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- Money - Winning Compared to Spending in the Senate (OpenSecrets.org)
Provides a list of expenditures, winners, and losers for Senate seats. More than two-thirds of the heaviest spenders were the winners. Also provides a great deal more information about donations and elections. 12-03
- 01-03-04 Bush to Cut Domestic Spending (Bloomberg.com)
"President Bush's budget, which will be sent to Congress by Feb. 2, will include several tax cut proposals, including new measures to promote individual savings and tax credits to help uninsured people buy health insurance, the newspaper reported."
"The president's budget plan for the fiscal year starting Oct. 1 also includes measures to control the rising costs of housing vouchers for the poor, require veterans to may more for some medications and eliminate some job training programs, the Times said." 1-04
- 06-23-04 Spending Out of Control and Corporations Not Paying Fair Share (CNN News)
"At a time when the federal budget deficit has reached a staggering half trillion dollars and our national debt has surpassed $7 trillion, additional special interest spending is something that this country can ill afford." "Congress, Democrats and Republicans alike, should be doing more to prevent government contracts from going to companies that set up headquarters in offshore havens. More than half of the top 100 contractors doing business with the government also have subsidiaries in tax-haven countries. It is no wonder that corporations, which paid about 40 percent of U.S. tax revenues in 1943, now pay only about 7 percent of federal revenue." 6-04
- World Military Spending Tops $1 Trillion (USA Today)
"Global military spending in 2004 broke the $1 trillion barrier for the first time since the Cold War, boosted by the U.S. war against terror and the growing defense budgets of India and China, a European think tank said Tuesday."
"Led by the United States, which accounted for almost half of all military expenditure, the world spent $1.035 trillion on defense, equal to 2.6% of global gross domestic product, the Stockholm International Peace Research Institute said." 6-05
- Editorial: Oversight Needed for Federal Spending After Katrina (USA Today)
"The federal government's track record on spending after disasters is a disaster in itself."
"The Department of Homeland Security's inspector general reported in May that $31 million poured into Miami after Hurricane Frances last year, even though that storm passed well to the north. "
"This woeful record argues for the immediate creation of centralized oversight body headed by a reconstruction czar of national stature. This body would decide which tasks are so critical they merit no-bid contracts and which can wait for a more cost-effective and transparent process. It would also have to begin addressing some thorny issues — such as levee improvements, whether the government should help rebuild uninsured facilities, the role of private insurers, and whether parts of New Orleans should be rebuilt at all." 9-05
- -02-17-06 War Spending Nears Half-Trillion Dollars (ABC News)
"In a single year, it is difficult to measure overall progress in the war on terror. But ABC News has learned today that President Bush will ask Congress for an additional $65.3 billion for operations in Iraq and Afghanistan. It brings the total funds requested this year to more than $110 billion for those operations." 02-06
- Spending Less on Gasoline (ABC News)
Suggests how to spend less on gas. 04-06
- -10-31-06 Military Increases Spending to Improve Public's Opinion About the War (CNN News)
"The Pentagon has begun a new "rapid response" operation to quickly respond to news media stories critical of Defense Secretary Donald Rumsfeld and the war in Iraq, as well as other stories the Defense Department leadership doesn't like." 10-06
- -05-01-07 Bush Vetoes Iraq Spending Bill (MSNBC News)
"President Bush used his veto pen for only the second time Tuesday after Congress sent him a war spending bill that would impose timelines to withdraw U.S. troops from Iraq, which he called a 'prescription for chaos.' "
" 'With one stroke of his pen, President Bush has stubbornly ignored the will of the American people, the majority of Congress and, most disturbingly, the realities on the ground in Iraq,' said Sen. Barack Obama, D-Ill." 05-07
- -06-26-08 Congress Passes Iraq War Spending Bill (MSNBC News)
"Congress on Thursday night approved a $162 billion spending bill for the wars in Iraq and Afghanistan."
"The bill, given final approval Thursday in the Senate on a 92-6 vote, also provides veterans a free college education and extends expiring unemployment benefits for another 13 weeks. It provides $2.7 billion in emergency flood relief in the Midwest." 06-08
- -06-30-08 Bush Signs War Spending Bill (Time.com)
"President Bush on Monday signed legislation to pay for the war operations in Iraq and Afghanistan for the rest of his presidency and beyond, hailing the $162 billion plan as a rare product of bipartisan cooperation." 06-08
- -09-27-08 Senators Pass Spending Bill (USA Today)
"Senators have passed a spending bill that aids Gulf Coast disaster victims and subsidizes federal loans for automakers. President Bush is expected to sign the measure despite some reservations." 09-08
- -02-25-09 15 Things You're Spending Too Much For (U.S. News)
"Here's a list of mostly not-so-obvious things you can eliminate from BillShrink.com, a money-saving tips site...." 02-09
- -02-26-09 Obama Plans Big Shift in Spending (New York Times)
"President Obama’s new budget blueprint estimates a stunning deficit of $1.75 trillion for the current fiscal year, which began five months ago, then lays out a wrenching change of course as he seeks to finance his own priorities while stanching the flow of red ink."
"By redirecting enormous streams of deficit spending toward programs like health care, education and energy, and paying for some of it through taxes on the rich, pollution surcharges, and cuts in such inviolable programs as farm subsidies, the $3.55 trillion spending plan Mr. Obama is undertaking signals a radical change of course that Congress has yet to endorse." 02-09
- -03-11-09 Obama Reluctantly Signs Spending Bill (Time.com)
"Acknowledging it's an 'imperfect' bill, President Barack Obama said he will accept a $410 billion spending package but insisted it must signal an 'end to the old way of doing business.' "
"The massive measure funding federal agencies through the fall contains nearly 8,000 pet projects, known as 'earmarks' and denounced by critics as pork." 03-09
- -04-16-09 Spending Billions While Avoiding Waste (U.S. News)
With the $787 billion from the stimulus package beginning to roll out of Washington's coffers, the money is arriving in places like Columbus, Ohio, where it's covering the salaries of 25 police cadets, and Kansas, where it's funding the widening of U.S. 69 outside of Kansas City. But even as economists debate whether the cash injection will kick-start the economy, there's plenty of concern about how much will actually get to its intended destination."
"Watchdog groups say that while it's still early, the White House's commitment to openness and minimizing waste, including launching the Recovery.gov website, is heartening. They applaud the appointment of Earl Devaney to head a new stimulus oversight board. While inspector general of the Interior Department, Devaney directed the investigation that led to lobbyist Jack Abramoff's imprisonment." 04-09
- 05-03-09 Warning: Stimulus Spending Lacks Sufficient Oversight (ABC News)
"The GAO study asserts that officials from most of the states surveyed 'expressed concerns regarding the lack of Recovery Act funding provided for accountability and oversight. Due to fiscal constraints, many states reported significant declines in the number of oversight staff -- limiting their ability to ensure proper implementation and management of Recovery Act funds.' " 04-09
- -001 Editorial: Supreme Court Backs More Corporate Political Spending (Politico.com)
"The Supreme Court on Thursday opened wide new avenues for big-moneyed interests to pour money into politics in a decision that could have a major influence on the 2010 midterm elections and President Barack Obama’s 2012 reelection campaign."
"The long-awaited 5-4 decision overruled all or parts of two prior rulings by the court that allowed governments to restrict corporations and unions from spending their general funds on ads expressly urging a candidate’s election or defeat." 01-10
- -Editorial: Supreme Court Backs More Corporate Political Spending (MSNBC News)
"In a landmark ruling, the U.S. Supreme Court on Thursday struck down laws that banned corporations from using their own money to support or oppose candidates for public office."
"By 5-4 vote, the court overturned federal laws, in effect for decades, that prevented corporations from using their profits to buy political campaign ads. The decision, which almost certainly will also allow labor unions to participate more freely in campaigns, threatens similar limits imposed by 24 states." 01-10
- Budgeting: The Year of Spending Stingily (MSNBC News)
"Judith Levine decided one frantic Christmas to stop buying anything but necessities for an entire year. It turned out to be harder than it sounds." 03-06
- 07-10-03 Cost of War in Iraq $4 Billion Per Month (MSNBC - Weisman)
"The Pentagon is spending nearly $4 billion a month in Iraq, a “burn rate” that is likely to continue far longer than the Bush administration intended due to ongoing attacks on U.S. forces, according to private and government cost projections."
Funds for this continued involvement, however, have not been set aside in the budget. "The House this week approved a $369 billion defense spending bill that includes no money for military operations in Iraq, a move that 'is very hard to understand or explain,' said Thomas Kahn, the Democratic staff director of the House Budget Committee." 7-03
- Essay - Why We Pay Taxes (AlterNet.org - Ivins)
"Not only should feeding the people and getting health care to the people be more important than a nuclear program, it should even be more important than tax cuts for the obscenely wealthy. The United States now spends $400 billion a year on the military – that's 50.1 percent of all discretionary spending (non-discretionary includes Social Security, Medicare and Medicaid)."
"The reason people hate paying taxes is because they know the system isn't fair." 7-03
- 07-24-03 U.S. House Moves to Reduce Media Monopoly (BBC News)
"The House of Representatives has overwhelmingly approved a spending bill that would block the Federal Communications Committee (FCC) from raising the limit on television ownership by a single broadcaster." 7-03
- 09-28-03 How Much Is $87 Billion for Iraq? (PBS NOW - Brancacchio)
The Bush administration has asked Congress for an additional $87 billion dollars for Iraq and Afghanistan this year. "Even by federal government standards the supplemental budget request is a lot of money, eighty-seven billion dollars. The word supplemental means just that…money on top of the 79 billion dollars already earmarked for Iraq and Afghanistan. Typically, federal budget figures are priced over ten years. Not this one. The eight-seven billion extra is for this year and odds are the administration will have to ask for more in 2004."
"The sheer size of the supplemental request for Iraq is prompting many of us to take a moment to reflect on what each of us might have done with a chunk of change like that. You know, if history had been different. Had the sanctions worked, had the inspectors stayed, had the U.S. had built a coalition that would have shared the costs of occupation as well the invasion."
"It could be used to fix up America's infrastructure. Right now the city of Atlanta is fighting to get federal money for a big overhaul of its sewers. The President's request would spend nearly 10 times more for sewers and drinking water projects in Iraq than in the U.S. That's calculated per capita of population, but you get the point."
"...But unlike a lottery, which is supposed to have the money on hand to pay its winners, there is no 87 billion dollars lying around in the U.S. treasury ripe for the spending."
"So we'll borrow and those who lend will charge us interest which will rack up impressively over the decades it will take to pay it back. Think of it like a house. An $87 billion house with a mortgage. Payments just half-a-billion dollars a month, every month for the next 30 years." 9-03
- 10-09-03 House Panel Approves $87 Billion for Iraq (Bloomberg)
"The House Appropriations Committee approved spending $86.9 billion for U.S. operations in Iraq and Afghanistan, heeding President George W. Bush's pleas to provide the money without demanding repayment from Iraq." 10-03
- 10-20-03 Largest Federal Deficit in History (USAToday.com)
"The federal budget deficit topped $374 billion in 2003, the White House said Monday. It was the largest dollar amount on record, driven up by the slow economy, spending on the Iraq war and major tax cuts." 10-03
- 11-03-03 Congress Approves $87.5 Billion (Bloomberg.com)
"The U.S. Senate approved an $87.5 billion measure that funds operations in Iraq and Afghanistan, sending the largest mid-year spending bill in history to President George W. Bush for his signature." 10-03
- 01-24-04 Resistance Building to Huge Budget Deficit (Christian Science Monitor)
"Even before President Bush's next budget hits Capitol Hill, lawmakers even in his own party are mounting barricades against what many see as a spending binge that's settling into a habit." 1-04
- Issue - Balancing the Federal Deficit by Kerry (JohnKerry.com)
"John Kerry believes that we need a smaller and smarter government that wastes less money. He has put forward a sensible plan that will at least cut the deficit in half in his first term, while investing in economic growth and investing in workers. To restore fiscal discipline and strengthen our economy, Kerry will repeal Bush’s special tax breaks for Americans who make more than $200,000. He will cut excesses in government and reign in out of control spending. And he will implement the McCain-Kerry commission on corporate welfare to undermine the special interest groups that make it hard to cut tax loopholes and pork barrel spending projects." 1-04
- 02-12-04 Same-Sex Marriage Debate Heats Up (CNN News)
"Massachusetts lawmakers were spending a second day Thursday trying to hammer out a compromise on whether the state will recognize same-sex marriages, and which rights it will allow such couples." 2-04
- Military Budget in the United States (National Priorities Project)
"Military spending consumes 26 cents out of every individual income tax dollar. It makes up about 20% of total federal spending and over half of the discretionary budget."
"The United States is the world's biggest military spender, accounting for over 40% of world military spending, and amounting to more than 30 times what the 'rogue' countries spend (Cuba, Iran, Libya, North Korea, Sudan, Syria). The Pentagon pays for more helicopters, airplanes and warships than all of these countries combined, and the capabilities of U.S. weaponry are unrivaled in the world." 2-04
- Greenspan: Reduce Social Security Benefits (CNN News)
"Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to deal with the country's escalating budget deficit by cutting benefits for future Social Security retirees rather than raising taxes."
"In testimony before the House Budget Committee, Greenspan said the current deficit situation, with a projected record red ink of $521 billion this year, will worsen dramatically once the baby boom generation starts becoming eligible for Social Security benefits in just four years."
"In his prepared testimony, Greenspan said pushing taxes up enough to meet future spending promises under Social Security and Medicare might pose a risk to the overall economy."
" 'We are going to be confronted ... in a few years with an upward ratcheting of long-term interest rates which will be very debilitating for long-term growth,' Greenspan told the committee if the deficit problem is not addressed." 2-04
- 02-27-04 Budget Deficit to Balloon (USA Today)
"President Bush's budget would produce deficits totaling $2.75 trillion over the next decade, the Congressional Budget Office projected Friday in the first authoritative look at the plan's longer-range implications."
"One major item omitted by Bush's budget but included in Friday's projections was the cost of his proposal to make tax cuts permanent that otherwise would expire in 2010. Bush's tax plans would add more than $1.3 trillion to deficits over the decade, although his plans to curb domestic spending would save $700 billion over that same period, the budget office said."
"Wary of the impact on deficits, Republican congressional leaders already have said they will not move this year on Bush's proposal to extend the tax cuts, which is the pillar of his plan for strengthening the economy." 2-04
- 03-06-04 Tax Rebates Boost Employment Overseas, Not USA (Washington Times)
"The job market slumped back into stagnation last month with the unemployment rate stuck at 5.6 percent and only 21,000 jobs created, a development that spells trouble for President Bush's re-election effort. "
"The president sought to jump-start a job recovery with $350 billion in tax cuts last year but the response has been only weak and dwindling job gains."
" 'The tax cut gave a big increase to spending, but when folks go to Wal-Mart, they buy imported goods so the job growth goes to China' and other countries, he [Morici] said." 3-04
- 05-20-04 Elections Costs May Surpass $3 Billion in 2004 (Bloomberg.com)
"The contest between President George W. Bush and Democratic Senator John Kerry may help push spending for presidential and congressional election campaigns to a record $3 billion this year." 5-04
- Meteoric Rise of Keynote Speaker (MSNBC News)
"Barack Obama says he'll use his convention speech to counter Republican accusations that the Democratic Party stands for big government and big spending." 7-04
- -09-02-04 Republican National Convention - Bush to Speak (CNN News)
"President Bush set out immediately to remind the Republican faithful of his purpose in delivering the final address of his party's national convention."
"Bush said his plans for a second term cover changes relating to taxes, education, economic development and Social Security."
" 'To create jobs, my plan will encourage investment and expansion by restraining federal spending, reducing regulation, and making tax relief permanent," Bush said. 'To stand with workers in poor communities and those that have lost manufacturing, textile, and other jobs we will create American opportunity zones. In these areas, we'll provide tax relief and other incentives to attract new business, and improve housing and job training to bring hope and work throughout all of America.' " 8-04
- -10-14-04 Bush vs. Kerry (Third Debate) - Analysis (ABC News)
Discusses the third debate between the candidates for president. "Sen. John Kerry gained ground in the race for the White House in the trio of campaign debates, a top official in President Bush's campaign conceded Thursday, but insisted that any advantage would prove fleeting."
"For undecided voters, Wednesday night's debate was a chance to comparison-shop. Kerry cast himself as champion of the little guy and Bush the guardian of the wealthy, branding the president as reckless with the federal budget and the use of American force. Bush labeled Kerry a do-nothing liberal senator with questionable credibility and an insatiable appetite for taxes. A question about federal spending and deficits yielded one of their sharpest exchanges." 10-04
- Department of Homeland Security Appropriations Act of 2005 (Department of Homeland Security)
"October 18, 2004, President George W. Bush signed the FY 2005 Homeland Security Appropriations Act, which provides $28.9 billion in net discretionary spending for the Department of Homeland Security (DHS). This is $1.8 billion more than the FY 2004 enacted level – reflecting a 6.6% increase in funding for the Department over the previous year. Including Project BioShield, mandatory and fee-funded programs, a total of $40.7 billion will be available to the Department in FY 2005." 10-04
- Half the World's Children Suffering (Guardian Unlimited)
"More than half the world's children are suffering extreme effects of poverty, war and HIV/Aids, denying them a healthy and safe childhood, according to a report published today."
"The report said the world had the capacity to reduce poverty, conflict and HIV/Aids and improve the plight of the world's children. It said Millennium Development Goals, which aim to improve the world through human development by 2015 and were agreed to by the UN's 191 member states in 2000, could be achieved at an annual cost of $40bn (£20.8bn) - $70bn (£36.4bn). World spending on military last year was $956bn (£497.4bn)." 12-04
- UN: Greatest Catastrophe in World's History (Guardian Unlimited)
"The HIV/Aids pandemic is the worst catastrophe in history and is blighting childhood across the developing world, especially sub-Saharan Africa, the United Nations said yesterday. Advances in children's survival, health and education are being reversed by a "triple whammy" of Aids, conflict and poverty, according to the UN children's agency, Unicef. The disease is driving the destruction of basic services for 1bn children and violating their right to grow and develop, said Carol Bellamy, the organisation's executive director. "We believe Aids is the worst catastrophe ever to hit the world," she told the Guardian. "It is just ripping up systems, be it health or education. Our children's childhood is being robbed from them." " "The report said the world had the capacity to reduce poverty, conflict and HIV/Aids and improve the plight of the world's children. It said Millennium Development Goals, which aim to improve the world through human development by 2015 and were agreed to by the UN's 191 member states in 2000, could be achieved at an annual cost of $40bn (£20.8bn) - $70bn (£36.4bn). World spending on military last year was $956bn (£497.4bn)." 12-04
- Editorial: Deficit Increasing Because of Democrats and Republicans (MSNBC News - Scarborough)
"With big-spending Democrats at their side, President George Bush and his 'conservative' Republican Congress have controlled the government’s checkbook while the national debt has skyrocketed past seven trillion dollars." 1-05
- -02-06-05 Bush 2006 Budget Includes Deep Cuts (ABC News)
"President Bush's budget will propose slashing grants to local law enforcement agencies and cutting spending for environmental protection, American Indian schools and home-heating aid for the poor, The Associated Press learned Saturday."
"According to figures obtained by the AP, Bush would slice a $600 million grant program for local police agencies to $60 million next year. Grants to local firefighters, for which Congress provided $715 million this year, would fall to $500 million."
"The Coast Guard now part of the Homeland Security Department will get $8.1 billion, $600 million over this year. Included will be a healthy increase for its plans to buy more oceangoing vessels, a boon to the new chairman of the Senate Appropriations Committee, Sen. Thad Cochran, R-Miss., in whose state many of the ships are built."
"Community health centers would grow to over $2 billion, an increase of $304 million, or almost 18 percent, over this year. Bush said he wants to every poor county to have one of the centers, which are used heavily by the poor." 1-05
- Bush 2006 Budget Cuts Education and Programs for the Poor (CNN News)
"About one-third of the programs subject to elimination are in the Education Department, including federal grant programs for local schools in such areas as vocational education, anti-drug efforts and Even Start, a $225 million literacy program."
"In all, the president proposed $137 billion less over the next 10 years than previously forecast for mandatory programs with much of that occurring in reductions in Medicaid, the big federal-state program that provides health care for the poor, and in payments the Veterans Administration makes for health care."
"Many of the spending cuts in the plan are repeats of efforts the administration has proposed and Congress has rejected previously."
"Democrats complained that Bush was resorting to draconian cuts that would hurt the needy in order to protect his first term tax cuts that primarily benefited the wealthy." 1-05
- -02-12-05 Corporations May Stop Some Budget Cuts (ABC News)
"One of the 58 proposed cuts that survived — the Advanced Technology Program — serves as an example of how difficult it is to cut government spending."
"Since its birth in 1990, ATP has provided billions to the private sector for research and development. Almost half of that funding has been directed to Fortune 500 companies like General Motors and IBM."
" 'The Advanced Technology Program is the poster child for corporate welfare,' said Tom Schatz, president of the watchdog group Citizens Against Government Waste."
" 'Major corporations such as General Electric, who are very powerful lobbies here on their own, get millions and millions of dollars of taxpayers' money to support their research,' said Sen. John McCain, R-Ariz. 'It's mind-boggling that a major corporation would require taxpayers' dollars to do their job, which is to research products that they will sell and make a profit on.' " 2-05
- Pros and Cons of Bush Proposal (Wikipedia.org)
"Bush's proposal, according to its supporters, would compensate young future retirees for needed cuts in money spent on benefits in the future, and thus spare a "crisis" in Social Security, which would occur when it exhausts its "trust fund" surplus in 2042, according to the SSA or 2052, according to the CBO. Each worker's benefit would be the combination of a minimum guaranteed benefit and the return on the private account. The proponents' argument is that high returns and ownership of the private accounts would allow lower spending on the guaranteed benefit, but possibly without any net loss of income to beneficiaries. The savings to the government would come through a mechanism called a "clawback", where profits from private account investment would be taxed, or a benefit reduction meaning that individuals whose accounts underperformed the market would receive less than current benefit schedules, although, even in this instance, the heirs of those who die early could receive increased benefits even if the accounts underperformed historical returns."
"Opponents, citing the CBO analysis, argue that the upfront borrowing costs mean that this plan would not produce a lower total deficit in the Social Security fund against current law until around 2030. The expected savings projected do not include interest on this debt nor the benefit of paying back the debt in cheaper (inflated) dollars, nor is the expected borrowing figured into their GDP and productivity assumptions in the model. Opponents also dispute the economic projections used, pointing out that they require low economic growth, and still have high stock market returns, which would require that stock price/earnings ratios reach historically unsustainable levels of 70, or corporate earnings/revenue ratios to triple over the course of the next 70 years. Neither of these events has happened in the course of modern economic history, and therefore, they argue, the projections which are used to support the plausibility of the privatization plans are contradictory." 2-05
- -03-16-05 Senate Rejects Bush Plan to Cut Medicaid (MSNBC News)
"The Senate delivered a slap at President Bush and its own Republican leaders Thursday by passing a $2.6 trillion budget erasing his plans for cutting Medicaid, community development and school aid."
"In the Senate’s watershed 52-48 roll call, a coalition of Democrats and moderate Republicans voted to yank all $14 billion in proposed five-year cuts from Medicaid, the federal-state health care program for the poor and disabled."
"Those reductions, 1 percent of expected Medicaid spending over the period, are the keystone of plans by Bush and GOP congressional leaders to start controlling federal deficits that surged to a record $412 billion last year and show little sign of abating." 3-05
- -05-14-05 Senate Approves $441.6 Billion for Iraq and Afghanistan (USA Today)
"A Senate committee approved a $441.6 billion defense bill for fiscal 2006 that envisions spending an additional $50 billion next year for the wars in Iraq and Afghanistan."
"Congress had approved on Tuesday an additional $82 billion for war in Iraq and Afghanistan and to combat terror worldwide, boosting the cost of the global effort since 2001 to more than $300 billion."
"The Senate approved the measure unanimously, 100-0. Earlier, the House of Representatives easily approved the measure. It now goes to President Bush for his signature, which is certain." 5-05
- -Millennium Development Goals to Reduce Human Suffering (United Nations)
The first goal is to "Reduce by half the proportion of people living on less than a dollar a day" and to "Reduce by half the proportion of people who suffer from hunger."
Editor's Note: The 191 UN member states agreeing to support the goals estimate that between 2000 and 2015 it would cost $40 billion dollars to achieve all of the goals to reduce suffering. Meanwhile, world spending on military was $956 billion last year alone. 5-05
- Senate Republicans Balk at Bush Plan (CBS News)
"President Bush's quest to rein in congressional spending is losing ground to Senate old-timers in his own party who understand the power of the purse and aren't reluctant to use it." 7-05
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[Dr. Jerry Adams at jadams@awesomelibrary.org.]
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