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Monday, February 14, 2011

It's All Politics

Obama Makes New Budget Sales Pitch; GOP Strikes Back

President Obama shakes hands with eighth grade students Monday during a visit to Baltimore's Parkville Middle School and Center of Technology, where the president spoke about his 2012 budget proposal.

February 14, 2011 Monday was another engagement in what's likely to be a long twilight struggle between President Obama and Republicans over the best way to get the nation's fiscal house in order while providing the best climate for future economic growth.

Summary

The Two-Way

It's Budget Day: Obama To Present $3.7 Trillion Plan For 2012

February 14, 2011 The administration also projects that the deficit for the current year will surge to an all-time high of $1.65 trillion.

Summary

Friday, February 11, 2011

It's All Politics

House Tea Partiers Force Deeper Spending Cuts Of $100 Billion

House Speaker John Boehner leaves a Capitol Hill news conference, Thursday, Feb. 10, 2011.

February 11, 2011 Tea Party House freshmen have exerted their power, forcing their leaders to keep a campaign pledge. House leaders appeared ready to compromise on a campaign pledge to cut $100 billion in spending with $74 billion in cuts.

Summary

Tuesday, January 25, 2011

It's All Politics

Obama To Propose 5-Year Discretionary Spending Freeze

President Obama walks from the Oval Office along the White House Colonnade hours before his State of Union address.

January 25, 2011 The 5-year freeze proposal expands on Obama's earlier call for a 3-year freeze on discretionary spending. The problem is, freezing discretionary spending doesn't solve the overall fiscal problem which is driven more by entitlement spending.

Summary

Thursday, January 20, 2011

It's All Politics

House GOP Proposes $2.5 Trillion In Spending Cuts Over 10 Years

Rep. Jim Jordan (R-OH).

January 20, 2011 To get their savings House Republicans targeted many programs they've had in the sights for decades. Besides cutting money to implement the health care law, the proposed cuts would include the Corporation for Public Broadcasting and Amtrak.

Summary

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