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    Medicare: An Irresponsible "Doc Fix" Could Cost $2.3 Trillion—or More

    Flawed solutions to complex health policy problems can be very costly. Scrutinize, therefore, the congressional compromise legislation (H.R. 4015 and S. 2000) to repeal the unworkable Sustainable Growth Rate (SGR) formula, which updates Medicare payments to physicians. The initial 10-year cost of the SGR repeal legislation would be $138 billion, … More

    Lee Introduces Plan to Reform Welfare

    Sen. Mike Lee (R–UT) introduced legislation last week to make welfare meet needs more constructively while exercising fiscal responsibility. His new bill—whose House companion will be introduced by Rep. Jim Jordan (R–OH)—does three important things: Gets welfare spending under control. Welfare spending has increased by 16-fold since the War on … More

    The New Medicare SGR Bill: Time for Close Scrutiny and Fiscal Responsibility

    House and Senate negotiators have just come to an agreement on a policy framework to repeal the unworkable Medicare Sustainable Growth Rate (SGR) formula, which annually updates Medicare payment for doctors, and replace it with a new payment program. According to a joint press release issued today by the Senate … More

    Energy Budget Cuts Are Attack on Subsidies, Not Science

    House Members who are proposing cuts to the Department of Energy (DOE) budget are facing bogus criticism that the cuts are an attack on science. The reality is that the cuts are attacks on subsidies and duplicative spending and, in fact, do not go far enough. The lowest-hanging fruit for … More

    Seven Reasons to Reform Food Stamps

    Food stamps were a popular topic of conversation last month as Congress debated the farm bill. This decades-old Great Society program is in much need of reform for at least seven reasons: Food stamp spending has surged. Costs have been climbing since the program began in the 1960s, recession or … More

    Farm Bill Defeat Is a Chance to Get Things Right

    The House’s rejection of the food stamp/farm bill was a major victory for fiscal responsibility and limited government. Instead of adopting a fundamentally flawed $1 trillion farm bill, the House shot down the legislation by a 195–234 bipartisan vote. Bill proponents have consistently claimed throughout the farm bill debate that … More

    Farm Bill Barely Nibbles at Food Stamps

    As the debate over the farm bill continues, a great deal of hoopla has been made about cuts to the food stamps program. The Obama Administration has called the proposed cuts “harmful” and “unacceptable,” and has even threatened to veto the bill because of the cuts. But what exactly are … More

    Strong Defense and Fiscal Responsibility: It’s Possible

    Public perception may be that the sequestration cuts to the defense budget is about eliminating waste and inefficiency in the Department of Defense (DOD). In reality, sequestration will result in the loss of military capabilities. Then-Secretary of Defense Leon Panetta acknowledged in a January press conference that of the Obama … More

    Obama Inauguration Speech: More Transportation “Investment”

    President Obama hinted toward at least one aspect of his second-term agenda during yesterday’s inaugural address: more transportation “investment.” No surprise there. Obama’s past budget requests, State of the Union speeches, and the American Jobs Act of 2011 plan have all been peppered with calls for increased federal spending on … More

    Amendment Cuts Pork from Hurricane Sandy Relief Bill

    An example of fiscal responsibility turned up yesterday in an unexpected place: the U.S. Senate. Senator Dan Coats (R–IN) offered an amendment to President Obama’s $60.4 billion Hurricane Sandy relief bill that would be far less costly and much better focused on the storm’s victims. Maybe common sense in budgeting … More