Federal funding for high-speed rail would end under the House fiscal year 2014 budget introduced by Budget Committee chairman Paul Ryan (R–WI). Costly high-speed rail and other intercity rail projects are not federal priorities, especially in this era of trillion-dollar budget deficits. They should not be exempt from budget cuts. …
A not-so-small cottage industry has grown up refuting liberal economist Paul Krugman’s public pronouncements. It’s not a hard industry to join, and there’s plenty of work, but it can be repetitive. Even so, Krugman’s recent writings opposing federal spending cuts for the sake of the economy are sufficiently troubling to …
Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in Congress to avert a major tax hike, sequestration, and other major policy changes, today we bring you …
Next week, President Obama will release his budget proposal for fiscal year 2012. Though the President’s budget carries no real legislative weight, it will showcase his financial priorities and the seriousness of his rhetorical commitment to rein in federal spending. A recent New York Times article by Jacob Lew, the …
House Budget Committee chairman Paul Ryan (R–WI) has released a fiscal year (FY) 2011 budget target. This target—302 allocation in budgetary parlance—was necessary since the previous congressional Democratic majority failed to pass a 2011 budget resolution or even enact a single 2011 appropriations bill. Instead they passed a continuing resolution …
