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Tag Archives: Deficits

Trump kills the Tea Party

Donald Trump’s new budget “puts the final nail in the tea-party coffin“. At first, you may think you should thank Donald Trump for finally getting rid of those pesky tea party politicians. However, there was nothing wrong with the stated goals of the tea party, the problem was that they were actually absolute hypocrites. The […]

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Military Welfare

Donald Trump’s proposed budget will increase military spending by $54 billion, while slashing the State Department (and almost certainly lots of other things). But we already spend an insane amount of money on the military: Even without the Trump bump, that’s four times more than the #2 country. In fact, the entire world (not counting […]

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Trump Might Just Destroy the World Economy

If you were worried about whether Donald Trump would destroy our economy, you don’t have to worry any more. In an interview last week on CNBC, Trump explained how he was going to destroy our economy. Bonus points: he will not just destroy our economy, but likely most of the world economy. Don’t believe me? […]

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Budget in the Eye of the Beholder

© Joel Pett Republicans say we have to cut spending. Well, except for military spending. And subsidies for the fossil fuel industry. And all their other pet projects … But one thing is clear. Republicans are in favor of spending that benefits the rich (like tax cuts), but against spending the benefits the poor (like […]

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Saving the Homeless

Sometimes we are penny wise but pound foolish. Like when we “deinstitutionalized” our psychiatric hospitals and dumped all our mental patients out on the street, exacerbating the homeless problem. But now we are finding out that kicking people out onto the street doesn’t save any money at all. A new study shows that the cost […]

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Who wants to cut federal spending?

Once again, the Air Force has recommended retiring the A-10 (“Warthog”) support airplane, which would save us taxpayers $4 billion. That’s quite a chunk of change, and given that everyone keeps talking about how we need to cut spending and reduce the deficit, you would think it would be a slam dunk to kill an […]

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Better and Better

The Congressional Budget Office has issued an updated accounting report on the Affordable Care Act, and there is good news. We already know some of the good news — more people will be covered by Obamacare than expected. But I just want to remind people how significant that is — the whole point of health […]

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Health Education

© Jen Sorensen What is going to happen as people realize that all the lies they have been fed about Obamacare aren’t true? Indeed, the only complaints about the ACA that are actually true is that a single payer system would have been far simpler, easier to implement, and cost less. But of course the […]

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Welfare Reform

Nicholas Kristof has a must-read editorial in the NY Times. Kristof looks at the conservative mantra that government assistance reduces initiative, causes dependence, and increases the deficit — and agrees! He helpfully suggests five public welfare programs are wasteful and have turned us into a nation of “takers”. They should be eliminated as quickly as […]

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It is only Pork if it benefits someone else

Conservative Chief Justice of the Supreme Court John Roberts has issued a report that warns that the US court system is being damaged by the sequestration budget. According to Roberts, the cuts to the federal court system’s budget “pose a genuine threat to public safety”. So, Republicans will not let the government raise any new […]

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So much for budget restraint

Just a few days after the budget bill that included canceling emergency unemployment benefits but increased spending on the already bloated military, our government has added injury to insult by passing a new National Defense Authorization Act which unbelievably gives $30 billion more to the military than was was allocated just a few days ago. […]

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It depends on what you mean by “everything”

New York magazine reports on a story in the Wall Street Journal (which is unfortunately protected behind a pay-wall). Republican Congressman Doug Collins states that “Congress should do everything in its power to tackle deficits.” Except that deficits are, by definition, the difference between revenue and spending, so a reporter asks him whether Republicans should […]

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It isn’t Pork when I benefit

Sadly and predictably, the entire contingent of House Republicans from Colorado asked (practically begged) the federal government for emergency funding in the wake of massive flooding in Colorado, but they all voted against emergency relief for Superstorm Sandy victims on the East Coast just a few months ago. The same Republicans also signed a letter […]

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Negotiating with Terrorists?

House Republicans say “This is the line in the sand.” House Speaker John Boehner has given in to the radical fringe of his party who say they will shut down the government unless Democrats agree to repeal healthcare reform. So here is the choice they are demanding: If Obamacare is repealed, people will die. If […]

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All In The Family

© Barry Deutsch I’ve often commented about the idiocy of comparing the federal budget to a typical family budget. But I had to post this comic because of the last panel. Indeed, some politicians are proposing exactly that — to steal our elders’ Social Security insurance money. Who would ever suggest such a thing?

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