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14 Apr 2011 13:03

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Politics: Report makes GOP’s budget cut deal look a lot lamer

  • $38
    billion     the agreed-upon spending cuts in the budget compromise struck in a shutdown-preventing bipartisan deal late last week
  • $350
    million     the actual value of the immediate cuts, according to the CBO, since most of the real effect is stretched over future years source
  • » So, what the hell can John Boehner do now? This recent analysis, if it’s both correct and widely disseminated, could have huge implications for the GOP going forward. Since becoming Speaker of the House, the contortions Boehner has made to try to appease the Tea Party contingent have been obvious and striking — it’s clear that his fiscal conservatism is less their sort and more that of establishment Republicanism, by which I mean he doesn’t really care about spending cuts in any significant measure. The $38 billion figure itself was but a minute fraction of the federal deficit, and Boehner looks really ineffective after if these numbers stick. Will the Republican and Tea Party marriage begin to splinter over news like this?
Posted by Chris Tognotti • 0 Comments • Permalink

08 Mar 2011 15:11

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Politics: West Virginia Sen. Joe Manchin is not very impressed

  • Why are we doing all this when the most powerful person in these negotiations, our president, has failed to lead this debate or offer a serious proposal for spending and cuts that he would be willing to fight for?
  • Democratic Sen. Joe Manchin • Calling out President Obama’s leadership on the floor of the Senate today. That this criticism came from freshman Senator Manchin shouldn’t come as a big surprise, as he’s a very conservative Democrat (you may remember him shooting the cap-and-trade bill with a rifle). With the looming departure of Connecticut Sen. Joe Lieberman in 2012, the West Virginia senator seems primed to hoist the title of “Democrat who most antagonizes his own party” going forward. source
Posted by Chris Tognotti • 0 Comments • Permalink

23 Mar 2010 20:41

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Biz: Obama’s pay czar to bailed-out firms: Time for another pay cut!

  • 15% average pay cuts for highly-paid workers at bailed-out firms
  • 33% average pay cuts for their non-stock cash payments source
Posted by Ernie Smith • 0 Comments • Permalink

25 Jan 2010 21:05

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Politics: Twitter takes in, parses the reported Great Obama Budget Freeze

Posted by Ernie Smith • 0 Comments • Permalink

25 Nov 2009 17:28

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U.S., World: Obama has big plans for climate change in Copenhagen

  • 17% goal for emissions cuts by 2020 – good luck source
Posted by Ernie Smith • 0 Comments • Permalink

21 Nov 2009 13:51

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U.S.: Daily Poll: California schools and their sucktastic budget crisis


Posted by Ernie Smith • 0 Comments • Permalink

19 Oct 2009 22:46

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Biz: The New York Times, the nation’s biggest newsroom, is shrinking

Posted by Ernie Smith • 0 Comments • Permalink
 

06 Oct 2009 09:40

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World: Conservatives in the U.K. want everyone to “feel the pain”

  • £7 billion in budget cuts by cutting from just about everyone big time source
Posted by Ernie Smith • 0 Comments • Permalink

01 Oct 2009 09:05

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U.S.: Yes Michigan! The shutdown’s temporary.

  • 2 hours of hardcore snipingly political state shutdown action source
Posted by Ernie Smith • 0 Comments • Permalink

15 Sep 2009 10:44

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Politics: Michael Moore: Newspapers sided with the GOP at their own peril (?!)

  • These newspapers slit their own throats by siding with the group of politicians – I mean, it would be like General Motors funding candidates who promised to get rid of Driver Education.
  • Michael Moore • Discussing the fate of the American newspaper. To further emphasize his point, he says that “we live in a nation of 40 million functional illiterates,” and this was caused by cuts in education that Republican leadership led to. While we don’t think that point is particularly sound, we’ll get behind this one regarding capitalism: “Same theory of General Motors that I watched twenty years ago. How can we get rid of half the employees but still put out the same number of cars? We’ll just make everybody work twice as hard and we’ll save money doing that. And that’s what happened to our newspapers.” • source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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