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  • Spending Caps

    What to Expect from the Trillion-Dollar Omnibus

    Lawmakers in charge of funding the government with taxpayer dollars are getting closer every day to finishing their work on the trillion-dollar-plus fiscal year 2014 omnibus spending bill. If the spending bills drafted in 2013 are any indication, this year’s version will be loaded with pork projects and government programs … More

    Spending Caps Have Worked, but Ryan-Murray Budget Would Lift Them

    In terms of cutting government spending, the Budget Control Act’s spending caps and sequestration have been an unparalleled success story in recent years. And yet, the House of Representatives voted last Thursday to weaken the caps in 2014 and 2015 for a $63 billion increase in the discretionary budget. Sequestration … More

    Poll: 65 Percent of Americans Think Congress Can Find More Spending Cuts

    As the Senate prepares to take up the new House-passed budget that undoes sequester cuts and increases spending, a clear bipartisan majority of American voters—65 percent—“firmly disagree[s] that ‘there are no more cuts to make’ to federal spending,” according to a recent poll conducted by the Tarrance Group. The poll, … More

    3 Things You Need to Know About the Congressional Budget Deal

    Many had high hopes that the first budget conference in four years would make a substantial down payment toward fixing the U.S. spending and debt crisis. The new “Bipartisan Budget Act” thoroughly disappoints. While we dig through the details for a more complete assessment, here are three key facts on … More

    Black Friday Spending Spree (in Washington)

    American shoppers aren’t the only ones getting ready to spend big this holiday season. In Washington, members of the budget conference committee are considering several options that could increase spending by up to an additional $100 billion. What’s standing in their way is sequestration: the automatic spending cut mechanism President … More

    How to Cut $42 Billion in Spending in the FY 2014 Continuing Resolution

    Congress is in the midst of debating spending levels in a fiscal year (FY) 2014 continuing resolution. It’s no surprise that the two chambers disagree over how much to spend and funding for the President’s damaging health care law. The Senate proposes to spend $1.058 trillion, dismissing the spending caps … 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

    Reid Suggests Exploiting Budget Gimmicks for Sequestration

    Senate Majority Leader Harry Reid (D–NV) is proposing not one but two old budget gimmicks to spend $85 billion more in 2013 than allowed under sequestration. Contrary to Senator Reid’s claim that “it wouldn’t add a penny to the deficit,” this spending would in fact add every single penny in … More

    Immigration Bill Is a Trojan Horse for Spending

    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 … More

    Sen. Ron Johnson: Debt Ceiling Debate Should Net Spending Cap

    While some members of Congress still attempt to unscramble all the details of the six-month spending deal struck by leadership last week, Sen. Ron Johnson (R-Wis.) said he’s already steeling himself for the next big debate. “This whole CR skirmish — and that’s about all it is — is just … More