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Spending

Time to Get Real About Our State's Budget

Rep. Jack Franks | Posted 05.25.2011 | Chicago
Rep. Jack Franks

Those who see an income tax increase as the only solution do not understand the problem. With one out of eight Illinoisans out of work, a tax increase would only serve to lead us further down the wrong path.

Obama: VAT May Be A Revenue Option, Spending Cuts First

AP | By CHARLES BABINGTON | Posted 05.25.2011 | Business

WASHINGTON (AP)-- President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openn...

RNC, DNC Monthly Reports Detail Lavish Spending

Washington Post | R. Jeffrey Smith | Posted 05.25.2011 | Politics

Both the national Democratic and Republican party committees spend about two-thirds of the money they take in on the care and comfort of committee sta...

DynCorp Audit Finds Poor Controls On Millions Of Dollars In Afghan Police Program

The Huffington Post Investigative Fund | Christine Spolar | Posted 05.25.2011 | Politics

The private contractor that trains the Afghan police force, a U.S. military program long criticized for wasting money, has failed to document millions...

Debt -- What Is it Good For? Absolutely Some Things

Robert S. McElvaine | Posted 05.25.2011 | Business
Robert S. McElvaine

Depending on the circumstances and reasons for incurring debt, it can be either wise or foolish. We need to distinguish good debt from bad debt.

Americans are Spending Less: U.S. Economic Recovery Is Expected to Slow Down

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Americans are pulling back on their spending, a trend that could slow the economic recovery if it continues. A sharp drop in retai...

Florida GOP Staffer, Melanie Phister, Had $1.3 Million In Credit Card Charges

St. Petersburg Times | Adam C. Smith | Posted 05.25.2011 | Politics

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Neil Alpert, Michael Steele RNC Aide, Misused $70,000 Of Baseball Groups'

Politics Daily | Annie Groer | Posted 05.25.2011 | Politics

Republican National Committee chairman Michael Steele -- who really can't afford another 'holy ----" story after a GOP staffer dropped $1,900 at a les...

Michael Steele On 'Good Morning America' Defends RNC Chairmanship

AP/Huffington Post | Posted 05.25.2011 | Politics

WASHINGTON -- Republican Party chairman Michael Steele defended his stewardship of party affairs Monday and dismissed criticism as the talk of GOP fig...

Ryan Grim On The RNC Strip Club Spending Spree (VIDEO)

Huff TV | Posted 05.25.2011 | Politics
Huff TV

Huffington Post congressional correspondent Ryan Grim appeared on MSNBC today to discuss the RNC's recent spending spree that included $9,000 of RNC c...

A Tale of Two Gushers: Oil and Spending

Ernest Istook | Posted 05.25.2011 | Politics
Ernest Istook

Failure to plan is a big part of the BP disaster, and a big part of DC's as well. The culpability of BP's management is minor compared to elected officials who won't control spending, but instead push the debt onto Generation X.

Tea Party Demographics: Poll Shows Those Who Scorn Socialism Want Government Jobs Push

Bloomberg | Posted 05.25.2011 | Politics

Tea Party activists, who are becoming a force in U.S. politics, want the federal government out of their lives except when it comes to creating jobs. ...

When a friend's gifts are over-the-top

Dr. Irene S. Levine | Posted 11.17.2011 | Healthy Living
Dr. Irene S. Levine

QUESTION Dear Irene, A friend of mine spends a lot of money on gifts even when it's not a special occasion. She is not wealthy and her husband recen...

We the People

Mark Olmsted | Posted 05.25.2011 | Politics
Mark Olmsted

The American paradox is that everyone wants small government and high services, low taxes, and a balanced budget. The genius of the Republicans is that they've convinced a huge swath of America that all of this is actually possible.

What You Can Do Right Now About The Debt

David D. Burstein | Posted 05.25.2011 | Business
David D. Burstein

Here's a little known fact, there is something you can do right now to decrease the national debt: you can make a tax deductible donation that goes directly to pay down the debt.

Conservatives Caused Huge Deficits, Blame Obama

Dave Johnson | Posted 05.25.2011 | Politics
Dave Johnson

Obama took office as president of a country with a $1.4 trillion deficit -- thanks to the failure of conservative policies. Their tax cuts, wars, military buildups, corruption and incompetence drove the borrowing way up.

Is An Inflated Defense Budget the Cause of Our Debt Problem?

Mark Axelrod | Posted 05.25.2011 | Politics
Mark Axelrod

As the infrastructure of the country decays, the military budget grows. From what is the American public being protected that we have to spend that much money on defense?

Top Deficit Hawk David Walker Says Job Creation Is Top Priority

Politico | LAWRENCE MISHEL & DAVID M. WALKER | Posted 05.25.2011 | Politics

resident Barack Obama is in a difficult position when it comes to deficits. Today's high deficits will have to go even higher to help address unemploy...

Poll: Liberals and Conservatives Strongly Disagree with "Citizens United" - Americans Want Limits on Corporate Cash in Elections

Michael Keegan | Posted 05.25.2011 | Politics
Michael Keegan

The Supreme Court decided in late January that giant corporations should be treated just like individual Americans when it comes to spending money in ...

Band-Aids, Bipartisanship and Baby-Steps: How Not to Deal With a Jobs Crisis

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Does anyone believe that we would be facing the same lack of urgency about the jobs crisis in Washington if it were the unemployment rate among the top 10 percent that was 31 percent?

Obama Weekly Address: Now Congress '

AP | DARLENE SUPERVILLE | Posted 05.25.2011 | Home

WASHINGTON — President Barack Obama said Saturday new budget rules that say spending cuts must accompany spending increases will force Congress ...

Debt Limit Increased: Senate Allows For Additional $1.9 Trillion In Borrowing

AP | ANDREW TAYLOR | Posted 05.25.2011 | Politics

WASHINGTON — The Senate voted Thursday to allow the government to go a whopping $1.9 trillion deeper in debt, offering a vivid election-year rem...

Senate Expected To Defeat Fiscal Commission Measure

thehill.com | Posted 05.25.2011 | Politics

The Senate is expected on Tuesday to reject an amendment creating a fiscal commission that would recommend deficit-cutting measures Congress would hav...

Campaign Finance Outrage: Democracy for the Highest Bidder

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

Corporations can now directly intervene in campaigns with candidate-specific ads. The only requirement remaining is that they not be coordinated with a campaign. But that's a requirement more of form than substance.

Spending Bill Has $4 Billion In Pork

ABC News | Posted 05.25.2011 | Politics

Just weeks before returning to their districts for Christmas, Congress is poised to give the gift of pork - roughly $4 billion of it. More than 5,000...