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    Spending Caps Have Worked, but Ryan-Murray Budget Would Lift Them

    In terms of cutting government spending, the Budget Control Act’s spending caps and sequestration have been an unparalleled success story in recent years. And yet, the House of Representatives voted last Thursday to weaken the caps in 2014 and 2015 for a $63 billion increase in the discretionary budget. Sequestration … More

    Black Friday Spending Spree (in Washington)

    American shoppers aren’t the only ones getting ready to spend big this holiday season. In Washington, members of the budget conference committee are considering several options that could increase spending by up to an additional $100 billion. What’s standing in their way is sequestration: the automatic spending cut mechanism President … More

    Tax Increases Really Hurt Growth and Jobs

    Some lawmakers, led by Senate Budget Committee chair Patty Murray (D–WA), are seeking to raise taxes in the budget conference to replace the modest spending reductions referred to as sequestration. They say that spending cuts hurt growth and jobs. If they are truly concerned about the economy and Americans’ opportunities, … More

    “Use It or Lose It” Shows There’s More Room to Cut Spending

    As the budget conference committee meets to negotiate U.S. federal spending, lawmakers should not lose sight of the billions in taxpayer money still being wasted each year by federal government agencies. The end of the fiscal year in September is an annual showcase of waste just to spend the very … More

    Democrats Threaten Government Shutdown If They Don’t Get More Spending

    While much of the debate over government funding has centered around funding for the President’s unworkable health care law, Democrats’ appetite for more unnecessary federal spending has gotten much less attention. Democrats in the House are demanding more discretionary spending and have openly stated that they would prefer a government … More

    How to Cut $42 Billion in Spending in the FY 2014 Continuing Resolution

    Congress is in the midst of debating spending levels in a fiscal year (FY) 2014 continuing resolution. It’s no surprise that the two chambers disagree over how much to spend and funding for the President’s damaging health care law. The Senate proposes to spend $1.058 trillion, dismissing the spending caps … More

    While Debt Crisis Looms, Washington Still Focused on Undoing Sequestration

    Lawmakers are on track to bargain away the one spending cut they got. The Washington Post reports that President Obama and a group of Republican Senators stalled on a budget deal on Thursday that revolved in part around the question of how to best renege on sequestration. Republicans want to … More

    Armed Services Struggle Under Cuts: Defense Review Doesn’t Provide Solutions

    The recent Strategic Choices Management Review (SCMR) issued by the Department of Defense makes some alarming predictions about future readiness, such as the possibility of the U.S. Army losing 70,000 to 100,000 active-duty soldiers under sequestration. This indicates a set of 15–20 percent reductions on top of previously projected cuts … More

    Moody's: Further Deficit Reduction Needed to Maintain Stable Outlook

    Moody’s changed the outlook on the U.S. credit rating from negative to stable this week, citing improving deficits. While this is good news, policymakers should curb their enthusiasm about what this means for the U.S. debt situation. The improvement could be fleeting, as Moody’s relies heavily on favorable economic growth … More

    'Tis the Season: Sequester Furloughs Start

    Yesterday marked the beginning of sequestration’s furlough period. Most of the Department of Defense’s roughly 800,000 civilian workers will go without pay for about one day a week every week until September 30. These furloughs do not address the Pentagon’s long-term fiscal challenge. The furloughs are a result of the … More