The contentious immigration bill (S. 744) put together by the Senate Gang of Eight is a spending Trojan Horse with several provisions that simply declare open season on spending, allowing agencies to spend “as necessary.” The bill exploits a loophole in the Budget Control Act (BCA) that allows Congress to …
Last week, the President declared April 2013 National Financial Capability Month in an effort to encourage Americans to budget responsibly. This is a commendable goal. However, with the President’s budget more than two months late, it’s worth considering how the President is managing the nation’s finances: He grew the national …
While President Obama is traveling across the nation campaigning against sequestration at the very last minute, the economy is working through a tax increase nearly twice the size of the sequestration cuts for fiscal year (FY) 2013. The President knew for more than a year that sequestration was looming and …
Rep. Tom Price (R-GA) joins us for today’s Bloggers Briefing. He’ll share his thoughts on the State of the Union, balancing the budget, and anything else that’s on his mind. Price is a standout conservative leader on Capitol Hill, having served as chairman of both the House Republican Policy Committee …
Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in Congress to avert a major tax hike, sequestration, and other major policy changes, today we bring you …
In just a little over a decade, the U.S. federal debtwill exceed 100 percent of gross domestic product (GDP), an “economically damaging” level, according to analysis from The Heritage Foundation based on numbers provided by the U.S. Office of Management and Budget and the Congressional Budget Office. To the numbers: …
