Harlem school administration recommends deficit spending vs budget cuts

Harlem School district administration is recommending that the board of education exhaust all their education fund cash reserves, plus $1.5M more, instead of any further cuts in spending. Excerpt: Administrators are asking the board to pass a deficit spending plan Monday that puts the education fund — which pays for salaries, benefits and supplies — $1.5 million in the red. That includes spending the remaining $245,000 in education fund reserves. This isn’t the first time that officials have agreed to spend more than the district takes in....

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Detroit bankruptcy caused by decades of liberal policies

Detroit is a showcase for the liberal agenda — and now it is bankrupt. More than 50 years of control by big-government liberals and union bosses have left a once-great American city crippled. Excerpt: Democrats have dominated the city council, and there’s been a Democratic mayor since 1962. One-party government quickly became bad government, featuring liberal policies such as sweet benefits for government unions. For decades, Detroit kept kicking the can down the road: unaffordable borrowing, state grant schemes, raising taxes to the...

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Internet taxes will raise consumer prices to fill state coffers

In the summer 2013 Heritage Foundation Members News, an analysis of the Internet sales tax is reviewed with some interesting conclusions. First, is another inappropriate title for the proposed internet tax, the “Marketplace Fairness Act” – why do all liberal government taxes or restrictions on people’s actions, deal with so-called fairness? The Internet tax would subject online companies to over 9600 tax jurisdictions throughout the United States, places where the business have no physical presence, making this...

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U.S. needs to review the IMF standards for national bailouts

The U.S. represents approximately 17% of the International Monetary Fund, which is somewhat like a global credit union that financially rescues countries such as Greece and others from default or loans them money to bolster the country’s reserves. It isn’t bad enough that the U.S. can’t bail themselves out of debt, but we use taxpayer’s money to give to foreign nations, which have lived beyond their means and who also believe that you solve your debt problems by spending more to stimulate the economy. Apparently, you can’t...

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Immigration Bill may raid the Social Security Trust Fund

Sen. David Vitter, R-La., an opponent of the immigration bill, argued that the legislation relies on $211 billion of Social Security revenue over the next 10 years and that without that money the legislation would cause a $10 billion deficit and that was against the budget rules. So, Senator Patrick Leahy, D-Vt., proposed Wednesday that the budget rules be waived, a measure that required 60 votes. The Senate voted 68-30 Wednesday to waive existing budget requirements to allow the immigration measure to proceed for a vote later this week that...

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