With the Obama administration’s debt deadline less than a week away, Speaker John Boehner (R-OH) is reworking his two-stage debt plan after the Congressional Budget Office revealed it cut less than advertised. The House isn’t expected to vote until Thursday or Friday. Meanwhile, conservatives remain highly suspicious. Heritage Action announced its opposition to the original Boehner plan and Republican Study Committee Chairman Jim Jordan (R-OH) doubted it would pass the House. Rep. Tim Walz (D-MN) will be stopping by Heritage this morning for an event, “Beyond the Border: The Future of the National …
“Harry Potter” fans everywhere helped make the eighth and final movie the highest-grossing opening of all time at both U.S. and international box offices with a total of $475.5 million. That’s a lot of money, but still nowhere near trillions in debt crippling Washington. The White House and congressional leaders continue talking this week. The establishment continues to rally around Senate Minority Leader Mitch McConnell’s (R-KY) politically motivated plan that would do nothing to reform Washington’s spending addiction. Conservatives in the House have so far shown little interest in McConnell’s …
The Republican Study Committee (RSC) has released a 10-year budget blueprint that reins in federal spending, balances the budget, and modernizes the federal budget process. While President Obama’s budget would bury the nation in $9.5 trillion of additional debt over the next decade, the RSC would accumulate just $1.8 trillion of debt over the next eight years before balancing the budget in 2020. And they accomplish this without raising taxes. Much of the RSC budget builds on the bold plan offered by House Budget Committee Chairman Paul Ryan (R-WI). Both …
Today at noon, the National Treasury Employees Union plans to rally at the U.S. Capitol in support of public-sector employees. The rally follows ongoing protests in Wisconsin, Indiana and Ohio — demonstrations that are part of broader budget battles playing out across America. The entrance of federal workers into the debate only further illustrates the hypocrisy of the protests, given the great disparity between the pay and benefits of public-sector employees and their private-sector counterparts. According to a House Republican Study Committee policy brief, federal-sector employees have posted surprising salary …
House conservatives are holding firm on their promise to cut federal spending. Speaking this morning at Heritage, Rep. Jim Jordan (R-Ohio) outlined $2.5 trillion worth of cuts between now and 2021 — a bold proposal called the Spending Reduction Act (SRA). Jordan, who serves as chairman of the Republican Study Committee, said the SRA would immediately return spending to 2008 levels and eventually cut non-defense discretionary spending to 2006 levels, as well as implement a hard freeze through 2021. “I have never seen the American people more ready for the …
Last week, Congressman Jim Jordan (R-OH) and Tom Price (R-GA) introduced the Republican Study Committee (RSC) FY2011 budget. This is a welcome fiscal blueprint that would restore fiscal discipline to the nation and avert a Grecian formula meltdown. It also does an excellent job of drawing a sharp distinction between a conservative fiscal plan and the liberal proposal presented by President Obama’s budget. Comparing President Obama’s own budget projections to the RSC’s tells the story of two very different futures for the United States. While the focus is primarily spending …
Another economic stimulus bill is imminent, and early reports put the potential price-tag around $700 billion. With such an astronomical figure being considered, it is no surprise the special interest lobbyists have taken notice. Everyone wants part of the latest government hand out. From bailouts for states in financial trouble to energy-efficient home insulation, suddenly any and all government spending can be spun as “economic stimulus.” This should not come as any surprise given liberal’s reverence for the economic theories of John Maynard Keynes, the British economist who once wrote: …
