The stopgap spending agreement reached by House and Senate leaders may be the only way Congress will escape a post-election “lame duck” showdown over funding government agencies. It also presumably helps clear the agenda so Congress can focus on Taxmageddon and the scheduled defense-devastating sequestration—two other major fiscal problems lawmakers …
Understanding what Washington is up to is as simple as one-two-three: 1. Unacceptable Choices Under President Obama’s leadership, Americans have been presented two unacceptable choices. For Washington to continue to pay its bills under the limitations of the Budget Control Act of 2011 (BCA), which the President signed into law, …
Even by U.S. government standards (not a high one these days), the State Department’s budget process is a mess. In almost every budget cycle, billions and billions of hard-earned taxpayer dollars get allocated to the State Department in the last minute without proper congressional debate or substantive hearings. As a …
The President and his team have been blaming “European headwinds” for some of the U.S. economy’s woes. But the truth is that the policies pursued by Washington and Athens are frighteningly similar—and the outcomes are not good for either country. Both countries are in need of comprehensive fiscal reforms, yet …
Heritage recently released the 2012 Federal Budget in Pictures. It graphically illustrates the direction our country is headed under current policies. Click here to join us right now for our “Lunch with Heritage” online chat. We are joined by Heritage’s Alison Fraser and she is taking your questions about the …
On March 13, the Congressional Budget Office (CBO) updated its score of Obamacare, announcing that the program is $48 billion cheaper than in its previous 2011 score. The primary reason for this change is that more individuals will lose their employer-provided coverage than originally anticipated, and the government will collect …
The most significant numbers in today’s updated estimates from the Congressional Budget Office (CBO) are not the official “baseline” figures. More important are CBO’s “alternative” projections, which make clear once again that too much spending—not too little tax revenue—is the biggest threat to the country’s fiscal and economic health. Among …
