The Congressional Budget Office (CBO) released their annual Long-Term Budget Outlook today, and the updated projections—which include the effects of Obamacare—paint a grim picture. If Obamacare really did bend the cost curve down, CBO shows little evidence of it in this report. In fact, CBO openly admits that “projections understate …
Despite its failure last week, Sen. Harry Reid (D-NV) is continuing to push his tax-extenders bill. Bundled together with the many egregious pieces of this bill is a $2.5 billion Temporary Assistance for Needy Families (TANF) emergency fund. This provision ties right into the current administration’s philosophy on government welfare: …
In New York, facing a $9 billion deficit, state legislators put welfare on the chopping block to head off a government shutdown. Lawmakers in New Jersey avert their own shutdown in a ninth-hour budget deal that manages to save $22 million for adults on welfare. Meanwhile, in budget-busting California, welfare …
Senators Sanders (I-VT), Harkin (D-IA) and Whitehouse (D-RI) are circulating a bill that would drastically increase the death tax at the worst possible time: such a policy move would be a body blow to a weakly recovering economy and would clearly signal to everyone that this Congress has no intention …
Over the past weekend Steny Hoyer (D-MD), the House Majority Leader, gave one of the most expansive and surprising speeches of the year. State-of-the-Unionesque in scope and partisan tone it nevertheless laid out some interesting ideas for debate. On one top tier issue Mr. Hoyer hit the nail on the …
This upcoming Saturday, AmericaSpeaks, a non-partisan organization devoted to re-energizing democracy in the U.S., will hold a nationwide discussion on the federal budget and runaway spending in Washington. Americans with all viewpoints are encouraged to make their voices heard regarding this crucial aspect of America’s future. With the president’s National …
The long-debated extenders bill failed to pass the Senate yesterday by a wide margin (45-52). That’s good new for taxpayers because the bill contained $48 billion in new taxes, $126 billion in new spending and added $79 billion to the national debt. Despite yesterday’s setback, Senate leaders are undeterred and …
The Washington Post reported today that the International Monetary Fund and various world governments warned U.S. officials years ago that “escalating financial problems” in the United States “had to be addressed quickly to forestall a larger threat to the world economy, but those urgings were discounted.” The Post went on …
