Next week, the House Budget Committee will consider the fiscal year 2012 budget resolution in what is expected to be a marathon committee markup. The committee faces a dire budget reality; with entitlement spending that is absorbing essentially all of our federal income, while non-security discretionary spending is dramatically increasing. …
You would think liberals in Congress have nothing better to do with their time. Amid a war in Libya, an effort to aid earthquake and tsunami-stricken Japan, a continuing war in Afghanistan, rising gas prices and endless unemployment, Senate Majority Leader Harry Reid (D-NV) and the Democratic leadership in the U.S. Senate …
House Republicans are now pledging to reduce fiscal year 2011 discretionary spending to $100 billion below President Obama’s original request. As reported, this new budget proposal would: Unwisely reduces security spending by $16 billion relative to President Obama’s request; and Reduce non-security spending by $84 billion relative to President Obama’s …
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 …
This morning, The Heritage Foundation and The Wall Street Journal released the 2011 Index of Economic Freedom, and while the news is good for many countries, it is depressing for the United States. All told, 117 countries, mainly developing and emerging market economies, improved their Economic Freedom Index score. Meanwhile …
The 111th Congress is officially over, and according to Gallup, it’s also officially the worst Congress in the history of polling. Yet despite its 13% approval rating there are those who are hailing the 111th Congress for its myriad legislative “accomplishments.” Not surprisingly, many of those touting those “accomplishments” are …
Brand-new Congressmen don’t take office until January, but they’re already consumed with worry about the national debt. They’ll be faced with a vote expected next year to raise the debt ceiling beyond its current $14.3-trillion (about $47,000 apiece for everyone in America). The current $14.3-trillion debt ceiling has almost doubled …
