Posts tagged as:

budget

Deadline, Schmeadline: Congress May Eliminate Automatic Spending Cuts

28 November 2011

It was originally touted as the worst thing that could possibly happen. Okay, the second worst. Yet, the failure to meet the self-imposed Congressional deadline for tweaking the budget came and went last week with relatively little drama. That was surprising after the dire predictions made by members of Congress and the President which sounded [...]

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7 Days To Go: Will the Super Committee Make Its Deadline?

16 November 2011

For those of you keeping score at home, the so called “super committee” has seven days left until it hits the November 23 deadline to fix the budget. The committee, comprised of six Republicans and six Democrats finds itself nearly two months into the process of trying to fix a gaping hole in the budget: [...]

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Budget Vote Shows Medicare Plan Vulnerable

25 May 2011

When presidential hopeful Newt Gingrich first objected to House Budget Committee Chair Paul Ryan’s (R-WI) Medicare proposal, there was a collective gasp in the political sphere. Until a few weeks ago, many Republicans thought the budget, which included a controversial provision to overhaul Medicare, was untouchable. The proposal, which appeared to be endorsed by most of [...]

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The Not-Nearly-So-Dramatic Budget Vote

14 April 2011

I spent most of my day taking calls and in client meetings (it is, after all, tax season) with occasional glances at the news. At one point, I peered up and was fairly certain that something pretty exciting had happened. What with all of the media coverage drama, you’d assume that the vote in the [...]

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Shutdown Averted… for This Week

9 April 2011

So, 433 days after the first version of the President’s budget was offered to Congress, we have an agreement. Sort of. Congress voted through yet another “short term” extension of the budget late last night and early today, heading off a potential government shut down. And by “short term,” this time I mean one week. [...]

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Where Does Popular Start and Policy End?

22 March 2011

In many states, governors are being faced with the difficult choice of cutting services or raising taxes on its residents. As you can imagine, it’s not a politically easy decision. In most cases, it’s a matter of taking from one pocket (cutting services) or another (raising income, sales or property taxes on individuals), both of [...]

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IRS Expanding: Is The Health Care Law to Blame?

23 February 2011

I’ve received a couple of emails asking me to verify a rumor that the IRS is expanding in 2012 due to the new health care law. So, here’s the truth: the IRS is expanding in 2012 due to the new health care law. The details of the expansion can be found in the IRS budget [...]

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Let’s Get Fiscal: Obama Proposes Budget

16 February 2011

The deficit rag, oh yes the deficit rag! Those budget gaps can be a 12-digit drag! I’m telling you, that’s the deficit, they really made a mess of it, that’s the deficit ra-a-ag!* When I was in the seventh grade, my algebra teacher, Col. Maus, told our class that it was impossible for a person [...]

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Paterson’s Take on the Budget: “Everyone is Tired of This”

26 July 2010

New York has a problem: there’s no budget. The budget was due on April 1. Almost four months later, the budget still sits on the table, with no resolution in sight. It has not put Governor Paterson in a good mood. Addressing the press, he said, “I know it’s summer and everyone is tired of [...]

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Rendell Takes Cues from the Super Bowl

26 February 2010

To start the second half of the Super Bowl, with the Colts comfortably ahead of the Saints, Coach Sean Payton called for an onside kick. For those of you who don’t follow football, let me tell you: it’s a remarkably gutsy move. It’s a way to get the ball back early, provided that things go [...]

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