Here's the rap on the presidential candidates' plans for cutting federal deficits: Mitt Romney's is too bold and the numbers don't add up, while President Barack Obama's is too timid and his numbers don't add up, either.
A White House report issued Friday warns that $109 billion in across-the-board spending cuts at the start of the new year would be "deeply destructive" to the military and core government responsibilities like patrolling U.S. borders and air traffic control.
When lawmakers return to Washington on Monday, they face big issues, including taxes, spending cuts and the prospect of a debilitating "fiscal cliff" in January. Yet Congress is expected to do what it often does best: punt problems to the future.
The Senate's tax-writing panel voted to renew dozens of tax breaks for businesses like biodiesel and wind energy producers, even as the GOP-controlled House passed symbolic legislation to erase them and create a new tax code with lower rates and fewer special interest tax breaks.
President Barack Obama's health care overhaul will shrink rather than increase the nation's huge federal deficits over the next decade, Congress' nonpartisan budget scorekeepers said Tuesday, supporting Obama's contention in a major election-year dispute with Republicans.
President Barack Obama's health care overhaul will reduce rather than increase the nation's huge federal deficits over the next decade, Congress' nonpartisan budget scorekeepers said Tuesday, supporting Obama's contention in a major election-year dispute with Republicans.
Yes, if Mitt Romney wins the White House and his Republican allies retake the Senate, he could shred most of President Barack Obama's health care law without having to overpower a Democratic filibuster.
DebugScreen: mobile
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"uri": "/2012/10/01/candidates-deficit-plans-dont-add-up/",
"title": "Candidates’ deficit plans don’t add up",
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"summary": "Here's the rap on the presidential candidates' plans for cutting federal deficits: Mitt Romney's is too bold and the numbers don't add up, while President Barack Obama's is too timid and his numbers don't add up, either.",
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{
"uri": "/2012/09/14/administration-warns-of-destructive-budget-cuts/",
"title": "Administration warns of 'destructive' budget cuts",
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"summary": "A White House report issued Friday warns that $109 billion in across-the-board spending cuts at the start of the new year would be \"deeply destructive\" to the military and core government responsibilities like patrolling U.S. borders and air traffic control.",
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{
"uri": "/2012/09/11/boehner-expresses-no-confidence-on-budget-deal/",
"title": "Boehner expresses no confidence on budget deal",
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"summary": "House Speaker John Boehner said Tuesday that he's not confident Congress can reach a budget deal and avoid a downgrading of the U.S. debt rating.",
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{
"uri": "/2012/09/10/congress-returns-for-short-pre-election-session/",
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"summary": "When lawmakers return to Washington on Monday, they face big issues, including taxes, spending cuts and the prospect of a debilitating \"fiscal cliff\" in January. Yet Congress is expected to do what it often does best: punt problems to the future.",
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{
"uri": "/2012/08/14/looming-spending-cuts-hit-more-than-defense/",
"title": "Looming spending cuts hit more than defense",
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"summary": "From border guards to funding for schools, government cuts will have far-reaching effects; Social Security, Medicaid and federal pensions are exempt.",
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"uri": "/2012/08/02/senate-panel-revives-dozens-of-tax-breaks/",
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"prettyDate": "August 02, 2012",
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"summary": "The Senate's tax-writing panel voted to renew dozens of tax breaks for businesses like biodiesel and wind energy producers, even as the GOP-controlled House passed symbolic legislation to erase them and create a new tax code with lower rates and fewer special interest tax breaks.",
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"uri": "/2012/08/01/house-careening-toward-tax-showdown/",
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"prettyDate": "August 01, 2012",
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"summary": "An election-year tax faceoff between Democrats and Republicans in the GOP-controlled House is heading toward a predictable outcome Wednesday.",
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"uri": "/2012/07/25/cbo-maintains-health-law-reduces-deficit/",
"title": "CBO maintains health law reduces deficit",
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"prettyDate": "July 25, 2012",
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"summary": "President Barack Obama's health care overhaul will shrink rather than increase the nation's huge federal deficits over the next decade, Congress' nonpartisan budget scorekeepers said Tuesday, supporting Obama's contention in a major election-year dispute with Republicans.",
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"uri": "/2012/07/24/cbo-says-reform-still-shrinks-deficit/",
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"summary": "President Barack Obama's health care overhaul will reduce rather than increase the nation's huge federal deficits over the next decade, Congress' nonpartisan budget scorekeepers said Tuesday, supporting Obama's contention in a major election-year dispute with Republicans.",
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{
"uri": "/2012/07/16/repealing-health-reform-wont-be-easy/",
"title": "Repealing health reform won't be easy",
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"prettyDate": "July 16, 2012",
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"summary": "Yes, if Mitt Romney wins the White House and his Republican allies retake the Senate, he could shred most of President Barack Obama's health care law without having to overpower a Democratic filibuster.",
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