Top analyst warns of "big train" of federal cuts - CBS News: "Deschenaux said it's important to reach structural soundness in order to protect the state's triple-A bond rating and prepare for what he described as "the big train that is coming for Maryland and all other states."
"What is that train? That is the federal government's effort to balance its budget, which will inevitably result in fewer jobs in Maryland and less money coming from the federal government," Deschenaux said. "If we're going to be prepared for that and in a position to address it, we do need to deal with our own structural budget issues."
To do that without compromising support for public schools, higher education and, for the most part, social safety nets, O'Malley has put some controversial proposals before the General Assembly.
For one thing, he has proposed reducing tax exemptions for people who make more than $100,000 annually.
He also has recommended a significant shift of teacher pension costs from the state, which currently pays the entire bill, to the counties."
US Post Office Needs to Cut 260,000 Jobs: Rep. Issa - US Business News - CNBC: "The U.S. Postal Service needs to slash 260,000 jobs and end weekend delivery if it is to climb out of its "financially insolvent" condition, Rep. Darrell Issa said.
Despite a mandate to avoid deficits, the post office loses up to $15 billion a year, Issa told CNBC during an informal gathering of senior House Oversight and Government Reform Committee members.
"It's a combination of delivering what people want at a price they're willing to pay," the California Republican said. "We've restricted what the post office can charge for various classes of mail. But the biggest challenge is there are about 660,000 workers at the post office. In the private sector there would be about 400,000.""
"What is that train? That is the federal government's effort to balance its budget, which will inevitably result in fewer jobs in Maryland and less money coming from the federal government," Deschenaux said. "If we're going to be prepared for that and in a position to address it, we do need to deal with our own structural budget issues."
To do that without compromising support for public schools, higher education and, for the most part, social safety nets, O'Malley has put some controversial proposals before the General Assembly.
For one thing, he has proposed reducing tax exemptions for people who make more than $100,000 annually.
He also has recommended a significant shift of teacher pension costs from the state, which currently pays the entire bill, to the counties."
US Post Office Needs to Cut 260,000 Jobs: Rep. Issa - US Business News - CNBC: "The U.S. Postal Service needs to slash 260,000 jobs and end weekend delivery if it is to climb out of its "financially insolvent" condition, Rep. Darrell Issa said.
Despite a mandate to avoid deficits, the post office loses up to $15 billion a year, Issa told CNBC during an informal gathering of senior House Oversight and Government Reform Committee members.
"It's a combination of delivering what people want at a price they're willing to pay," the California Republican said. "We've restricted what the post office can charge for various classes of mail. But the biggest challenge is there are about 660,000 workers at the post office. In the private sector there would be about 400,000.""
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