New research suggests that legislators should cut spending and enact growth-inducing policies. The reasoning? According to the study, spending cuts can positively affect economic growth and are the only historically reliable way to lower deficits and debt. The authors of the study, Alberto Alesina and Francesco Giavazzi, write that “spending-based …
On Tuesday, President Obama criticized Representative Paul Ryan’s (R–WI) budget proposal as making “draconian cuts” to federal spending programs. In particular, the President said, “If this budget becomes law and the cuts were applied evenly, starting in 2014, over 200,000 children would lose their chance to get an early education …
If President Obama wants to challenge the House Republican budget passed last week, he certainly should. His views would be more enlightening, however, if they actually said something substantial, instead of the shrill hyperbole he repeated today. In a speech at an Associated Press luncheon, Mr. Obama branded the House …
House Democrats described the budget they released yesterday as a “clear contrast” to the one introduced by House Budget Committee chairman Paul Ryan (R–WI). It is a clear contrast—but that’s not a compliment. The proposal, offered by Representative Chris Van Hollen (D–MD), ranking member of the Budget Committee, merely calls …
There are six key elements to a successful federal government budget, including the plan released today by House Budget Committee chairman Paul Ryan (R—WI): Does it cut spending sharply and quickly? Does it begin decisive entitlement reform? Does it avoid any tax hikes? Does it ensure a strong national defense? …
Paul Ryan (R-WI), Chairman of the House Budget Committee, will release his budget blueprint today in what will surely be one of the most important policy developments in Washington this year. If as expected Senate Democrats fail yet again to advance a budget for the government, then the Ryan Budget …
The Congressional Budget Office (CBO) estimate of the President’s budget reveals a reckless fiscal plan that shirks the spending cuts in the Budget Control Act and increases spending by more than $1 trillion over the next 10 years. It confirms that Obama is the first President to preside over four …
