Government Spending & Budgets

President Obama, on the Sequestration Spending Cuts: We’ve Got Some Governing To Do

February 25, 2013

“”At some point, we’ve got to do some governing. And, certainly, we can’t keep careening from manufactured crisis to manufactured crisis.”"

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North Dakota State House Overwhelmingly Defeats Proposed Welfare Drug Testing Program

February 24, 2013

“A bill that would have required welfare recipients to undergo drug testing died Friday in the North Dakota House. It was defeated soundly on a 72-19 vote.”

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Louisiana Governor Bobby Jindal (R) Proposes Delaying ObamaCare Implementation to Offset Sequester

February 24, 2013

“Though unlikely to gain traction, Jindal’s proposal is the governor’s latest attack against the president’s health care law. In particular, Jindal has stood firm against the Medicaid expansion that is a key tenet of the Affordable Care Act.”

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Virginia Governor Bob McDonnell (R) to Sign Bipartisan Transportation Spending and Tax Bill

February 24, 2013

“The new law, which cleared the state Senate Saturday and now awaits McDonnell’s signature, cuts the state gas tax, implements new levies on wholesale gasoline and diesel sales and hikes the sales tax in order to steer hundreds of millions of dollars to state and local transportation projects.”

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Politico: Republicans Lack Unity in Dealing With the Upcoming Sequestration Spending Cuts

February 24, 2013

“There seem to be three distinct camps: Most congressional Republicans appear willing to let the sequester happen since they can’t replace it in time. Others want the cuts to be even deeper. And still others wish that House Speaker John Boehner and President Barack Obama would just get in the same room and negotiate a deal.”

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Moody’s Investors Services Downgrades Great Britain’s Credit Rating From AAA to Aa1

February 24, 2013

“Moody’s announced on Friday night that it had cut the Government’s bond rating one notch from ‘Aaa’ – the highest possible level – to ‘Aa1’.”

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U.S. State Governors Warn Against Upcoming Sequestration Cuts

February 24, 2013

“With the prospect of a last-minute agreement in Washington increasingly unlikely, the governors said the scheduled cuts would have a grave impact in a wide range of areas, including the military, Border Patrol and job growth.”

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Bob Woodward: President Obama and the White House Initiated the Automatic Sequestration Spending Cuts

February 24, 2013

“Obama personally approved of the plan for Lew and Nabors to propose the sequester to Senate Majority Leader Harry Reid (D-Nev.). They did so at 2:30 p.m. July 27, 2011, according to interviews with two senior White House aides who were directly involved.”

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President Obama Calls Senate Minority Leader Mitch McConnell (R-KY) and House Speaker John Boehner (R-OH) to Discuss Sequestration

February 21, 2013

“The outreach was Obama’s first in weeks to top Republicans in Congress. They came as both parties remained in a stalemate over how to avoid automatic, across-the-board cuts that would trim $85 billion from most government accounts.”

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House Republicans Continue Resistance Against President Obama’s Proposed Tax Increases

February 20, 2013

“Party strategists have advised Republican members to aggressively blame the president for the creation of the automatic cuts and the failure to stop them.”

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British Prime Minister David Cameron Proposes Diverting Funds From Foreign Aid to Defense

February 20, 2013

“Britain deploys thousands of troops in Afghanistan and his comments could allow the government to use funds originally intended for foreign aid for what it regards as peace keeping, easing the strain on public finances.”

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Florida Republican Governor Rick Scott Approves State Medicaid Expansion Under ObamaCare

February 20, 2013

“Earlier, Scott said he did not want Florida to participate in the health law’s Medicaid expansion partly because of what he believed are eventual costs to his state for increasing coverage.”

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President Obama Interviews With 8 Local Television Stations to Increase Sequestration Pressure on Congressional Republicans

February 20, 2013

“Obama scheduled interviews with television stations in eight media markets, most of which have a strong military presence, on a day when the Pentagon described its plans for laying off some 800,000 civilian employees for 22 days to save money.”

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Standard & Poor’s Downgrades Tunisia’s Credit Rating For the Third Time Since January 2011

February 20, 2013

“Hours before Jebali announced his resignation, Standard and Poor’s rating agency downgraded Tunisia’s credit rating for the third time since Mr. Ben Ali’s removal: from BB to BB-.”

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Pentagon Informs Congress That Sequestration Cuts Will Lead to 800,000 Civilian Job Layoffs

February 20, 2013

“Defense officials have warned lawmakers that sequestration will devastate the military and lead to a hollow force, but the civilian furloughs will be one of the first major impacts felt by the across-the-board cuts.”

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