2012 May 24 |
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Spending Cuts

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Success! Well, kind of.

It looks like House leaders, Senate leaders, and the White House have struck a deal on raising the debt limit. According to a presentation created by Speaker of the House John Boehner, it will initially cut $917 billion from the budget over 10 years in return for raising the debt ceiling by $900 billion, and requires Congress to find more cuts before it can be raised by another $1.5 trillion.  It also requires a vote on a Balanced Budget Amendment to the Constitution by the end of the year.  And it doesn’t include any tax increases.MORE

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The other day, I noted the need to cut spending as one of the top pledges House (and Senate) Republicans should make this year. Today the 112th Congress will convene and we will hopefully begin to see some of this in action.

Or will we?

This Reason video suggests that we will see the same old cycle of promises to cut spending, followed by a spending spree by both parties:MORE

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A New Year approaches. Along with it comes a brand new Congress. There are many things Congress needs to do next year. However, I believe there are five that are of the utmost importance; things that the new Congress should make New Years Resolutions.

Resolve to Reform Healthcare…By Repealing Some of It

In 2010, we saw a lot of talk about reforming health care, and we got reform.MORE

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