House Republicans could fulfill their Pledge to America promise of cutting $100 billion simply by eliminating duplicative government programs. That’s the startling news from a new Government Accountability Office report today that exposes widespread waste in the federal government. GAO’s 345-page report (PDF) was initiated more than a year ago …
House and Senate leaders are caught in a debate over real and phantom discretionary spending cuts. Senate leaders have proposed freezing 2011 discretionary spending at 2010 levels. Because this rejects the President’s proposed $39 billion increase, they are calling their yet-to-be-released proposal a $39 billion cut—essentially, claiming credits for “cuts” …
Uncle Sam is spending you into the poorhouse. Taxes, inflation, unemployment, interest rates – all could skyrocket if Washington keeps spending trillions of dollars it doesn’t have. Unless we begin to cut spending now (a lot of spending) these four horsemen of debt will ride roughshod over families and businesses …
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, …
Many of the freshmen serving in the 112th Congress were elected last November riding a wave of Tea Party activism, fueled in part by frustration over out-of-control government spending. This week they’ll have an opportunity to show the American people they’re living up to their promises as the House of …
Since President Barack Obama was sworn into office total entitlement spending has grown 4%, total discretionary has soared 16%, and the national debt has exploded 43%. Over that same time the United States economy has lost 3.3 million jobs. President Obama cannot be blamed for the most recent recession, but …
House Republicans are now pledging to reduce fiscal year 2011 discretionary spending to $100 billion below President Obama’s original request. As reported, this new budget proposal would: Unwisely reduces security spending by $16 billion relative to President Obama’s request; and Reduce non-security spending by $84 billion relative to President Obama’s …
Our federal government is currently $14.1 trillion in debt. The vast majority of the American people believe this number is far too high and on track to go far higher. Fortunately, Congress created a mechanism to force itself to reexamine its spending habits when budget deficits got out of control: …
