March 4, 2013 |
WASHINGTON - President Obama on Monday will nominate Wal-Mart's Sylvia Mathews Burwell as his next budget director, a senior administration official said. If confirmed by the Senate, Burwell would take the helm at the Office of Management and Budget at a time of heated budget battles between the White House and congressional Republicans. She would also bring more diversity to Obama's second-term cabinet following criticism that many top jobs were going to white men. The president will announce Burwell's nomination during a White House ceremony Monday morning, said the official, who requested anonymity in order to confirm the nomination ahead of Obama.
September 3, 2011
No party line for me Ever since I first registered to vote, I've been an independent. I remember President Bill Clinton leaving office with his head held high and bequeathing our country a budget surplus. No big deal, right? Then 9/11, the Iraqi war (on terror), Afghanistan, tax breaks (including for those making more than eight figures). Suddenly, since 2008, our deficit seems to be spiraling out of control. How and when did our America the Beautiful set off for a one-way trip to hell-in-a-handbasket?
June 25, 2011 |
HARRISBURG - Democrats redoubled their efforts yesterday to paint Gov. Corbett and his fellow Republicans as needlessly forcing local tax increases, school layoffs and tuition increases by going forward with a plan to enact deep cuts in aid to public schools and universities while squirreling away surplus cash. Three-quarters of the state's school districts are increasing property taxes, about 11,000 teachers are being laid off and students at 18 state-supported universities may be facing double-digit percentage increases in tuition, said state Sen. Vincent Hughes, D-Philadelphia.
January 27, 2011 |
Last year, officials in the tiny Delaware County borough of Norwood raised real estate taxes 34.7 percent, an increase they said was required to prevent the borough from going bankrupt by the summer. Now, Norwood has a different problem, the kind that many a recession-ravaged municipality would love to have: a six-figure surplus. The $327,000 surplus has led some residents to wonder if the council raised taxes too much. George Fieo, treasurer in this borough of about 5,700 people, said he made the best fiscal guess he could, given last year's circumstances.
September 30, 2010
There is little question that the long-term trends in the federal budget are unsustainable, that the deficit must be reduced, and that the resulting debt must be held at a reasonable level. However, most of the efforts so far have only amounted to dabbling around the edges. If you believe that the problem can be solved by eliminating waste and curtailing discretionary domestic spending, then you are probably a candidate for a course in remedial arithmetic. It is also going to require significant cuts in defense spending, tax increases, and major adjustments to entitlement programs.
September 15, 2010 |
BAGHDAD - Iraq might be running a budget surplus, but that doesn't mean it should spend it, U.S. officials said Tuesday, arguing that the Iraqi government's finances are too fragile for it to pay a greater share of its security costs. The Obama administration commented in response to a new U.S. government study that found that Iraq had a surplus of $52.1 billion at the end of 2009, including $11.8 billion available to be spent. The study by the Government Accountability Office, the investigative arm of Congress, provided ammunition to lawmakers who have argued that the United States should not run up its own budget deficit to bankroll the Pentagon's military training mission in Iraq.
August 23, 2010 |
The approaching resolution of two high-profile court cases is looming over a Gloucester County municipality already wrestling with financial troubles. Officials struggled mightily this summer to craft a budget affordable to the 16,000 residents of Franklin Township, an incongruous 56 square miles of farms and lakes intersecting pockets of houses, trailer parks, and shopping strips anchored by pizzerias. But when they proposed laying off five of the town's 28 police officers, residents complained loudly.
July 14, 2010 |
WASHINGTON - President Obama reached Tuesday for the nostalgia of long-gone Clinton-era budget surpluses to soothe debt-weary voters, choosing a Clinton administration budget veteran to run the White House budget office. Obama nominated Jacob J. Lew, now deputy secretary of state, as director of the Office of Management and Budget. Lew, if confirmed by the Senate, would return to the job he held under President Bill Clinton from 1998 to 2001. Lew's tenure in that role coincided with the last time the government had a surplus, a fact Obama stressed Tuesday in a message aimed at voters who have grown anxious about soaring deficits and debt under Obama's watch.
May 27, 2010 |
AS THE Nutter administration and City Council complete their second budget of the recession, a $2.5 million plan to plant 300,000 trees symbolizes the disconnect between the city's fiscal problems and its elected officials. As someone who served briefly as executive director of Fairmount Park, I believe our park system is one of our most undervalued and underappreciated assets. In the best of times, planting more trees should be applauded. But this isn't the best of times. Far from it. Still, the administration's tree proposal was part of a budget that included a 10 percent real estate tax hike.