Former House speaker Newt Gingrich has emerged as the most formidable of non-Romney candidates in the Republican Party presidential primary contest. His chances of winning the conservative Iowa caucuses and South Carolina election in January seem high now but he could struggle to convince right wing voters that he best represents an alternative vision to Barack Obama’s. Gingrich has polled at roughly 27 percent in | Read More »
Senate Democrats have threatened to block Speaker John Boehner’s $917 billion deficit reduction plan that would raise the nation’s debt ceiling by a similar amount this year. Just what budget cuts are they willing to accept? Republican House budget committee chairman Paul Ryan‘s budget achieved more than $6 trillion in deficit reduction over the next ten years. All House Republicans voted for his budget in | Read More »
A recent Gallup poll found that more American seniors support Paul Ryan’s reform plan for Medicare than they do the president’s. 48 percent of those over the age of 65 favor the Wisconsin congressman’s approach that would privatize the program and entitle people to “premium support” or vouchers with which to buy health insurance on the private market. 42 percent support Barack Obama who has | Read More »
Economist and New York Times contributor Paul Krugman rallies against Republicans’ spending cuts in his latest column, blaming them for sacrificing America’s future in favor of short term political gain. Krugman notes that while the majority of Americans support budget cuts, they actually like to keep the government spending that benefits them. Thus, “Republicans don’t have a mandate to cut spending,” he believes. The fact | Read More »
House Republicans announced Thursday that they will cut $74 billion from the president’s budget for the current fiscal year. Just $32 billion will be slashed before the end of the calendar year however—far less than the $100 billion Republicans promised ahead of November’s congressional elections. According to Wisconsin Republican Paul Ryan, who chairs the House budget committee, it’s just a start. “The spending limit measure | Read More »
Newly invigorated with a sense of fiscal conservatism by the rise of the Tea Party, Republican legislators in Congress will be reluctant to raise the nation’s debt ceiling this spring. But they really don’t have a choice. After billions in stimulus spending and bailing out banks and automakers, the Federal Government’s finances are in a dismal state. This fiscal year, the federal deficit is set | Read More »
Riding on a powerful wave of resentment with the Obama Administration’s interventionist policies, the Republicans performed exceptionally well in last month’s midterm elections. They picked up scores of House and Senate seats, several governorships and many state legislatures turned red. After two years of obstructionism, the left, including the White House, has urged the opposition to become a more “responsible” stakeholder. As they will have | Read More »
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