The defense industry and its Republican allies in Congress are up in arms - metaphorically speaking,of course - over the possibility that an agreement which the GOP signed might actually take effect as agreed.
They hate when then happens. So they're cooking something up that could create big problems for your wallet ... not to mention your digestive tract.
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On CNBC yesterday, Mitt Romney said:
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MORNING MESSAGE: Grand Bargain v. Deal for All
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Congressional Progressive Caucus leaders Reps. Raul Grijalva, D-Ariz., and Keith Ellison, D-Minn., are trying to get political support for a congressional resolution that would repudiate any "grand bargain" on the federal deficit that cuts Social Security, Medicare or other programs vital to economic security.
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MORNING MESSAGE: Individuals vs. Giant Corporations
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A new survey showing the extent of bankers' criminal inclinations, together with the "LIBOR" scandal, gives us more insight into how deeply corrupt the banking industry has become.
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And they call the unions thuggish. Get a load of this:
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Are you wondering where your tax dollars are going? Then take a look at the $642.5 billion stuffed into the National Defense Authorization Act, which the House of Representatives recently approved.
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Jeffrey Rosen will be a featured speaker at the Take Back the American Dream conference, convening June 18 to 20 in Washington, DC, as part of the panel "The Supreme Court & Constitutional Policy for Progressives." The following is an excerpt from an article
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Originally posted at Capital Gains and Games.
I can't tell you the number of focus groups I've watched and polls I read where the overwhelming opinion was that federal spending could be cut without any decrease in the quantity and quality of what the government does.
Hell...As I posted about in 2010, even the recommendation from the co-chairs of the Bowles-Simpson commission -- who definitely should have known better -- proposed a reduction in the number of federal employees and the number of consultants but, presumably based on the assumption that the government wouldn't have to stop doing anything it was already doing, didn't suggest any activity be eliminated.
That's why this story in The Washington Post from several days ago caught my eye. The Defense Department has decided that what since the 1950s has been an annual show for the public at Andrews Air Force Base (now officially Joint Base Andrews) in suburban Maryland will now be held every other year. The savings are projected to be $2.1 million a year.
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