April 19, 2011
Read articles from the April 19th edition, including ongoing budget talks, possible austerity, and a proposed government shutdown.
- CHN: The FY 2012 Budget: House Republicans Take Steps To Drown Government in a Bathtub; The President has Other Priorities
Anti-tax activist Grover Norquist famously observed a decade ago that he didn’t want to abolish government, but just to “reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.” The Budget Resolution adopted by the House of Representatives on April 15 would drag the federal government Read More »
- CHN: Funding for FY 2011 Finalized; Government Shutdown Averted
Half way into the fiscal year and after months of standoff, the House and Senate passed the final FY 2011 spending bill for discretionary programs (those funded annually). One hour before midnight on April 8, when the federal government was set to shut down, a deal was struck estimated to cut $38.5 billion in spending Read More »
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