Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts

Thursday, February 17, 2011

While GOP Deflates Government Budget, Consumer Costs Rise

While GOP Deflates Government Budget, Consumer Costs Rise

It’s no wonder so many Americans are against GOP-proposed budget cuts; at the same time that policymakers are slashing funds for consumer services, both the cost of living and the national unemployment rate continue to rise. In January, the cost of food, energy, clothing and travel rose dramatically with more increases expected this Spring.  Likewise,  the more than 9 percent national unemployment rate is expected to remain steady for the rest of the year. Nonetheless, House Republicans continue to endorse budget cuts that ultimately hurt struggling Americans as the answer to our nation’s economic woes.

Highlighted Clip for Thursday, February 17, 2011:
"Consumer prices, unemployment claims rise"
Consumers paid more in January for everything from food and gasoline to airline tickets and clothing. The price increases reflect creeping but still-modest inflation. Another report showed that more people applied for unemployment benefits last week, one week after claims had fallen to the lowest level in nearly three years.

Monday, February 14, 2011

An Easy Target - House GOP Threatens to Cut Metro


An Easy Target - House GOP Threatens to Cut Metro

While we understand the daunting budget challenges facing our Congress as they tackle our growing national debt crisis, we are again baffled by House GOP proposed cuts to funding in the Disctrict of Columbia, and more specifically for the Metro budget. Washington D.C. is our nation's capitol, and has changed into an international city and tourist hotspot. Without Metro our city would fail to be meet the consmopolitan demands of such a city. Businesses would be hurt, as customers would no longer be able to access affordable transportation to their stores. The effects would be devastating to the city, especially to it's poorest residents. We hope that the Democratic-controlled Senate will not allow such budgetary cuts to be finalized in any budget that ultimately passes, without serious thought as to how those needed funds can be replaced. This city simply needs a functioning, affordable, public transportation system.


Highlighted Clip for Monday, February 14, 2011:
By Ben Pershing
House Republicans unveiled a spending resolution Friday night that would cut federal payments to the District by nearly $80 million and slash Metro funding by $150 million over the next eight months, as the GOP seeks to fulfill its campaign pledge to rein in government outlays.

Wednesday, February 9, 2011

Budget Cuts Target Children and the Poor

Budget Cuts Target Children and the Poor

During a time of high rates of poverty, health disparities and escalating gas prices, House Republicans have etched out a bill that will snatch billions of dollars in funding for food aid, public health, renewable energy and other key programs.  In an attempt to reduce spending by $100 billion this year, and with the firm support and incessant prodding of the Tea Party, Republicans plan to propose further reductions to the federal budget.  Hardest hit—children and the poor.

Highlighted Clip for Wednesday, February 9, 2011:
Faced with a revolt on the right, House Republicans began sketching out more than $40 billion in specific spending cuts Wednesday but may be forced to double their bets with a further across-the-board reduction to appease tea party supporters.
"GOP cuts deep as right revolts"
By: David Rogers