The Congressional Budget Office (CBO) has completed its initial review of President Barack Obama’s budget request and found that the White House significantly understated the cost of and red ink in its budget. While President Obama claimed his budget would produce $7.2 trillion in deficits (a staggering figure) over the …
As Congress continues the struggle to tame federal deficit spending, some argue that tax hikes and defense cuts are necessary and inevitable. For example, a recent brief from the Concord Coalition on the prospects for the House Majority’s coming budget resolution for fiscal year 2012 makes the case that conservatives …
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 …
In this week’s Heritage in Focus Roundtable, Heritage panelists discuss this week’s Blogger’s Briefing with special guest Herman Cain, gas prices and the budget. Just under one year since passage, Obamacare has already taken its toll on businesses, which is why the recent address by Herman Cain (former CEO of Godfather’s …
Critics of America’s traditional style of leadership seem to have once again adopted a narrative of America’s inevitable decline. Drawn-out wars, China’s rising influence, and a crushing national debt are seen as kryptonite to the world’s sole superpower. The challenges these issues pose to American influence in the world is …
If lawmakers are serious about tackling out-of-control government spending, they have no choice but to tackle entitlements. Medicare, Medicaid, and Social Security are the three largest entitlement programs and together represent 40.2 percent of the President’s fiscal year (FY) 2012 budget. For the sake of comparison, total spending on national …
