DelawarePolitics.net

The U.S. credit rating of AAA, maintained since 1917 was downgraded Friday to AA+ by Standard & Poor over concerns that the Budget Bill didn’t go far enough to reduce deficits. The U.S. received the top rating from S&P in 1941. On April 18, S&P made public that the U.S. could lose it’s AAA credit [...]

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Both sides took heat from their political base.   It is good on balance for the country.  For the first time since Gingrich and Kasich, the debate is on how to restrain spending not how to increase it.  You can’t crash diet and lose 50 pounds overnight and be healthy.  You can lose 50 pounds over [...]

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Has America been sold out by an agreement by Democrats and Republicans’ inability to do the right thing. Democrats stalled and brought no bill to the floor and Republicans fought tooth and nail to stop spending, while not raising the debt ceiling. It would seem to this American taxpayer that America has been sold a [...]

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  It seems as if another eleventh hour deal has been struck to settle the debt ceiling issue.    The deal seems to have support by both houses of congress and the president.   The deal would cut one trillion dollars in the first phase. The deal doesn’t have any tax increases in the first [...]

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  With some Republicans calling for a balanced budget amendment to the U.S. Constitution, many fiscal conservatives may believe that this amendment would be the way to stop our rising debt problem.   I would suggest that those who feel that the BBA would solve anything, should look here in Delaware. We have had a [...]

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Why is it when the President’s commission proposes changes to entitlement programs, they are courageous, but when Paul Ryan and company dials them down, they are trying to end Medicare? Did you know that the Ryan proposal is actually a take off  from Alice Rivlin, Clinton’s economic advisor? I haven’t studied the details and frankly have [...]

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The balanced budget has been a good thing for the State of Delaware and many people think it would be a good thing for the country.  One of them is Senator Mike Lee of Utah. He recently proposed Senate Amendment 115 to Senate Bill 23 The Patent Reform Act of 2011.  The purpose of the amendment [...]

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How much we waste no one knows.  This national bombshell sounds familiar to me. I have advocated a performance audit of the 35 departments in the City of Dover to find efficiencies.  In 2010, Congress demanded such an audit for the Federal government.  The results are staggering. The report says that much of the data needed [...]

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You may want to read this guest opinion in the Wall Street Journal.  By RAND PAUL After Republicans swept into office in 1994, Bill Clinton famously said in his State of the Union address that the era of big government was over. Nearly $10 trillion of federal debt later, the era of big government is [...]

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Balanced Budget Proposal Invests In Jobs And Stronger Schools Markell Budget Makes Painful Cuts But Requires No New Or Additional Taxes “To keep Delaware moving forward in the future, we need to make the hard choices now.” The budget documents are posted at: http://budget.delaware.gov/fy2012/budget2012.shtml DOVER – Governor Jack Markell introduced a balanced budget proposal today [...]

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Democrat Senate Budget Chairman Kent Conrad is finally serious about the deficit. It is better late than never. Senator Conrad recently announced his retirement next year. Budget Committee Chairman Kent Conrad, D-N.D., suggested that Obama was sidestepping the deficit issue and, with his presidential panel of debt commissioners unable to agree on a plan, leaving [...]

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UPDATE: The City Council kept the tax increase and cut a symbolic 86k out of the budget removing the big three wage increases and the new car for the mayor.  The vote was 5 to 4. Mayor Carlton Carey’s veto of the City of Dover budget has dealt a major blow to the tax and spenders. [...]

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News Release  STATE LEGISLATORS PROPOSE EASING THE BURDEN FACED BY BUSINESSES FROM DELAWARE’S HIDDEN SALES TAX, FUNDED BY A SHRINKING OF STATE GOVERNMENT          State legislators today unveiled a plan to help companies doing business in Delaware by reducing the state’s Gross Receipts Tax (GRT).  The move would be funded by savings from shrinking the [...]

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Governor Markell used his impending landslide to campaign with Democrats at the legislative level to support his agenda.  Two sessions later, we have to ask would Governor Markell be better off with a Republican House?  Yet another one of his government reform and cost cutting initiatives fell by the wayside. The legislature controls the purse strings [...]

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So Delaware, is this your budget?  Go ahead and take a look, because it might be.  It was introduced yesterday in the General Assembly and it is online today.  Before this becomes Delaware’s reality for the next fiscal year, please spend some time reviewing it.  Make sure this is how you want your tax dollars [...]

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I just wanted to pass this on.  It is taken from one of Senator Bonini’s emails.  It is a shame to see the political games being played by our General Assembly.   Partisanship v. Principle:   One of my Darkest Days in the Senate  June 11, 2010   Dear Friends: I have never considered it to be anything less than a [...]

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By Rick Manning republished with persmission from getliberty.org House Democrats plan to leave the country without a budget according to House Majority Leader Steny Hoyer who stated, “It’s difficult to pass budgets in election years because they reflect what the [fiscal] status is.” Now that’s courage, leadership and transparency. It is stunning that the Majority Leader [...]

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It’s an election year, which is good news for state employees, who had to suffer a small pay cut last year. The Joint Finance Committee has decided to dedicate the bulk of new revenues to restoring the pay. How about paying to implement the new state testing regime in full instead of a partially unfunded [...]

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By Robert Romano How hard is it to cut $10 billion out of the $3.6 trillion federal budget? That’s what Senator Jim Bunning (R-KY) wanted to know. It’s a good question: Can the U.S. Senate cut anything at all to pay for new spending? With the national debt now reaching the uncanny heights of $12.4 [...]

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How is freezing spending at artificially high levels fiscal conservatism? A freeze (on only 1/6 of the budget) would permanently lock in the baseline that increased with the stimulus bill and past budget. The ruling regime is slick, but the loony left is too dumb to know what they are doing so it may be [...]

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August 19, 2009   Governor Markell and the General Assembly members for the Dover area held an under advertized town hall meeting for the local residents at the Kent County Administrative Offices in Dover.   The 2 hour meeting began with the Governor laying out some of his vision and answering questions from the public.  It [...]

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Let’s go fly around. That is the message of a blue ribbon panel. We can’t afford to set up moon missions, but we could just go fly around. The panel says that even though we were able to reach the moon in eight years when we had to invent the technology, we can’t reach it [...]

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The love some of you may have for Congressperson may be priceless, but their 8 private jets on our nation’s charge account costs $550,000,000.00 before interest. The administration requested 4 for them and that was called and raised. Do you have a feeling that this Congress likes to gamble with how far they push the [...]

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The News Journal reports on Wednesday that Vince Meconi, the social services secretary under former governor Minner, remains on the state payroll as a consultant, pulling down a nice $6093.75 a month for his work. The News Journal states: Not only is Meconi collecting $6,093.75 every month for his work in the governor’s office, he [...]

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Hey, America is way over its head in debt, so lets go get some more!  In their Wall Street Journal article entitled Geithner Asks Congress to Increase Federal Debt Limit,  COREY BOLES and MICHAEL R. CRITTENDEN report that it is basically what our Secretary of Treasury is doing.  Something about this stinks, especially when Sec. Geithner is [...]

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The Laurel Star reported this week that the Town of Laurel will not receive funds from Municipal Street Aid this fiscal year. The article explains these funds: Since the 1970s, local cities and towns throughout the state have benefited from an annual pot of money known as “Municipal Street Aid.” This is funding that is [...]

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I was doing some light reading and I came across this little gem from our government called The Monthly Treasury Statement.  Below is a chart which summarizes the monthly reciepts and outlays of our federal government.  Everyone by now should already be aware of the never before seen trillion dollar annual budget deficit, which President [...]

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Hi everyone, OPEN THREAD This is the post I am not going to do about the President’s Press Conference tonight. After my head exploded I am finding it hard to prepare a real post. Perhaps someone with more cranial fortitude will come along and do a full write up on the event. Till then go [...]

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We have to spend our way out of bankruptcy said Delaware’s finest. I guess Vice President Biden did not read the CBO directors blog. Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds [...]

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