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01 Feb 2012 10:07


Politics: CBO: What if Congress did nothing this year? Well, we’d cut the deficit

  • positive According to a hypothetical posed by the Congressional Budget Office, if Congress’ deadlock worsened and nothing got done this year, the deficit would shrink heavily as the Bush tax cuts would expire and other spending initiatives would end. Huh.
  • negative However … this comes with a lot of pain. As federal workers lose their jobs, the unemployment rate would rise above 9 percent again, and the economy’s recent gains would get pushed back, according to CBO estimates. Would the cost be worth the benefit, guys? source
  • » The trade-off: “On the one hand, if policymakers leave current laws unchanged, the federal debt will probably recede slowly,” said CBO director Douglas W. Elmendorf. “On the other hand, changing current laws to let current policies continue … would boost the economy and allow people to pay less in taxes and benefit more from government programs in the next few years — but put the nation on an unsustainable fiscal course.” That’s a tough one, kids.

11 Oct 2009 01:08


U.S.: California legislature again deadlocked, this time over water

  • 704 bills have been clogged by a massive water bill source

20 Jul 2009 22:42


U.S.: California’s budget agreement: Everyone comes out on the short end

  • Politicians Facing the kind of political deadlock only captured in movies, it’s surprising they even pulled it off. “There isn’t a whole lot of good news in this budget,” said Democratic Senate leader Darrell Steinberg.
  • The poor Welfare checks get cut – or go away entirely – for many families. Health care gets cut for thousands of children, along with their grandparents. To cut the budget by $26.3 billion, social welfare goes the way of the dodo.
  • CutbacksState workers will continue to get their days cut. Prisoners (unless you’re a Manson) will get out early, making the streets “safer.” But despite all of this, politicians managed to largely avoid raising taxes. source

15 Jun 2009 11:04


U.S.: The NY State Senate cluster&#^% continues to cluster&#^%

  • return One of the two Democrats the Republicans in the State Senate managed to convince to switch, sides, Hiram Monserrate, has decided to switch back, creating even more confusion.
  • deadlock So what’s next? Well, the state senate turns into an even 31-31 split, which means that nobody has power. The Republicans’ attempt at a power grab sure backfired, didn’t it? source