Showing posts with label Congressional Budget Office. Show all posts
Showing posts with label Congressional Budget Office. Show all posts

Thursday, February 03, 2011

This will be interesting to watch...

House Republicans Plan To Cut $32 Billion From Budget
WASHINGTON -- House Republicans announced Thursday that they plan to cut $74 billion from President Barack Obama's budget for fiscal 2011, slashing the domestic discretionary budget by $58 billion and cutting $16 billion from security spending for the rest of the year.

House Budget Chairman Paul Ryan (R-Wis.), who announced the figures, did not specify which of the hundreds of government programs would see cuts, but promised they would not be the last in GOP leadership's effort to shrink government spending to 2008 levels.

The Republican proposal would only cut $32 billion from current spending levels for this fiscal year, however -- far lower than the $100 billion promised in the party's "Pledge to America."

[snip]

Despite proclaiming a hard-line stance on the budget, Republicans have proposed a number of measures that would increase the deficit, adopting budgeting rules allowing them to pass tax cuts that would increase the deficit.

The House GOP voted in January to repeal 2010's sweeping health care law, even though repeal would add $230 billion to the deficit over the next decade, according to estimates from the Congressional Budget Office. The Senate voted down an amendment to repeal the law on Wednesday.

Ryan will allow the Appropriations Committee to determine where to make cuts based on his budget plan before holding a vote on specific cuts later this month. The measure will be attached to a continuing resolution to fund the government until the end of September, the end of the 2011 fiscal year.

And yes, I am being sarcastic.

Wednesday, May 14, 2008

But homelessness can be fun!

You don't have to worry about mowing lawns and stuff!:
One in every 519 U.S. households received a foreclosure filing in April. Foreclosure filings increased from a year earlier in all but eight states.
You can take your family to live in discarded shipping containers!

Photobucket

Because of the Republican policies, 99% of us are the have-nots:
(CBS) There have always been "haves" and "have-nots" in the United States, but over the past three decades, the gap between them has gotten a lot wider, statistics from congressional numbers crunchers show.

According to the non-partisan Congressional Budget Office, income for the bottom half of American households rose six percent since 1979 but, through 2005, the income of the top one percent skyrocketed - by 228 percent.

Wednesday, October 24, 2007

I said I want my money back.

From Enron, from Blackwater, from Cheney and Halliburton, from Georgie and his war debacles:
Washington, D.C. (AHN) - The total cost of the U.S. wars in Iraq and Afghanistan could reach $2.4 trillion by 2017, according to a Congressional report released Wednesday. Put into perspective, that amounts to approximately $8,000 per current American citizen, including those born today, or $21,500 per American household.

The Congressional Budget Office, a government agency that provides non-partisan budget analysis for the US Congress, compiled the figures.

The money includes $604 billion already spent on the conflicts, CBO Director Peter Orszag told the House Budget Committee. It also includes over $400 for interest payments, as the operations have relied heavily on borrowed funds.

The figure would keep 75,000 troops deployed in Iraq and Afghanistan from 2013 to 2017, just over a third of current deployment. The CBO estimates that reducing troop levels to 30,000 by 2010 would save $485 billion.

The figures include military operations, diplomatic operations, veterans' medical care and survivor benefits, among other costs. They do not include the Pentagon's normal spending, estimated at $450 billion for 2007.

The report was released just days after President Bush increased his 2008 defense spending request to $200 billion and urged Congress to approve the funds before it's holiday recess.
I want my money back.