President Obama neglected to mention Millennials in his address to the nation Monday night. Ironic, since they are burdened with the responsibility of paying America’s debt. But that should come as no surprise. Young Americans are often overlooked in the political world. However, 18 to 29-year-olds have serious concerns about …
The latest unemployment numbers, released Friday, showed that the economy created a net 18,000 jobs in June, far below the roughly 150,000 needed to keep pace with new job market entrants. The unemployment rate ticked up to 9.2 percent. Since President Obama had not yet been asked directly about June’s …
The debt limit debate waits for the return of a recess-refreshed Congress, but if conservatives are ready for it, they can leverage the issue to enact spending caps and advance the budget the House passed last week, says former Congressional Budget Office director Douglas Holtz-Eakin. “The Republicans should come back …
As Congress continues the struggle to tame federal deficit spending, some argue that tax hikes and defense cuts are necessary and inevitable. For example, a recent brief from the Concord Coalition on the prospects for the House Majority’s coming budget resolution for fiscal year 2012 makes the case that conservatives …
Sen. Tom Coburn (R-OK) has a powerful ally in the fight to eliminate wasteful duplication in government programs: House Majority Leader Eric Cantor (R-VA) announced the two lawmakers are teaming up for a bipartisan, House-Senate effort to eliminate overlapping and unaccountable government services that cost taxpayers more than $100 billion …
The federal government ran a budget deficit last month of $223 billion, according to recent analysis by the Congressional Budget Office (CBO). With deficits consistently running to levels almost beyond human comprehension, it would be easy to miss the fact that this was the largest single-month deficit on record. So, …
The spending cuts included in Congress’ recently passed two-week continuing resolution are just the first steps to greater fiscal discipline, freshman Rep. Renee Ellmers (R-NC) said last week at The Heritage Foundation. With a new deadline of March 18 to fund the government, Ellmers promised push for more spending reductions …
Yesterday, the Government Accountability Office (GAO) released a 345-page report detailing 34 major areas of wasteful government spending that Sen. Tom Coburn (R–OK) says could save the federal government $100 billion or more every year. Conservatives jumped on the news, with House Majority Leader Eric Cantor’s (R–VA) office releasing a …
