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Budget Deficit

Wednesday, February 27, 2013

What Will Illinois Lose in the Sequester?

The state might take a crippling hit if Congress does not act before Friday.

Deep, nationwide cuts are geared to take place March 1. They're the first of a decade-long $1.2 trillon budget cut plan poised to go into effect unless Congress can compromise on a defecit-reduction plan.  Here’s what Illinois stands to lose, according to the White House: U.S. Representative Dan Lipinski (IL-3) blasted the sequester that both sides must "end the blame game" and "halt the sequester" by passing the new Simpson-Bowles plan. Lipinski claims the plan would reduce the federal deficit by an estimated additional $2.4 trillion over the next 10 years through a combination of spending cuts, new revenue, and tax reform. "The sequester uses a meat cleaver when a scalpel should be used. It's not the way to go about responsibly reducing …

kp

2:20 pm on Saturday, March 2, 2013

You are right. They are more concerned with the illegal immigrants than their own citizens Then you have Michelle and her whole entourage coming to Chicago to promote her "Lets Move" campaign, which of course cost a fortune. Guess what. No one is interested in that. There are way more important issues at hand with the legal middle class that are being hit the hardest through all of this I am sooo…   more ›

Monday, February 21, 2011

Budget, National Debt Dominates Kirk Town Hall Forum in Frankfort

Sen. Mark Kirk answered questions and outlined his view on the budget deficit in a town hall meeting Saturday.

As a budget battle looms in the nation's capital, U.S. Sen. Mark Kirk (R-Ill.) focused his remarks on the federal deficit and spending during a town hall forum in Frankfort on Saturday. Kirk took questions from attendees who filled an elementary school gym looking for the opportunity to hear and question their senator. “I don’t want you to walk out of here feeling completely bad about the future of the United States,” Kirk said, before launching into a discussion on growing federal spending. The event was supposed to feature freshman Rep. Adam Kinzinger (R-11th). An early-morning budget vote prevented Kinzinger from attending in person, but he made remarks via videoconference. Kinzinger echoed Kirk’s belief that Congress should cut …

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Darryl K

1:42 pm on Wednesday, March 27, 2013

Dean, how unfair of you to use common sense and logic in this discussion! lol   more ›

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