NewsCloud.com Budget News

Australia’s great budget expectations

There's a lot for the Wayne Swan to worry about, as getting his first budget right is vital for the Australian economy, crucial politically for the new Rudd Government and critical for the Treasurer personally.

Bosnian Presidency Adopted Bosnian State Budget Draft For 2008

he Bosnian Presidency adopted on at the emergency session in the Bosnian capital Sarajevo the Bosnian State Budget Draft for 2008. The President of the Bosnian Presidency Zeljko Komsic and a member of the Bosnian Presidency Haris Silajdzic voted for the proposal and a member of the Bosnian Presidency Nebojsa Radmanovic voted against the proposed budget.

Why the Government Tests Few Chinese Imports

Cheap Chinese products are a powerful and insidious destructive force. Free trade globalism more than violent terrorism or military attack is bringing America to its knees. The Chinese have us by our budget-deficit balls. Our government depends on China for loaning us money and for not dumping the vast hoard of over one trillion dollars it has accumulated by financing our huge deficits and selling us virtually everything. Dumping dollars is called the Chinese economic nuclear option.

What About Our Infrastructure?

Some might say the President needs to examine his own priorities and perhaps study the nation s infrastructure a little harder, that is if one takes a 2005 Report Card from the American Society of Civil Engineers (ASCE) seriously. That report found dangerous flaws not only in bridges, but in some of our most basic modern life lines. Those life lines are the backbone of our nation s economy, the very nuts and bolts

GOP Goes Home Without Finishing Budget Bills for 2006

Via TalkingPointsMemo: "Driving the decision to quit and go home rather than finish the remaining budget work is a determined effort by a group of conservative Republicans to prevent putting a GOP stamp on spending bills covering 13 Cabinet Departments and loaded with thousands of homestate projects derided as "pork" by critics."

Budget deficit may drop this year

Republicans already are contending that the revenue jump proves their argument that tax cuts, especially the 2003 tax cut on stock dividends, would spur the economy and ultimately increase revenues. Democrats and many independent budget analysts note that revenues have barely climbed back to the levels reached in 2000, and that the government has spent trillions of dollars from Social Security surpluses just as the first of the nation's baby boomers are nearing retirement.

Bush's Pro-Terrorism Budget

President Bush proposed a record $439.3 defense budget for fiscal year 2007, almost $30 billion more than current defense spending and not including funding for ongoing military operations in Iraq and Afghanistan. But other than funding to increase the size of Special Forces, expand language skills, and buy more unmanned aerial vehicles (UAVs) about $7 billion total and about 1.5 percent of the overall budget most of the rest of defense spending is unrelated to the one real threat to America: radical Islamic terrorism represented by al Qaeda.

2007 Budget Favors Defense

more guns, less butter.