One of the most crucial issues confronting the nation is the debt and spending crisis. Standard & Poor’s downgraded the nation’s credit rating in August, while Moody’s put the U.S. on watch for a possible future downgrade. America is hemorrhaging debt, and bold steps are needed now to get spending …
President Obama’s budget outlines a plan to pay states to grow their welfare roles and eliminate efforts to fight family breakdown in low-income communities. Despite the fact that low work hours and fatherlessness are two of the greatest contributors to poverty in the United States, the newly released budget provides …
In theory, the federal government has $2.5 trillion stashed away in a nondescript office building in the sleepy little town of Parkersburg, West Virginia. That is where the Treasury Department keeps stacks of nonnegotiable Treasury bonds payable to the Social Security Administration. But as the Associated Press reported yesterday, for …
On Wednesday, President Obama praised America’s servicemembers for their remarkable response to the crisis in Haiti. He included the Army, Navy, Air Force, Marine Corps, and Coast Guard in an appropriate acknowledgment. These exceptional men and women deserve all our gratitude and appreciation for their tireless work at home and …
The president’s proposed FY2011 budget increases funding to the Department of Education by $3.5 billion. But despite this significant increase, his budget effectively cuts the freedom of choice and educational opportunities from the lives of children living in the District of Columbia. What began last year as a low-profile attempt …
UPDATE: This graph is now over one year old. For up to date information see this post: The Truth about Obama’s Budget Deficits, in Pictures UPDATE: Chart revised 5/14/2010 Releasing his budget this Monday, President Barack Obama told the American people: We won’t be able to bring down this deficit overnight, …
President Obama’s FY2011 budget confirms his administration’s plans to phase out the successful D.C. Opportunity Scholarship Program. There are two clear indicators of this in the budget: the elimination of future funding for the program and the effective consolidation of the “three-sector approach” into two sectors. With regard to the …
As President Obama’s recently-released budget for 2011 reveals, with or without a health care reform bill, Medicaid stands to receive a big, taxpayer-funded bailout. Again. The 2011 Budget includes $25 billion in additional funding for state Medicaid programs as an extension of the bailout that was included in the 2009 …
Increasing spending on the State Department and international affairs while freezing discretionary domestic spending is probably not likely to endear President Obama further to constituencies on either side of the Congressional aisle. Yet, the State Department is one of the few winners in President Obama’s FY 2011 budget request, continuing …
Last Friday, President Barack Obama accepted an invitation from House Republicans to speak and answer questions at the Republican House Issues Conference. During the Q&A period, Rep. Paul Ryan (R-WI) pressed the President: The spending bills that you’ve signed into law, the domestic discretionary spending has been increased by 84 percent. …
