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    The Most Active Recovery Act Season Yet!

    As Mike Allen of Politico reports, Vice President Joe Biden has kicked off what the Obama Administration calls its “Recovery Summer.”  According to senior adviser David Axelrod, “This summer will be the most active Recovery Act season yet.”  It sounds like Axelrod has never heard the popular saying about what … More

    Federal Reserve Chairman Ben Bernanke Highlights Unsustainable Debt

    Testifying before the House Budget Committee today, Federal Reserve Chairman Ben Bernanke noted: Even after economic and financial conditions have returned to normal, however, in the absence of further policy actions, the federal budget appears to be on an unsustainable path. A variety of projections that extrapolate current policies and … More

    RSC Balances the Budget While Obama Doubles Down on Debt

    Last week, Congressman Jim Jordan (R-OH) and Tom Price (R-GA) introduced the Republican Study Committee (RSC) FY2011 budget. This is a welcome fiscal blueprint that would restore fiscal discipline to the nation and avert a Grecian formula meltdown. It also does an excellent job of drawing a sharp distinction between … More

    A Tale of Two Gushers: Oil and Spending

    Washington’s runaway gusher of spending makes the Deepwater Horizon disaster look small and simple to stop. Congress is debating another irresponsible round of extra spending (although they refuse to call it “son of stimulus”) before they take a Memorial Day break.  The measure would add an estimated $84-billion (or perhaps … More

    Video of the Week: Gov. Chris Christie Serves-Up Some Common Sense

    Love him or hate him, you’ve got to admit that New Jersey Gov. Chris Christie is not afraid to take a stand, speak his mind, or face the heat while doing it. He served up his latest dish of no-nonsense honesty at a townhall in Rutherford, New Jersey, on Tuesday … More

    Obama’s "Line-Item Veto" Really Just Tweaking Existing Authority

    Later this month, the Obama Administration is expected to submit a plan to Congress seeking additional power to cut specific items from spending bills. This proposal is commonly called the “Line-Item Veto,” named after the law ruled unconstitutional in the 1990’s. However, line-item vetoes did not require Congressional approval, while … More

    Morning Bell: Congress' Historic Decision to Ignore Its Basic Duty

    House Majority Leader Steny Hoyer (D-MD) once said that the “most basic responsibility of governing is to pass a budget.” Yesterday it became clear that Congress has decided to shirk that responsibility, as word broke that the House likely will not pass a budget resolution for the first time since the … More

    Closing the Deficit Requires an Open Mind, Not an Open Wallet

    The typically staid pages of the Washington Post Business Section were graced this morning with subtle humor from the virtual pen of the ever-sober, oft sagacious Steven Pearlstein. In a piece titled “Keeping an open mind on solutions to the budget deficit”, Pearlstein neatly lays out the argument one typically … 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

    Outside the Beltway: Missouri's Mission Impossible - Downsizing Government

    Economic realities are slapping states in the face as they come to terms with the fact that they can’t afford costly government programs amid declining revenues. Though many states are on a path toward economic ruin, some legislators in Missouri are taking heed and cutting spending. The Associated Press reports … More