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  • Entitlements, Taxes & Spending

    Morning Bell: America's Budget Crisis in Pictures

    It’s pretty clear to most Americans that Washington is broken and spending money well beyond the country’s means. In fact, Sunday marked three years since the U.S. Senate last passed a budget. Getting the fiscal house in order clearly isn’t their top priority. But just how bad is the country’s … More

    Welfare Money Being Used to Post Bail?

    Welfare cash may have been used to get a Massachusetts drug dealer “out of jail free.” The Boston Herald reports: Kimball Clark, 45, was locked up Friday on drug-dealing charges—again—when he was overheard using his one phone call to ask the person on the other end of the line to … More

    First Reactions to Ryan's Path to Prosperity Budget

    There are six key elements to a successful federal government budget, including the plan released today by House Budget Committee chairman Paul Ryan (R—WI): Does it cut spending sharply and quickly? Does it begin decisive entitlement reform? Does it avoid any tax hikes? Does it ensure a strong national defense? … More

    Morning Bell: A Budget to Save the American Dream

    America’s fiscal condition is dauntingly dismal. The national debt is well on its way to $17 trillion, 13 million Americans are out of work, and the country is stuck in the slowest recovery in the post-war era. Despite Washington bleeding taxpayers dry with reckless overspending, the U.S. Senate has not … More

    CBO Report: Spending Is Driving Debt to "Unsupportable" Level

    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 … More

    The Entitlement Crisis: At Least Congress Is Still Paying Attention

    While the President’s FY2013 budget ignores the looming crisis of entitlement spending, the House and Senate Budget Committees, to their credit, are keeping their eyes on the ball this week with hearings on the three largest threats to the country’s economic health: Medicare, Medicaid, and Social Security. These hearings usefully … More

    Chart of the Week: Nearly Half of All Americans Don't Pay Income Taxes

    This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food, income, student aid or other assistance. (See last week’s chart.) Another eye-popping number was the percentage of Americans who don’t pay income taxes, which now … More

    Morning Bell: Obama's Friends Win Big in Budget

    You don’t need to log on to President Barack Obama’s Facebook page to find out who his friends are, and you don’t need to read tea leaves, gaze into a crystal ball, or consult a psychic to learn where his priorities lie. No, you only have to take a look … More

    Morning Bell: Budget? Why Follow A Budget?

    Families and businesses have budgets, yet Washington doesn’t — and it hasn’t for the last three years. Senate Majority Leader Harry Reid (D-NV) doesn’t think this major omission is that big of a deal, and the White House has no opinion on the matter. Fortunately, there are leaders in the … More

    Morning Bell: Dependence on Government Highest in History

    When John F. Kennedy was President, just over a quarter of federal spending went to fund programs paying for some 21.7 million Americans to be dependent on Uncle Sam. But as high as that spending and dependence on the federal government was then, it has exploded today, with one in … More