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  • federal deficit

    The Futility of Tax Hikes in Pictures

    In light of the impending Obama Tax Hikes, Mercatus Center senior research fellow Veronique de Rugy created the chart to the right illustrating Hauser’s Law which Standford University professor Kurt Hauser recapped in this weekend’s Wall Street Journal: Over the past six decades, tax revenues as a percentage of GDP … More

    Treasury Secretary’s Bogus Claim: Failure to Raise Taxes Would Hurt the Economy

    Weak economy or not, a huge tax increase is just around the corner. Tax relief enacted nearly a decade ago is set to expire in January, raising taxes for middle-class families, slamming the economy with new burdens, and hurting Americans at every level. The Obama Administration wants to raise taxes … More

    The CLASS Act: Obamacare’s Other Public Option

    The American people made it clear during the recent health care debate that they were leery of a public option. But included in the Patient Protection and Affordable Care Act (PPACA) passed by Congress is the CLASS Act, a public option of a different sort: a government-run long-term care entitlement. … More

    Yes, Mr. President, You Can Cut Spending

    Today, White House Chief of Staff Rahm Emanuel and budget director Peter Orszag released a joint memo asking government agencies to create lists of ineffective programs with the intention of enacting future budget cuts of 5 percent. This initiative follows in the footsteps of proposed legislation that would give the … More

    Can U.S. Avoid Greek Disaster if Washington is Asleep at the Wheel?

    Greece’s recent escapades in economic disaster are a sobering example to the United States of the consequences of allowing government spending to far exceed revenue.  But though Americans’ concern regarding the financial outlook of the federal government grows, those with the power to act something seem largely unaffected. The International … More

    Hoyer Makes it Official - Congress Shuns Budget Duties

    The term ‘fiscal responsibility’ is en vogue in Washington these days.  Lawmakers have been quick to claim they will tackle the federal government’s impending financial crisis, a claim showcased by the President’s commission to reduce the federal deficit.  But Congress’ recent behavior proves they are no more serious about reining … More

    Obamacare Spells Disaster for Americans

    Now that Obamacare passed, the Left is calling it a truly historic achievement,  chalking it up as a victory for health care reformers everywhere.  With the enactment of the House-Senate reconciliation bill, the so-called “fix” to the Senate bill,  Speaker Nancy Pelosi (D-CA) remarked that the bill did “something very … More

    Charging Obamacare to the Federal Credit Card

    Despite the recent focus of Congress and the White House on fiscal responsibility in federal spending, passing Democrat’s health care agenda will add significantly to, not reduce, the federal deficit. Pushing Obamacare through Congress would fly directly in the face of any rhetoric spoken in favor of reducing the deficit. … More