NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Thursday, March 10, 2011

Largest Federal Budget Deficit In Us History!!!


Federal Government Posts  Largest Monthly Deficit in History

The Congressional Budget Office has reported the federal government will post a
$223 Billion Deficit for the "Month of February", which sets a new record for the largest monthly deficit posted in U.S. history.

The new figure comes as President Obama has released a $3.7 Trillion Budget for 2012 that will add $1.6 trillion to the National Debt. Republicans have proposed meager budget cuts for the current fiscal year, but Democrats and the White House have strongly opposed them and submitted their own woefully inadequate budget cuts.

The debate on cutting federal spending continues on Capitol Hill as Democrats call $61.5 billion in cuts proposed by Republicans "draconian," while "meeting the GOP half way" by presenting their mere $4.7 billion in cuts as the threat of a partial government shutdown looms for the second time in less than three weeks.

"Meeting Half Way" ?  I dont know about anyone else, but my third grade math does not comprehend 4.7 billion as meeting 61.5 billion half way.

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