'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Treasury Secretary Jacob Lew warned Congress on Tuesday against taking drastic austerity measures to lower the nation's ballooning debt, saying the federal government also must spend money on job growth-related programs for the economy to fully recover.
He's skeptical about whether President Obama's budget truly will tackle runaway spending, but the House Republicans' budget point man believes the White House has taken a small step forward on the sticky issue of Social Security.
Top congressional Republicans declared President Obama's tax-laden budget for fiscal 2014 dead on arrival Wednesday, saying its failure to cut deficits destroys any hope of a "grand bargain" to fix the federal government's fiscal crisis
President Obama will not propose a balanced budget in the new fiscal 2014 spending plan that he'll submit to Congress next week, a White House official said Wednesday.
Senate Democrats had four years to consider spending and taxing policies that would help our bad economy. Apparently, they ignored their lawful responsibility since 2009 only so that Senate Majority Leader Harry Reid could avoid exposing that his party has no ideas to avoid our nation going bankrupt.
As the budget debate begins in earnest in Congress this week, President Obama and Senate Republicans have something in common — neither of them has produced a federal budget yet this year.
The Republicans and Democrats unveiled their budgets in Congress this week. And though they say numbers don't lie, some of their rhetoric stretches the truth.
House Budget Committee Chairman Paul Ryan's 2014 budget includes repeal of "Obamacare" ("Paul Ryan introduces GOP budget, sees balance in decade," Web, Tuesday). Faint-hearted Republicans say President Obama was re-elected, and previous efforts to repeal this disastrous law have failed.
House Budget Committee Chairman Paul Ryan proposed a budget Tuesday that he said can cut $4.6 trillion and bring federal finances to balance in 10 years, calling the plan an "invitation" to find common ground with President Obama and congressional Democrats.
President Obama opened the door to making significant changes to entitlement programs during a meeting Tuesday with Senate Democrats, though some among the lawmakers quickly warned that they would not go along with benefit cuts or a higher retirement age.
Rep. Paul Ryan said that a Thursday lunch with President Obama at the White House was the first conversation between the two men that lasted more than a few minutes.
Budgeting has never been at the top of President Obama's list of priorities. For the fourth time in five years, the White House missed the statutory deadline Monday for submitting its annual spending blueprint to Congress. Mr. Obama isn't in a rush to let the world know that his intention is to keep spending the country into the red.
The Congressional Budget Office's estimate of potential revenue from expanded oil and gas leasing in federal areas was far too conservative, underestimating the potential budget impact by billions of dollars, according to an analysis issued Tuesday by the industry-backed Institute for Energy Research.
Looking to gin up support for a short-term increase in the nation's borrowing limit, House Speaker John A. Boehner turned to Rep. Paul Ryan earlier this month to persuade rank-and-file lawmakers to temporarily back off the dollar-for-dollar spending cuts they had demanded in any debt ceiling hike.
If you thought President Obama's first term was one long, uninterrupted political brawl, the next four years will make that period look tame by comparison.
