Romina Boccia focuses on federal spending and the national debt as director of the Grover M. Hermann Center for the Federal Budget at The Heritage Foundation. Read her research.
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U.S. Treasury Secretary Jack Lew suggested yesterday on NBC that “we have already done a lot of deficit reduction.” In reality, government spending and debt… Read More
EconomyNews
The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the… Read More
Moody’s changed the outlook on the U.S. credit rating from negative to stable this week, citing improving deficits. While this is good news, policymakers should… Read More
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… Read More
An individual with $150,000 in the bank received Supplemental Security Income (SSI), a program intended for blind, disabled, or elderly individuals with limited financial resources,… Read More
Today marks the 50th anniversary of the Equal Pay Act. Signed into law by John F. Kennedy in 1963, the act ruled it unlawful to… Read More
The number of people on Social Security Disability Insurance (SSDI) reached a record high this year. But a large number of people are double-dipping from both… Read More
After hitting the debt limit on March 19, the Treasury Department under Secretary Jack Lew is now employing its toolset of “extraordinary measures” to continue… Read More
Contrary to claims by cheerful news sources, Social Security’s deficit outlook is not “unchanged” or “no worse.” Social Security’s unfunded obligation rose by $1 trillion… Read More
In a refreshing break from tradition, the House Appropriations Committee approved a $967 billion discretionary spending plan that would stay within the fiscal year 2014… Read More
Health CareNews
On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But… Read More
The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a… Read More
At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO… Read More
Reports that the federal government will put a little bit of money toward the massive federal debt for the first time in six years make… Read More
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… Read More
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… Read More
Americans are waking up today to the worst “case of the Mondays” they’ll have all year: It’s Tax Day. Most Americans dread Tax Day, and… Read More
President Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.” Is this… Read More
When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly… Read More
EconomyNews
Last week, the President declared April 2013 National Financial Capability Month in an effort to encourage Americans to budget responsibly. This is a commendable goal…. Read More
In the ongoing debate over deficit reduction, President Obama and his colleagues in the House and Senate incessantly call for tax increases as if our… Read More
During last week’s vote-a-rama in the Senate, Senator Bernie Sanders (I–VT) intended to put Senators from both parties on the record for opposing the adoption… Read More
Too many healthy seniors retire early at a loss to their wealth and to society. Meanwhile, Social Security is in dire need of reform. Delaying… Read More
This week, the budget committees of both chambers of Congress released their budgets ahead of President Obama’s budget—marking the first time in 92 years that… Read More
Sequestration, the set of automatic spending reductions set to hit on March 1, barely makes a dent in federal spending over the next decade. Much… Read More
While President Obama is traveling across the nation campaigning against sequestration at the very last minute, the economy is working through a tax increase nearly… Read More
Erskine Bowles and Alan Simpson, former co-chairs of the 2010 White House deficit-reduction panel whose plan failed, released an outline for a new proposal on… Read More
Senator Mary Landrieu (D–LA) recently stated, “I am not going to keep cutting the discretionary budget, which by the way is not out of control,… Read More
Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate… Read More
Working Americans receiving their first full paycheck of the year may have had a rude awakening today. Despite all the President’s promises not to raise… Read More
