Word: deficits
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Dates: during 2000-2009
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Booker staunchly defends the salaries. "I stand by any personnel decision I've made," he says. He points to a reduction of Newark's budget deficit, from $180 million to $73 million, according to the city, as a healthy return on his talent investments. A more professional and efficient city hall has helped Newark collect an extra $10 million in property taxes this year in spite of the foreclosure crisis. Further, Booker has proposed a 2% pay cut for all non-police and non-firefighter employees making more than $100,000 and is pushing for mandatory furloughs...
...July 20, Governor Arnold Schwarzenegger and California legislative leaders reached a tentative budget agreement to plug the state's deficit, but it would involve making sweeping cuts in education and health services as well as taking billions from county governments. Democratic state assemblyman Tom Ammiano has introduced legislation that would let California regulate and tax the sale of marijuana. The state's proposed $50-per-oz. pot tax would bring in about $1.3 billion a year in additional revenue. Ammiano's bill was shelved this session, but he expects to introduce a revised bill early next year. (See TIME...
...Field Poll conducted in California this spring showed that 56% of the state's registered voters support legalizing and taxing marijuana as a way of offsetting some of the budget deficit. Several national polls have shown that more than 45% of American adults are open to legalizing pot, about double the support a decade...
...Commerce Committee have threatened to block health-care legislation unless it puts a lid on costs. Resistance strengthened after the head of the nonpartisan Congressional Budget Office testified that the current House proposal would push costs up, not down, and would add some $240 billion to the federal deficit by 2019. That, in turn, has some Senators pushing back against the White House's early-August goal for passing health-care reform. With dissent spreading through his team's locker room, coach Obama was forced into pep-talk mode. "Now is not the time to slow down," he urged...
...Moore, a former prosecutor with a tinge of Hal Holbrook's hangdog air, such speeches are painful. As he explains, he has been a deficit hawk since joining Congress in 1998. Moore and his fellow Blue Dogs tried to win the Bush Administration's support for a budget-balancing proposal they called pay-as-you-go. "President Bush and the Republicans in Congress refused to support us," Moore says. "And in eight years of the Bush Administration, our debt went up $5 trillion...