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  • President Obama's Curious Paul Ryan Speech

    Why would the President, elected to the highest office in the land, stoop to attack a plan authored by the Chairman of the House Budget Committee, Paul Ryan (R–WI)? It’s a budget whose individual policies stand virtually no chance of ever becoming law, if for no other reason than the … More

    First Reactions to Ryan's Path to Prosperity Budget

    There are six key elements to a successful federal government budget, including the plan released today by House Budget Committee chairman Paul Ryan (R—WI): Does it cut spending sharply and quickly? Does it begin decisive entitlement reform? Does it avoid any tax hikes? Does it ensure a strong national defense? … More

    Senate Chairman’s Mark - and Transportation Bill - off Target

    Yesterday, Senate Finance Committee chairman Max Baucus (D–MT) released a modified chairman’s mark on the Highway Investment, Job Creation and Economic Growth Act of 2012 (S. 1813). When combined with the other section of the bill, this draft transportation reauthorization bill would authorize the program for two years after the … More

    Obama's Trade Agency Consolidation Proposal: Hope and Caution

    Clearly, the impact of President Obama’s proposal to consolidate parts of six trade agencies is tiny in comparison to the government’s $3.5 trillion in spending or its trillion-dollar-plus deficits. But if—and that is a big if, depending upon not-yet-available details—it represents a genuine step toward smaller, less costly, and more … More

    Enough Political Theater - Time for Congress to Get the Job Done

    As the clock counts down toward Christmas, Congress still has major unfinished business to attend to.  Not that we should be surprised.  Emblematic of a resoundingly disappointing year, the last remaining issue to be resolved directly affects the pocketbooks of Americans.  Just days from now, the payroll tax “holiday” will … More

    Supercommittee Dithers on Tax Hikes - But Where are the Spending Cuts?

    What’s a supercommittee to do? Total national debt just hit a new record at $15 trillion, an increase of approximately $700 billion since the Supercommittee’s August inception.  Hard as its members try, they just do not seem to be able to deliver the required $1.2 trillion in deficit reduction measures.  … More

    Super Committee Proposal: Tax Hikes Should Be a Nonstarter

    For months now the so-called super committee has been meeting in secret, tasked with delivering a budget-cutting (er… make that deficit-cutting) plan. Many have doubted they could actually reach their minimum target of $1.2 trillion in cuts. Few, if any, details had leaked—until today, when we learned that the Democrats … More

    Yes, Real Cuts in Continuing Resolution, But Still Far Short of House Budget

    One of the most crucial issues confronting the nation is the debt and spending crisis. Standard & Poor’s downgraded the nation’s credit rating in August, while Moody’s put the U.S. on watch for a possible future downgrade. America is hemorrhaging debt, and bold steps are needed now to get spending … More

    Harry Reid and the Chamber of No

    Washington is boiling, and it’s not just the temperature. Dueling debt ceiling proposals, presidential veto threats, and heated rhetoric between and among parties have political tempers flaring, while the President’s rhetoric is seemingly designed to bring the markets to a full-throttle meltdown. House Speaker John Boehner’s (R–OH) debt-ceiling plan sparked … More

    Dueling Debt Ceiling Proposals vs. the Rating Agencies

    As the day debt ceiling of reckoning fast approaches, dueling proposals are flurrying around Washington fast and furious.  The latest two are from House Speaker John Boehner (R-OH) and Senate Majority Leader Harry Reid (D-NV). Americans, and global financial markets, are watching Washington nervously for a real plan—one that will put the … More