The Ryan budget has appeared as a chairman’s mark. It’s a long document written in Congress-ese, but I’ve already gone over some of the main points. Here are a couple other tidbits, including why the revenue and spending caps are implausible and the automatic mechanism that requires the President to “fix” to Social Security.
A Look at Paul Ryan’s Fantasy GOP House Budget |
| By: David Dayen Wednesday March 21, 2012 6:15 am |
Ryan Budget to Include Federal Workforce Cuts to Pay for Defense Trigger |
| By: David Dayen Friday March 16, 2012 5:09 pm |
Next week, Paul Ryan will introduce the Republican budget, which we already know will set a discretionary spending level roughly $20 billion below the spending cap negotiated in the debt limit deal. We also know that it will include the premium support program for Medicare that would end the guaranteed system in favor of a voucher to seniors to choose between a menu of private plans and traditional Medicare, necessarily weakening the bargaining power of Medicare, the best part of the US health care system in terms of cost control. Now we learn that the budget will also attempt to overrun the defense trigger, replacing the cuts to the defense budget with cuts from elsewhere, mostly to federal employees.
Romney: My Budget “Can’t Be Scored” |
| By: David Dayen Wednesday March 7, 2012 3:40 pm |
Mitt Romney’s CNBC interview revealed truths on more than just the Presidential role in gas prices. He also managed to make his entire economic plan completely irrelevant. Responding to analysis from the Tax Policy Center that his plans would add $3 trillion to the deficit over a decade, Romney casually mentioned that his plan isn’t scoreable, because he hasn’t defined what’s in it.
Republicans Want to Avoid Defense Trigger By Firing Other Federal Employees |
| By: David Dayen Friday February 3, 2012 5:05 pm |
Six Republican Senators unveiled their legislation yesterday to roll back the defense trigger from the debt limit deal, replacing the $600 billion in savings with other cuts. However, this is not a $600 billion deal; in fact, the Senators, led by John McCain, only delayed the first year of defense cuts at a cost of $109 billion. They achieved this through pay freezes and cuts to federal employees. Considering that members of the military are also federal employees, you’re basically sparing one set of federal employees for another.
New Pentagon Budget Reflects New American Way of War |
| By: David Dayen Thursday January 26, 2012 1:50 pm |
The Pentagon today announced its “lighter” budget, which should more accurately be referred to as its reorganization of the military. It’s hard to call this a smaller budget when you look at this fact sheet. The only reason the budget gets “smaller” is the end of the wars in Iraq and Afghanistan.
Pentagon’s “Austerity Budget” Ignores Second-Round Trigger Cuts |
| By: David Dayen Friday January 6, 2012 6:00 am |
The President made some brief remarks at the Pentagon during the introduction of the new “austerity” defense budget. He stressed that the US will still have the most powerful fighting force in the world, that even after the cuts the defense budget would grow over the next five years, and that the overall budget will still amount to as much as the next ten largest militaries combined. So it’s hard to make the turn, given all those facts, that this is a real sacrifice on the part of the military.
US Drones Keep Falling Out of the Sky |
| By: David Dayen Wednesday December 14, 2011 1:15 pm |
On the heels of the drone that landed inside Iran recently, now there’s a report of another drone crash-landing in the Seychelles Islands. This was a crash landing, rather than the apparently intact drone in Iran, which may have been taken over remotely.
OMB Trying to Stop Pentagon Slush Funds |
| By: David Dayen Thursday December 8, 2011 12:50 pm |
There are several ways in which the Defense Department’s extended whine about automatic sequestration cuts to their base budget is a joke, but the White House has apparently sniffed out one of those ways. The Overseas Contingency budget has quickly become a slush fund for the Pentagon. Many earmarked to go toward operations in Iraq and Afghanistan often ends up paying for cherished Pentagon programs. The White House wants to put a stop to this.
Obama Threatens Veto If Congress Undoes Trigger Cuts |
| By: David Dayen Tuesday November 22, 2011 9:15 am |
President Obama promised to veto any Congressional attempt to undo the trigger of spending cuts from the Super Committee’s failure. But he’s left unclear how Congress can be induced to renew unemployment benefits or other stimulus measures.
Super Committee Preparing Decent Burial |
| By: David Dayen Sunday November 20, 2011 4:00 pm |
I was on Mark Thompson’s show on Sirius XM radio on Friday, and I said at that time that there’s a better chance of Herman Cain knowing what he’s talking about on Libya than the Super Committee coming to a deal. And indeed, I will not be proven wrong. It’s clear that the Super Committee will go down to defeat as early as tomorrow, with an announcement that they could not reach agreement on a deficit reduction deal. In the end, there was no reason to reach a deal. There’s an election next year, and both sides want to use key elements to any deal in their pitch to voters; broadly speaking, Republicans want to be the party to protect your tax rates, and Democrats want to be the party to protect Medicare. Both those items were imperiled by a deal, so there could be no deal.
The gentle sobbing of Erskine Bowles and Alice Rivlin and Alan Simpson and Pete Domenici will be heard across the land.


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