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Balancing The Budget

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NEWS
By Thomas W. Waldron and Thomas W. Waldron,Washington Bureau of The Sun | May 14, 1995
WASHINGTON -- As the curtain goes up on a new spending debate on Capitol Hill, an old issue has scrambled back onstage: Just how important is a balanced budget?After watching red ink accumulate in the nation's budget for more than a quarter-century, most economists agree that balancing the nation's spending is a worthwhile goal.The primary benefit, according to many economists, would be a reduction in interest rates -- perhaps as much as 2 percentage points lower -- which would translate into lower rates on mortgages, credit cards, car loans and the like.
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NEWS
December 21, 2013
Let me get this straight: Capitol Hill, which is filled with $200,000-plus a year politicians - many of them multimillionaires who retire with most of their salary intact and only lose their jobs only if they get voted out of office - is telling our military men and women that they are the ones who have to take a cut in their pensions ( "Senate advances bipartisan budget agreement," Dec. 17)? Who makes the greater sacrifice: Nancy Pelosi and John Boehner dodging each other in the halls of Congress, or our military men and women dodging bullets in the sand pits of the Middle East?
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NEWS
By Karen Hosler and Karen Hosler,SUN NATIONAL STAFF | March 19, 1997
WASHINGTON -- Reacting to signs that Republicans may be willing to delay tax cuts, President Clinton yesterday invited congressional leaders to the White House to try to restart negotiations toward a balanced budget."
NEWS
By Jami-Lin Williams | August 22, 2013
As an infant born in Waterville, Maine, to a single, teenage mother, I relied on food stamps for the first four months of my life. My family's economic status later required me to participate in other federal assistance programs like Head Start and the National School Lunch Program, so that I would have access to adequate nutrition and greater opportunities. Today I am a successful young woman with an undergraduate degree from Wellesley College, a master's degree from Stanford University, and a bright future.
NEWS
By Karen Hosler and Carl M. Cannon and Karen Hosler and Carl M. Cannon,Washington Bureau of The Sun | May 24, 1995
WASHINGTON -- The Republican-led Senate rejected yesterday by a resounding margin a $350 billion package of tax cuts already passed by the House, making it clear that any tax relief granted this year will not be nearly so generous.By a 69-31 vote -- including 23 Republicans who sided with the united Democrats in voting against the measure -- the Senate refused to adopt the broad range of family and business tax cuts promised in the House Republicans' "Contract with America." Key features of that package are a $500-per-child tax credit and a 50 percent reduction in the capital gains tax rate, which is applied to investment earnings.
NEWS
By Los Angeles Times | June 18, 1995
WASHINGTON -- President Clinton said yesterday that his plan to balance the federal budget treats Americans more fairly than legislation moving through the Republican-controlled Congress."
NEWS
March 10, 1995
Before the Balanced Budget Amendment went down to defeat last week, Republican leaders in Congress refused to reveal the details on how they would reduce the deficit to zero by 2002 out of fear that the implicit fiscal pain would doom their proposed change in the Constitution. Well, the BBA died anyway. The GOP excuse for keeping mum on details is gone. The time is approaching to start actual cutting of government spending on a scale commensurate with the Republican objective. Policy must prevail over process.
NEWS
September 25, 1995
TOO BAD Republicans in Congress are so enamored of tax cuts that they may miss their chance to seize the high ground in reforming the nation's health care system. President Clinton's Democrats had a similar opportunity last year to bring health costs under control but they botched it through a classic demonstration of how not to legislate; now they are sideline whiners. Republicans have a ready-made remedy for avoiding a similar fate.If they would agree to delay any efforts till next year for a tax cut that today cannot be justified on economic grounds, they would deprive the Democrats of their No. 1 line of attack -- namely that the GOP proposal to reduce increases in Medicare spending by a whopping $270 billion over seven years is designed to pay for a $280 billion tax cut for the wealthy.
NEWS
March 25, 2005
MARYLAND'S network of child care resource centers is in danger of collapse, but legislators can keep this critical program going by reversing the most recent cuts in its funding. The regional resource centers connect parents to quality child care providers, train providers and help them open and expand their businesses. Each center has local expertise, such as working knowledge of city bus routes and the strengths of each caregiver, to help parents make smart decisions. When the network's budget was slashed from $5.8 million in fiscal year 2003 to $3.8 million in 2004, it closed one center and dropped most of its work helping providers obtain licenses and open much-needed slots for kids.
NEWS
December 20, 1991
As state governments face the bleak, long-term prospect of a sea of red ink, many are turning to cuts in social welfare programs as a way of balancing their budgets -- increasingly under the guise of "reforms" that supposedly help the poor by encouraging them to behave more "responsibly." By that reasoning Maryland soon should have some of the most exemplary poor people in the nation: A study released this week by the Washington-based Center for Budget and Policy Priorities reported that Maryland is one of the seven states that have imposed the harshest budget cuts on the poor.
NEWS
July 31, 2013
Regarding your recent editorial on the economy, the national debt may not have the importance attributed to it ( "Economic déjà vu," July 26). It may be just a device used by the GOP to cut social programs. The Republicans' solution to the debt is tax cuts for the wealthy, which they claim will generate jobs. That hasn't happened. President Obama has proposed revamping U.S. infrastructure as part of a massive jobs program. This hasn't happened either, largely because of Republican opposition.
NEWS
February 20, 2013
Having watched Dr. Ben Carson's speech at the National Prayer Breakfast on YouTube, I can accept his foray into politics because he has worked with people of all religions, and his scholarship fund has supported talented students regardless of race or religion ("Remarks vault Carson into the political arena," Feb. 18). Dr. Carson is a good man. Yet I am flummoxed by his railings against political correctness. Now that he is retiring, he is free to sound off, but I am sure that at Hopkins he practiced political correctness as assiduously as anyone, else he could not have survived there.
NEWS
By Michael Dresser and Annie Linskey, The Baltimore Sun | February 26, 2012
The first 45 days of the General Assembly session were dominated by talk of marriage. The theme for the second half is shaping up to be money - and there's not enough of it. Thursday's Senate vote approving same-sex marriage in Maryland came on the eve of the halfway point of the annual 90-day session. Now legislators are turning their attention to the budget, and how exactly they will close a projected $1 billion deficit. "It feels like we are starting a second session," said Del. Guy Guzzone, a Howard County Democrat.
NEWS
August 22, 2011
Gov. Martin O'Malley acknowledged the obvious on Saturday when he told local officials at the annual Maryland Association of Counties summer conference that tax increases may be a part of the solution to the state's projected $1 billion budget shortfall next year. Tax revenues are picking up, but not fast enough to make up for the effects of the recession, and the likelihood of federal budget cuts could make the state's fiscal problems worse. We have reached the point at which some additional revenues may be necessary to protect the public infrastructure and services on which our collective prosperity is based.
NEWS
By Maureen Black and David Paige | May 12, 2011
Congress' recent efforts to balance the federal budget give new meaning to "women and children first. " The $500 million cut to the Special Supplemental Nutrition Program for Women, Infants and Children (WIC) that President Barack Obama and congressional Republicans agreed to as part of last month's budget deal pushes the nation's fiscal concerns onto the shoulders of babies. Because WIC actually reduces health care costs, it is not clear why it has been targeted for cuts. Economic analysis from the U.S. Department of Agriculture (USDA)
NEWS
February 28, 2011
A Republican proposal for another two-week extension of the federal budget, floated on Friday, at least delays the prospect of a government shutdown. But it does nothing to resolve the underlying stalemate between President Barack Obama and House Republicans over their effort to cut $61 billion from the current year's budget. What makes matters worse is that even if the Republicans succeed in enacting all those cuts, it won't come close to eliminating the budget deficit, which for fiscal 2011 is estimated at $1.5 trillion.
NEWS
By Susan Baer and Susan Baer,SUN NATIONAL STAFF | November 20, 1995
WASHINGTON -- To much of the public, the budget impasse resolved last night seemed little more than a petty and partisan ++ power struggle, a study in dueling egos.But beyond the posturing and rhetoric, the clash that closed parts of the government was the opening salvo in a larger budget war that has finally been joined.It spotlighted a yearlong ideological tug of war, the likes of which the nation has not witnessed in three decades.Hanging in the balance of these struggles is no less than the fate of the nation's dominant political figures -- and the direction of the country.
NEWS
By LOS ANGELES TIMES | November 11, 1996
WASHINGTON -- While conceding that Americans are tired of status quo partisan politics, President Clinton and the Senate Republican leader split yesterday on how best to balance the federal budget and save the Medicare program as they laid out their priorities for the coming year.Clinton, about to embark on his second term in the White House, said balancing the budget will be his No. 1 goal."That's plainly the message of the election," he said in an interview broadcast yesterday on ABC's "This Week With David Brinkley."
NEWS
February 7, 2011
It didn't take long for certain State House tongues — not all of them Democratic — to start wagging after Del. Jeannie Haddaway-Riccio's official Republican response to Gov. Martin O'Malley's State of the State address last week. The charge was hypocrisy in the first degree, and the critics believed they caught the Eastern Shore delegate in a classic "do what I say, not what I do" moment. In her speech, Delegate Haddaway-Riccio suggested that with the state facing a projected $1.6 billion deficit, lawmakers should forgo the General Assembly's version of earmarks, the $15 million in local bond bills included in the capital budget each year.
NEWS
By From Sun news services | September 15, 2008
Bombs kill doctors, children in Afghanistan KABUL, Afghanistan: A suicide bomber struck a United Nations convoy yesterday in southern Afghanistan, killing two Afghan doctors on their way to provide polio vaccinations to children, together with their driver. Separately, at least six children were killed while playing with what Afghan authorities said was a roadside bomb planted by the Taliban and aimed at foreign troops. Abdul Rahim Daisiwal, the chief of Andar district, said more than a dozen other children were injured by the blast.
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