A chart created by the Center on Budget and Policy Priorities (CBPP) has been circulating among liberal bloggers such as Ezra Klein, James Fallows, and… Read More
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…. Read More
The Congressional Budget Office (CBO) has completed its initial review of President Barack Obama’s budget request and found that the White House significantly understated the… Read More
The federal government made at least $125 billion in improper payments last year. It spends $25 billion annually maintaining unused or vacant federal properties. Rife… Read More
House and Senate leaders are caught in a debate over real and phantom discretionary spending cuts. Senate leaders have proposed freezing 2011 discretionary spending at… Read More
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… Read More
Following the Democratic Senate’s recent failure to push through a massive, 1,924-page omnibus spending bill stuffed with runaway spending and pork, cooler heads seem to… Read More
As recession-weary Americans continue to tighten their belts, not even trillion-dollar deficits can persuade Senate Democrats to stop their spending spree. In a single 1,924-page… Read More
Preliminary figures from the Congressional Budget Office (CBO) show that Washington ran a $1.291 trillion deficit in 2010, just slightly less than last year’s $1.416… Read More
In his Monday “Hey Small Spender” column, New York Times columnist Paul Krugman bizarrely denied that federal spending has significantly expanded over the past two… Read More
In yesterday’s Washington Post, Ruth Marcus uses “quack medicine” to describe conservatives’ support for extending the 2001 and 2003 tax cuts. Yet she commits her… Read More
Obamacare has been rightly blasted as fiscally irresponsible, yet few have noticed what may be Obamacare’s largest ticking entitlement time-bomb: the CLASS Act. My new… Read More
The White House today released its updated federal budget projections. By releasing the report late on a Friday afternoon—a longtime Washington tradition for stories that… Read More
Over the past decade, federal spending has leaped 62 percent faster than inflation, to more than $30,000 per household. Not content with this expansion of… Read More
This week, the House of Representatives will vote on the $86 billion “America Competes Act.” Just a few years ago, an $86 billion authorization would… Read More
A few weeks ago, I posted that CBO’s estimate that the stimulus created saved 1.5 million jobs was not based on any actual examination of… Read More
After enacting 93,000 earmarks at a cost of $200 billion over the past decade, lawmakers are finally taking the first steps to rein them in…. Read More
The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs…. Read More
My Corner post from last Wednesday — pointing out that government “stimulus” spending does not add new purchasing power to the economy because the government must… Read More
For most of a century, macroeconomists have debated the pros and cons of government “stimulus” policies. Because there is no way to determine how the… Read More
On the stimulus’s first anniversary, keep in mind one number: 9 million. That is the Obama jobs gap — the difference between the 3+ million… Read More
President Obama says he wants to reduce America’s record trillion-dollar deficits. Too bad he hasn’t even correctly diagnosed their cause. During his State of the… Read More
The Congressional Budget Office (CBO) today released a ten-year budget baseline showing $6 trillion in deficits over the next decade. Yet because Congress requires the… Read More
Last spring, President Obama proposed $11.3 billion worth of discretionary spending cuts. Today’s Washington Times notes that Congress accepted $6.9 billion worth of these cuts,… Read More
Albert Einstein famously defined insanity as “doing the same thing over and over again and expecting different results.” So after a $787 billion stimulus that… Read More
Congressional leadership has unveiled an a $446.8 billion “minibus” that will cover six annual appropriations bills, leaving only the defense bill to pass separately. Assuming… Read More
The Congressional Budget Office today released a report asserting that the stimulus succeeded in creating growth and jobs. If this seems completely detached from reality,… Read More
Rep. Ed Whitfield (R-KY) has proposed a novel way to strengthen the House Pay-As-You-Go (PAYGO) rule. PAYGO – which requires that all legislation expanding entitlements… Read More
During tonight’s address to Congress, President Obama is expected to repeat his contention that health care reform should reduce federal health care costs and not… Read More
Contrary to several reports, the House Democratic health care bill (H.R. 3200) is not deficit-neutral, but would raise deficits to alarming new levels over the… Read More
