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    Paul Ryan’s Budget Won’t Pass. This Is Why It Still Matters

    Even symbolic gestures can sometimes be important. Consider “The Path to Prosperity,” drafted by Rep. Paul Ryan’s (R–Wis.) budget committee and passed by the House last week. It has no chance of becoming law, but—if it did—it would put the country on a path toward a balanced budget within a … More

    New Book Exposes Entitlement Dangers

    A new book by Jagadeesh Gokhale sheds light on the magnitude of unfunded federal entitlement obligations. Gokhale compiles extensive evidence that America’s current spending path is unsustainable and that the short-term budget impact does not describe the full cost of entitlement programs: [B]udget agencies are refusing to report implicit debts … More

    Tax Revenue Rose Five Times Faster Than Spending Fell in 2013

    The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013. Taxes revenue climbed by 13.2 percent from $2.45 trillion in 2012 to $2.77 trillion in 2013. Spending, on the other hand, fell by only 2.4 … More

    Americans Want Solutions, Not Procrastination on Debt, Budget Crisis

    Nearly two-thirds of Americans polled by Bloomberg answered that “it is right to require spending cuts when the debt ceiling is raised…because Congress lacks discipline on spending.” Their voices were not heard by Congress as it signed its terms of surrender. In the final hours before October 17—the alleged day … More

    Without Reform, Entitlement Spending Poses a Default Risk

    The Obama Administration argues that failure to raise the debt limit would lead to a default on federal debts, causing unacceptable harm to the economy. But the President has ample discretion to prioritize debt payments and avoid default. The President has failed to address the more fundamental risk of default: … More

    Obamacare Exchanges Launch: What You Need to Know

    Today’s launch of Obamacare’s exchanges represents the start of sign-ups for the law’s two new entitlement programs. To guide individuals seeking to understand the process, we’ve compiled answers to some basic questions about the exchanges. What are exchanges? In theory, exchanges are just a fancy term for insurance marketplaces, where … More

    Obamacare: Insurance for Inmates?

    Even as the country prepares for the launch of Obamacare’s new entitlements tomorrow, research from the non-profit Center for Health Care Strategies reveals that millions of inmates could receive health insurance under the new entitlements. Slide 10 of the presentation, which discusses the impact of the Medicaid expansion on the … More

    Health Care Spending Crisis Coming; Obamacare Adding Fuel to the Fire

    Today’s Congressional Budget Office (CBO) report reiterates the long-standing and obvious fact that there is a health care spending crisis approaching, resulting largely from the structurally flawed Medicare program and made significantly worse by Obamacare’s new unfunded entitlement spending. The key points: Medicare spending is unsustainable, but it’s even more … More

    CBO Report's Facts Speak Louder Than Obama's Spending and Debt Crisis Denial

    The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt crisis is only getting worse. U.S. public debt doubled since before the recession and stands at a 50-year high today. The American public has not … More

    How to Cut $42 Billion in Spending in the FY 2014 Continuing Resolution

    Congress is in the midst of debating spending levels in a fiscal year (FY) 2014 continuing resolution. It’s no surprise that the two chambers disagree over how much to spend and funding for the President’s damaging health care law. The Senate proposes to spend $1.058 trillion, dismissing the spending caps … More