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Budget Cuts

Monday, February 25, 2013

Sequester Would Mean More Than $91.6M in MA Cuts

A White House report provides examples of where federal aid would be eliminated.

Massachusetts would see more than $91 million in federal funds cut from a myriad of programs if Congress fails to act this week to avoid the sequester, the Obama Administration said Sunday. In a move designed to pressure Republicans into accepting new taxes on the wealthy as part of a deal to prevent the sequester from taking effect on Friday, the White House released reports that outlined how those cuts would impact individual states, The Huffington Post reported. Here are some examples of what's on the chopping block for us here in Massachusetts, according to the report: After the reports were released, Congressional Republicans criticized the Obama administration for the PR move, The Huffington Post reported. “Rather than issuing last-…

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Velvet Jones

2:44 pm on Tuesday, February 26, 2013

The GOP rails against, ''East Coast elites'', ''Ivy League elites'', ''Taxachusettes'', ''Chicago style politics'', ''San Francisco values'', and calls shittkickerville USA ''the real America''.......but O'Bama is dividing America? OK   more ›

Wednesday, December 5, 2012

Governor Proposes $500M in Cuts to Deal with Low Revenues, 'Fiscal Cliff'

Patrick announced the budget adjustments Tuesday.

In anticipation of the “fiscal cliff” combined with projected tax revenues that are more than half a billion dollars lower than previously expected, Gov. Deval Patrick on Tuesday released a revised budget designed to deal with the gap.  “The uncertainty of the fiscal cliff and the resulting slow down in growth, is the direct cause of our budget challenges,” Patrick said. “Congress and the President must come to terms on a solution so the private sector will continue to make the kind of investments that create jobs, grow state and federal tax revenue collections and contribute to a lasting economic recovery." The state is now expecting to bring in roughly 21.5 billion in tax revenue, and Patrick's plan to bridge the gap between this amount …

Owen

10:37 am on Wednesday, December 5, 2012

Welcome to the "new normal". The day is fast approaching when this country experiences complete stagnation, including zero growth and runaway inflation. The party's over.   more ›

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