Between 1992 and 2000, Canada converted an annual deficit of 9 % of GDP to a surplus of 3 %,
cutting federal spending by around 20 % between 1992 and 1997.
The revenue neutral Ryan budget
cuts federal spending by over 5 trillion dollars over the next ten years.
Turner said that if it were up to him, he would
cut federal spending by 35 percent — including gutting the U.S. Department of Agriculture and the U.S. Environmental Protection Agency and slashing the budget of the U.S. Department of Education — which he said would take about seven to 10 years to accomplish.
Not exact matches
Poloz indicated in his statement that the prospect of a big
spending push
by the
federal government caused the committee to move away from its intention to
cut interest rates.
With the relentless pressure to
cut federal spending, digital solutions like telemedicine — which expands access to care and reduces costs
by up to 90 % — will become a key part of that equation.»
He would reduce the
federal debt and deficit
by cutting federal spending, nearly in half.
Hensarling — a polite and low - decibel conservative with a deadpan sense of humor and an occasionally sharp tongue — has become a tea party favorite
by relentlessly striving to
cut federal spending and shrink the
federal government.
The drop in
spending largely reflects
cut backs in the
federal government required
by the so - called sequester that went into effect in March.
After inheriting a surplus the government immediately
cut the GST
by two points, and in doing so created a structural deficit and an unsustainable fiscal situation, which then required significant
spending cuts in the 2010, 2011 and 20012 budgets in order to put the
federal finances back on a sustainable path.
NO:
Federal spending at these levels is unsustainable and must be
cut sharply now
by empowering state and local governments, consolidating duplicative programs and privatizing government programs.
A senior Democratic aide said the party's position is that emergency
spending need not be offset
by cuts elsewhere in the
federal budget, making Pelosi's statement a challenge to Republicans who have insisted that previous aid packages not add to the
federal budget deficit.
It also includes
cuts to non-defense
spending designed to lower the
federal budget deficit
by more than $ 3 trillion over the next decade.
The automatic
federal spending cuts supposedly triggered
by the supercommittee's failure will cost NY $ 5 billion over the next 10 years, Cuomo said.
The final agreement not only burnishes Cuomo's liberal credentials
by extending (though not expanding) the millionaire's tax, raising the age of criminal responsibility of New York and addressing the high cost of college tuition for members of the middle class, it also dramatically increases his (already considerable) budget powers, enabling him to single - handedly make
spending cuts in the event of widely expected future
federal funding reductions.
Stung
by the expiration of
federal aid intended to help states balance budgets as they seek to recover from the recession that began in 2008, the final budget is also expected to include another
cut in local aid to cities and towns and to call for reduced growth in the rate of
spending on education and health care, although special education is one of the few areas in which significant investments appear imminent.
Clinton won the budget showdown against House Speaker Newt Gingrich
by agreeing to balance the
federal budget, albeit without Medicare
spending cuts.
But the Christie robocall does help Hayworth shore up a potential trouble spot for her when it comes to the Democratic push that she would support turning back
federal spending for disaster relief that isn't off set
by cuts, a position of top Republican lawmaker Eric Cantor.
BY DUNCAN OSBORNE While Mayor Bill de Blasio is proposing to increase spending by roughly $ 2 billion in the city fiscal year that begins on July 1, cuts in federal and state support for the city may force the mayor to curtail those plan
BY DUNCAN OSBORNE While Mayor Bill de Blasio is proposing to increase
spending by roughly $ 2 billion in the city fiscal year that begins on July 1, cuts in federal and state support for the city may force the mayor to curtail those plan
by roughly $ 2 billion in the city fiscal year that begins on July 1,
cuts in
federal and state support for the city may force the mayor to curtail those plans.
So, to recap: The congresswoman is seeking more
spending by the
federal government here in New York to help with the post-Irene recovery — a move that would, if she and Cantor had their way, require additional
cuts at a time when Washington is already polarized over reductions mandated
by the debt ceiling deal passed early this month.
At the same time, the NY - 19 Republican voiced support for the call
by House Majority Leader Eric Cantor that any additional disaster funding be offset
by spending cuts elsewhere in the
federal budgt.
The mailer basically argues that
by backing
federal spending cuts and helping create jobs, Corwin will be «getting America's fiscal house in order... the best insurance for our seniors.»
The Trump administration reportedly is planning to offset the steep cost of a Mexico border wall
by instructing the Department of Homeland Security to
cut spending on surveillance technology and freeze the pay of
federal officers in the 2019 fiscal year.
After five years of bitter clashes, Republican congressional leaders and President Obama last night appeared to settle their final budget fight
by reaching a tentative deal that would modestly increase
spending over the next two years,
cut some social programs, and raise the
federal borrowing limit.
Using a current - law baseline measure, the state budget gap for fiscal 2018 - 19 alone was last projected
by DOB at $ 4 billion, a figure the governor himself began citing recently (without further explanation) in his recent warnings about the implications of
federal health care
spending cuts.
Three - quarters of the nationwide public school
spending cuts prompted
by the 2008 recession have been restored, according to new
federal data.
Is the budget plan, which seeks deep
cuts in
federal spending over the next several years, that was approved
by the Republican House so overwhelming to Americans they would oppose candidates who support it?
Meanwhile, bracing for potential
federal cuts, the new deal specifies that if Congress
cuts funding to New York
by at least $ 850 million, the governor's budget director will develop a plan to make
spending cuts that will automatically go into effect unless the Legislature imposes its own reductions within 90 days.
-- Corwin launched a radio ad that describes her as a «small businesswoman» and «conservative voice» who will «fight to
cut federal spending» and «balance the
federal budget» and «protect out Constitutional freedoms
by taking on Barack Obama and Nancy Pelosi.»
New York Senator and Senate Democratic Leader Chuck Schumer, along with House Democratic Leader Nancy Pelosi,
cut a deal with President Trump to work out a new
federal spending plan
by mid-December.
The radio ads criticize Buerkle, claiming she supports a Republican bill to
cut federal education
spending by 40 percent, as well as reduce science and technology research
spending by 40 percent.
Last week, Mr. Cantor, the majority leader, said that any money the
federal government
spends to assist storm - damaged areas should be offset
by cuts elsewhere in the budget.
Trump wants to
cut about $ 1.7 trillion in
federal spending over 10 years through deep
spending cuts to entitlement programs, according to a budget preview provided
by the White House.
When a congressional committee failed in its remit to do just that last November, the clock began ticking towards an automatic
cut that will claw the required amount from across the
federal government, including all military and non-military
spending that is not required
by law.
Trump's draconian budget request — which suggested drastic
cuts to the US Environmental Protection Agency (EPA) and the US Centers for Disease Control and Prevention (CDC), among others — was rejected
by Congress, and a
spending bill that increases funding for science at many
federal agencies was signed into law.
But with
cuts looming in
spending on Medicaid, which is paid for
by state and
federal governments, the people who most need help may end up not getting much more assistance after all.
In preparing budgets that will soon be delivered to Congress for the next fiscal year,
federal civilian agencies have been guided
by a White House directive to
cut spending.
With the U.S. budget under intense pressure, lawmakers increasingly are looking to save money
by cutting federal spending on research and development.
Under a promise
by House Republicans to
cut projected
federal spending by some $ 5 trillion over the next decade, House appropriators have $ 91 billion less to work with this year than their counterparts in the Democrat - controlled Senate.
Separate
spending bills in the House of Representatives and the Senate would spare both agencies from the severe
cuts forecast next year for most
federal agencies in the wake of last summer's budget agreement between Congress and the White House and a budget resolution approved earlier this month
by the House.
(A Senate panel approved a bill that would erase this year's sequester
cut and give the agency $ 30.95 billion in 2014, but the House of Representatives, which has not released its version of the bill, has proposed
cuts to the overall
federal spending that could translate into another $ 5 billion
cut for NIH, according to an analysis
by the Federation of American Societies for Experimental Biology.)
While NASA's $ 200 million funding reduction pales in comparison to
cuts that would face some
federal agencies under the proposed budget (which has to be reviewed and approved
by Congress before becoming official), it would make significant changes to how those dollars are
spent.
By doing this one step we would not only
cut federal spending (which seems nearly impossible and almost blasphemous for me to utter) but we would also level the playing field some for organic farming to gain more ground in the marketplace and make organic options more available for others.
Washington — Heading off numerous Republican amendments to freeze or
cut federal spending for child - nutrition programs, the House Education and Labor Committee last week approved a bill that would increase the programs» $ 5.3 - billion budget
by $ 119 million in fiscal 1986.
Politicians seizing on painless ways to
cut the deficit reinforce this perception of massive
spending, and Americans believe them: In surveys, they estimate that as much as one out of four dollars
spent by the
federal government goes to foreign governments.
It will be interesting to see if County Commissions in the districts most impacted
by the DeVos
cuts are willing to
spend the money to make up for lost
federal funds.
The proposal is one
cut among many in a budget that would slash
federal education
spending by $ 9 billion, or 13.5 percent, in 2018.
Unless Congress repeals sequestration,
federal education
spending will be
cut by about $ 4.1 billion beginning as early as January 2013.
In the first year, with the economy imploding and New jersey's share of the
federal stimulus
spent by former Gov. Jon Corzine, Christie
cut more than $ 1 billion in aid to districts.
Although public schools may still feel the repercussions from the 2008 recession,
federal data showed a significant upsurge in state and local education
spending in the 2014 - 15 school year — an increase that, if it persists, could eventually restore four earlier years of deep budget
cuts, according to an analysis
by The Hechinger Report.
For example, Sen. Rand Paul's plan
cuts federal education
spending by 83 percent while
cutting defense 6.5 percent.