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Daily Archives: September 12, 2011

Estimated Impact of Automatic Budget Enforcement Procedures Specified in the Budget Control Act September 12, 2011

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Estimated Impact of Automatic Budget Enforcement Procedures Specified in the Budget Control Act, September 12, 2011

  • “The Budget Control Act of 2011 (enacted on August 2 as Public Law 112-25) made several changes to federal programs and established budget enforcement mechanisms—including caps on future discretionary appropriations—that were estimated to reduce federal budget deficits by a total of at least $2.1 trillion over the 2012–2021 period. The caps on discretionary appropriations will decrease spending (including debt-service costs) by an estimated $0.9 trillion during that period, compared with what such spending would have been if annual appropriations had grown at the rate of inflation. At least another $1.2 trillion in deficit reduction was anticipated from provisions related to a newly established Congressional Joint Select Committee on Deficit Reduction. That committee is charged with proposing legislation to trim budget deficits by at least $1.5 trillion between 2012 and 2021. However, if legislation originating from the committee and estimated to produce at least $1.2 trillion in deficit reduction (including an allowance for interest savings) is not enacted by January 15, 2012, automatic procedures for cutting both discretionary and mandatory spending will take effect. The magnitude of those cuts would depend on any shortfall in the estimated effects of such legislation relative to the $1.2 trillion amount.”

    • American Jobs Act of 2011

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    President Obama’s message to Congress, and the text of American Jobs Act of 2011 The American people understand that the economic crisis and the deep recession were not created overnight and will not be solved overnight. The economic security of the middle class has been under attack for decades. That is why I believe we… Continue Reading

    Analysis of Census Data: 184 counties belong to 'majority-minority' club

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    BizJournals: “A total of 184 U.S. counties and independent cities now have “majority-minority” populations, according to an On Numbers breakdown of the latest U.S. Census Bureau data…The “majority-minority” list includes 15 counties with populations of more than 500,000. The largest are Kings and Queens County, N.Y. (better known as the New York City boroughs of… Continue Reading

    USGS – Examining Our Past: Historical Map Collection Now Online

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    News release: “Nearly 90,000 high resolution scans of the more than 200,000 historical USGS topographic maps, some dating as far back as 1884, are now available online. The Historical Topographic Map Collection includes published U.S. maps of all scales and editions, and are offered as a georeferenced digital download or as a scanned print from… Continue Reading

    Education, Demand, and Unemployment in Metropolitan America

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    Education, Demand, and Unemployment in Metropolitan America – Jonathan Rothwell and Alan Berube “Inadequate demand and inadequate education, relative to available occupations, are both ham­pering economic recovery in U.S. metropolitan areas. With a still weakened private sector, stra­tegic public investment and regional economic diversification can help address the first problem. Yet even when the economy… Continue Reading

    Independent Commission on Banking – Final Report Recommendations

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    Independent Commission on Banking – Final Report Recommendations, September 2011 [via Richard McKinney] “The recommendations in this report aim to create a more stable and competitive basis for UK banking in the longer term. That means much more than greater resilience against future financial crises and removing risks from banks to the public finances. It… Continue Reading

    New website – Business without Borders

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    “Business without Borders [sponsored by HSBC] is a unique resource in the United States — an online platform for businesses expanding beyond the U.S. borders. Targeted content from Business without Borders, and content partners The Wall Street Journal, Economist Intelligence Unit, and video content from Bloomberg Master Class, address the issues and needs of growing… Continue Reading

    LexisNexis® Launches Open Alliance Program for HPCC Systems, Enterprise-Proven, Open Source Alternative to Hadoop

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    News release: “LexisNexis® Risk Solutions today unveiled the HPCC Systems Alliance Program, which is a collaboration of partners to stimulate innovation and accelerate market adoption of the newly open sourced HPCC Systems, an enterprise-proven, open source solution to help large organizations process “Big Data”. Built on a high performing computer cluster technology, HPCC Systems is… Continue Reading

    Fact Sheet: Combating the Financing of Terrorism, Disrupting Terrorism at its Core

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    Treasury news release, 9/8/2011: “Terrorist organizations rely on financing and support networks to sustain operations and launch attacks. The U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence (TFI) has developed a sophisticated and comprehensive approach – including intelligence analysis, sanctions administration and enforcement, financial regulatory action, policy expertise, and outreach to the… Continue Reading