When the dust clears, the recently realized sequestration maneuver will succeed to do at least one thing: to show Americans that our budget crisis cannot be solved without addressing entitlement spending. As of the spending cuts that were officially triggered this past weekend, the United States has at least started the grueling process of balancing its budget after decades of decadence, indulgence, mismanagement, and shortsightedness. Ultimate...
mberg, other New York Mayors have often preferred to pick fights rather than avoid them. Koch, for instance, found himself entrenched in battles on several fronts. He fought with the New York State legislature over the severe budget deficits, he encountered resistance from the unions, and opponents accused him of being the cause of worsening racial tensions. Before being lionized by his handling of the events of September 11, Rudy Giuliani took t...
In early 2009, concerns about the rising private and national debt levels in Europe moved some policymakers to start talking about belt tightening and tax hikes as ways to reign in budget deficits and tackle monstrous debts. Now, nearly three years and various bailouts later, the European debt crisis is far from over and national budget deficits are very far from under control. As 2013 approaches we are seeing both the true extent of the Europe...
the story of Clinton’s comeback hold for Obama? Sex scandals and impeachment trials notwithstanding, Clinton enjoyed enormous successes as President. The economy boomed. He presided over a federal government with a projected budget surplus for the first time since 1969. He signed a landmark welfare reform bill. Newt Gingrich was embarrassingly deposed as Speaker of the House just four years after taking office, reflecting the reversal of his par...
In the first half of 2010, investor confidence in several European nations plummeted. For years these nations had experienced debt accumulation and increasing budget deficits. Understanding the urgency of the crisis, virtually all Western European countries—even financially secure ones—implemented austerity programs and made efforts to decrease structural deficits. Despite the transnational support for austerity, the policy has been met with str...
The Ryan plan: The millionaire’s best friend Last Thursday, the House of Representatives approved Paul Ryan’s budget proposal for the 2013 fiscal year. Leaving aside the fact that it faces certain death in the still-Democratically-controlled Senate, there are reasons that it probably shouldn’t have passed in the first place. Principal among these is the proposal that came from the Congressional Black Caucus, which 75 Democrats voted against, d...
You can say whatever you want about House Budget Committee chairman Paul Ryan (R- WI), but you can’t deny this—the man has cojones. Not just because his “Path to Prosperity” budget proposal takes a chainsaw to virtually every sacred cow in the federal budget, but because unlike everyone else in the game, he actually has a plan. That’s dangerous. And the contenders for the Republican nomination know that, hence their reluctance to say anything ab...
years, weathered three administrations, and never once backed down from his principles. He wanted to overhaul Medicare when it was politically toxic, and kept on chugging as the Tea Party moved the issue to the forefront. His budget is a culmination of his 41 years on this planet, and many terms in Congress. It is the pinnacle of conservative thought. A true vision for this country. No wonder Mitt thought this guy is the one who should be running...
e majority of Planned Parenthood’s activities consist of primary health services—treatment for sexually transmitted diseases, birth control and so forth. In this way, the No Taxpayer Funding For Abortion Act, the title of the budget amendment sponsered by Mike Pence, is greatly misleading. This legislation is not merely intended to promote an anti-abortion agenda. Rather, it is part of a greater and more formidable movement to attack women’s heal...
der vein and under a more scintillating name, the US indeed influences elections and campaigns worldwide. Created in 1983, the National Endowment for Democracy (NED) is directly funded by the United States Congress within the budget of the US Agency for International Development. This money goes to four organizations, two of which are the National Democratic Institute and the International Republican Institute. The NED prides itself on spreading...
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