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WASHINGTON - Guaranteeing health insurance for all Americans may cost about $1.5 trillion over the next decade, health experts say. That's more than double the $634 billion 'down payment' President Barack Obama set aside for health reform in his budget, raising the prospect of sticker shock at a time of record federal spending.
Obama's cuts in government waste are all hype with absolutely no substance.
There is an old saying about being "penny wise and pound foolish." This saying certainly applies to the Congressional budget super committee. The time is rapidly running out for this committee to come out with $1.2 trillion of budget cuts in the next 10 years. If they cannot, then automatic cuts kick in with half of them coming out of the Pentagon budget and other national security programs. My guess is we will get the automatic cuts.
I remember the days when a billion was a large number. I remember sitting in grade school being taught that the end of the numerical road stopped in the billions, because any number beyond that was irrelevant. Now, the current administration is throwing the number “trillion” like it’s yesterday’s holiday fruit cake.
Americans are rightly concerned about going over the fiscal cliff. But they got their eyes on the wrong cliff. The Little Cliff that is in the news is man-made, a mixture of spending cuts and tax hikes intended to be so onerous that Washington politicians would have to “do something” meaningful to reduce the national debt.
WASHINGTON - Acting in quick succession, the House and Senate approved budgets Thursday night drawn to President Barack Obama's specifications and pointing the way toward major legislation later this year on health care, energy and education.
The national media has orchestrated a fire storm of criticism at Sen. Jon Kyl and the other members of the congressional Supercommittee, charged with reducing our national debt by $1.2 trillion over the next 10 years. The members' partisanship and unwillingness to compromise cost us another chance to trim the deficit, or so the story line goes.
November 9, 2004
WASHINGTON - The federal government is heading toward a record $480 billion deficit in 2004 and will rack up red ink of almost $1.4 trillion over the next decade, according to the latest analysis by the Congressional Budget Office.
WASHINGTON — In a springtime show of unity, congressional Democrats welcomed President Barack Obama to the Capitol Wednesday and unveiled budget blueprints that embrace his key priorities and point the way for major legislation this year on health care, energy and education.
By failing to identify major cuts to the federal budget to the tune of $1.2 trillion, American Legion member George Cushing is concerned what the ineffectiveness of the congressional supercommittee could mean for national security and ensuring veterans receive benefits.
Cushing returned home this month from Washington D.C. after a meeting in the office of Sen. Jon Kyl, R-Ariz.
Eighty-two-thousand instead of 120,000 this week. One million Americans have given up even looking for non-existant jobs. Obama promised that his stimulus package would keep Unemployment down below 8 percent. The White House and the Democrats in the Senate and Congress said the stimulus would lower unemployment to 6 percent. Folks, we have an America in “free fall.” An America saddled with a $15 trillion Obama deficit. An America headed for the “poor house”, a third-world economy.
As Arizona celebrates the Pentagon’s decision to base three F-35 fighter squadrons at Luke Air Force Base, U.S. Sen. John McCain warned Thursday that potential defense spending cuts could cost thousands of jobs and $3 billion to the state’s economy.
I’ll shut off my air conditioning if the government goes first.
Gov. Jan Brewer said Tuesday she is glad the president and Congress finally crafted a deal on the spending cap and debt reduction.
WASHINGTON - How much it will cost to clear the debris, detoxify the water, house the homeless and rebuild New Orleans and the Gulf Coast after the Katrina catastrophe is still anyone’s guess, but it’s clear who’s going to pay for most of it: Future generations.
Put this in the category of "What else aren't they telling us?"
As an investor, you can sometimes still feel you’re at the mercy of forces beyond your control. This may be especially true today, when the Federal Reserve has warned of an approaching “fiscal cliff.” What can you do in the face of such a dire prediction?
WASHINGTON — Digging in for a long struggle, Republican senators and governors assailed the Democrats' newly minted health care legislation Thursday as a collection of tax increases, Medicare cuts and heavy new burdens for deficit-ridden states.
I’ll shut off my air conditioning if the government goes first.
This is hard to believe, but Obamacare is already turning out to be much worse than originally thought. The lies they used to sell this perverse transformation of our economy are collapsing right and left.
“It is a sad day in our country, when King Barack can decide on his own who can and cannot break the immigration laws of the United States. With his pandering skills he should be walking Van Buren. Is this why we have three branches of government? Anybody out of work should really embrace the king’s declaration.”
A developer of office and warehouse space is bullish about the future of the Falcon Field area in north Mesa.
WASHINGTON – Arizona could lose more than 9,800 health-care and other jobs next year if a 2 percent cut in Medicare takes effect Jan. 2 as part of the $1.2 trillion federal budget “sequestration,” a new report claims.
By Mark Scarp, contributing columnist
By Jerry Brown, contributing columnist
Guest Commentary by Bill Richardson
Guest Commentary by Shawn Thiele
By Mark Heller, Tribune
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