The White House and its congressional allies are trying to suggest that the latest Congressional Budget Office (CBO) cost estimate proves that their health-care plan is fiscally responsible. But, in fact, the latest CBO projections confirm — again — that the President’s health plan would pile more another unfinanced entitlement …
Last Friday, the Congressional Budget Office (CBO) released its analysis of the president’s 2011 budget submission to Congress. This report hasn’t gotten nearly the attention it deserves. When the administration released its budget in early February, the news seemed bad enough. By its own reckoning, the Obama administration’s budget plan …
As Heritage analysts have noted time and again, spending from congressional liberals’ health care proposals would be in the trillions, growing the federal deficit. The President has proposed a modification of the Senate bill with provisions that would make it even more expensive. At last week’s Health Care Summit, hosted …
The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs. Yet the CBO’s calculations are not based on actually observing the economy’s recent performance. Rather, they used an economic model that was programmed to assume …
Rep. Paul Ryan (R-WI) recently introduced the “Roadmap for America’s Future”, a plan to reduce federal spending, pay off the national debt, and ensure future American prosperity. The Roadmap would create long-term fiscal solvency in the three federal entitlement programs—Medicare, Medicaid, and Social Security—which otherwise promise to drive the nation …
Hundreds of thousands of recession-induced retirements are proving to be terrible news for the Social Security Administration, leading to the total decimation of its annual surplus for the first time in 25 years, according to USA Today. But this morning’s headline really doesn’t qualify as “news,” per se, given that …
Fiscal reform has become a hot topic in Washington as spending hits all-time highs and Congress and the President continue to push several new high-ticket items closer to law. Lawmakers and concerned citizens alike are shifting focus to the looming fiscal crisis that will be caused by from entitlement spending …
