After going nearly four years without producing a budget resolution, Senate Democrats today released a plan confirming their mantra about “balanced” approaches has nothing to do with actually balancing the budget. In their view, “balance” is a mix of higher taxes and higher spending, chronic deficits and debt, and a …
Obamacare has been law for nearly three years, with its anniversary approaching on March 23. And while the major provisions (exchange subsidies and Medicaid expansion) aren’t slated to begin until 2014, Obamacare is already having devastating effects on Americans and their health care. Recall that fateful Presidential promise, made on …
The National Institutes of Health (NIH) made it onto an Obama Administration fact sheet listing the “most damaging effects of a sequester on the middle class.” According to the White House, under sequestration the agency “would be forced to delay or halt vital scientific projects and make hundreds of fewer …
President Obama’s so-called Buffett Rule just won’t go away. It is back in its latest iteration because Senate Democrats proposed it to partially offset the soon-to-begin sequestration spending cuts. In the Senate Democrats’ version, the Buffett Rule, named after famed investor and vocal advocate for (and benefactor of) liberal policy …
During last night’s State of the Union address, President Obama proposed fighting poverty by raising the minimum wage. It sounds appealing but it will not work. Labor economists have repeatedly studied the effects of minimum wage increases. They find no correlation between higher minimum wages and lower poverty. Raising the …
The Congressional Budget Office (CBO) released its Budget and Economic Outlook for 2013–2023 today. Here are five major takeaways: 1) Health care entitlement spending is bypassing all other spending. Spending on Medicare, Medicaid, Obamacare subsidies, and the Children’s Health Insurance Program will be greater than all other spending—including Social Security …
While President Obama keeps calling for more taxes, today’s figures from the Congressional Budget Office (CBO) show the tax hike he signed into law just last month will provide no lasting improvement in the federal government’s fiscal outlook. This is because spending continues to grow, driving deficits back toward the …
Bad ideas never seem to die. But the proposal to create a national infrastructure bank to federally fund transportation and infrastructure projects with taxpayer dollars is one such idea that President Obama and lawmakers in the 113th Congress should put to rest. A recent Politico article noted that the departure …
