The Washington Independent

Posts Tagged deficit spending

Selling Health Care Reform as a Deficit Reducer

By | 03.18.10 | 11:13 am

Different week, different sales pitch from Democratic leaders about why heath care reform is worth supporting. The Washington Post’s Paul Kane reports:

House Majority Leader Steny Hoyer (D-Md.) told reporters Thursday that the legislation is “the largest deficit-reduction bill that members will have a chance to vote on”

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Harvard’s Feldstein: More Stimulus Will Do ‘More Harm Than Good’

By | 03.04.10 | 10:07 am

Although a good number of (non-congressional) budget hawks are urging more federal spending to address the jobs crisis, not everyone is on board.

Martin Feldstein, the conservative Harvard economist and chief economic adviser to former President Ronald Reagan, said last night that, despite his support 16 More…

A Push to Put Reagan on the $50 Bill

By | 03.03.10 | 11:25 am

Rep. Patrick McHenry (R-N.C.) introduced legislation yesterday to replace the likeness of Ulysses S. Grant with that of Ronald Reagan on the $50 bill.

“Every generation needs its own heroes,” McHenry said in a statement launching his proposal. “President Reagan was a modern day statesman, whose presidency transformed More…

In Virginia, a GOP Stimulus Critic Calls for Stimulus Funds

By | 03.02.10 | 2:11 pm

Add Virginia Gov. Bob McDonnell (R) to the growing list of conservative state officials who are preaching fiscal restraint while also vying for federal stimulus dollars to address state budget problems. The Washington Post reports that McDonnell — who just last week told the More…

The Republicans’ Jobs Dilemma

By | 02.25.10 | 12:23 pm

Despite yesterday’s bipartisan Senate vote on a $15 billion jobs bill, Republicans on Capitol Hill have been pretty much united in their condemnation of additional deficit spending as a remedy to the nation’s entrenched jobs crisis.

“The time has come,” Rep. Spencer Bachus (R-Ala.) said this week, “to More…

GOP: Creating a New Health Entitlement in 2003 Has Nothing to Do With Creating a New Health Entitlement in 2010

By | 02.24.10 | 11:42 am

The Republicans blasting the Democrats’ health reform proposal as an unaffordable new entitlement are continually running smack into the tiny inconvenience that, just seven years ago, GOP leaders enacted the Medicare prescription drug benefit — a new federal program projected to cost taxpayers $550 billion dollars through 2016 alone. And More…

The Libertarian Party vs. CPAC

By | 02.19.10 | 11:26 am

As the CPAC conference chugs on in Washington, Wes Benedict, executive director of the Libertarian Party, issued this statement reminding the world that the GOP has no moral claim to small government or fiscal responsibility.

It’s interesting that conservatives only notice “big government” when it’s something their

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A Rocky Start to the New Era of Bipartisanship, Part II

By | 02.05.10 | 12:25 pm

The story is a bit surreal, but goes something like this:

1) Republicans claim to hate government spending.

2) President Obama withholds some funding original earmarked for defense projects in Alabama.

3) In protest, Sen. Richard Shelby (R-Ala.) puts a “blanket hold” on all More…

Rewriting History on That Deficit Task Force

By | 02.02.10 | 3:27 pm

Here’s how history gets rewritten: Last week, the Senate killed legislation to create a bipartisan panel designed to tackle the country’s skyrocketing debt. President Obama endorsed it — as did many conservative Republicans — but it failed after six GOP co-sponsors and Senate Minority More…

Gregg: TARP Is No Slush Fund

By | 02.02.10 | 2:14 pm

The trouble facing Democrats hoping to use repaid bailout money to fund other things is this: The Troubled Asset Relief Program stipulates that all such funds be used to pay down the nation’s staggering debt.

That little inconvenience hasn’t dissuaded the Obama administration from proposing a More…