“The problem isn’t that we haven’t agreed, the problem is that we’ve agreed way too much,” explained Senator Tom Coburn (R-OK) in a recent interview with The Heritage Foundation. “Otherwise we wouldn’t have trillion dollar deficits, $16 trillion in debt, and unfunded liabiltiies of $113-131 trillion.” Senator Coburn visited The …
Spending has skyrocketed under President Obama, but of late some are claiming that the opposite is true. Case in point: MarketWatch columnist Rex Nutting wrote, “Obama spending binge never happened,” and Politifact rated this statement “mostly true.” But Mitt Romney this week said that “Since President Obama assumed office three …
The Obama Administration is piggybacking on claims made by MarketWatch’s Rex Nutting that Obama has not gone on the spending spree everyone thinks he has since taking office. As White House press secretary Jay Carney puts it, President Obama has exercised “significant fiscal restraint” and “acted with great fiscal responsibility.” …
Last week, the House Ways and Means Subcommittee on Human Resources held a hearing addressing an obscure regulatory loophole, known as “excess MOE,” that is gutting the work requirement of the 1996 welfare reforms. Most states are taking advantage of this loophole, which allows them to get credit for moving …
Despite all the talk of “austerity,” little has been done to stem the tide of the United States’ ever growing debt. The little that has been cut is in area that needs it most: defense. The Budget Control Act’s sequestration hits defense disproportionately and essentially ignores entitlement spending, the leading …
President Obama’s proposal to keep interest rates on one type of student loans below market level obscures the fact that, if Taxmageddon strikes, the tax hike young adults entering the workforce would face would vastly outpace the savings they might enjoy from Congress continuing to subsidize their interest rates. Taxmageddon …
