Truly Wasteful Spending

President Bush wants (at least) $200 billion for another year of war in Iraq and Afghanistan. But he won't pay for health care for kids or veterans, or more cancer research, all things that would be funded under proposals Congress is considering but the President has threatened to veto. Dean Baker on the President's perverse priorities:

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EarmarkWatch.org -- the Wiki for those who Wonder...

... just who's getting all those earmarks anyway? Who's giving them and why? Do earmarks meet pressing needs or pay off political favors? And which are pure pork? Check out EarmarkWatch.org, a new tool that makes it easy to look under the rock and take a close look at earmarks, like the $100,000 prize that Sen. David Vitter (R-LA) secured for an organization that promotes creationism in Louisiana schools -- paid for in part by you, of course.

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Pear: Overview of Budget Showdown

The reliably informative Robert Pear has a good article on the budget debate in today's New York Times. I didn't know this: Mr. Bush's public comments suggest he is determined to veto one or more appropriations bills, to highlight what he describes as excessive spending. But neither side has a postveto strategy. Democratic leaders in Congress say they have yet to resolve the most basic strategic question: Should they negotiate with the president or just send him bills reflecting their priorities and wait to see what happens?

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Two Ironies Of The SCHIP Debate

President "Heckuva job, Brownie" Bush has cast himself as the defender of the poor against the greedy working class, which doesn't deserve help with their health insurance bills. I don't see how else you read statements like this.

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House, Senate Reach Deal on SCHIP

See the press release, with policy details, on House Speaker Nancy Pelosi's webpage.

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Mother of all Tax Bills: Spectacular Conception?

Biology Lesson: Policy Proliferates Progeny The massive-and-still-growing tax bill gestating in the House Ways and Means subcommittee on Select Revenue Measures -- now in at least its third trimester -- may include not only AMT, EITC and, appropriately, a child tax credit, is hatching yet another embryonic idea: a corporate tax cut. According to yesterday's Wall Street Journal, Ways and Means chair Charles Rangel (D-NY) "is open to cutting corporate-tax rates if the lost revenue can be made up by eliminating existing provisions and loopholes used by businesses."

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Debt on Arrival -- Take II

Sometime before its Columbus Day recess, the Senate will vote on legislation to raise the ceiling on the national debt to nearly $10 trillion. Treasury Secretary Paulson wrote congressional leaders on Wednesday that the statutory limit of $8.965 trillion would be reached Oct. 1. Last week, the Senate Finance Committee OK'ed boosting the debt limit by $850 billion to $9.815 trillion. The House did likewise without a roll call vote (under the so-called 'Gephardt' or 'Hastert' rule) when it adopted the fiscal 2008 budget resolution in May.

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Magic of the Market, Private Prisons Edition

A recent study by University of Utah professors found no clear advantage to privatizing prisons, in terms of either cost or benefits. The Desert Morning News has the story (via the AFSCME privatization blog): Privatizing Utah's prison system would have no clear cost advantages, according to an independent study that was presented to lawmakers on Wednesday.

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In Local News...Payday Loan Interest Rates Capped!

The DC city council has capped payday loan rates...via DMIblog. The D.C. Council voted 12 to 1 yesterday to approve legislation that would require payday loan stores to charge the same annual percentage rate as banks and credit unions, a limit that the payday lending industry says will put them out of business in the city.

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White House Releases Next Round of PART Scores

The White House released the next round of PART scores yesterday (the 2007 PART scores), adding an additional 40 new programs that had never before been assessed to the docket and 75 programs that were reassessed at the request of agency staff. The full gambit of PART scores can be found at ExpectMore.gov, but it is difficult to identify the newly assessed programs or the ones that were reassessed.

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