Posts Tagged ‘spending’’

Medicare and Medicaid spending projection cut by $900 billion

Last week’s CBO report popped a big hole in the Austerians’ entitlement cuts balloon. The CBO cut its deficit projection for the next decade by $ 200 billion, with this year’s deficit shrinking to $ 642 billion, the smallest shortfall since 2008. A relatively huge chunk of that decrease—$ 900 billion—is in Medicare and Medicaid [...]

Hill aides: White House recalculates spending cuts

WASHINGTON (AP) — The White House budget office is recalculating how to apply automatic spending cuts for a handful of agencies, freeing up almost $ 4 billion for the Pentagon and another $ 1 billion or so for Homeland Security Department and NASA. Politics News Headlines – Yahoo! News Tweet This Post

Bankrupt Detroit Spending Millions on Consultants

“Detroit has agreed to spend nearly $ 14 million since December to contract nine firms to provide a range of financial and legal services to help the city overcome its staggering deficit and costly long-term liabilities.” the Detroit Free Press reports. Tweet This Post

Per-student pre-K spending lowest in decade

WASHINGTON (AP) — State funding for pre-kindergarten programs had its largest drop ever last year and states are now spending less per child than they did a decade ago, according to a report released Monday. Politics News Headlines – Yahoo! News Tweet This Post

American Voices: Global Military Spending Declines

Overall spending on militaries worldwide fell to $ 1.75 trillion in 2012, down 0.5 percent from the previous year and marking the first recorded drop in global military spending since 1998. The Onion Tweet This Post

Democrats Risk Alienating Young Voters by Opposing Cuts in Entitlement Spending

My National Journal colleague Ron Brownstein wrote a column for last week’s magazine that I thought was the most important piece of the week. In it, he argues that “large portions of the Democratic base still don’t understand the political and economic dynamics of the party’s changing electoral coalition.” Brownstein is absolutely right. Politics News [...]