No news is good news–except when it means that the story about America’s slow-moving economy remains the same. A new report this morning from the Department of Labor shows that despite all of President Barack Obama’s promises and policies to grow the economy, there are still 14 million unemployed Americans. Meanwhile, …
As Washington ties itself up in knots over what the Joint Select Committee on Deficit Reduction, better known as the Supercommittee, will recommend to Congress, thirty-three Senators are standing tall against continued overspending and overborrowing. In a letter of November 3, 2011, to the Members of the Supercommittee, Senators Jim …
For months now the so-called super committee has been meeting in secret, tasked with delivering a budget-cutting (er… make that deficit-cutting) plan. Many have doubted they could actually reach their minimum target of $1.2 trillion in cuts. Few, if any, details had leaked—until today, when we learned that the Democrats …
What is the American idea? That all depends on whom you ask. According to President Barack Obama, it’s the notion that the federal government is the answer to America’s problems, and that through its intervention–by sheer force of spending–it can create a brighter future for all Americans. There’s a different …
In a speech today at The Heritage Foundation, House Budget Committee Chairman Paul Ryan (R-WI) spoke about Saving the American Idea. The full text transcript of his remarks as prepared for delivery are below: “Saving the American Idea: Rejecting Fear, Envy and the Politics of Division” Thank you so much, …
Next month, the “super committee” will release its plan to find savings in the federal budget over the next decade. A report from the Senate Finance Committee Republicans outlines a possible route forward and includes reforms to reduce unaffordable federal spending on health care and improve programs like Medicare and …
The missile defense budget has been on the chopping block ever since the Obama Administration took office. In 2009, President Obama proposed $1.6 billion in cuts compared to the prior year’s budget estimate. In 2010, the Administration proposed a modest increase in the missile defense budget for FY 2011 but …
Give two U.S. Senators credit for trying to do something about the smoke-and-mirrors games in Washington. The “Honest Budget Act” by Sen. Jeff Sessions (R-AL) and Sen. Olympia Snowe (R-ME) goes to the heart of public distrust of Congress, namely the dishonest budget gimmicks and accounting tricks. The public is …
When House Minority Leader Nancy Pelosi’s (D–CA) staff released a chart in May that attempted to illustrate how much past Presidents increased the national debt, it collided with a meticulous critique from Politifact that in turn led to a revised chart. The Washington Post’s Glenn Kessler weighed in as the …
