News from The Hill:By Peter Schroeder The White House has agreed to hold off on formally requesting a $1.2 trillion increase in the debt limit to give Congress time to vote on it. The Obama administration had said that the the Treasury Department could formally request the debt increase as soon as Friday. Officials say the federal debt is nearing the maximum permitted under the law. Read the story here. For all the latest news: Visit TheHill.com Follow @TheHill on Twitter Like The Hill on Facebook |
“Dayhoff Westminster Soundtrack:” Kevin Dayhoff – “Soundtrack Division of Old Silent Movies” - https://kevindayhoff.blogspot.com/ combined with “Dayhoff Westminster” – Writer, artist, fire and police chaplain. For art, writing and travel see https://kevindayhoffart.blogspot.com/ Authority Caroline Babylon, Treasurer
Friday, December 30, 2011
News from The Hill: White House delays $1.2T debt hike to allow votes in Congress
Wednesday, November 16, 2011
CEI and Freedom Action Propose $300 Billion in New Revenues to Break Super Committee Impasse
Christine Hall, (202) 331.2258
The $300 billion would be raised through a combination of sales of federal lands and other assets, expedited oil and gas production on federal lands and in federal offshore areas, returning the National Forest System to profitability by increasing timber sales, increasing coal leasing on federal lands, and auctioning broadband spectrum.
“We offer our suggestion of adding $300 billion in revenues without raising taxes in the hope that it can help break the impasse in the Super Committee,” said Myron Ebell, director of CEI’s Center for Energy and Environment and president of Freedom Action.
The federal government owns almost 30% of the land in the United States, most of which is controlled by the four federal land agencies and the Department of Defense. Many of these lands and other federal properties have high commercial potential. Selling some federal lands and buildings will put money in the federal treasury and put unproductive assets to use, thereby increasing local property taxes as well as corporate and personal income taxes.
Federal lands and offshore areas have huge oil and gas resources, most of which are closed to production. In addition, federal lands have enormous coal, timber, and mineral resources. Expedited oil and gas leasing and permitting will add federal revenues through lease auctions and royalty payments once production begins. National Forest timber sales can be increased from roughly two billion board feet per year to their historic, sustainable level of twelve billion board feet per year.
“Rather than gaining additional revenue through tax increases, which depress economic activity, unlocking federal assets will provide a huge boost to the American economy, far beyond the additional $300 billion in federal revenue,” Ebell continued. “Putting federal lands and resources to use will also lead to trillions of dollars of new economic activity and put millions of people to work in real jobs—that is, jobs that are not subsidized by taxpayers.
“When companies or families get into financial trouble, one of the first things they do is see if they have anything they aren’t using or don’t need that can be sold or put to use,” Ebell continued. “The federal government, which has colossal potential assets that are locked up, should be doing the same thing.”
The letter from CEI and Freedom Action to the Joint Select Committee on Deficit Reduction may be found at http://cei.org/supercommitteel
Friday, October 28, 2011
More corruption in O-Scamma-land
Sunday, October 23, 2011
News from The Hill: Liberal lawmakers highlight Defense fraud report to influence supercommittee cuts
News from The Hill:By John T. Bennett Liberal lawmakers will soon send the congressional deficit panel the details of a Pentagon report that shows defense firms over the last decade ripped off the military to the tune of $1.1 trillion, Democratic sources told The Hill. Pro-military lawmakers from both parties have warned the supercommittee to avoid Pentagon spending cuts beyond the $350 billion ordered by the August debt deal. But several Senate Democrats want the panel to keep in mind that dollars sent to the Pentagon are often lost to fraud and waste, even as some conservatives raise the possibility of retroactively exempting the Pentagon from the $600 billion cut that will be triggered if the supercommittee fails. Read the complete story here. For all the latest news: Visit TheHill.com Follow @TheHill on Twitter Like The Hill on Facebook |
Sunday, September 18, 2011
News from The Hill: Tensions flare between White House, Europe ahead of IMF, World Bank meetings
Tensions flare between White House, Europe ahead of IMF, World Bank meetings
News from The Hill:By Peter Schroeder Tensions between the Obama administration and Europe’s leaders will be high this week when Washington hosts the annual meeting of the International Monetary Fund (IMF) and World Bank. The debt crisis in Europe has spread to U.S. shores, causing gyrations to financial markets also unnerved by the near-failure of the administration and Congress to raise the debt ceiling. European leaders have struggled to get their hands around a debt crisis that started in Greece and has moved to European giants Italy and Spain. Worries about whether those countries can pay back their debts, and how this might affect banks on both sides of the Atlantic has contributed to a global economic slowdown. It is a slowdown that threatens a second term for President Obama, whose approval ratings have plummeted on his handling of the economy. Read the full story here. For all the latest news: Visit TheHill.com Follow @TheHill on Twitter Like The Hill on Facebook |
News from The Hill: Tensions flare between White House, Europe ahead of IMF, World Bank meetings
Sunday, August 07, 2011
This week in The Tentacle
This week in The Tentacle http://www.thetentacle.com/
Friday, August 5, 2011
Compromise Pleases FewA Recipe for Failure
Keeping Score
Thursday, August 4, 2011
Now The Deal’s Done, What’s Next?A New Path to School Construction
Wednesday, August 3, 2011
Avoiding DebtmageddonTuesday, August 2, 2011
“Dog Days” and Washington“…and the beat goes on”
Who’s Responsible?
Monday, August 1, 2011
While You Were Sleeping IIOn the Debt Ceiling
Friday, July 29, 2011
Anti-Muslim BigotryPriority One: Job Growth
Friday, July 29, 2011
Washington Post: News Alert: Senate tables Boehner bill
Monday, August 16, 2010
Frederick News-Post editorial: Politicians' tightrope
Frederick News-Post editorial: Politicians' tightrope
Originally published August 15, 2010
http://www.fredericknewspost.com/sections/opinion/display_editorial.htm?StoryID=108591
Any member of Congress is faced with a dilemma in this age of outrage against government spending.
On the one hand, to be seen as effective, to assure his or her constituency that he or she is doing something, money needs to flow back into the district from federal coffers.
Roads and bridges need to be built, interstates mended, businesses boosted, jobs created.
On the other hand, our lawmakers mustn't be seen to be too greedy; in fact, they must eschew government spending, take a stand against it. In extreme cases, they must reject it altogether.
It's a tightrope walk for most politicians, a delicate dance between conflicting poles.
[…]
We can see both sides of this equation, and it was pointed out rather sharply in reporter Meg Tully's Political Notes column on Friday.
Andrew Duck, a Democrat running in District 6, fired a salvo at U.S. Rep. Roscoe Bartlett after he saw
Duck pointed out that
20100815 FNPed Politicians tightrope
http://kevindayhoff.blogspot.com/2010/08/frederick-news-post-editorial.html
*****
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