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  • Office of Management and Budget

    Billions Wasted on “Improper” Food Stamp Payments

    According to a new report issued by the Office of Management and Budget (OMB), $2.7 billion worth of improper food stamp payments were made in fiscal year (FY) 2012. That equals 3.8 percent of total food stamp benefit payouts for that year. The rate of improper food stamp payments has … More

    White House Reverses Course on Obamacare Cuts from Sequestration

    As part of its latest effort to make Obamacare more politically palatable, the Obama Administration has switched course on a rule that would have made certain exchange subsidies subject to automatic federal spending cuts. The Committee for a Responsible Federal Budget first spotted the reversal, which was part of a … More

    Hurrah Too Soon: White House Budget Revision Shows $759 Billion Deficit in 2013

    The President’s Midsession Review, released this week, projects the 2013 deficit to be lower by $214 billion compared with the earlier Obama budget estimate released in April. But any hurrah would be misplaced. Most of the short-term improvement comes because revenue from the tax increases passed in December 2012 is … More

    Governor Pence Pauses Indiana Common Core Standards

    Indiana has just given every state that agreed to adopt Common Core national education standards and tests a lesson in prudent governance. On Saturday, Governor Mike Pence (R) signed the Common Core “Pause” bill into law, halting implementation of Common Core until state agencies, teachers, and taxpayers better understand the … More

    Chart of the Week: Avoiding Taxmageddon Is Not a Tax Cut

    On January 1, 2013 nearly $500 billion in tax hikes will go into effect. In other words, “Taxmageddon.” Separating truth from fiction in politics, however, is not as clear, as The Heritage Foundation’s Curtis Dubay and Romina Boccia point out in last week’s analysis of the vice presidential debate: About … More

    Pentagon Official: Sequestration a Step Toward 'Hollow' Military Force

    A senior Defense Department official testifying before the House Armed Services Committee last week said implementing sequestration, across-the-board budget cuts set to take effect in January, “would represent a major step toward creation of an unready, ‘hollow’ military force.” Deputy Defense Secretary Ashton Carter, the Pentagon’s second-in-command, told House members that sequestration … More

    White House Officials: DOE Concerned With 'Optics' in Solyndra Loan

    When the Energy Department set out to restructure the federal loan for now-bankrupt solar company Solyndra, White House budget staffers insisted that allowing the company to go bankrupt and liquidating its assets would provide greater returns for the taxpayer than the deal DOE had struck with the company’s private investors. … More

    An Education in Federal Compliance Burdens

    No Child Left Behind, the eighth reauthorization of the Elementary and Secondary Education Act of 1965, is 600-plus pages in length and contains programs that cost taxpayers $25 billion per year. The Office of Management and Budget has estimated that states are annually burdened with 7 million hours worth of … More

    Chart of the Week: U.S. Presidents Ranked by Budget Deficits

    Over the past 50 years, 10 U.S. presidents have made annual budget requests to Congress, projecting deficits both big and small. But no other president compares to Barack Obama when it comes to the size and scale of the current budget deficit facing the United States. The country is facing … More

    Stimulus Transparency Fail

    The Denver Post reports: The goal was to build a reporting system that allows the public to follow the zigzagging paths of dollars awarded under the $787 billion federal stimulus package. A financial GPS of sorts. But despite federal lawmakers’ pledge of transparency, the final stages of most money trails, … More