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  • The U.S. Chamber of Tax Hikes

    Some national business leaders are outright opposing measures of fiscal responsibility. Fortunately, fiscal conservatives in Congress are fighting back. Case in point: reaction to House Transportation and Infrastructure Committee (T&I) Chairman John Mica’s (R–FL) proposed six-year reauthorization bill, which limits transportation spending to the federal fuel tax revenues flowing into … More

    AARP: How High Do You Want Your Grandkids' Taxes to Go?

    AARP’s latest video opposing spending reductions in Social Security or Medicare once again pushes the flawed argument that cutting federal budget waste and loopholes would effectively address America’s unsustainable fiscal problems. A senior featured in the video asks, “With billions in waste and loopholes, how could they look at us?” Yes, … More

    Battle of the Charts: Spending Is the Problem, No Doubt About It

    While Americans across the country were celebrating independence on Monday, Talking Points Memo (TPM) was churning out its “Chart of the Day” to support the false claim that the nation doesn’t have a serious spending problem. According to TPM, conservatives in Congress are focused on cutting discretionary spending as part … More

    CBO Long-Term Budget Report: Our Dire Fiscal Situation

    Today’s release of the 2011 Long-Term Budget Outlook by the Congressional Budget Office (CBO) yet again confirms what we already know: America’s budget is continuing down an unsustainable path, and the longer we wait to address this problem, the more painful the policy fixes will have to be. The CBO … More

    Make Easy Spending Cuts, But Don’t Disregard Entitlement Reform

    Treadmills for shrimp and poetry in zoos. The AARP recently decried these examples of government spending as part of a recent TV campaign against Medicare and Social Security reform proposals. AARP says that in order to balance the budget, Congress should consider cutting funding for these types of programs, instead … More

    Deficits: Spending, Not Revenue, Is to Blame

    Deepening federal budget deficits indicate that one component of the federal budget baseline—either spending or revenue—is out of alignment. Closer inspection reveals that spending is the root cause, but both spending and revenue deserve equal treatment in policy discussions about reducing debt and deficits. Often, however, Members of Congress and … More

    CBO Report Confirms: Obama’s Budget Laden with Debt

    Coloring President Barack Obama’s budget proposal for fiscal year (FY) 2012 are the undeniable shades of masked fiscal disaster and a want of long-term solutions. According to analysis (pdf) by the Congressional Budget Office (CBO), the President’s budget would result in $1.43 trillion and $1.16 trillion deficits for FYs 2011 … More

    EPA Regulations Killing Clean Energy

    In sharp contrast to the pro-nuclear energy rhetoric of the Administration, some nuclear power plant owners are considering shutting down their facilities. Exelon, owner of the New Jersey Oyster Creek nuclear power plant, recently announced that it plans to close the plant 10 years early because of EPA regulations aimed … More

    Access to Domestic Reserves Is Best Solution to Rare Earths Dilemma

    Following reports of an alleged blockage of shipments of rare earth minerals from China to the U.S. and Europe, Congressman Edward Markey (D–MA) turned to the Obama Administration for clarification and to express his concern. In a letter to the Departments of Defense, Energy, and Commerce, as well as the … More

    With Moratorium Lifted, Time to Start Issuing Permits

    Yesterday the Obama Administration lifted the moratorium on deepwater drilling that it imposed on the oil industry following the BP oil spill in late April. This announcement comes ahead of the expected November 30 end date for the moratorium. According to The New York Times: We have made and continue … More