party that purports to love community- and church-based efforts to help the poor and downtrodden even zeroed out AmeriCorps, the national service program that has long enjoyed support across party lines. AmeriCorps, remember, gives out small grants that leverage an enormous amount of voluntary work for the groups George W. Bush used to praise as “the armies of compassion.”
"He's going to present a budget tomorrow that's going to continue to destroy jobs by spending too much, borrowing too much, taxing too much," Boehner said on NBC's "Meet the Press." [snip]
"We're broke," said Boehner. "What's really dangerous is if we continue to do nothing and allow the status quo to stay in place."
Boehner said Republicans are delivering on their campaign pledge to cut $100 billion in spending, but called it just a start.
"While we believe we've met our committments that we made in the pledge to America, I've said there's no limit to the amount of money that our members want to cut," Boehner said.
Consider the cuts the House GOP wants to make this fiscal year. We're talking about deep reductions in education, transportation, law enforcement, food safety, environmental protections, and community health centers, among many other areas. The result -- indeed, the intended result -- is to lay off thousands of teachers, police officers, medical professionals, food inspectors, etc.
It is, to borrow a phrase, the epitome of a "job-killing" plan. Given the GOP agenda, this is a feature, not a bug -- the whole point is to reduce the public-sector workforce, and push these thousands of workers into unemployment.
With this in mind, it's almost amusing to see the House Speaker tell a national television audience that we need to avoid an agenda that would "destroy jobs." Is he not aware of what he's proposed?
In effect, Boehner is arguing, "Obama's agenda might put more Americans out of work. It's better to go with my agenda, which will definitely put more Americans out of work."
Now, Republican leaders are coalescing around a proposal to “cancel unused spending authority in the 2009 stimulus bill” that could block funds from flowing to ongoing stimulus projects. However, Republicans have failed to fully explain the repercussions for such a radical budget proposal. <...>
HALF-FINISHED PROJECT IN MISSOURI: $44.5 million in stimulus funds was committed to an expansion of Highway 141 in St. Louis County. Rep. Todd Akin (R-MO), who claimed the stimulus failed and is part of the Republican caucus calling for an end to already-committed stimulus funds, attended the ground breaking ceremony for the project (watch a video of his remarks here). The project will not be completed until summer of 2012. The picture to the right was taken in January, and shows ongoing construction on Highway 141 that will be frozen if Akin’s budget proposal is successful.
HALF-FINISHED PROJECT IN SOUTH CAROLINA: The stimulus provided $1.6 billion for decommissioning a Cold War-era Heavy Water Components Test Reactor at the Savannah River Site. The project, which has created over 3,356 direct jobs, was primarily championed by Rep. Jim Clyburn (D-SC). However, Sen. Lindsey Graham (R-SC), another vocal opponent of the stimulus, said he helped Clyburn obtain the project because it will “set the stage for the state to benefit from nuclear jobs in the future.” A revealing story by Yvonne Wenger of the Post and Courier newspaper details the vast economic benefits of the effort, and how the program is helping local workers care for their families in an economically-depressed region of the country. Representatives for the firm handling the Savannah River Site project told ThinkProgress that the project is still reliant on stimulus funds and that it is still ongoing. The picture above was taken in January and shows recent construction efforts.
HALF-FINISHED PROJECT IN IOWA: The stimulus provided $25 million in funds for a project to replace the vertical lift bridge in Burlington near the Illinois border. Authorities had long complained about safety hazards regarding the 119-year-old swing-span bridge, and were eager for the 100 jobs the project was expected to create. According to the railway company BNSF, stimulus-opponent Sen. Chuck Grassley (R-IA) joined area Democrats in supporting the project. Last month, BNSF posted a video of the bridge construction project, which will not be completed until later this year.
An interesting weekend in Washington. Two conventions claiming 11,000 attendees each. One, the CPAC convention was heavily reported in the press--including by me, below; the other was the annual Teach For America alumni conference, where I moderated a panel after I'd spent three days listening to the Republican presidential candidates at CPAC. Both crowds were pretty young, but they could not have been more different. The CPAC crowd was full of grievances--America was falling apart, into a European-style socialism, the tax burden "crushing" entrepreneurs. The TFA crowd was full of questions--how do you educate more kids and teach them better, how do you deal with the stultifying education bureaucracies, how do you take the rigor and excellence that marks TFA into the broader society? If the most important question at CPAC was the one that Ron Paul asked of his young supporters--if we offer you 10% tax rates for the rest of your life, would you agree to ask nothing of the government?--the TFA alumni would answer Paul's question with another question: What would a plan like that do for us as a society? And another question: Do you really believe that this is the most important question you can ask of citizens in a democracy? And another: Does the level of taxation have anything to do with the pursuit of happiness? Were people less happy in the 1950s and 1960s, when the marginal rates could reach as high as 70%--or in the 1990s, when the top rate was six points higher than it is today?
Quote by trojanrabbit:
Those aren't jobs, Raine.
Government never created a job.
You only need enough edumacation to adjust your video display device to show Fox News and stagger to the voting booth and vote "R". Besides, only enough peons are needed to service and protect the 1%. The rest are expendable.
Quote by Scoopster:
Ugh.. the new DailyKos layout is horrendous!
Quote by trojanrabbit:
Raine, I was actually responding to the Washington Monthly article where, yes the main effect of these cuts will be to throw thousands out of work. But we already know the Republicans don't believe in Education or any restrictions on how badly the environment can be polluted.
I did look over the proposed Continuing Resolution cuts over the weekend when it was shown that PBS and NPR were in danger (actually it's the Corporation for Public Broadcasting that's getting defunded and that's even worse) and surprise, the only department getting any increase was Defense. Of course, it's billed as "Common Sense" funding levels.
Quote by Raine:Quote by Scoopster:
Ugh.. the new DailyKos layout is horrendous!
oh my.
It looks like an orange version of the original Huffpo. I think this is going to take a little getting used to.
Quote by trojanrabbit:
Sorry, Wisconsin. That's what you voted in. Thought you had more brains than that. It's not like he didn't warn you.
Quote by Raine:Quote by trojanrabbit:
Sorry, Wisconsin. That's what you voted in. Thought you had more brains than that. It's not like he didn't warn you.
It's really sad.
Quote by Raine:I think that we can get those cuts put back in. At least I hope so.Quote by trojanrabbit:
Raine, I was actually responding to the Washington Monthly article where, yes the main effect of these cuts will be to throw thousands out of work. But we already know the Republicans don't believe in Education or any restrictions on how badly the environment can be polluted.
I did look over the proposed Continuing Resolution cuts over the weekend when it was shown that PBS and NPR were in danger (actually it's the Corporation for Public Broadcasting that's getting defunded and that's even worse) and surprise, the only department getting any increase was Defense. Of course, it's billed as "Common Sense" funding levels.
I really wish we would just cut the damn defense budget by 1-2% (I'd love to see more, you all know) But enough already!
The first proposal would end the "year-round Pell" policy that let students collect two grants in a calendar year, with the second grant used for summer school. The official said the costs exceeded expectations and there was little evidence that students earn their degrees any faster.
The change would save $8 billion next year and $60 billion over a decade, the official said.
A second proposal would reduce loan subsidies for graduate and professional students. That would free $2 billion next year and save $29 billion over 10 years, according to the official.
[...] Another $4 billion in savings over 10 years would be achieved by broadening the use of IRS data to determine eligibility, reducing improper payments and easing the application process, the official said.
[...] The administration is projecting a shortfall of more than $20 billion in the program for the 2012. Without action, officials say, the maximum award would have to be cut by more than $2,500 to meet demand.
Quote by trojanrabbit:Quote by Raine:I think that we can get those cuts put back in. At least I hope so.Quote by trojanrabbit:
Raine, I was actually responding to the Washington Monthly article where, yes the main effect of these cuts will be to throw thousands out of work. But we already know the Republicans don't believe in Education or any restrictions on how badly the environment can be polluted.
I did look over the proposed Continuing Resolution cuts over the weekend when it was shown that PBS and NPR were in danger (actually it's the Corporation for Public Broadcasting that's getting defunded and that's even worse) and surprise, the only department getting any increase was Defense. Of course, it's billed as "Common Sense" funding levels.
I really wish we would just cut the damn defense budget by 1-2% (I'd love to see more, you all know) But enough already!
I hope so too. I don't know how that would be done, though. Not sure how CRs work, does the Senate and Obama have to sign off on it.
In any event, cutting off CPB endangers PBS and NPR by removing direct funding to the stations themselves. It doesn't matter how little of the networks' budgets are affected, without stations to carry the programming, the networks don't exist. New Jersey is already putting their public radio stations on the auction block in the slim hope of keeping the TV side going because their budget was slashed. New Jersey better get ready to welcome 9 new religious broadcasters. I got into a mild Facebook argument where the side was taken that if the public radio stations can't make it with commercials, too bad. My response was that if you look at what passes for commercial radio, you know it won't fly, we need something not geared to the lowest common denominator.
Of course, you know I'm rather pessimistic about the state of broadcasting in general.
Obama's budget is irrelevant. Obama's last budget was never passed by Congress -- and that was with large Democratic majorities in both the House and Senate. This one -- at least in the form it is now -- will certainly never get passed either, now that Republicans are in firm control over the House.
The government is currently operating under the terms of a temporary "continuing resolution" that will expire on March 4. The only budget battle that matters is the fight over what kind of "compromise" the White House cuts with Republicans to get the continuing resolution extended.
Quote by Raine:
REgarding the Continuing Resolution, Salon has a very good piece.Obama's budget is irrelevant. Obama's last budget was never passed by Congress -- and that was with large Democratic majorities in both the House and Senate. This one -- at least in the form it is now -- will certainly never get passed either, now that Republicans are in firm control over the House.
The government is currently operating under the terms of a temporary "continuing resolution" that will expire on March 4. The only budget battle that matters is the fight over what kind of "compromise" the White House cuts with Republicans to get the continuing resolution extended.
President Obama signs continuing resolution
In light of an imminent government shut-down as result of delays in passing last year’s appropriations bills, Congress has passed and President Obama has signed a continuing resolution to maintain the prior year’s funding levels through Wednesday while negotiations continue on last year’s budget work. The Office of the Press Secretary has just issued the following bill announcement:
Quote by trojanrabbit:
According to this, New Jersey is either looking for someone to just buy the stations and let the state keep the licenses or just buy the stations & licenses outright (valued around 4.2M total).
I don't see how they can tell someone who might buy the whole thing outright that they have to promise to provide "New Jersey-centric" programming. I suppose a religious station fills any need. Either that or they let it go for a year then flip it.
Now these are very low power stations so the operating costs for these stations are minimal, there's probably no "studio" expense per se and I'm sure for the most part the transmitter is unattended.![]()
Quote by Nina_Stratton:
Good morning all.
I read that Salon article you posted on FB, Raine, and was moved to look up Continuing Resolutions:
http://en.wikipedia.org/wiki/Continuing_resolution
I still kinda don't get it, but it refreshed my memory on what an obstructionist dick Newt Gingrich was. I think Boner is just as obstructionist, and I'm really, really, concerned.
The U.S. government's fiscal year begins on October 1 of the previous calendar year and ends on September 30 of the year with which it is numbered. Prior to 1976, the fiscal year began on July 1 and ended on June 30. The Congressional Budget and Impoundment Control Act of 1974 stipulated the change to allow Congress more time to arrive at a budget each year, and provided for what is known as the "transitional quarter" from July 1, 1976 to September 30, 1976. As stated above, the tax year for a business is governed by the fiscal year it chooses.
Quote by Raine:It's all pretty bad, We still haven't passed LAST years Budget which has been extended until MArch 4 with Continuing resolutions.Quote by Nina_Stratton:
Good morning all.
I read that Salon article you posted on FB, Raine, and was moved to look up Continuing Resolutions:
http://en.wikipedia.org/wiki/Continuing_resolution
I still kinda don't get it, but it refreshed my memory on what an obstructionist dick Newt Gingrich was. I think Boner is just as obstructionist, and I'm really, really, concerned.
Obama had to sign a CR for FY 2009! I don;t know when the last budget was passed into law.
Quote by Nina_Stratton:
Howdy!
I'm reading a lot this morning - I read with particular interest a new blog (www.thepragmaticprogressive.org) post that details how China is whooping our asses on every level.
I'm very concerned about the Congressional bloodbath around the new budget. I think there are going to be a lot casualties.
A Pragmatic Progressive understands that progressive principles will only be wishful thinking until they are adopted and implemented within a political structure; and further understands that politics is the art of the possible. As well, a Pragmatic Progressive realizes that change often comes in increments, not leaps and bounds. But over time, these increments add up to something extraordinary.
Quote by wickedpam:
I never got a Pell Grant, though I wish I had they would have helped out on a couple of semesters.
I don't get how people can think that only the elite should go to college or get some kind of education beyond HS in whatever they want their field to be.
he is really sick and the howard flew him to IOWA to find out why he is sick. he went blind and he gained lots of weight all of a sudden. she does not know what he is sick with except it could be a brain tumor.
tears all around.