The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a tax increase totaling $1.1 trillion (and a net increase of about $1 trillion), some components of which would directly hit middle-class and lower-income Americans. On …
The world’s second-largest reinsurer, Swiss Re, reports “that natural catastrophes and man-made disasters cost the insurance industry $77 billion in 2012.” The report noted this figure covered “more than 300 catastrophes and disasters caus[ing] the loss of 14,000 lives and $186 billion.” These disasters included many of the 112 events …
Despite all the handwringing, it appears that President Barack Obama will get what he wanted in his excessive $60.4 billion request related to Hurricane Sandy. Shortly after his request was sent to Congress, the Senate approved President Obama’s package largely intact. Last week, the House passed $9.7 billion for the …
The U.S. House returns Tuesday to consider the latest installment of Hurricane Sandy disaster aid. The $17 billion base bill (H.R. 152) could grow by an extra $33 billion of pork-laden spending — without offsets. Heritage’s Patrick Louis Knudsen outlined what’s at stake with the spending package this morning. The Senate’s version of the …
A good test of whether the 113th Congress is likely to take budgeting seriously will come early this week, when the House considers the remainder of its Hurricane Sandy relief legislation. House conservatives are proposing several amendments that would cut enough spending to offset the $17 billion base bill (H.R. …
The Department of Health and Human Services (HHS) just released its latest batch of Head Start data, revealing, once again, that its students are receiving far less than a “head start.” The study, which was finally released the weekend before Christmas after more than a year’s delay, examines the third-grade …
Leaders from New Jersey and New York blew up yesterday after House Speaker John Boehner (R-OH) postponed a vote on an aid package related to Hurricane Sandy. But the bill is so loaded with pork projects that these officials should consider directing their anger at the Obama Administration, which is …
