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  • federal spending

    What’s the President’s Weapon of Choice for America’s Economic Decline?

    When it comes to spending, President Obama’s proposed budget for 2011 takes fiscal irresponsibility to Greece and beyond. Ernest S. Christian and Gary A. Robbins, both former Treasury tax officials, write in the Washington Times that “the president’s planned fiscal excesses beyond 2010 cannot plausibly be attributed to the recession, … More

    Presidential Rhetoric vs. Reality of Spending Cuts

    The United States must reverse its spending habits, and most Americans know it.  A recent poll by Resurgent Republic shows that 62 percent of likely voters are very concerned about the level of deficit spending of which Congress is guilty.  When those that were somewhat concerned are included, the percentage … More

    Corrected VAT Lessons From Canada

    Marty Sullivan, a frequent commentator on tax policy, has now apparently decided the United States needs a value-added tax (VAT). To advance the cause, he penned a brief column on “VAT Lessons from Canada” [“VAT Lessons From Canada”, Martin A. Sullivan, Tax Notes, May 3, 2010.] However, in trying to … More

    Memo to Deficit Commission: Spending is the Problem

    The President’s deficit commission met yesterday to begin its task to address the mounting fiscal crisis facing the nation.  As we show in our 2010 Budget Chart Book, the estimated federal deficit in 2010 will be $1.54 trillion, and spending on entitlement programs (Medicare, Medicaid, and Social Security) and interest … More

    The Real Debt Washington Doesn’t Want You to Know About

    Remember how public anger over the federal debt reaching new sky-high levels last year drove lawmakers into a flurry of discussions about budget controls? Responding to public and international pressure to do something about permanently spiraling deficits, President Obama established a flawed commission to tackle the spending problem. Congress, doing … More

    Stop the Spending Now

    Federal spending is out of control. Even President Obama knows it.  To really stop the madness, Reps. Jeb Hensarling (R-TX), Mike Pence (R-IN), and John Campbell (R-CA) have proposed a simple solution – a constitutional amendment capping federal spending at 20 percent of the economy. Their proposal puts the debate … More

    A Toothless Commission On Spending Is No Substitute for True Leadership

    The recent debt limit increase passed by Congress has sparked a national debate on how to adequately reverse out-of-control federal spending. After much congressional hand-wringing recently over what budget process reform to attach to the must-pass increase in the debt ceiling, support for a bipartisan commission crafted by Senate Budget … More

    Obama Pushes U.S. Credit Rating Below France

    On Tuesday, February 2, President Obama released his budget forecasting a deficit for 2010 of $1.6 trillion for the year and $9.1 trillion from 2010 through 2020. The next day the Moody’s credit rating agency announced Obama’s budget policies were so profligate and irresponsible as to risk the credit rating … More

    Budget 2011: $173 Billion in Subsidies Won’t Solve College Affordability Problem

    Who was it who said that the definition of insanity was doing the same thing over and over again and expecting different results? According to the Department of Education, the Obama administration’s budget proposes: “$173 billion in loans, grants, tax credits and work-study programs to help students go to college.” … More

    Obama’s Deaf Ear May Cost His Success

    This week, Obama showed himself once again to be out of touch with both Americans and with the current debt situation in the United States.  He called on the determination, optimism, and fundamental decency of all Americans, but then seemed to suggest that Americans should focus that determination on passing … More