Post Tagged with: "budget"

Republicans Surrender, Nation Worse Off

Republicans Surrender, Nation Worse Off

By rejecting the tough choices this week, Senate Republicans have guaranteed a future President will face much more difficult budget choices, as they try to explain how their actions support smaller, more responsive government, a claim that those who pay attention will find harder and harder to believe.

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South Dakota Governor Dennis Daugaard

Gov. Daugaard Signs $4.3 Billion Dollar SD Budget

South Dakota Gov. Dennis Daugaard today signed the General Appropriations Act, which sets the budget for Fiscal Year 2016. Including general, federal and other funds, the total budget for Fiscal Year 16 is set at $4.3 billion dollars.

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Budgeting for Dependency and Big Government

Budgeting for Dependency and Big Government

You can tell a lot about someone’s priorities by sneaking a peak at their budget. From churches and charities to Fortune 500 companies and individual households, financial statements show true colors, not just lip service. President Obama’s recently-released budget is no different and it showed the world what we already knew — he’s a tax-and-spend liberal with out-of-whack priorities.

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How a Deficit Doubles Itself Into $1 Trillion in Debt

How a Deficit Doubles Itself Into $1 Trillion in Debt

The budget deficit for Fiscal Year 2014 was only $484 billion. In 2015, it will rise to $583 billion, after which it will return to below the $500 billion mark. There’s only one problem. It bears little resemblance to how much money the U.S. Treasury will actually need to borrow to pay for all of the obligations of the federal government over the coming years. In fact, in the 2014 Fiscal Year, the national debt rose by almost $1.1 trillion.

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The Budget: Obama or Reality?

The Budget: Obama or Reality?

The $3.99 trillion latest budget is available from the White House, and once again it is time to put on your rose-colored glasses. Apparently, when it comes to the budget and the economy, there’s Obama, and then there’s reality.

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McConnell Pledges to Use Power of the Purse

McConnell Pledges to Use Power of the Purse

“It takes 60 votes to do a lot of things in the Senate, but there are some things we can do with 51 votes,” said Senator Mitch McConnell. If he is truly determined to use the power of the purse, McConnell should get busy in the December funding bill — before the 2016 presidential election cycle consumes the congressional cycle. Take as many bites at the apple as possible.

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Republicans Shouldn’t Acquiesce to Obama

Republicans Shouldn’t Acquiesce to Obama

The midterm elections are just a week away, and with most predicting a Republican sweep on November 4, House Majority Leader Rep. Kevin McCarthy is setting his sights on the 2015 governing agenda. But before a new Congress is sworn in, the government’s funding for FY 2015 is due to run out on December 11, and Politico’s Jake Sherman reports “[McCarthy] would like to use the lame-duck session to pass a long-term government-funding bill, so Washington can begin focusing on big-picture legislating, instead of just trying to keep government’s doors open.”

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Gov. Daugaard Earns ‘C’ in Fiscal Policy

Gov. Daugaard Earns ‘C’ in Fiscal Policy

The Cato Institute has released its latest Fiscal Policy Report Card on America’s Governors. The grade is based on seven items: two spending, one revenue, and four based on tax rates. Governors who cut taxes and spending most received an “A” and those who increased taxes and spending most received an “F”.

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Watch Out for the Fall Lame Duck Budget

Watch Out for the Fall Lame Duck Budget

Congressional Democrats want to kick the can into the post-election, lame duck period, so they can use another anticipated shutdown to their advantage to achieve their budget priorities without having to worry about voter backlash. Yet, Congressional Republicans would be foolish to accept such a deal. But if House Republicans fear a shutdown hurting their chances in November, expect them to get rolled in budget negotiations.

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Spending Goes Up But the Budget Doesn’t Balance

Spending Goes Up But the Budget Doesn’t Balance

The federal government released the good news that revenue collections have reached an all-time high with total receipts of $1.935 trillion from October 1, 2013 to the end of May. Yet, even with this unprecedented flow of cash into the nation’s Treasury, the October-May deficit is an astounding $436 billion with May’s deficit alone totaling almost $130 billion.

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