Government Spending & Budgets

Sioux City Airport in Iowa hangs “We Did Build This” Banner for President Obama’s visit

September 3, 2012

“U.S. Sen. Tom Harkin, D-Iowa, announced that $1.19 million has been awarded to build a new airport under the direction of the Sioux County Regional Airport Agency.”

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Japan announces plans to cut Government Spending because the Government could run out of cash by October

September 1, 2012

“The impasse in Japan’s parliament has raised fears among investors that the world’s third largest economy is being driven towards a “fiscal cliff”, Reuters reported.”

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House Panel calls on the Department of Labor to turn over documents related to the Stimulus-Cash-for-MSNBC-Ads Scandal

August 31, 2012

“The contract with McNeely Pigott & Fox Public Relations LLC in 2009 resulted in more than 100 commercials on cable shows hosted by Rachel Maddow and Keith Olberman to raise awareness about the Job Corps program’s training in environmentally-friendly career areas.”

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Federal Reserve Chairman Ben Bernanke won’t rule out additional bond purchases

August 31, 2012

“Mr Bernanke reviewed four possible costs of additional asset purchases. He said they could damage the function of securities markets, raise inflation expectations, undermine financial stability or cause the Fed to make financial losses.”

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Analyzing and Simplifying the 2012 Republican Party Platform: American Exceptionalism

August 29, 2012

“We are the party of peace through strength. Professing American exceptionalism – the conviction that our country holds a unique place and role in human history.”

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Ezra Klein’s response to the RNC: The Bush-era Tax Cuts and Wars account for half of Public Debt by 2019

August 29, 2012

“The top layer, the orange one, that’s the Bush tax cuts. There is no single policy we have passed that has added as much to the debt, or that is projected to add as much to the debt in the future, as the Bush tax cuts, which Republicans passed in 2001 and 2003.”

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Speaking at the American Legion’s National Convention, Romney vows to reverse Defense Spending cuts and improve Veterans’ Affairs

August 29, 2012

“The former Massachusetts governor also said he will cut the red tape that bogs down disability claims at the Department of Veterans Affairs and strengthen the economy to ensure that veterans can find work.”

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Standard & Poor’s lowers Illinois’ Credit Rating to ‘A’ following continued pension problems and government gridlock

August 29, 2012

“The downgrade, from A+ to A, leaves Illinois with the nation’s second-lowest rating from S&P. California is rated A-, but it has earned a “positive outlook” from the firm.”

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Analyzing and Simplifying the 2012 Republican Party Platform: Renewing American Values

August 28, 2012

“We are the party of independent individuals and the institutions they create – families, schools, congregations, neighborhoods – to advance their ideals and make real their dreams.”

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Analyzing and Simplifying the 2012 Republican Party Platform: Economic Policy

August 28, 2012

“Republicans will pursue free market policies that are the surest way to boost employment and create job growth and economic prosperity for all.”

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William Douglas’ Outline of the 2012 Republican Party Platform

August 28, 2012

“TAXES: Romney calls for cutting marginal income tax rates 20 percent across the board and eliminating taxes on dividends, interest and capital gains for taxpayers with adjusted gross incomes of less than $200,000.”

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Argentine President Fernandez de Kircher’s popularity sank to 30% in August on worries about crime and high inflation

August 27, 2012

“The international bond market has shunned Argentina since its 2002 sovereign debt default and subsequent embrace of policies that emphasize state intervention in the markets and heavy government spending meant to stoke economic growth.”

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Arizona Lawmakers want the state to start building a fence along the U.S.-Mexico Border despite a lack of funding

August 26, 2012

“The committee has raised just 10 percent of the $2.8 million needed to complete a mile of fencing. The ultimate goal is to build 200 miles of border fencing.”

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German Economy Minister Philipp Roesler rejects Greece’s request for more time to implement economic reforms

August 26, 2012

“Greece’s prime minister Antonis Samaras told German Chancellor Angela Merkel that his country needs ‘‘time to breathe’’ before it can make all the budget cuts and reforms demanded as part of its €240 billion ($300 billion) bailout packages.”

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In 2009, the Department of Labor paid stimulus funds to a P.R. Firm to run pro-Obama Ads on MSNBC

August 22, 2012

“Spending reports under the federal Recovery Act show $495,000 paid to McNeely Pigott & Fox Public Relations LLC, which the Labor Department hired to raise awareness.”

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