Paul Ryan has an aw-shucks boy-next-door appeal and talks about poor people and budgets sometimes. Therefore he is widely considered the face of compassionate conservatism. In fact he is a wacko, extremist class warrior. And not the good kind.
In the White House's budget for fiscal year 2016, to be officially announced Monday, Barack Obama will call for a one-off, 14 percent tax on earnings held by multinational companies overseas, The Guardian reports. There is an estimated $2 trillion in such untaxed earnings.
For whatever reason, the House chose to whip out ye olde Balanced Budget Amendment for another vote today, after it was voted down a couple of times this summer. It failed. The vote was 261-165 in favor of it, but—oops!—you need 2/3 support to amend the Constitution. That's because amending the Constitution should be …
The congressional supercommittee, formally known as the The Joint Select Committee on Failure at Basic Task Execution, is a few days short of its deadline to produce a $1.2 trillion debt reduction plan and not likely to meet its deadline. Onward to the clumsy blame-shifting phase of the show!
Here's a brief guide to congressional debt politics in 2011: In the debt ceiling deal, $1 trillion in spending cuts (or caps on future spending, mostly) was made, while punting at least $1.2 trillion in additional savings to be determined by a supercommittee, later. The supercommitee, now, is considering this brave…
President Obama continued his series of small tweaks to the broken system via executive order this week by asking agencies "to cut about $4 billion per year from the federal government's budget for travel, cellphones, conferences and 'swag' like agency-branded mugs and clothing." This sounds painfully modest. But,…
The city of Topeka, Kansas, which is broke because it exists in America, maybe won't prosecute domestic battery anymore because those cases are too expensive. City officials want the county district attorney to handle them now. But the DA just said last month that he's not going to prosecute any misdemeanors committed…
All that Hurricane Irene and Tropical Storm Lee wanted was to smash a few windows, flood some streets, and uproot an old tree here or there. But now they may indirectly end up shutting down the federal government, too! This really is a banner year for the forces of evil.
In our crazy mixed-up classist system in which poor kids can't even afford homework while rich kids spend endlessly on fancy tutors and private schools only to end up dumb, isn't it time we just gave up?
That nice Boy Scout from down the street who's politely offered to fix America's finances, Rep. Paul Ryan, visited the White House today along with many, many other invited House Republicans. And Ryan, who has been known to sport a sad face when people say mean things about his policy ideas, had some tough words…
It doesn't seem like America's path towards deficit reduction will include Rep. Paul Ryan's plan to privatize and voucherize Medicare anymore, friends. Why? Because President Obama was such a jerk about it.
Massachusetts, the liberal hellhole run by a Democratic governor and two Democratic legislative chambers, is the latest, most surprising state to pick a fight with public employees' unions over collective bargaining rights.
There is some lightly sourced babble at Reuters today about "desire at the highest ranks of the Republican Party" for House Budget Committee chair Rep. Paul Ryan to launch a presidential bid. This is partially confirmed by more lightly sourced babble on Twitter. There's a slim chance of this ever happening — Paul…
President Obama pledged not to attach any signing statements, or little notes saying you'll ignore certain legislative language on constitutional grounds, to new laws back when he was a candidate. He broke that pledge in about two seconds. And in his latest signing statement — appended to the just-passed budget deal…
The House of Representatives passed Paul Ryan's Path to Prosperity budget this afternoon. It will die in the Senate, of course, but now it goes on record as the House Republicans' official fiscal plan for the future.
So the deal for the "largest spending cut in history" that no one knew the components of until ~5 minutes ago is coming up for rubber-stamping today, to avoid a government shutdown. The votes are expected to be there. But maybe we'll get lucky and the government of the greatest nation in the history of the world will…
Barack Obama's major deficit reduction speech this afternoon was certainly better than expected.
The framework for deficit reduction President Obama will lay out Wednesday is a mixed bag for members of his party. It borrows heavily in some areas from the conservative-leaning Bowles-Simpson recommendation, but commits elsewhere to enhancing the cost-cutting programs in the health care law and rejects Republican…
D.C. Mayor Vincent Gray and 40 other protesters—including members of the city council—were arrested by Capitol Police on Monday after they blocked Constitution Avenue near the Capitol in protest of aspects of the budget deal reached by Congress which limit the city's autonomy, specifically prohibiting the use of DC…
If a government shutdown happens, it'll be because Republicans are demanding policy restrictions in addition to spending cuts before agreeing to fund the government through September. These policy restrictions would target abortion providers and seek to limit the reach of the Environmental Protection Agency.
