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    1,000 Days Without a Budget: Facts on the Senate's Failure

    Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By enacting continuing resolution upon continuing resolution (short-term measures to keep the government running, spending money at the current rate), the Senate has taken a pass … More

    Infographic: Our Military's Dangerous Course

    The U.S. military is on a dangerous course. Under the projected defense spending caps brought on by the Budget Control Act of 2011, funding for modernizing the military will be squeezed to a dangerous degree. That includes reduced spending on the procurement of new weapons and equipment and research and development … More

    Morning Bell: Senators, Do Your Job and Get to Work

    On the front page of the White House’s website, a clock slowly ticks away, second by second, counting down to the day, hour, minute, and second that the nation’s payroll tax “holiday” expires and the American people get socked right where it counts — in the pocket book. And just … More

    Enough Political Theater - Time for Congress to Get the Job Done

    As the clock counts down toward Christmas, Congress still has major unfinished business to attend to.  Not that we should be surprised.  Emblematic of a resoundingly disappointing year, the last remaining issue to be resolved directly affects the pocketbooks of Americans.  Just days from now, the payroll tax “holiday” will … More

    Morning Bell: An 11th-Hour Spending Deal That Comes Up Short

    With Christmas just a week away and the new year nearly upon us, Congress came within a whisper of yet another potential government shutdown and once again demonstrated its inability to make substantive spending cuts and deliver the American people the reforms necessary to secure America’s fiscal future. Rather than … More

    Federal Accounting May Understate Costs of Solyndra-style Programs

    The accounting methodology used to measure the cost to taxpayers of federal loan guarantee programs such as the one that financed defunct solar company Solyndra may dramatically understate the programs’ financial risk to taxpayers. Simply put, the federal government ignores administrative costs and the risks of borrowers defaulting on their … More

    Supercommittee Failed, and Spending Is Still the Problem

    Tax hikes were the focal point of the contentious, failed supercommittee negotiations designed to reduce the national debt by at least $1.2 trillion. Democrats wanted massive tax hikes. Republicans flirted with a tax reform deal lowering rates and closing loopholes. But the fact that tax hikes were at the center … More

    Super Failure: No Spending Cuts, and the Debt Keeps Rising

    With the failure of the super committee to recommend at least $1.2 trillion in deficit reduction, Congress’s latest attempt at budget control has collapsed. There will be many analyses of why the process did not work, but it’s worth stepping back to recall what generated the need for this extraordinary … More

    Congress: You Must Still Do Your Job, Supercommittee or Not

    The congressional Joint Select Committee on Deficit Reduction, called the Supercommittee, announced today that it has failed to meet its statutory duty to recommend deficit reduction to Congress.  But the overspending problem is still here.  Congress does not get to quit on the American people or stall for more time.  … More

    Super Gimmick: How to Spend Non-Existent War 'Savings'

    In 1969, as President Nixon’s Domestic Policy Council sought ways to spend the forthcoming “peace dividend”—savings projected from the wind-down of the Vietnam War—council members ran into an inconvenient fact: The fiscal windfall did not exist; any post-war “savings” were already committed to a range of new spending, including some … More