The Internal Revenue Service would face a “devastating” loss of $4 billion in revenue collected each year if proposed cuts of up to $600 million are made from the agency’s budget, Colleen Kelley, president of the National Treasury Employees Union warned Wednesday.
While the cuts might mean savings on the front end, they would result in far less money available for every federal agency the public depends on for services, she said, including responsible for the health and safety of the public. Keep reading →
There are a lot of ideas on how to address the looming crisis of trillion dollar annual deficits and a $14 trillion national debt. Congress has ideas and so does the President. All of the ideas involve choosing winners and losers, who will be taxed or receive tax breaks. Given the deep political and economic divisions in the country right now, a starting point for progress is voluntary measures.
President Barack Obama took to the new media stage at LinkedIn in Silicon Valley this afternoon (Sept. 26) to speak to a studio and online audience about his $450 billion jobs proposal, signaling yet again the president’s knack for harnessing social media to take his message directly to the America public.
For those of you who want to read it the old fashioned way, here’s President Obama’s full speech:
Alan Blinder, an economics professor at Princeton University, was a member of the Council of Economic Advisers under President Bill Clinton.
President Barack Obama urged Congress Thursday night to pass a proposed $447 billion 
President Obama raises the curtain Thursday night on a $400 billion plan to jump start the nation’s economy. It’s called the American Job Act. But will it work?