Budget

Blueprint for the Nation
11:28 am
Fri April 12, 2013

Budget Battles Continue

President Obama's new budget has of course sparked a battle on Capitol Hill.

We know Republicans aren’t happy with the president’s newly unveiled budget, but neither are some Virginia Democrats.

In his budget the President is embracing a new way to tie Social Security payments to the rate of inflation. It’s called the “Chained CPI” but let’s get past the Washington jargon. What it amounts to is less money in those Social Security checks for future generations of seniors.

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Government & Politics
5:47 pm
Thu March 28, 2013

Battle Over The Debt Ceiling

The government is now funded through September, but another deadline is hanging over Congress that imperils the economy of Virginia.

The last time Congress wrangled over the debt ceiling the federal government lost its triple A credit rating. Credit rating agencies say Virginia could also lose its pristine credit rating if the federal government gets locked in partisan warfare once again.

That could make borrowing more expensive for cash strapped locales, according to Virginia Democrat Gerry Connolly.  

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Transportation
2:15 pm
Wed March 27, 2013

Virginia's Transportation Package

Governor McDonnell has proposed amendments to the transportation-funding package that was hammered out by conferees and passed by the General Assembly last month. 

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Development Rarely Pays
1:32 pm
Wed March 20, 2013

The Downside of Development

Every five years, Virginia requires cities and counties to update plans for development – how and where they’ll grow. 

Many communities assume growth is good – and some even offer tax breaks to attract new industries and businesses, but a new report by Charlottesville economist David Shreve and planning consultant Craig Evans suggests that’s not the case if new companies hire people from elsewhere. 

That’s because new residents increase the demand for public services, such as education, road construction and maintenance, public safety, water systems, sewers and so on.

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Sequestration Issue Looms
4:30 pm
Fri March 15, 2013

Lawmakers Talk Money

While there's another threat of a government shutdown on March 27 unless the U.S. Senate and Congress reach some type of compromise, members of Virginia's Congressional delegation say some progress is being made.  There's even a possibility of reducing the impacts of sequestration on Virginia.  

Three budget amendments by Senator Mark Warner were approved. They address spending transparency, duplicate reports, and the federal retiree backlog.

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