Showing posts with label spending cuts. Show all posts
Showing posts with label spending cuts. Show all posts

Wednesday, May 29, 2013

Sally Steenland: Sequestration hurts all of us, not just our most vulnerable

  It’s Day 90 of sequestration—the across-the-board spending cuts that went into effect March 1, which the Obama administration predicted would be devastating and conservatives insisted wouldn’t be so bad. Three months in, it’s worth asking how harmful the phased-in cuts have been—although that depends on whom you ask.

  When sequestration cuts furloughed air-traffic controllers in April, airline travelers rose up in fury. Congress responded with a quick legislative fix that “unfurloughed” the controllers and returned flight delays to annoying, rather than infuriating, levels.

Wednesday, April 10, 2013

Michael Linden: The President’s budget is another attempt to reach a fiscal deal

  President Barack Obama’s fiscal year 2014 budget is unlike any previous presidential budget request in recent history. It is not a statement of the president’s vision for the federal budget. It does not represent what he thinks is the best course of action for spending, taxation, and broader federal fiscal policy. It is not, in short, his preferred budget plan. Rather, for the first time ever, it is a preemptive compromise budget.

  It includes more than $1 trillion in additional spending cuts, on top of the $1.9 trillion that the president has already accepted and signed into law. It includes significant changes to entitlement programs, as well as further cuts to a portion of the budget that was already cut down to historic lows. And it includes far less new revenue than the president has called for in the past. All told, President Obama’s compromise budget would raise less revenue and set government spending at approximately the same levels as the much-ballyhooed bipartisan plan proposed by former Republican Sen. Alan Simpson and former White House Chief of Staff Erskine Bowles in 2010. By that standard, the president’s compromise budget is to the right of Simpson-Bowles.

Saturday, January 19, 2013

Scott Lilly: House Republicans still haven’t learned lessons from their 1995 government shutdown

  House Republicans have been contemplating their next move in the fiscal showdown this week as they huddle during their annual retreat in Williamsburg, Virginia. There is a real sense of Armageddon in the air. President Obama took them on directly with respect to the central issue on their agenda, preserving low tax rates for high income individuals, and won—not by a little but by a lot.