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Spending Cuts

Gov. Rauer's Illinois spending cuts plan: "admirable" or stressful?

Matthew Dietrich | Posted 05.06.2015 | Chicago
Matthew Dietrich

Gov. Bruce Rauner's proposed budget cuts for Illinois have a lot of people up in arms. But David From, director of the Illinois chapter of Americans F...

6 Spending Cuts Proposed for Illinois by Gov. Bruce Rauner

Reboot Illinois | Posted 04.21.2015 | Chicago
Reboot Illinois

Illinois Gov. Bruce Rauner delivered his first budget address to the General Assembly Feb . 18, outlining his plans for getting the state's finances back on track.

Illinois Educational Funding -- Expect Deep Cuts

Dr. Robert L. Breuder | Posted 03.31.2015 | College
Dr. Robert L. Breuder

Within 24 hours of Governor Bruce Rauner taking office, numerous media outlets reported on his immediate steps to rectify Illinois' dire financial situation.

GOP Lawmakers Balk When Spending Cuts Get Real

AP | By ANDREW TAYLOR | Posted 06.08.2014 | Politics

WASHINGTON (AP) — When House Republicans pass Rep. Paul Ryan's budget for a fourth year in a row this week, they'll go on record again in favor of b...

The Pentagon's Phony Budget War

Mattea Kramer | Posted 05.06.2014 | Politics
Mattea Kramer

Despite cries of doom since the across-the-board cuts known as sequestration surfaced in Washington in 2011, the Pentagon has seen few actual reductions, and there is no indication that will change any time soon.

Why Efforts To Cut Spending Fail

AP | ANDREW TAYLOR and CHARLES BABINGTON | Posted 03.03.2014 | Politics

WASHINGTON (AP) — The budget gurus in Congress have failed for years to find a grand bargain to reduce the government's long-term debt, so this year...

Our Taxpayer Dollars: Going to Waste and Wealthy Corporations

Jaimie Woo | Posted 04.08.2014 | Politics
Jaimie Woo

Let's help our budget crises by continuing billion-dollar handouts to huge, profitable agribusinesses. Apparently, that's what Congress thinks.

Defense Spending Cuts Force Hard Strategic Choices

Reuters | Posted 04.07.2014 | Politics

By David Alexander WASHINGTON, Feb 5 (Reuters) - Big budget cuts over the next decade will force the Pentagon to make painful cuts to ...

7 Reasons Why You're Not Hearing So Much About the Budget Deficit These Days

Jared Bernstein | Posted 04.02.2014 | Politics
Jared Bernstein

The deficit hawks' prophecies of near-term doom have not materialized.

Governor's Budget Projections Mean Huge Cuts for Kids

Emily J. Miller | Posted 03.11.2014 | Chicago
Emily J. Miller

While Illinoisians rang in the New Year with family and friends, a little-noticed new forecast released by the Governor's Office of Management and Budget (GOMB) on the first of the year leaves no room for celebration.

A Few Final Thoughts on the Budget Deal

Jared Bernstein | Posted 02.19.2014 | Politics
Jared Bernstein

It's not over -- they still have to appropriate their new top-line spending numbers down to all the agencies -- but it looks like the budget deal that quite handily cleared both chambers will soon be enacted. But I've got a few lingering thoughts

Automatic Cuts Would Bite More In 2014

AP | By ANDREW TAYLOR | Posted 01.23.2014 | Politics

WASHINGTON (AP) — It's not just longstanding battles over taxes and curbing mandatory spending that are obstacles to a year-end pact on the budget. ...

How Republicans Have Trashed The Economy, In 1 Chart

The Huffington Post | Mark Gongloff | Posted 11.04.2013 | Business

The next time a Republican tells you government spending is out of control, the chart below is all you need to prove otherwise. The Financial Times...

Lew Calls For Replacing Sequester With Other Spending Cuts

Reuters | Posted 10.24.2013 | Politics

WASHINGTON, Oct 24 (Reuters) - U.S. Treasury Secretary Jack Lew on Thursday said it was "crucial" to close wasteful loopholes in the...

Ryan Cuts Face Republican Backlash

AP | ANDREW TAYLOR | Posted 08.12.2013 | Politics

WASHINGTON -- Midway between the 2012 and 2014 election campaigns, moderate Republican conservatives are beginning to foment a revolt of their own &nd...

The huge drone that could not be grounded

The Center for Public Integrity | Posted 09.17.2013 | Politics
The Center for Public Integrity

By Richard H.P. Sia and Alexander Cohen July 16, 2013 This story was originally published by The Center for Public Integrity,...

Sam Stein

Life Under Sequestration Creates Nightmare Scenarios For Head Start Moms | Sam Stein | Posted 07.15.2013 | Politics

WASHINGTON -- Rhonda Reynolds was paying bills in downtown Pratt, Kan., on a hot and sunny mid-June afternoon when the second call came from her daugh...

Is This a Realistic Time for a 'Grand Bargain?'

Jared Bernstein | Posted 08.17.2013 | Politics
Jared Bernstein

As the fiscal picture has improved, both through actions we've taken already and the improving economy, it's much tougher to make the hair-on-fire urgency case that drove this benighted debate in recent years.

Jeff Flake: Fellow Lawmakers Relieved By Sequestration

The Huffington Post | Elise Foley | Posted 06.12.2013 | Politics

Sen. Jeff Flake (R-Ariz.) said on Wednesday that some of his fellow lawmakers are glad sequestration allowed for spending cuts and that government age...

Just Who's Delusional Around Here?

Jared Bernstein | Posted 08.10.2013 | DC
Jared Bernstein

If the Washington Post wants to restore some credibility on this issue, they need to get real about the economic vulnerability of most retirees and start emphasize raising the "tax-max" -- the salary cutoff for payroll taxes -- as part of the fix here.

Guess Who Benefits From Most Major Tax Breaks

AP | ANDREW TAYLOR | Posted 07.29.2013 | Politics

WASHINGTON -- Wealthier households benefit significantly more than lower earners from big tax breaks such as deductions for mortgage interest and char...

How America Became a Third World Country

Mattea Kramer | Posted 07.21.2013 | Politics
Mattea Kramer

It's 2023 -- and this is America 10 years after the first across-the-board federal budget cuts known as sequestration went into effect.

Veterans Medical Care Bill Passes Hurdle

AP | ANDREW TAYLOR | Posted 07.15.2013 | Politics

WASHINGTON — With no broader budget deal in sight, a key House panel responsible for implementing sweeping cuts to agency budgets moved Wednesda...

Vital Program Likely To Experience Cuts

AP | MARY CLARE JALONICK | Posted 07.08.2013 | Politics

WASHINGTON -- The government's food stamp program, which helps feed 1 in every 7 America, was one of the few programs exempted from this year's automa...

On Sequester, Republicans Finally Cross the Line from Obstructionism Into Insanity

Sanjay Sanghoee | Posted 06.29.2013 | Politics
Sanjay Sanghoee

The sequester is going to be painful but the pain that we will suffer from the type of severe spending cuts that Republicans want will be much worse, and the long-term damage to our economy extreme.