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  • Debt Commission

    Breaking Health Care Research: A Response to the Critics of the Ryan Roadmap

    Deficit reduction is in vogue right now thanks to the recent efforts of the National Commission on Fiscal Responsibility and Reform, but Representative Paul Ryan’s (R–WI) “Roadmap for America’s Future Act” started it all as the first proposal to offer comprehensive solutions to the nation’s pending fiscal crisis, balancing the … More

    The Obama Debt Commission: Too Much Taxes, Not Enough Cuts

    President Barack Obama’s 18 member National Commission on Fiscal Responsibility and Reform (commission) just voted 11-7 in support of the commission’s official report. This is three votes short of the 14-vote mark President Obama said would be needed before the report could be sent to Congress. While the commission deserves … More

    Morning Bell: Obama's Leadership Vacuum

    More than two years ago, then-presidential candidate Hillary Clinton launched a campaign ad that took direct aim at Senator Barack Obama’s inexperience. It painted the picture of a telephone ringing in the White House at 3 a.m. and asked the question, when there is a crisis in the world and … More

    Irony Alert: Debt Commission is Running Out of Money

    In an ode to irony, The Fiscal Times reports that President Obama’s Commission on Fiscal Responsibility and Reform (more popularly known as the “debt commission”) is running out of money: President Obama’s bipartisan fiscal commission is operating on a shoestring budget and some panel members and lawmakers worry that it … More

    Guest Blogger: Rep. Joe Pitts (R-PA) on the VAT

    Today, 154 Republicans joined me on a letter to the President’s debt commission asking them to stand against a new value-added tax, or VAT. I’m proud to see our Conference unite against a tax that’s being pushed by Paul Volcker, John Podesta, and Nancy Pelosi. The VAT is clearly a … More

    Can U.S. Avoid Greek Disaster if Washington is Asleep at the Wheel?

    Greece’s recent escapades in economic disaster are a sobering example to the United States of the consequences of allowing government spending to far exceed revenue.  But though Americans’ concern regarding the financial outlook of the federal government grows, those with the power to act something seem largely unaffected. The International … More

    America to Debt Commission: Read Our Lips—No New Taxes.

    Last week, the President’s debt commission held its kick-off meeting.  The National Commission on Fiscal Responsibility and Reform, a group of 18 lawmakers and policy experts, has been tasked with proposing a solution to the mounting financial crisis facing the United States government. As we show in our 2010 Budget … More

    The Debt Commission and Obamacare

    The president’s debt commission had its first meeting this week, and all of the talk was of getting serious about putting our fiscal house in order, with everything “on the table” for consideration. There’s no arguing with the need to get serious. According to the Congressional Budget Office (CBO), if … More

    Memo to Deficit Commission: Spending is the Problem

    The President’s deficit commission met yesterday to begin its task to address the mounting fiscal crisis facing the nation.  As we show in our 2010 Budget Chart Book, the estimated federal deficit in 2010 will be $1.54 trillion, and spending on entitlement programs (Medicare, Medicaid, and Social Security) and interest … More

    VAT Finds Favor with Debt Commission Co-Chairman Bowles

    “I think there are many good arguments that you can make for a value added tax or a consumption tax, as opposed to a tax on wages” said National Commission on Fiscal Reform Co-Chairman Erskine Bowles on April 25 during a joint appearance with Co-Chair Alan Simpson on Fox News. … More