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  • Entitlements, Taxes & Spending

    Speaker Pelosi Is Right About the Trigger

    Hill Tube has a video up of Speaker Nancy Pelosi (D-CA) talking about the obunlic option “trigger” at yesterday’s news conference. The video does not appear to be embeddable, but here is a rough transcript: A trigger is an excuse for not doing anything. But everybody’s open to listening to … More

    Video: Fix Our $43 Trillion Entitlement Problem First

    Although the United States does have a huge deficit problem we can’t afford not to fix, the Obama administration is focusing on the wrong aspect in trying to create a new federal health program. Congress needs to address spending for Social Security, Medicare and Medicaid — all programs that have … More

    Congress Should Fix the Current Health Care Deficit

    The President and his administration keep saying we cannot afford not to push through a major overhaul to the health care system, one-sixth of the U.S. economy. They’re partially right in that we do have a massive problem we can’t afford not to fix. But the focus is all wrong. … More

    Video: Fiscal Wake Up Tour

    Sometime next month the Senate will be forced to raise the federal debt limit beyond a record $12.1 trillion. While the current recession has exacerbated the problem, our rising national deficits are actually a structural problem a long time in the making. In the coming decades, the cost of Social … More

    House Health Care Bill Yields $9.2 Trillion in Deficits

    Members of Congress have been working frantically to bring the cost of the health care bill below $1 trillion, make it “deficit-neutral,” per the President’s instructions, and meet Blue Dogs’ expectations that it be “paid for.” As the Congressional Budget Office has pointed out, so far they’ve had no such luck. But the bigger … More

    News Flash: National Health Care Will Be Expensive!

    The non-partisan Congressional Budget Office (CBO) recently warned that entitlement-driven growth is unsustainable and would debilitate the economy over the long-term. In their best-case scenario, the national debt would become three times the size of the entire economy in the next 75 years. (In 2008, debt was about two-fifths of … More

    CBO: Do Not Delay, Reform Entitlements Now

    Yesterday, the non-partisan Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook and the news is grim. The preface opens, Under current laws and policies, rapidly rising health care costs and an aging population will sharply increase federal spending for Medicare, Medicaid, and Social Security. Unless increases in revenues … More

    On Indefensible Defense Cuts

    Only politicians determined to spend $1 billion a day to “stimulate” the economy could balk at committing tens of millions less than that to bolster our national defense. So it was good news this evening when the Senate Armed Services Committee added funds to buy seven more F-22 fighters and … More

    Your Increasing National Debt

    Your family’s share of the national debt just got a lot bigger thanks to the recent increases in federal spending. According to an analysis by USA Today, in 2008 an additional $55,000 per household in new federal obligations was added onto the already massive figure, bringing the total to $546,668. … More

    Morning Bell: Show Us the Savings

    According to an analysis by USA Today, American taxpayers “are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises.” Federal obligations now stand ata record $546,668 per household, quadruple … More