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Deficit Spending

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NEWS
By DAN BERGER | October 7, 1991
The times cry out for deficit spending. Too bad we overdid i last decade, which didn't.Yugoslavia is no more. Greater Serbia proposes to be no less.
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NEWS
April 30, 2013
In regards to "Misoverestimating Bush" (April 25), it's surprising that this complete nincompoop could somehow manipulate not only the intelligence community in this country but even our allies into reporting that Iraq had weapons of mass destruction. The "liar" Bush, moreover, just because of a rapacious appetite for war, started a war knowing there were no such weapons and with full realization that it would make his administration look foolish and incompetent. Brilliant on the one hand and stupid on the next.
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NEWS
February 9, 2010
The Sun frequently publishes letters criticizing Gov. Martin O'Malley and President Obama for their targeted job proposals and suggesting that the silver bullet is "across-the-board" tax cuts. These unfunded tax cuts are exactly what George W. Bush did, and it led to incredible deficit spending and the current economic mess. When the state and federal budgets are already suffering from drastic drops in revenue, large tax cuts are fiscally irresponsible. Large cuts will increase federal deficit spending and require cuts on the state level.
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
October 7, 2001
THE TIMES cry out for the economic stimulus that President Bush proposed to Congress. It should be large, immediate and temporary. The package entails one year of federal deficit spending, whether that is admitted or not. It should not be allowed to usher in a new decade of deficit addition that would raise interest rates and curtail growth. The conversion of Federal Reserve Board Chairman Alan Greenspan to sooner rather than later paves the way to agreement. The president wisely offered parameters that meet the concerns of his political opponents.
NEWS
November 23, 2011
On Friday the balanced budget amendment, known as House Joint Resolution No. 2, failed to achieve the two-thirds majority it needed for passage in the House of Representatives. The amendment called for the president to present a balanced budget to Congress annually for amendment and passage by simple majority votes. Subsequent deficit spending would have been fully permissible with 3/5s majority votes in both houses. The amendment would not have applied in times of war or national emergencies.
NEWS
By Daniel Berger | December 15, 1990
THESE TIMES cry out for deficit spending. In a recession, it makes sense to spend what you don't have, thereby making it, so that you can then pay it back. Not businesslike, somebody said? Find a business that doesn't do it, or something like it, some of the time.Government spending on worthy projects or programs would keep people at work, lighten the load of entitlement claims, slosh the money around to retail and service businesses and do the actual good that a well-designed bridge or work-training program does.
NEWS
April 25, 1993
Here is how members of Maryland's delegation on Capitol Hill were recorded on important roll-call votes last week:YES N: NO X: NOT VOTINGHOUSE: JOBLESS BENEFITSBy a vote of 301 for and 114 against, the House appropriated $4 billion in immediate deficit spending to provide up to 26 weeks of additional unemployment checks for those who have exhausted their initial 26 weeks of benefits. The bill (HR 1335) was sent to President Clinton. It was all that he and congressional Democrats could salvage from a $19 billion-plus economic stimulus proposal that hours earlier fell victim to Republican opposition in the Senate.
NEWS
By NEW YORK TIMES NEWS SERVICE | July 15, 1996
PARIS -- Marking his second Bastille Day yesterday as president of France, Jacques Chirac told his disgruntled compatriots that, in effect, they couldn't have their cake and eat it, too -- that years of high deficit spending and mismanagement meant that they would have to sweat through high unemployment and high taxes to pay off deficits for at least another year before recovery set in.But then, perhaps mindful of Marie Antoinette, he invited thousands of...
NEWS
March 10, 2011
This country and the State of Maryland, like most of the states, are facing bankruptcy due to continued deficit spending. A large contributing factor to that deficit spending is the countless millions of dollars the U.S. taxpayers spend every year for government services for illegal immigrants. The operative word here is "illegal. " Illegal immigrants are aliens (i.e. non-citizens) who has entered the United States without government permission or have stayed beyond the termination date of their visa.
NEWS
February 16, 2013
While the Republicans were certainly guilty of deficit spending, they at least fulfilled their due diligence during President George W. Bush's administration ("Get it done," Feb. 13). They submitted a budget in accordance with the law and the most basic government and business practices. At the beginning of 2009, President Obama and the Democrats held majorities in both houses of Congress. But now it's 2013 and the Democrats have yet to submit a budget. Why would they choose not to be held accountable to the American people?
NEWS
Robert L. Ehrlich Jr | May 27, 2012
The U.S. debt clock is rapidly approaching $16 trillion. This year's federal deficit is in excess of $1.3 billion. These are staggering sums, mind-numbing in their sheer size. And for the 99.9 percent of us who were not math majors, almost impossible to get one's brain around. But comprehend it we must, as the deficit and what to do about it remain central to the outcome of Campaign 2012. How did we dig a hole this deep? Well, that part of the equation is easy to understand. It's all about the "politics of yes" - that persistent, bipartisan disease whereby presidents and legislators seek voter approval through limitless federal spending.
BUSINESS
Jay Hancock | December 5, 2011
Sport, said broadcaster Howard Cosell, is "human life in microcosm. " Ain't it the truth at the University of Maryland athletic department, where the economic mood strikes approximately the same chord as that of the unemployment rate and the budget deficit. University sports budgets, it turns out, can't grow forever any more than subprime mortgage originations or government spending. In what President Wallace D. Loh called one of his "most painful and heart-wrenching decisions," the University of Maryland, College Park, is eliminating more than a fourth of its varsity teams, including men's and women's swimming and diving, men's tennis, and men's track and field.
NEWS
November 23, 2011
On Friday the balanced budget amendment, known as House Joint Resolution No. 2, failed to achieve the two-thirds majority it needed for passage in the House of Representatives. The amendment called for the president to present a balanced budget to Congress annually for amendment and passage by simple majority votes. Subsequent deficit spending would have been fully permissible with 3/5s majority votes in both houses. The amendment would not have applied in times of war or national emergencies.
NEWS
By Jerome Miller | September 15, 2011
A plethora of contemporary political phenomena that may otherwise seem only bizarre — the various "pledges" not to compromise, the rejection of Social Security as a Ponzi scheme, the denial of evolution and climate change — begin to make sense once one recognizes that the historical analogy used to describe the movement responsible for them is inaccurate. Don't think 1774, 1776 and the Boston Tea Party. Think 1832, 1860 and nullification. Historically, nullification meant the sheer refusal of a state government to accept and abide by national legislation — specifically, in 1832, a tariff law with which South Carolina was unwilling to comply.
NEWS
June 9, 2011
It is time to dispel a few myths. First, we are not overtaxed but under-taxed . Federal personal and corporate tax receipts expressed as a percentage of gross domestic product are at 14.1 percent, the lowest rate since 1951. The Bush tax cuts have been in effect for a decade, but they have not stimulated the economy. Interest rates at the Federal Reserve are effectively zero, but corporations are not borrowing for expansion. The top income tax rate of 35 percent is lower than what we experienced under Ronald Reagan, George H. W. Bush, Richard Nixon andDwight D. Eisenhower.
NEWS
February 16, 2013
While the Republicans were certainly guilty of deficit spending, they at least fulfilled their due diligence during President George W. Bush's administration ("Get it done," Feb. 13). They submitted a budget in accordance with the law and the most basic government and business practices. At the beginning of 2009, President Obama and the Democrats held majorities in both houses of Congress. But now it's 2013 and the Democrats have yet to submit a budget. Why would they choose not to be held accountable to the American people?
BUSINESS
By New York Times News Service | November 24, 1992
WASHINGTON -- Exasperated with the failure of the United States to reduce its budget deficit, an organization representing 24 industrial nations said yesterday that the American government must consider increasing taxes. It suggested a 25-cent-a-gallon increase in the tax on gasoline and a 5 percent national sales tax.The report, issued by the Organization for Economic Cooperation and Development, said the federal deficit of nearly $300 billion threatened to push up interest rates around the world as well as undermine the American government's plans to increase investment.
NEWS
March 10, 2011
This country and the State of Maryland, like most of the states, are facing bankruptcy due to continued deficit spending. A large contributing factor to that deficit spending is the countless millions of dollars the U.S. taxpayers spend every year for government services for illegal immigrants. The operative word here is "illegal. " Illegal immigrants are aliens (i.e. non-citizens) who has entered the United States without government permission or have stayed beyond the termination date of their visa.
NEWS
By Larry Carson | February 21, 2010
F ormer Gov. Robert L. Ehrlich Jr. and Howard County executive candidate Trent Kittleman won cheers and applause from a big Republican crowd at a large private home Wednesday night, but they know they'll need support from Democrats and independents to win elected office this year. Tapping into general public unrest over government spending and debt is the key to victory in November, Republicans believe, which is why Kittleman, a former Ehrlich administration official and a lawyer, is trying to make that issue local as well as national.
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