Government Spending & Budgets

Defense Secretary Panetta says he regrets the cost to taxpayers for his weekend trips to his California home

April 17, 2012

“A taxpayer would have to pick up those costs with any secretary of state or secretary of defense. But having said that, I am trying to look at what are … the alternatives here that I can look at that might possibly be able to save funds and, at the same time, be able to fulfill my responsibilities, not only to my job, but to my family.”

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San Diego unveils the city’s first “structurally balanced” budget in “years”

April 12, 2012

“San Diego Mayor Jerry Sanders on Wednesday presented what he called the city’s first “structurally balanced budget in years.” For the first time in his seven years, there is no need for layoffs or service cutbacks.”

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French Socialist Presidential Candidate Hollande: Financial markets won’t punish France for electing me

April 12, 2012

“Mr. Hollande, who is trailing President Nicolas Sarkozy in polls tracking voting intentions for the first round, but is still ahead in surveys for the May 6 run off, pledged to dominate finance, but admitted that—if necessary—he will have to fulfill market demands by cutting public expenditure and raising taxes.”

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Rocket Launch costs North Korea $850 million

April 12, 2012

“The cost of the rocket, revealed in restricted documents seen by The Daily Telegraph, would have been able to buy 2.5 million tons of corn of and 1.4 million tons of rice – helping to alleviate poverty for millions.”

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Secretary of State Clinton allowing U.S. funds to flow to the West Bank and Gaza despite a hold by House Foreign Affairs Committee Chairwoman Ileana Ros-Lehtinen (R-FL)

April 11, 2012

“[Clinton's defiance is] a rare display of executive-branch authority sure to anger the key lawmaker concerned about protecting her congressional oversight role.”

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Greece Prime Minister Lucas Papademos resigns, setting the stage for early elections on May 6

April 11, 2012

“He formally handed his resignation to President Carolos Papoulias after telling his coalition cabinet a May 6 ballot was needed to secure a new mandate for reforms to return Greece to growth and secure its place in the eurozone.”

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Report: The General Services Administration spent millions in relocation costs

April 11, 2012

“The latest example of GSA waste to become public came from a transcript of an interview between an inspector general’s investigator and an employee who handled relocations.”

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President Obama enlists the support of wealthy people for a 30% tax on millionaires

April 11, 2012

“The proposal has become a favorite political theme for the president, who touted it in a speech last week, then again at events in Florida on Tuesday.”

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House Transportation and Infrastructure Committee: 5 employees associated with the Government Services Administration went to Hawaii for up to a week in 2011 to attend an hour-long ribbon cutting ceremony

April 11, 2012

“That one would be in Hilo, Hawaii for 10 days and would include ribbon cuttings for a federal building, a post office and perhaps a courthouse.”

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Rep. Paul Ryan (R-WI): My Catholic faith helped shape the Republican Budget Plan by emphasizing “local control” and “concern for the poor”

April 11, 2012

““A person’s faith is central to how they conduct themselves, in public and in private, so to me, using my Catholic faith, we call it the social magisterium, which is: How do you apply the doctrine of your teaching into your everyday life as a lay person?” he said.”

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U.S. Government Debt exceeds the debt of all Eurozone countries and the United Kingdom combined

April 11, 2012

“America’s debt is currently $15.1 trillion, while the Eurozone has a combined debt of $12.7 trillion.”

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Bank of America loan to Congressional Black Caucus Chairman Rep. Emanuel Cleaver (D-MO) may be partially paid off by taxpayers

April 11, 2012

“According to the Kansas City Star, the Small Business Administration (SBA) backed about three-quarters of Cleaver’s 2002 loan, which means that if the loan goes bad, the SBA could pay off $1.1 million of that debt.”

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French Presidential Candidate Francois Hollande: My proposed 75% income tax on millionaires would last “for many years”

April 10, 2012

“Slashing France’s public debt from the current 89 percent of gross domestic product to the EU target level of 60 percent would take “many years”, said Sapin, a former finance minister who is in charge of Hollande’s election manifesto.”

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White House diverts $500 million in funding to the IRS for the implementation of ObamaCare

April 10, 2012

“The money is only part of the IRS’s total implementation spending, and it is being provided outside the normal appropriations process. The tax agency is responsible for several key provisions of the new law, including the unpopular individual mandate.”

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Report: Defense Secretary Panetta’s personal trips to California have cost taxpayers $843,000

April 8, 2012

“As Pentagon chief, Panetta is required to travel on military planes because they have the secure communications equipment he needs to stay in contact with the president and other top civilian and military leaders.”

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