Government Spending & Budgets

President Obama Continues to Pressure Congressional Republicans on the Sequestration Spending Cuts Deadline

February 19, 2013

“Obama is trying to get concessions from Congress to stall the cuts by ending tax breaks enjoyed mainly by wealthy Americans.”

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State of the Union Address: President Obama Promotes Infrastructure Spending and Repair

February 13, 2013

“Tonight, I propose a “Fix-It-First” program to put people to work as soon as possible on our most urgent repairs, like the nearly 70,000 structurally deficient bridges across the country.”

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State of the Union Address — President Obama: Deficit Reduction Alone is not an Economic Plan

February 13, 2013

“A year and a half ago, I put forward an American Jobs Act that independent economists said would create more than one million new jobs. I thank the last Congress for passing some of that agenda, and I urge this Congress to pass the rest.”

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State of the Union Address: President Obama Criticizes Using the Debt Ceiling as a Bargaining Tool

February 13, 2013

“Let’s agree, right here, right now, to keep the people’s government open, pay our bills on time, and always uphold the full faith and credit of the United States of America.”

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Sen. Marco Rubio State of the Union Republican Response Excerpt: Warning Against Increasing Spending And Taxes

February 12, 2013

“Florida Sen. Marco Rubio says in excerpts released ahead of his Republican response to Obama’s State of the Union address that he hopes the president will “abandon his obsession with raising taxes” and try to grow the economy.”

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President Obama State of the Union Address Excerpt: Job Creation Without Increasing the Deficit

February 12, 2013

“The president said his proposals to increase spending on manufacturing, infrastructure and clean-energy technologies would be fully paid for, though he did not specify in the excerpts how he would offset the cost of his proposals.”

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European Union Leaders Meeting at Brussels Conference Reach Agreement on Broad 7-Year Budget Framework

February 8, 2013

“The officials said around 12 billion euros would be cut from the last budget proposal, made at a summit in November when agreement eluded leaders, bringing the headline ceiling for spending down to 960 billion over the full 2014-2020 plan.”

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Brussels Summit Chair Herman Van Rompuy Urges Compromise on the European Union (EU) Budget

February 8, 2013

“The Brussels summit chair, Herman Van Rompuy, urged them to compromise and keep the EU budget focused on growth, innovation and creating jobs.”

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Senate Democrats Propose Ending Farm Subsidies to Avoid Sequestration Spending Cuts

February 7, 2013

“Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) confirmed that the prime target for spending cuts is an outdated system of direct cash payments to producers that still costs taxpayers close to $5 billion a year and has long been a target for reformers.”

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European Central Bank Helps Put Ireland On Track For European Union and International Monetary Fund Loans

February 7, 2013

“Ireland struck a long-awaited deal on Thursday to ease the burden of debts it took on to rescue its banking system in a way that will cut its budget deficit and borrowing needs and put it on track to end its reliance on EU-IMF loans this year.”

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Defense Secretary Panetta: Budget Uncertainty Is The “Greatest Security Risk We Are Facing As A Nation”

February 7, 2013

“The responsibility of dealing with this crisis rests with the leadership of the nation. I know that the members of this committee share the deep concerns I have raised about sequestration, and I urge you to do the responsible thing and avoid weakening our national defense.”

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Senate Majority Leader Harry Reid (D-NV) Criticizes the United States Postal Service’s Plan to Cut Saturday Deliver

February 7, 2013

“Senate Majority Leader Harry Reid today said he questions the “legality” of the decision and charged that the postmaster general has made future postal reform even more difficult.”

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Defense Secretary Panetta: End Budget Uncertainty, The U.S. Needs An “Agile And Ready” Force

February 7, 2013

“But in order to be able to effectively protect the American people and our interests abroad at a time of instability we must have an agile and ready force, and above all, we must end the cloud of budget uncertainty that is hanging over the Department and the entire U.S. government.”

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Education Secretary Arne Duncan: Waiving NCLB Requirements Has Given States $3 Billion in Additional Funding

February 7, 2013

“In late 2011, Obama offered states waivers to some parts of No Child Left Behind, as long as they followed his requirements on college preparation, testing and boosting graduation rates.”

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Congressional Budget Office Estimated Cost of Repealing Medicare’s Sustainable Growth Rate Decreases to $138.3 Billion

February 7, 2013

“The CBO downgraded the cost of repealing the flawed formula from $243.7 billion to $138.3 billion. That significantly lightened the load for lawmakers who agree that they’ve got to scrap the formula but have been gridlocked for years over how to pay for it.”

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