When Are We Going to Have a Real Discussion About the Deficit?

Sen. Jon Kyl (R-AZ) is getting specific about what the hostage takers Republicans want in exchange for raising the debt ceiling.

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House Stands Up for Big Business, Spurns Transparency*

GOP: How dare average citizens demand that powerful business interests disclose how they’re influencing the political process.

On Wednesday evening, during House debate of the fiscal year (FY) 2012 defense authorization bill, Rep. Tom Cole (R-OK) introduced and won agreement to an amendment that would prevent the federal government from requiring potential contractors – which would include many large corporations – to disclose their political contributions to the public.

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New GAO Report Shows the Benefits of Spending Transparency

According to the report, $24 billion in Recovery Act contract and grant spending went to about 3,700 recipients who owed some $750 million in taxes to the US government. Clearly, this isn’t good. Government contracts shouldn’t be benefiting organizations that don’t play by the rules. But the important point is that we only know this because of the recipient reporting feature built into the Recovery Act.

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Fixing the Deficit is Not Rocket Science

Seriously.

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GOP Doesn't Care about Deficits ... Especially When It Comes to Defense Spending

No amount of funding for the defense industry could quench the GOP's insatiable thirst for cluster bombing brown people in distant countries ... for freedom.

With release of their cut-to-the-bone 302(b) suballocations last week, the House Appropriations Committee provided yet another display of how Republicans in general - and conservatives in particular – don't care about deficits, as the defense budget received zero scrutiny.

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CBO Monthly Budget Review, May 2011

Congressional Budget Office

Last week, the Congressional Budget Office (CBO) released their latest Monthly Budget Review (MBR). While not as "salacious" as either the April or the February reports – at least in terms of how Capitol Hill is likely to react toward the release – this month’s review includes several interesting items.

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U.S. Chamber Kicks off Barrage against Disclosure EO*

One corporate hack awarding another.

Signaling the first wave of attacks on President Obama's draft executive order (EO) requiring disclosure of political donations by potential federal contractors, the U.S. Chamber of Commerce, utilizing their Astroturf group, Friends of the U.S. Chamber of Commerce, sent out an absurdly deceptive email alert last week calling on supporters to resist the White House's latest transparency effort.

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Yes, Speaker Boehner, There is a Revenue Problem

Yesterday, after a speech on his preferred course of action on raising the debt ceiling, House Speaker John Boehner (R-OH) said that "We do not have a revenue problem. We have a spending problem." Actually, the Speaker has a math problem.

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Truthout Publishes OMB Watch Piece on Contracting

Truthout

Today, Truthout, an independent news and commentary website, published an article written by OMB Watch Executive Director Gary Bass and myself on constructive, manageable ways the Obama administration can reduce influence peddling in government contracting right now.

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The False Sense of Balance of a Balanced Budget Amendment

With federal borrowing rapidly approaching its statutory limit, Washing politicians are falling all over themselves to figure out how to extract more budget concessions from President Obama and Senate Majority Leader Harry Reid (D-NV) in exchange for not throwing the world's financial markets into a panic.

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