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  • The RSC Budget: A First Look

    The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It advances more aggressive entitlement reforms than the House Budget Committee plan, including Social Security, and features deeper spending cuts. Nevertheless, the plan also suffers weaknesses, … More

    The No-Surprise Senate Budget: Higher Spending, Higher Taxes, No Real “Balance”

    After going nearly four years without producing a budget resolution, Senate Democrats today released a plan confirming their mantra about “balanced” approaches has nothing to do with actually balancing the budget. In their view, “balance” is a mix of higher taxes and higher spending, chronic deficits and debt, and a … More

    The Senate Continuing Resolution and Its Demons

    The massive spending bill released by the Senate this week suffers the same flaws as the measure the House passed last week: It spends too much, fails to protect national defense, and is full of unnecessary, wasteful spending. Like the House bill, the Senate’s continuing resolution (CR)—which is needed to … More

    2 Problems With House Spending Plan

    The House version of the continuing resolution (CR) — necessary to fund the government through the end of the fiscal year on September 30 — was Congress’s opportunity to reprogram cuts from sequestration or cut even further. Regrettably, the bill fails to deliver on both counts. Worse, because of the … More

    In Congress, a Welcome Desire for "Regular Order"

    As Members of Congress left town last week for the Presidents’ Day break, a refreshing and commendable sentiment followed them: nostalgia for the “regular order” of lawmaking. “Tired of watching as flailing leadership negotiations fail to produce any key legislation,” wrote The Washington Post, “senior lawmakers hope that a return … More

    Senate Sequester Plan: They Can’t Be Serious

    The Hill newspaper demonstrated a keen knack for understatement today with its account of Senate Democrats’ $110 billion sequester replacement proposal: “The bill would appear to have little chance of reaching President Obama’s desk, however, given opposition from House and Senate Republicans to increasing any taxes to replace the sequester.” … More

    Memo to Congress: Capitulation on Sequestration Cuts Is a Path to Defeat

    With current funding for government operations scheduled to run out March 27, the House is beginning work on another Continuing Resolution (CR) to fund the government through the rest of the fiscal year. As they do this, they must take firm steps toward their commitment to balance the budget in … More

    CBO: Tax Increase Fails to Solve Spending and Debt Crisis

    While President Obama keeps calling for more taxes, today’s figures from the Congressional Budget Office (CBO) show the tax hike he signed into law just last month will provide no lasting improvement in the federal government’s fiscal outlook. This is because spending continues to grow, driving deficits back toward the … More

    Obama’s Sequester Proposal: Details AWOL

    In another stunning failure of leadership, President Obama today asked Congress to delay the scheduled across-the-board spending cuts, including those that will decimate the national defense budget—but once again offered no specific policies that he would support. “Obama did not outline a specific proposal,” wrote The Washington Post, but he … More

    Obama’s Budget to Be Late Again

    President Obama’s budget will be late again. When the President and Congress failed to close the fiscal cliff deal until January 2, it was predictable enough that the Administration would once again submit its budget a bit late. The fiscal cliff changed both revenues and spending, and so all the … More