OMB Issues Report on Sequestration: “Deeply Destructive”

By: Friday September 14, 2012 2:15 pm

The Office of Management and Budget has released its Congressionally mandated report under the Sequestration Transparency Act, designed to explain how the Obama Administration would execute the sequester, the automatic cuts to defense and discretionary programs supposed to hit at the end of the year.

 

Large Coalition Fights Trigger Cuts to Discretionary Budget

By: Sunday July 15, 2012 8:35 am

In the first sign that the battle is being joined against the automatic trigger cuts on the discretionary and not just the defense side of the ledger, 3,000 organizations have banded together in a giant coalition to oppose the measures.

Murray Amendment to Request Study on Trigger Cuts Passes in Farm Bill

By: Friday June 22, 2012 6:44 am

The Senate did pass the farm bill yesterday, but included in the package was an amendment from Patty Murray that will force the executive branch to give more information on how they plan to handle the automatic cuts scheduled for the end of the year. And importantly, that directive does not just go to the Pentagon, but to the whole of government.

McConnell Defies House GOP, Votes for Discretionary Spending at Previous Target

By: Thursday April 19, 2012 1:53 pm

McConnell, strangely enough, is the Senate Minority Leader but also sits on the Appropriations Committee. I guess he doesn’t want to stop the gravy train.

States, Everyone in Them, Country Screwed By Debt Limit Deal, Fiscal Policy Path

By: Tuesday August 2, 2011 7:15 am

We’re starting to get the hard numbers on what the debt limit deal, which passed the House yesterday and will pass the Senate today, would mean for the US economy. It’s really not pretty.

A Few Thoughts on the Debt Limit Deal

By: Monday August 1, 2011 6:51 am

I guess I’ve been following this for so long that I knew where the deal on the debt limit was heading, so I may not be as dismayed as the rest of the progressive world today. This was my expectation for the past several weeks – an all-cuts deal that gives away the rhetorical game on the economy and deficits to boot. But let me step back and tell you why it falls on the low end of the intolerable for me – but only if a lot of things happen that are very unlikely.

CNN: Reid Working on His Own All-Cuts Debt Limit Proposal

By: Sunday July 24, 2011 4:00 pm

CNN has reported that Harry Reid is working on his own debt limit proposal that would cut deficits by $2.5 trillion total, include no revenue increases, and raise the debt limit by that same $2.5 trillion amount. Reid, Nancy Pelosi, the President and Vice President are scheduled to meet in the White House tonight starting at 6pm ET. Aides stressed that this would satisfy two key demands of the House GOP. It would have the dollar-for-dollar relationship between spending cuts and an increase in the debt limit; and it would not include revenue.

It sounds to me like the Democrats feel they need a counter-offer to what John Boehner will propose.

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