NEWS
March 30, 2012
It is imperative that people of faith speak up in support of a federal budget process that is true to the best moral traditions of our country. The federal budget is a document that reflects the values that we hold to be most important. Continuation of funding for programs that strengthen and enrich lives, support the most vulnerable among us, and serve the common good should be the foundation for decisions made in prioritizing budget choices. These are challenging financial times for our nation as Congress makes the difficult choices necessary to balance the concerns for reduction of a mounting debt with the financial commitment that a moral country must make to preserve the dignity and welfare of all people served by that government.
NEWS
March 23, 2012
Your editorial on Rep. Paul Ryan's budget proposal demonstrates why it will be so difficult to restore fiscal discipline to the federal budget ("Ryan's song and dance," March 21). Unfortunately, you have picked the wrong culprit. While criticizing Representative Ryan in his effort to balance the budget, The Sun glosses over President Obama's utter failure to make any serious effort at reducing government spending. You mention the president's "bipartisan deficit commission" but conveniently leave out the fact that the president has refused to implement any of its recommendations.
NEWS
By John Fritze, The Baltimore Sun | February 16, 2012
New federal employees would contribute more than triple the amount paid by current government workers for their retirement under an agreement reached in Congress, according to two Maryland lawmakers who helped craft the deal to extend a payroll tax break and unemployment benefits. The provision, which faced immediate pushback from public employee unions, would contribute $15 billion to the $140 billion cost over the next decade by requiring civilian employees hired after this year to chip in 3.1 percent of their pay to their retirement instead of the current 0.8 percent.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 9, 2012
Columbia-based office developer Corporate Office Properties Trust, or COPT, posted an $87.2 million loss in the fourth quarter, the company reported Thursday, blaming a weak economic recovery and uncertainty over federal budget cuts. The net loss for the three months ended Dec. 31 compared with a profit of $16.7 million in the fourth quarter of 2010. "The on-going difficult operating environment, caused by the weak economic recovery and uncertainty surrounding federal budget cuts made 2011 a challenging year for COPT," Randall M. Griffin, chief executive officer, said in a statement.
NEWS
By Jessica Anderson, The Baltimore Sun | December 15, 2011
Nearly 5,000 Howard County residents benefited from energy assistance funds last year, but because federal funding is expected to drop, a nonprofit group says it will struggle to provide help. "The question is, how significant is the cut going to be and when is that decision going to be made?" said Bita Dayhoff, president of the Community Action Council of Howard County, who spoke before members of the county's Annapolis delegation Wednesday at the Association of Community Services meeting in Columbia.
NEWS
By Bruce Lesley | October 31, 2011
Rep. Chris Van Hollen of Maryland and other members of the congressional "supercommittee" created by this summer's federal deficit ceiling law are charged with making a plan to reduce the federal budget deficit. That's a daunting task. But as new Census Bureau data shows, kids in Mr. Van Hollen's 8th District and in Maryland as a whole face an even more daunting one: staying afloat as more and more of them sink into poverty. First Focus, a national bipartisan children's advocacy organization, has crunched the numbers, and the Census figures show that an alarming 16,000 children in Mr. Van Hollen's district lived in poverty in 2010.