Why Are We Only Talking about Spending Cuts?

All the GOP cares about is jobs, jobs, jobs!

With Congress poised to send President Obama another continuing resolution (CR) temporarily keeping the federal government open, Senate Democrats, in conjunction with the administration, have just three weeks to negotiate with House Republicans over a funding bill for the rest of fiscal year (FY) 2011. The negotiations will concentrate on spending cuts made by the Republican House, but they shouldn't.

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House CR Would Cut Nuclear Safety Funding

H.R. 1, the continuing resolution (CR) passed by the House in February that would cut some $61 billion from FY 2010 levels for the remainder of FY 2011 is no friend of nuclear safety. A rundown of the bill reveals the following cuts:

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Special Interest Wish List Goes Along for the Ride on House CR

In the early hours of Saturday, Feb. 19, the House of Representatives passed a budget plan to continue funding the operations of the federal government for the remaining seven months of fiscal year (FY) 2011. In addition to $65.5 billion in cuts to discretionary spending, the bill (H.R.

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Shutdown Averted; Next One Looms

Voting 91-9 on H.J. Res. 44, the Senate postponed the threat of a government shutdown for two weeks.

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Blame Will Avert a Government Shutdown

Unless Congress comes to an agreement over current fiscal year funding soon-- and one acceptable to President Obama -- many operations of the federal government will shut down after March 4. Although what exactly will be shutdown remains uncertain, it's likely the public will notice and be inconvenienced while hundreds of thousands of federal employees will be furloughed. In short, it would be a huge mess and someone will have to take the rap.

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House Budget: More Exemptions and Lower Payments for Big Oil

In the latest issue of The Watcher, OMB Watch discusses (here and here) the recently passed House budget and the many non-budget provisions attached to it, including the anti-environmental riders that prevent the Environmental Protection Agency (EPA) and other agencies from doing this or that.

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A Government Shut Down, One Way or the Other

The 2011 budget has turned into a game of hot potato. With a short-term extension of the current budget increasingly unlikely, it appears as though those holding the decisionmaking authority on March 4 at 11:59 pm, when the current continuing resolution expires, will be forced to make an unpopular decision: passing draconian Republican cuts or forcing the government to shut down.

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Handicapping the Future

As part of his scheme to cater to business interests, President Obama yesterday appointed Intel CEO Paul Otellini to the President's Council on Jobs and Competiveness. The appointment of a corporate leader to such an advisory panel isn't particularly surprising, given that Obama has been bending over backward to make sure the opinions of Big BusinessTM are heard in the White House (you know, because they're soooo underrepresented). What is surprising is that Otellini has a blind spot for honest appraisals of economic policy.

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House Republicans Take Chainsaw to the Budget

While much of the national attention recently has been on President Obama’s fiscal year 2012 budget proposal, the House of Representatives is still looking backward to FY 2011. Last Friday, House Republicans unveiled a new and improved budget plan, one containing $60.9 billion in cuts from the FY 2010 budget ($65.5 billion cut from non-security discretionary, $4.7 billion increase for security spending). The new plan is an update to one released just days earlier, one which the party’s conservative faction rejected. These conservatives pushed for a full $100 billion worth of cuts from Obama’s FY 2011 budget (which as I said last week was a terrible baseline), and in a matter of days, the conservatives got them. And the new budget is full of bad news.  

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Is our Country Broke?

Why do I thirst for an Orange Julius when I look at this picture?

At a news conference yesterday morning, House Speaker John Boehner (R-OH), shrugged off criticism that his party's proposed spending cuts would cost thousands of federal workers their jobs, saying, "In the last two years, under President Obama, the federal government has added 200,000 new federal jobs. If some of those jobs are lost, so be it. We're broke." Boehner has rightly been criticized for the first and second parts of his comments, but what about the last part?

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