Acton Institute Powerblog Archives

Post Tagged 'United States federal budget'

Explainer: What is President Obama’s Budget?

What is the President’s budget? Technically, it’s only a budget request—a proposal telling Congress how much money the President believes should be spent on the various Cabinet-level federal functions, like agriculture, defense, education, etc. Continue Reading...

The FAQs: The Fiscal Cliff Proposals

Now that we know what the fiscal cliff is all about, what are the plans for dealing with it? Below are the four approaches that have been proposed: The Democrats’ Plan Treasury Secretary Timothy Geithner offered the White House’s fiscal cliff proposal to Republicans in the last week of November. Continue Reading...

Why Soaking the Rich Won’t Fix the Deficit

In a recent ABC News/Washington Post poll on methods to avoid the “fiscal cliff”, sixty percent of Americans support raising taxes on incomes more than $250,000 a year (73 percent of Democrats, 63 percent of independents, and 39 percent of Republicans). Continue Reading...

Spartan Austerity and the Fiscal Cliff

Is spartan austerity driving us over the fiscal cliff?The latest step in the budget dance between House Republicans and the White House has to do with where tax increases (or revenue increases in general, depending on what is called what) fit with a deal to avoid the so-called “fiscal cliff.” As Napp Nazworth reports, President Obama has apparently delivered an ultimatum: “there would be no agreement to avert the ‘fiscal cliff’ unless tax rates are increased on those making more than $250,000 per year.” On one level it seems reasonable to talk about addressing a deficit from both directions: cutting spending and raising revenue. Continue Reading...

A Failure to Govern?

It seems that the supercommittee (the US Congress Joint Select Committee on Defict Reduction) has failed to agree on $1.5 trillion in cuts over the next decade. In lieu of this “failure,” automatic cuts of $1.2 trillion will kick in. Continue Reading...

Protect the Poor, Not Poverty Programs

My contribution to today’s Acton News & Commentary. Sign up for the free weekly Acton email newsletter here. Protect the Poor, Not Poverty Programs By John Couretas One of the disturbing aspects of the liberal/progressive faith campaign known as the Circle of Protection is that its organizers have such little regard – indeed are blind to — the innate freedom of the human person. Continue Reading...

The Real Both/And Budget Solution

I had the pleasure of appearing on Relevant Radio last Friday to talk to Sheila Liaugminas on her show, “A Closer Look.” I discussed the idea of “intergenerational justice,” a term favored by evangelicals (Roman Catholics tend to talk about “intergenerational solidarity”), and how that concept relates to much of today’s discussion about the federal budget. Continue Reading...

Achieving Real Budget Reform

John Boehner recently stated, in the debt-ceiling talks, that “We’re going to continue and renew our efforts for a smaller, less costly and more accountable government,” which most Americans agree with in principle.  Continue Reading...