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Tag Archives: budget
The “Doomsday Scenario”
When the President and Congress failed to reach a budget deal several months ago, they created a “supercommittee” to get the job done. Hanging over that supercommittee’s head was what some had termed the “doomsday scenario,” a series of automatic … Continue reading
Posted in 90 Second Summaries
Tagged budget, cuts, debt, deficit, spending, supercommittee
15 Comments
Starving the Beast: Cut, Cap and Balance
The debt limit is a largely symbolic check on excessive borrowing which in the past has been frequently raised with little to no controversy. Such periodic increases are necessary to keep the government running and paying its bills, regardless of … Continue reading
90 Seconds for the People’s Budget – S02E11
Click here to receive Main Street Insider emails, including weekly delivery of new episodes of 90 Second Summaries. Congress returns to Washington, DC this week, and with it returns the debate over the FY2012 budget. Frustrated with the focus on … Continue reading
Posted in 90 Second Summaries
Tagged 90 Second Summaries, budget, debt, deficit, economy, Main Street Insider, People's Budget, spending, taxes
8 Comments
S02E06: H.J. Res. 44
This week’s summary takes a look at House Joint Resolution 44, the continuing resolution that funds the government through March 18th while Congress continues to negotiate the budget for FY2011. This budget fight is the hot topic in DC, seeing … Continue reading
S02E03: CAP Act
Austerity is all the rage inside the Beltway these days. Federal deficits are expected to be in the trillions for the next couple years, and Republicans are emboldened in their quest to neuter the federal government’s capacity to rein in … Continue reading
