Word: budgeter
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...Details from the Administration's budget proposal show that it still contains a $250 billion line item for TARP funds which is currently identified as a "placeholder." That does not sound like a lot to money people when compared with the $3.4 trillion budget, but that is only testament to the extent to which the public is inured to fantastic sums of government spending. The $250 billion is such a casual amount in the eyes of the budget's authors that the White House said "It is there just in case that money may be needed." (See pictures...
...while adding about $3 trillion in new tax cuts skewed toward the rich. It would replace almost all the stimulus - including tax cuts for workers as well as spending on schools, infrastructure and clean energy - with a capital gains-tax holiday for investors. Oh, and it would shrink the budget by replacing Medicare with vouchers, turning Medicaid into block grants, means-testing Social Security and freezing everything else except defense and veterans' spending for five years, putting programs for food safety, financial regulation, flu vaccines and every other sacred government cow on the potential chopping block...
...Ryan is one of the smart, young, telegenic policy wonks who have been hailed as the GOP's future, and his budget includes relatively few the-Lord-shall-provide accounting gimmicks by D.C. standards. He knows its potential cuts could sound nasty in a 30-second ad, but he wants Republicans to stop running away from limited-government principles. "We've got to stop being afraid of the politics," he says. "At this point, what have we got to lose...
...overspending, he's quitting the party - and he's the bull's-eye of its target audience. But he also said he wouldn't support any cuts in defense, Social Security, Medicare or Medicaid - which, along with debt payments, would put more than two-thirds of the budget off limits. It's no coincidence that many Republicans who voted against the stimulus have claimed credit for stimulus projects in their district - or that Louisiana Governor Bobby Jindal stopped ridiculing volcano-monitoring programs after a volcano erupted in Alaska. "We can't be the antigovernment party," Snowe says. "That...
...that spending-fueled deficits will cause inflation, reduce demand for U.S. Treasuries and shaft future generations. They don't seem so worried about an imminent depression, which would explode deficits in addition to the shorter-term pain, and their newfound fear of borrowing has not cooled their ardor for budget-busting tax cuts. "They talk about fiscal restraint, but they've got an atrocious record, and they've still got atrocious plans," says Robert Bixby, executive director of the nonpartisan Concord Coalition...