Today, April 15, is typically Tax Day. Taxpayers would usually be furiously figuring out how much they owe Uncle Sam right about now. In case you didn’t know it, taxpayers this year get a three-day reprieve because of a holiday in Washington, D.C., commemorating President Abraham Lincoln’s emancipation of slaves …
In a speech yesterday on America’s fiscal crisis, President Barack Obama invoked the legacy of Abraham Lincoln and said, “through government, we should do together what we cannot do as well for ourselves.” Yet since his presidency began, Barack Obama has proven that what he cannot do very well for …
As Congress continues the struggle to tame federal deficit spending, some argue that tax hikes and defense cuts are necessary and inevitable. For example, a recent brief from the Concord Coalition on the prospects for the House Majority’s coming budget resolution for fiscal year 2012 makes the case that conservatives …
Last week, the Congressional Budget Office released its report on H.R. 2, the House-passed legislation that would fully repeal Obamacare. The takeaway message was that American taxpayers simply cannot afford Obamacare. CBO’s initial scoring of Obamacare analyzed its effects from 2010 to 2019, including only six years of full implementation, …
The U.S. Commerce Department today reported that the country’s 2010 trade deficit was $497.8 billion, an increase of $122.9 billion from 2009. Exports increased from $1.57 trillion to $1.83 trillion, and imports increased from $1.95 trillion to $2.33 trillion. Increased imports are often a sign that the U.S. economy is …
According to Health and Human Services (HHS) Secretary Kathy Sebelius, the design of the Community Living Assistance Services and Supports (CLASS) program has basic flaws, but the bureaucracy will fix those flaws with hard work and deep thinking. Sebelius spoke on the CLASS program on Monday at a Kaiser Family …
Last week served up another dose of reality for Obamacare supporters. In addition to House committee hearings that exposed the negative effects of the new law, the Congressional Budget Office (CBO) released its new 10-year baseline, which unveils the “daunting economic and budgetary challenges” facing the United States. In 2011, …
